Truckers, Heavy Vehicle Use Tax Return (Form 2290) Due Aug, 31.

 


This is to remind truckers and other owners of heavy highway vehicles that, their next federal highway use tax return is due on Monday, August 31, 2020.

Some taxpayers still opt to file their Form 2290 on paper, the IRS encourages all taxpayers to take advantage of the speed and convenience of filing this 2290 tax form electronically and paying tax dues electronically. Taxpayers reporting 25 or more vehicles must e-file their Form 2290 through an IRS-approved software provider like www.Tax2290.com.

This year’s 2290 tax due date falls on August 31. Hence E-file ASAP to avoid last minute virtual Traffic jam.

IRS stated in the recent Form 2290 webinar that they're working with the minimum staffing and taxpayers would see delays up to 6 weeks for a paper filed returns. However, The IRS E-file system will function and accept all returns within minutes that are filed electronically. If you are yet to file your Form 2290 for TY 2020-21, we suggest you file before this deadline to have your return processed instantly on time.

The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more. This generally includes trucks, truck tractors and buses. Ordinarily, vans, pick-ups and panel trucks are not taxable because they fall below the 55,000-pound threshold. The tax of up to $550 per vehicle is based on weight, and a variety of special rules   apply, explained in the instructions to Form 2290.

For More information call and talk to our tax experts at 1-866-245-3918 or Write to us at support@taxexcise.com

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