Taxpayers who e-file can get a stamped Schedule 1 within minutes after the IRS accepts the form. Due to COVID-19, those who choose to file on paper can expect a significant delay in receiving their IRS stamped Schedule 1.
This is to remind truckers and other owners of heavy highway vehicles that, their next federal highway use tax return is due on Wednesday, August 31, 2016.
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.
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.
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