The 2290 form is a heavy highway vehicle use tax return form. This tax is due to the IRS if you are an owner of a public highway vehicle weighing 55,000 pounds or more. The form 2290 due dates are between the fiscal year from July 1st to June 30th. This form may be submitted two different ways, either physically or electronically. This IRS 2290 filing can seem overwhelming and is time consuming, especially for people who are not too familiar with tax forms. There is help available online at low costs for those who wish to safely file it electronically.
When the Tax is Due?
There are of course, exemptions to the tax form which include any Federal Government related vehicle, American National Red Cross, nonprofit rescue squad, among many others. But any owner of a heavy vehicle over 55,000 pounds must pay the tax. When a suspended vehicle exceeds the mileage use limit of 5,000 miles on public highways, the tax becomes due. The number of owners is irrelevant; the mileage is based off of that period, so it does not matter if the vehicle is sold to a new owner. The mileage stays intact with the vehicle. For agriculture vehicles, the limit is at 7,500 and is defined by whether or not the vehicle is used for farming over half of the time. There are different restrictions and guidelines in this case.
Limits and Payments
To file the 2290, it can be done electronically and physically. Doing it electronically can save you time and you can acquire help with the form from websites such as ETAX2990. Their software makes it easier to fill out the form more accurately. With IRS 2290 filing, it can be a bit of a hassle completing the physical form with waiting in long lines for stamps and then turning it in to mail it. Sending the copy to the address must be done no later than one business day prior to when the tax is due, whether it is the 5,000 mile limit or the due date of June 30th. Both electronic and physical forms require the payment to be made in full using debit, check or money order, or the Electronic Federal Tax Payment System.
The form 2290 due dates, unless laws change, will always be due upon June 30th of the year, the new period starting on July 1st. If a heavy vehicle hits the 5,000 mileage usage limit, then the tax for that particular vehicle is due from the current owner. The 5,000 only applies to being used on public highways and that are not considered agricultural vehicles. The IRS 2290 filing can be made easy if the guidelines are understood, especially if you should choose to file them online where a site like ETAX2990 can help you further. Their rates differ depending upon how many vehicles you own; they are able to aid you even if you own simply one heavy highway vehicle.