IRS Tax Form 2290 and Schedule 1 for the tax period beginning on July 1, 2018, and ending on June 30, 2019, must be filed by July 1. If a taxable highway motor vehicle is first use (in July) during the period and the vehicle has a taxable gross weight of 55,000 pounds or more then tax 2290 must be filed by August 31. Anyone who owns and operates heavy motor vehicle with the taxable gross weight and expected to drive 5,000 miles (7,500 miles for Agriculture Use) must report and pay tax 2290. This is an annual tax and paid in full. 2290 must be reported if you’re an individual, limited liability company (LLC), corporation, partnership, or any other type of organization (including nonprofit, charitable, educational, etc.). A must need tax, even you’re vehicle is exempt from tax you need to report this exemption, with the IRS stamped Schedule-1 proof you could renew your plates and permits with the state authorities.
Pre-file 2290, last call to save 15%
You can save 15% of your eFile charges by apply the code “EARLYBIRD” which is exclusively for our returning users and early filers. Prefiling is filing 2290 ahead of the schedule and waiting for the IRS to process it once they are operational. Prefile could save your time and effort too, you can put your efforts rightly into the business rather than spending your time to report 2290 tax. Continue reading