Pulling off your submission and payment of the IRS Form 2290, or the Heavy Vehicle Use Tax (HVUT) is anything but easy for truck driver and businesses. But, the online payment method is more effective compared to other methods. Whether you’re submitting for the first time or looking to simplify things this year, read further to understand how to conduct your IRS 2290 payment online. It’s quite simple.

Collect All The Necessary Details.

Before you begin the online payment procedure, make sure that you have the following information ready. You will be required to provide your Employer Identification Number (EIN), Vehicle Identification Number (VIN), and the taxable gross weight of your vehicle. Also, ensure that your EIN is at least two weeks old, as newer numbers might not be recognized by the IRS system. If possible, checking these items before filing will ensure that you do not run into complications down the road.

Use An Authorized E-File Service.

For online submissions of Form 2290, obtaining an IRS-recognized e-file service is a must. These apps are meant to ease the filing process and take you through the required forms. The platform will do the rest. After you put in your information, it will determine your HVUT fee and file it on your behalf.

Search for providers who offer instant confirmation of processing payment so your submission goes through without delays.

Pick Your Payment Method

There are different features you can choose while completing your HVUT payment online. You may implement the option of EFW, which is Electronic Funds Withdrawal, and the IRS debits directly from your bank account. Alternatively, you may also use EFTPS if you have registered for it. You may also process payments through credit or debit cards with third-party payment processors, although a small fee is charged for this convenience. Consider what may work best for you.

Finish Submitting Form 2290 and Download Your Schedule 1

After filling out the form along with the payment, you will have to eFile Form 2290. You will receive a stamped Schedule 1 as soon as you submit the form. This is essential for aid up in registering your vehicle with the DMV and serves as proof of payment. In fact, most e-file services give these confirmations within moments, so you won’t have to wait a long time after submitting the form.

Organize the Stamp for Your Schedule 1 and Strategize for The Following Year

It is advisable to keep both physical and digital copies of your stamped Schedule 1 for your records, so risk assessments become easier for you.

Also, placing reminders for the next year’s filing deadline, which is usually August 31, will help you avoid many late fee penalties. You will find that with the simplified online system, managing your HVUT payments will be an effortless part of your trucking business.

Note: For more information, visit IRS website