HVUT Form 2290 Deadlines and Partial-Period Tax
Truckers who registers a heavy highway motor vehicle in their name with a gross weight of 55,000 pounds or more must file Form 2290 and pay the tax. This 2290 taxes are applied on Heavy Motor Vehicles, typically owners of vans, pickup trucks, panel trucks, etc., are not required to file or pay tax on these smaller trucks.
Trucks that are used for 5,000 miles or less (7,500 for farm or agriculture trucks) are required to file a return but are excluded from paying the tax, termed as suspended or exempt vehicles.
The filing season for Form 2290 filers is July 1 through June 30. The filing deadline for Form 2290 is based on the month you first use the taxable vehicle on public highways during the reporting period. Prepare and report tax form 2290 for any taxable vehicles first used on a public highway during or after July in a tax period by the last day of the month following the month of first use.
Owners of grain or livestock truck are essential to file a Federal Heavy Vehicle use Tax Form 2290. Commercial truck owner should file Form 2290 every year and should have a receipt duly returned from IRS to display the payment of Tax. During the renewal of truck license, the truck owner needs to present this wattermarked Schedule-1 receipt.
Partial Period Taxes are calculated for heavy vehicles that are used after July in a tax period, for which the taxees are due by the last day of the month following the month of first use. If any due date falls on a Saturday, Sunday, or legal holiday, file by the next business day. The below table refer to the actual due date for Reporting and Paying the Federal Vehicle Use Tax Form 2290 on a heavy motor vehicle. Based on the first used month in a tax period.
|IF, in this period, the vehicle is first used during ...||THEN, file Form 2290 and make your payment by ...*||and enter this date on Form 2290, line 1**|
|July, 2023||August 31, 2023||2023/07|
|August, 2023||September 30, 2023||2023/08|
|September, 2023||October 31, 2023||2023/09|
|October, 2023||November 30, 2023||2023/10|
|November, 2023||December 31, 2023||2023/11|
|December, 2023||January 31, 2024||2023/12|
|January, 2024||February 29, 2024||2024/01|
|February, 2024||March 31, 2024||2024/02|
|March, 2024||April 30, 2024||2024/03|
|April, 2024||May 31, 2024||2024/04|
|May, 2024||July 1, 2024||2024/05|
|June, 2024||July 31, 2024||2024/06|
The filing rules apply whether you are paying the tax or reporting suspension of the tax. The following examples demonstrate these rules.
Example 1. John uses a taxable vehicle on a public highway by driving it home from the dealership on July 2, 2023, after purchasing it. John must file Form 2290 by August 31, 2023, for the period beginning July 1, 2023, through June 30, 2024.
Example 2. John purchases a new taxable vehicle on November 3, 2023. The vehicle is required to be registered in his name. The vehicle is first used on the public highway by driving it home from the dealership after purchasing it in November. John must file another Form 2290 reporting the new vehicle by December 31, 2023, for the period beginning November 1, 2023, through June 30, 2024.
Example 3. All of Trucker A’s vehicles are first used in the current period in July 2023 by driving them from the dealership on the public highway to his warehouse after purchasing them. Trucker A must file one Form 2290 on or before August 31, 2023. Trucker B first uses vehicles on the public highway in July and August. Trucker B must report the vehicles first used in July on the return normally due on August 31, 2023, and the vehicles first used in August on a separate return filed by October 1, 2023. Because September 30, 2023, falls on a Sunday, Trucker B doesn’t have to file until the next business day, October 1, 2023.