Heavy vehicle use tax (HVUT) is mainly filed by truck owners and operators having and using vehicles of weight 55000 lbs and more. Government levies taxes on truckers for the sole purpose of collecting funds for construction and maintenance of public highway projects. Hence, if you are a truck owner and having vehicle of 55000 lbs and above and have used the vehicle for 5000 miles and above (7500 miles for agricultural vehicle), then it is mandatory that you file form 2290 to save yourself from hefty penalties. Also if you own a heavy vehicle of weight 55000 lbs and above and have used the vehicle for less than 5000 miles (7500 miles for agricultural vehicle), still you have to file form 2290 but under suspended vehicles where you will be exempted from paying taxes.
Moreover, one of the best ways which even the IRS recommends is tofile form 2290 electronically. Reason why you should opt for e-file rather than paper file is:
It’s convenient, easy and quick – If you opt to paper file form 2290, you will end up running to the IRS office, standing in long queues, neglecting your other essential tasks and etc. But E file is complete opposite. Electronically filing form 2290 is very easy as it takes 3 simple steps to complete your filing. It is convenient as you don’t have to go anywhere to file your HVUT taxes. Have computer and internet connection at home and E filing form 2290 will be over in few minutes, plus you can completely focus on your other priorities.
It’s secure and safe – Mailing your 2290 return via postal services is not that safe as compared to E-filing your 2290 return. E-filing ensures that your return is directly transmitted to the IRS, but there is no such guarantee with paper filing. Also when you e-file your return the data transmission between the tax software and IRS is encrypted to prevent any data access hence making e file theft free and secure process.
Get your schedule 1 within minutes – If you paper file form 2290, it takes 7-10 days to receive confirmation and your IRS accepted form 2290 schedule 1. But it’s not the same with e-file. E-file results in immediate confirmation and you can download form 2290 schedule 1 in minutes
Environment Protection – Every year more than 46 million people paper file their returns, leading to destruction of vast number of trees. In other words, Paper filing causes environment degeneration, while on the other hand e-filing causes environment regeneration. Now it’s upon the filers what they prefer.
High accuracy – preparing your tax return on paper means you have to do the calculations yourself, which may result in errors and inaccuracy. But if you opt for e-file, you are saved from doing complex calculations as the online tax software does all the calculations for you, double checks for errors and make sure your tax information in accurate.
However, always make sure to e-file form 2290 before the due date which is June 30 2011, in order to prevent penalties from coming your way.
Greentax2290.com is the first service provider to be certified to file heavy vehicle use tax form 2290 for year 2011-2012
IRS update - IRS has announced that form 2290 will expire at the end of september 2011. Heavy vehicle use tax form 2290 filing has been delayed for year 2011-2012. For more information visit: https://greentax2290.com/2290filingdelay.aspx
Begin your tax form 2290 registration for tax year 2011-2012
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