What is HVUT

Heavy vehicle use tax (HVUT) is an annual tax paid by the vehicles operating on public highways. This tax is applicable to vehicles which weigh 55,000 pounds or above. The objective of paying this tax is to restore roads damaged during transportation. The gross weight is calculated through the following: the actual unloaded weight (fully equipped vehicle for service); the actual unloaded weight of trailers and other accessories (fully equipped); and a maximum weight of the load carried by the vehicle.

Who Must File Form 2290 Texas?

Anyone who owns a truck with a gross weight of 55,000 pounds or more must file Form 2290 and pay the Texas HVUT. Texas HVUT applies to individuals, Limited Liability Companies (LLC), corporations, partnerships, or any other type of organization (including nonprofit, charitable, educational, etc.). View more information about Texas HVUT by clicking here: https://www.irs.gov/instructions/i2290

Who must file form 2290

The truck owner who owns taxable highway vehicle must file form 2290 right at the time of its first use. Likewise, for truckers who need to register the vehicle that has the gross weight equalizing 55,000 pounds or more must file form 2290. The tax period of HVUT customarily begins from 1st July of every year and ends on 30th June of the subsequent year. If truck owners fail to file form 2290 at the right time, they will be liable to pay penalty.

What is required to file form 2290

Truckers who are about to file form 2290 must provide details about the business and vehicle. You are required to give the following specifics.

  • Business Details - Name, address, EIN, authorized signatory details, etc.
  • Vehicle Details - Gross weight of an unloaded and fully loaded vehicle.

If you file through an e-file service provider, say www.expresstrucktax.com, every detail will be checked and nil errors are ensured before submission.

When to file form 2290

Since the HVUT tax is an annual payment, we recommend the owners to file form 2290 at the start of tax period (i.e. on July 1st of every year). The form's annual renewal for a new tax period will be due by August 31st of each year.

If you are a new trucker, it is recommended to file form 2290 at the very beginning of the vehicle's first use on highways. For example, if the individual starts using the vehicle on June, then the form must be filed by the last day of the following month (i.e. of August).

How to file form 2290

Electronic filing: Through e-filing, truck owners can quickly get the stamped schedule 1 within minutes. For this, you can approach any electronic return originator, e-file service provider and other online parties participating in the IRS e-file program.

Filing the HVUT tax online can be easy, fast, secure and helps the individual to avoid mistakes (say tax calculation) when compared with manual filing. Service providers like ExpressTruckTax.com can process your files successfully without any rejection.

Manual filing: If you feel unsafe to pay your tax through online, i.e. through Electronic Funds Transfer or Electronic Federal Tax Payment System (EFTPS), you can mail the form 2290-V to below-given address.

Internal Revenue Service,
P.O. Box 804525.
Cincinnati, OH 45280-4525.

Form 2290 without payment due or using EFTPS for payment:

Department of the Treasury
Internal Revenue Service,
Cincinnati, OH 45999-0031

Note: Do not staple your check or money order with the form 2290.

Penalties

Owners must pay penalties if they fail to file form 2290 before the due date (August 31st). The penalty for HVUT is costly and will be nearly 4.5% of the total tax due, which is evaluated on a monthly basis until five months.