The rumble of heavy-duty trucks keeps our economy rolling. But to keep those rigs on the road legally, you need to file Form 2290, the Heavy Vehicle Use Tax (HVUT) return. This guide will equip you with everything you need to know for a smooth Form 2290 filing experience in August 2024.

Understanding the Deadline:

Accordingly, September 3rd, 2024 is the due date for filing Form 2290 for vehicles used during July 2024 because August ends on Saturday which means that it will be submitted on next weekday after weekend or holiday.

Who Needs to File Form 2290?

If any of your vehicles weighs over than fifty-five thousand pounds (or twenty five thousand pounds if used in manufactured housing) and has been operated upon public highways during this filing period from July First, Twenty Four through June Thirtieth, Twenty Four then consequently there is an obligation of filling out a specific form; this applies as per section three above.

What You'll Need to File:

Before you begin filling out the form, make sure you have these key documents ready:

• Employer Identification Number (EIN): This is a unique number required by the IRS to identify your business. If you don’t already have one, please check our previous blog post “How to Easily Obtain an EIN Online for Form 2290 Filing” for some quick steps.
• Vehicle Identification Number (VIN): This code identifies your vehicle. It is usually located on the dashboard of your car or in its registration details.
• Taxable Gross Weight: This is the weight that determines how much tax you are liable for paying. Check this information either in your vehicle registration or from manufacturer specifications.
• First Use Month (FUM): The month in which it was first used on public highways during the filing period (July 2024 - June 2025).

Completing Form 2290:

To get Form 2290 and instructions visit https://www.irs.gov/pub/irs-pdf/f2290.pdf on the IRS website. My main areas of interest include client services, mentoring, coaching, problem solving

• Part I: Taxpayer Information: Fill out details about your business such as EINs here.
• Part II: Vehicle Information: Provide VINs for each vehicles being filled for as well as taxable grosses weights and FUMs.
• Part III: Tax Calculation: Here, the form will take you through calculation of tax based on weight of vehicle and FUM.
• Part IV: Payment Voucher: To attach with payment for taxes use this section.

Filing Options:

There are two ways to submit Form 2290:

• Electronically: As a matter of fact, the IRS even prefers that tax payers complete their HVUT returns online through one of their authorized IRS e-file providers. For the most part, this method is convenient and fast.
• By Mail: The form can be completed and payment voucher sent to the address provided in the instructions by post.
• Remember: After submitting your tax return, ensure to keep a copy of your filed Form 2290 and payment confirmation as proof of filing for your records.

Stay Compliant, Keep Trucking!

By following these steps and meeting the August 2024 deadline, you'll ensure compliance for your heavy vehicles under HVUT regulations so that you continue doing business legally on roads without any penalties from IRS.

Note: For more information, visit IRS website