Today, at our article space, we are going to address few of the questions raised by the taxpayer. They are indeed the common question asked, but there are people who are new to filing. So let’s get started. Heavy Vehicle Used Tax is the tax paid directly to the government based on certain criteria's and we shall discuss those in today’s article. |
What Is Form 2290 And It’s Purpose?
Form 2290 is an application to file Heavy Vehicle Used Tax. This tax is calculated based upon the weight carried by a truck on a public highway. As it is believed that these heavy vehicles cause most of the damage on the public highway and the funds collected through this form are directly contributed in the wear and tear of the highway for better transportation.
Who Is Required To File Form 2290?
Every heavy vehicle should be filed under the form 2290 if they weigh more than 55,000 pounds.
Why Should You File Heavy Vehicle Use Tax Form 2290?
It is believed that these trucks cause most of the damage on the public highway and the tax paid through form 2290 is directly contributed for the better welfare of the highway. This important step is taken for additional safety of the truckers.
So, When Should You File Heavy Highway Vehicle Used Tax? If you are filing form 2290 for the first time used vehicle, you need to file taxes right by the end of the second month of the first use i.e. If you have taken your vehicle out in the month of March, then by 30th of April is the last date of filing form 2290. If you delay, you are liable to pay penalties for the same. You are also liable to pay taxes each taxation season that falls on June 1st- August 31st of every calendar year.
How Should You File Form 2290 HVUT?
Well, to file form 2290, there are two methods applicable. You can choose among them based on your convenience. The first method is the traditional method, paper filing. And the other method implied to file taxes is efiling. This method was introduced to cut short the hassle and allow taxpayers to enjoy an error free session and receive your schedule 1 copy in minutes. Also, you can avail other benefits like tax calculator, error check.
What Are The Advantages Of Efiling Form 2290?
• Save time, energy and paper. • Get your taxes calculated accurately • One time registration • Eliminate rejection of the form • No more late filing • No hidden charges • Anytime and anywhere access available • Smartphone App for betterment • Receive your schedule 1 copy • Avoid the virtual traffic jams. • Full time customer support by our Tax Experts
We have covered the basics of Form 2290 and the advantages of efiling. Now it’s your turn to choose and decide the best method for filing your taxes. You can reach the customer support anytime you wish and get your queries cleared in minutes. Happy filing.
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