Truckers Face Important IRS Deadline

The Internal Revenue Service (IRS) has announced that taxpayers filing heavy highway tax returns, or Form 2290, must do so before the August 31, 2022 payment deadline.

IRS deadline approaches for truck drivers

Anyone who has registered or is required to register a heavy motor vehicle on the highway with a taxable gross weight of 55,000 pounds or more to their name at the time of first use on public roads during the reporting period must apply for a heavy highway use tax. Yield.

However, vehicles that are expected to use 5,000 or fewer miles (7,500 for agricultural vehicles) must declare, but pay no tax. However, if the vehicle exceeds the mileage limit during the tax period, the tax will be due.

What documentation is required to submit for Form 2290

The tax period runs from July 1 to June 30 each year. For trucks and other taxable vehicles in use in July, Form 2290 must be paid and payments must be made no later than August 31. State governments require proof of payment of the highway usage tax as a condition of vehicle registration.

Taxpayers will need the following documentation when filing their Form 2290, which can be done by mail or online:

Company name and address.Employer identification number (EIN).Vehicle identification number (VIN).Taxable gross weight of your truck.First month of your truck.

Fleets with 25 or more vehicles must pay Form 2290 online through an IRS-approved software vendor. Smaller fleets have the option to pay by check or money order or online. You must have an employer identification number for at least 14 days before you can email.

The filing season for Form 2290 filers is July 1 through June 30. The filing deadline for Form 2290 is based on the month taxpayers first use the taxable vehicle on public roads during the reporting period. Vehicles first used on public roads in July must file Form 2290 between July 1 and August 31. Form 2290 filers must enter the month of first use in Schedule 1 to indicate when the vehicles in Schedule 1 were first used during the tax period.

Who Should File Form 2290 Electronically?

The IRS encourages all Form 2290 filers to create e-file to speed up the filling process. If taxpayers report 25 or more taxable heavy motor vehicles on the highway for a taxable era, they must e-report through an IRS-approved software vendor. However, tax applicants will have to pay a small service fee to the software vendor or e-file sender of their choice.

To find the IRS-approved software vendor for Form 2290, they can log in to the 2290 e-file partner page. Upon completion, filers will receive an email notification from the IRS and will also have access to an electronic version of Schedule 1 with a watermark of the e-file logo in the background. When you create e-file, your Schedule 1 is available almost immediately after the IRS accepts it.

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