Form 2290 is used to file a tax return for the use of the Heavy Highway Vehicle. The vehicles that are taxable under this form are the ones that have a taxable gross weight of 55,000 pounds or more. These are usually self- propelled vehicles designed to carry heavy weight over public highways. The form 2290 is used for the following purposes:

  • To assess and pay the tax due on heavy highway vehicles for a period of time with a gross weight of more than 55,000 pounds.
  • To assess and pay the tax due for a period if the gross weight of a vehicle that is taxable increases and it starts falling into a new category.
  • To report the purchase of an already used taxable vehicle for which tax suspension has been already done.
  • To assess and pay the tax for suspension statement of a vehicle on another form 2290 if the mileage use limit of vehicle is exceeded during the period.
  • To assess and pay the tax due on a vehicle that is acquired and used for a specific period.
  • To claim suspension from the tax when the vehicle is anticipated to be used during the period for 5,000 miles or less.
  • To claim a credit on destroyed, stolen, used or sold vehicles 5,000 miles or less.

Form 2290 is used for the mentioned purposes. The filing option has been provided online as well now which has made the filing at ease. The online filing saves time and makes the paperwork less burdensome. Form 2290 online is an easier way to file tax for heavy highway vehicles for all the above-mentioned purposes. E file 2290 provides for the speedy delivery of stamped Schedule 1. E- Filing has various benefits:

  • Speedy procedure

If form 2290 is applied online, the procedure is quicker than the offline one. The watermarked Schedule 1 would be available in minutes and the user has to no longer wait for it.

  • Hassle free

E-Filing of 2290 is easier as one just needs to follow some simple steps. One has to enter Employer Identification Number (EIN), Vehicle Identification Number (VIN) and gross weight of each vehicle. One should have these three available before filing the form. There is a procedure to calculate the gross weight of each vehicle. After filling all these details, one needs to choose an e-file provider. One can choose any software provider that meets all his needs. Different service providers offer different services and charge differently. You cannot do it yourself so a software provider is most needed.

  • Electronic payment

Another benefit of e-filing is you can pay online for the filing of the form. There are two modes under this. One is Electronic Funds Withdrawal (EFT). Another method is the Electronic Federal Tax Payment System (EFTPS). One can opt for any according to his preference.

2290 online filing is a much easier and smarter way of filing taxes. It not only saves paper but time too. It is recommended to use e-filing as it provides filing options at ease.

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