2290 Filing

Any truck or vehicle that has a taxable gross weight of 55,000 pounds or more must file IRS form 2290 for paying tax every year under the Heavy Vehicle Use Tax (HVUT). This tax is levied annually on heavy vehicles operating on public highways. IRS form 2290 is filed from July 1^st to June 30^th June every year. The last day of submitting IRS form 2290 on August, 31. If there is a weekend on that day, you may get an extension for one more day.

Formalities required for completing 2290 tax returns

Before filing IRS form 2290, certain formalities need to be completed. Let’s understand in detail.

1. Name and Address of Business
2. Employer Identification Number (EIN)
3. Vehicle Identification Number (VIN)
4. First Used Month of Vehicle
5. Taxable Gross Weight of Vehicle

Exemptions from HVUT

Some groups are exempted from the Heavy Vehicle Use Tax (HVUT).

1. The Federal Government
2. State or local governments, inclusive of Columbia
3. NGO’s, Fire Departments, Ambulance Associations, and Rescue Groups
4. Mass Transportation Authorities
5. Indian Tribal Governments – For vehicles used in essential tribal activities

 You can make your 2290 form filing process more comfortable with the help of Global Multi Services. IRS has clear directions for e-filing of Form 2290 for quick processing and getting schedules in a few minutes. You can save your money and time that would have been wasted in doing paperwork.

The advantages of Global Multi Services

There are many advantages of Global Multi Services that you can derive while processing IRS form 2290 filing.

1. All taxes can be computed within a short span of time.
2. You get expert advice on the Form 2290 filing process.
3. Speedy work in comparison to sluggish and slow approach.
4. Everything is managed online so that you don’t have to wait for long in the IRS office.
5. You will receive Stamped Schedule 1 quickly.
6. If you are a fleet owner and want to e-file in bulk, you will get an individual account where you can select the businesses for filing IRS Form 2290.

 So, you don’t need to worry about filing the 2290 form. It is Global Multi Services that make your task easier. They have a specialized team of professionals who have a thorough understanding of the tax structures and compliances for ensuring the smooth filing of 2290 form. Feel free to contact for more information.