IRS Form 2290 Filing Instructions - PowerPoint PPT Presentation

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IRS Form 2290 Filing Instructions

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We break down the form 2290 filing instructions for you to ensure that you are not penalised by the IRS. – PowerPoint PPT presentation

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Title: IRS Form 2290 Filing Instructions


1
IRS Form 2290 Filing Instructions
We break down the form 2290 filing instructions
for you to ensure that you are not penalised by
the IRS.
A Guide by eForm2290.com
2
IRS 2290 Form Instructions For Filing
You can file your IRS 2290 form with an e-file
provider with IRS authorization before the due
date to stay away from IRS penalties. The IRS
considers it extremely important that all heavy
vehicle owners pay their HVUT returns on time.
Hence, anyone who owns and uses a heavy vehicle
should file form 2290 before the due date. There
are serious penalties if you ignore filing your
IRS form deadline.
3
Who Should File Form 2290? You need to file your
IRS 2290 form if your heavy vehicle weighs 55,000
pounds or more. In case you have been using your
heavy vehicle for agricultural purposes, your
mileage limit will change from 5,000 miles to
7,500 miles. You can file your form 2290 online
with an e-file service provider. The other method
to file your IRS 2290 form is by booking an
appointment with the nearest IRS office. You then
need to be present on the day of the appointment
to file your form. When you file manually, it
takes about 6 weeks for you to obtain your IRS
Schedule 1 copy. However, if you choose to file
it online, then the IRS Schedule 1 copy will be
available within minutes of filing.
4
Information Required to File Online
  • To file your form 2290 online, you must have the
    following information with you.
  • Business name and address
  • ZIP code
  • City, state and country
  • Employee Identification Number (EIN)
  • Name, title and contact number of the signing
    authority
  • PIN
  • First Used Month
  • Vehicle type
  • Vehicle Identification Number (VIN)
  • Tax amount

5
Due Date to File IRS 2290 Form To stay away from
IRS penalties, you should ensure that you file
your form 2290 before the due date, which is the
31st of August. The tax period for IRS 2290 form
filing starts from the 1st of July and will
extend till the 30th of June of the following
year. If you have only recently started to use
your vehicle, then your due date will be
different. For newly purchased vehicles, the due
date is the last day of the month following the
month of first use. According to IRS 2290 form
instructions, if you started using your vehicle
on the 22nd of November, the IRS 2290 due date
will be on the 31st of December.
6
If your due date falls on a holiday or a
weekend, then the due date is the next working
business day. The IRS will notify you if you miss
the due date to file your IRS 2290 form. However,
if you do not file your form within the deadline,
then you will have to pay heavy penalties to the
IRS. In Conclusion Filing your form 2290 is an
important part of staying compliant with the IRS
as a truck owner. You can either opt to e-file or
paper-file. However, the IRS encourages truckers
to e-file as you will receive your Schedule 1
within minutes. We hope the above information was
helpful to you in learning about the basics of
filing your form 2290. For more instruction on
form 2290 filing, visit eForm2290.com/instructions
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