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.
Getting Start with 2290 E-file for 2018 – 2019
To complete Form 2290, have the following information ready before you start preparing the tax return;
- Your employer identification number (EIN). You must have an EIN or FEIN to file Form 2290 online. You can’t use your social security number. Enter the correct EIN that was assigned to your Business at the time of registration by the IRS. If you don’t have an EIN, apply for one online at IRS.gov website.
- The vehicle identification number (VIN) of each vehicle. The VIN of your vehicle can be obtained from the registration, title, or actual vehicle. Generally, the VIN is 17 characters made up of numbers and letters. Be sure to use the VIN for the vehicle and not from the trailer.
- The taxable gross weight of each vehicle to determine its category between A – V and W category for Suspended vehicles.
When you have the details, start with your 2290 online at Tax2290.com, complete it in less than 10 to 20 minutes. Pay the nominal e-file service fee and transmit it to the IRS for processing. Your IRS stamped schedule-1 proof will be shared with you instantly once IRS accepts your return, the same will also be emailed to your inbox (to your registered email address that you have entered).
What is New in 2290 for 2018-19 Tax Period?
IRS has introduces Credit or Debit Card payment option for paying your 2290 taxes, beginning from 2018 you could use your credit or debit card to make a payment to IRS along with Direct Debit, EFTPS and Check/Money Order. However for using your credit or debit card you may be charges a processing fee by the service providers, and it is free when you opt for EFTPS or Direct Debit or Check/Money Order.