So taxpayers, are filing form 2290 for the year 2015-16? Well, if yes, then you have only 29 days in hand to file and pay IRS the dues you owe based on the weight of the truck. If your vehicle weights more than 55,000 pounds you are liable to file heavy vehicle used tax for the tax year without fail before 31st of August. However, if you are choosing paper filing, do make sure you file your return at least 15 days ahead of the due date as the process in paper filing is slow and eventually, you would receive your schedule 1 copy late. In case, your return is not processed before the due date, you are liable to pay your dues with the touch of penalties. Do note, you need to have a copy of your schedule 1 copy in your rig to avoid external audit. If you are wondering why this tax is collected at the first place, that is because, it is believed, trucks cause most of the damage to the highway and this tax collection acts as the fundraiser for the wear and tear of the roads. Individual, limited liability company (LLC), corporation, partnership, or any other type of organization (including nonprofit, charitable, educational, etc.) are required to file HVUT return. While filing form 2290, ensure you have the following documents handy: • EIN (Employee Identification Number) • VIN (Vehicle Identification Number) • Taxable Gross weight of the vehicle(s) • Purchase date and date of first use on the highway • If the vehicle is sold, details like date of selling, VIN and whom the vehicle was sold are required Now that you have the documents handy, all you need to decide how you would prefer filing form 2290: E Filing, The Newest Trend Among Truckers: With the vast advancement of technology, we are moving with the flow. Yet, we still blame the technology for making us so dependent; we enjoy the easiness that is served right in front of us without any extra effort to be added. Efiling also provides you the option you to eliminate errors and accurate calculations for betterment. You don’t have to put on your calculation cap for electronic filing. Our application will take care of the same. The best part about IRS tax Form 2290 electronic filing (E-Filing online) is that it does not consume much of your time, leaving the penalties behind forever. So come over and efile form 2290 with Tax2290.com and receive your schedule 1 copy right there, in minutes.
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