Heavy Highway Vehicle Use Tax is for highway motor vehicles operated during a particular revenue year. Trucks, truck tractors and buses with a taxable gross weight of 55,000 pounds or more running on the public highways are bound to pay tax under Form 2290. The revenue generated from this tax goes into financing national roadway projects and funding for road maintenance and road administration. Form 2290 is the IRS recommendedfederal tax formfor filing this tax. Once form 2290 is submitted online IRS provides a stamped schedule1 within minutes. This is the proof that the tax has been paid. The stamped schedule 1 is further used to register the vehicle at Department of Motor Vehicle. IRS encourages all taxpayers to fill Form 2290 online. Electronic filing is mandatory for taxpayers who own 25 vehicles or more. E-filing is a very convenient procedure, the only difference with the manual submission is that in this case the transmission of tax information and payment of returns is done via the internet and goes directly to the IRS.
The filing up of IRS tax form requires the completion of few simple steps.
Step 1: Register with the website providing 2290 online facility.
Step 2: After registering with a website which provides the federal tax form 2290 online, a taxpayer needs to create a business profile. This step requires providing basic data like business address, address, EIN, contact number, etc. When a customer fills out the beginning portion of their Form 2290 they should accurately fill in all the necessary information asked in the form.
Step 3: Here, the taxpayer is required to select the tax period and add vehicle information. IRS offers various modes of tax payment. The online user needs to choose their payment mode according to their convenience. The person can review their amount of return online. In case of any error, the mistake can be rectified immediately.
Step 4: After submitting the return, the taxpayer gets schedule-1 immediately through an email. The website will help the taxpayers compute the from 2290 with various premium services. To e-file Form 2290, pay the federal truck tax and receive Stamped Schedule 1,
Step 5: Call Up the customer care and submit the required documents. The tax professional calculates the most accurate figures for the customers and help them reap maximum benefit.
If you are looking to download and pay the federal tax form online, make sure to use the online facility that offers maximum benefits. This would make the process convenient and you can save a lot too.
Tyler Hall, owner of the company, offer online 2290 form for all truck owner/operators. HVUT (Heavy Vehicle Use Tax) provides various benefits including user friendly software, reduces paper usage and saves the environment, easy accessibility of data, easy rectification and resubmission. E-filing can be done from anywhere at any time with the help of efile form 2290.
Instructions For Using Federal Tax Forms