Posted on Aug 27, 2018

K. Y. Tapya CPA

Tax Tip:
Taxpayers filing Form 2290: What’s new this year

Anyone who has registered or is required to register a heavy highway motor vehicle must file Form 2290, Heavy Highway Vehicle Use Tax Return. This applies to vehicles with a gross weight of 55,000 pounds or more. The deadline for filing Form 2290 is Aug. 31.
People who have filed Form 2290 before will notice a couple new things in 2018:

Filers may now use a credit card or debit card to pay the Heavy Highway Vehicle Use Tax.

The Form 2290 has been revised. Filers will now enter the month of first use on the Schedule 1 exactly as it was entered on the Form 2290 in Part I, line 1.
Here are the steps filers should follow once they are ready to file their Form 2290:

Gather information

• Employer identification number. Filers cannot use their Social Security number. Anyone who doesn’t already have an EIN can apply online. It takes the IRS about two weeks to establish a new EIN. Taxpayers should use the same name on their Form 2290 as was assigned to them with their EIN. The name control on Form 2290 must match the EIN.

• Vehicle Identification Number of each vehicle.

• Taxable gross weight of each vehicle. Filers can use the tax computation table on page 2 of Form 2290 to calculate their tax based on each vehicle's taxable gross weight.
Contact Us
Message sent. We'll get back to you soon.