October 28, 2024
October 28, 2024
Explore how electric trucks are transforming the transportation industry with cleaner technology, while also navigating the financial and regulatory challenges, including the impact on IRS Form 2290 filings.
August 29, 2024
Canadian carriers operating into the United States have a huge list of to-do items to comply with. Border crossing and motor carrier safety requirements are likely at the very top of this list. But you'll have to remember to address one more item this time of the year: the U.S. heavy vehicle use tax (HVUT).
August 9, 2024
Most of us have no trouble remembering to file our personal income taxes. The similarities under the Heavy Vehicle Use Tax (HVUT) program may help us remember those as well. While there are slight differences between the programs, the similarities prevail.
July 9, 2024
What are HVUT/2290 funds used for? Well, when the stakes are high, noncompliance can be costly. Learn more about where filing funds are allocated after you receive your stamped Schedule 1.
March 5, 2024
Form 2290 can be complex, but understanding the key numbers involved is essential. From the weight threshold that triggers the tax to the data needed to file, these seven numbers hold the key to compliance for the heavy vehicle use tax (HVUT).
February 8, 2024
As Valentine's Day approaches, fleet managers have a unique opportunity to show appreciation and "love" to their drivers. Recognizing the hard work and dedication of drivers not only boosts morale but also fosters a positive work environment. Here are some tips for fleet managers to show love to their drivers.
January 5, 2024
Staying compliant with HVUT requirements is not limited to the annual filing period. Be sure to understand the deadlines, then file and pay your Form 2290 taxes on time to avoid paying interest and penalties.
July 19, 2023
You’ve determined that one or more of your vehicles is subject to the heavy vehicle use tax (HVUT). Now what? Before you start the filing process, make sure you have everything you need to accurately complete and submit your Form 2290.
June 29, 2023
Are you new to the role of filing Form 2290 heavy vehicle use taxes for your company? Or maybe recent changes to your operations might change your filing? Filing heavy vehicle use taxes with Form 2290 can be complicated, and mistakes can be costly. J.J. Keller’s new 2290online.com appointment scheduling service can help you get it right the first time.
June 29, 2023
With the summer heat also comes the time to file your Form 2290 Heavy Vehicle Use Tax. If your company has trucks and/or buses used on the highway with a taxable gross weight of 55,000 pounds or more and are registered in the U.S., Canada or Mexico, you’re required to pay the tax.
February 1, 2022
Proof that you paid the HVUT is required to register your vehicle in any jurisdiction, both initially and at renewal time. Your proof of payment is a stamped Schedule 1 of Form 2290 that the IRS returns to you after you pay the tax on the vehicle.
July 20, 2021
Mistakes can happen. Perhaps your company didn’t realize it operates vehicles that are subject to the Heavy Vehicle Use Tax (HVUT), or you lost track of time and didn’t file Form 2290 by the required deadline. While the Internal Revenue Service (IRS) won’t forgive the tax due, it is important to understand what penalties and interest may be assessed against your company for late filing. You may also be granted an extension in certain circumstances.
July 13, 2021
Recordkeeping is an important part of any company’s operation and is often required as a part of doing business. Recordkeeping requirements under the Heavy Vehicle Use Tax (HVUT) are no exception. The Internal Revenue Service (IRS) requires motor carriers to retain certain documents as part of the Form 2290 filing.
July 6, 2021
As part of filing your Form 2290 Heavy Vehicle Use Tax (HVUT) return, a Schedule 1 must be submitted to the Internal Revenue Service (IRS). While it might not be complicated, the Form 2290 Schedule 1 is a very important part of the HVUT filing.
June 30, 2021
The dog days of summer are a reminder that it’s time to file your Form 2290 heavy vehicle use tax (HVUT) for the upcoming tax year. The HVUT applies to trucks and buses used on the highway with a taxable gross weight of 55,000 pounds or more. Any vehicles registered in the U.S., Canada, and Mexico are subject to the tax.
August 11, 2021
Many of you know you can claim a tax suspension from the federal heavy vehicle use tax (HVUT) if you expect taxable vehicles to operate 5,000 miles or fewer during the tax year. But what are your options regarding the suspension if you purchase a taxable vehicle and the previous owner had claimed a tax suspension? The answer may surprise you.
January 14, 2021
The 2290 tax period runs from July 1 through June 30, and the tax must be filed with the Internal Revenue Service (IRS) annually by August 31. There will be times, however, that your operations may require you to file an additional or amended return. Outlined below are some of the more common reasons you may need to file the HVUT Form 2290 more than once per year.
January 14, 2021
The United States federal heavy vehicle use tax (HVUT) must be filed by motor carriers operating vehicles that have a taxable gross weight of 55,000 pounds or more. To register, Form 2290 must be submitted to the Internal Revenue Service (IRS). Following the five steps below can make quick work of filing your returns.
January 14, 2021
On the operations-side of running a motor carrier, making sure you file the appropriate taxes on your vehicles is key to keeping your fleet in compliance. One of those taxes is the United States federal heavy vehicle use tax (HVUT). The tax year for the HVUT runs from July 1 through June 30. Generally, taxes due must be filed with the Internal Revenue Service (IRS) each year by August 31.