The last date for filing 2290 form for 2022-23 is here. Hurry up before the deadline ends.
If you’ve been following this space, you would know that the IRS Form 2290 is due by the end of this August for the 2022-23 tax period.
If you own a highway motor vehicle weighing 55,000 pounds or more, then it qualifies for the 2290 HVUT tax regime.
Factors, such as the taxable gross weight of the vehicle, month of first use, vehicle category, and the mileage use limit are considered when computing the 2290 HVUT tax.
If you haven’t prepared your 2290 forms yet (start preparing them now by signing up with us here) and looking for a quick and easy way to get information and file your 2290 returns online, you’ve come to the right space.
If you’re a trucking business, owner-operator, small trucking company, or fleet owner, you need to file a 2290 return with the IRS.
You need to file a 2290 form for highway motor vehicles if the gross taxable weight of the vehicles is 55,000 pounds or more.
Regardless of the mileage use limit of the vehicle (which is 5,000 miles for regular vehicles and 7,500 miles for agricultural vehicles), the vehicle owner must file a 2290 form.
What to report on Form 2290?
The legal name of the business or DBA (Doing Business As) name
EIN (Employer Identification Number)
The taxable gross weight of the vehicle
Vehicle identification number
The month of first use
Mileage use limit (5,000 miles for regular vehicles and 7,500 miles for agricultural vehicles)
Logging status of the vehicle
Suspension status of the vehicle
Total number of vehicles
What is the filing date for HVUT 2290 Form for 2022-2023?
The IRS 2290 form is due by August 31, 2022, for the 2022-2023 tax period.
When is Form 2290 due?
If you’ve already filed your 2290 forms for this period (good job), then follow the filing cycles below to prepare and file your 2290 forms before the IRS HVUT 2290 deadline for your future 2290 forms.
Similarly, if your 2290 forms are still due, use this 2290 HVUT filing deadline table to understand the filing deadlines per the month of first use.
If The Vehicle Was First Used During
File Form 2290 & Pay HVUT Tax By
August 31, 2022
September 30, 2022
October 31, 2022
November 30, 2022
January 3, 2023
January 31, 2023
February 28, 2023
March 31, 2023
May 01, 2023
May 31, 2023
June 30, 2023
Penalties for late filing 2290 forms
If you fail to file your HVUT Form 2290 on or by the deadline, the IRS considers the conduct as negligence and penalizes your trucking business.
The 2290 late filing penalty is currently 4.5% of the total tax you owe to the IRS. The penalty will continue to increase for up to 5 months until it’s paid off completely.
The “failure to file” penalties are usually more taxing than “failure to pay” penalties. If you fail to pay your HVUT 2290 tax, 0.5% of your total tax amount is calculated as penalties.
It’s just easier to file your 2290 returns than to deal with these complex and very taxing penalties.
eFile 2290 Now. Today’s The LAST DATE!
Today is August 31, 2022 – the last date to eFile your 2290 returns for 2022-23.
And if you’re reading this, it means that your 2290 forms could still be pending.
Don’t wait until the last minute.
eFile your 2290 forms today and prevent receiving “failure to file” notices from the IRS.
EZ2290, Powered by Zenwork, Inc., is an IRS-Approved eFile provider for Form 2290 filings. This blog provides informative articles on Form 2290 compliance, expert tips, insights, engaging stories related to truck drivers and trucking regulations.