HVUT (Heavy Vehicle Use Tax) is the yearly federal tax collected on heavy vehicles with a taxable gross weight of the qualified vehicle must be 55,000 pounds or more operating on the public highways.
If a business is registered with a taxable highway motor vehicle with a gross weight of 55,000 pounds or more and it drives the vehicle above 5000 miles of mileage during its first use of the tax period, then the business is required to file Form 2290 to pay the HVUT tax.
A business files a vehicle as Tax-Suspended vehicle and pays no tax if it drives the vehicle less than 5000 miles of mileage for a tax period.
For a new vehicle, file 2290 by the last day of the month following the month of your vehicle’s first use. For example, if you get your new vehicle in November, you are expected to pay by the end of December.
Annual tax period for Heavy Vehicles begins on July 1st and ends on June 30th of next year. The Annual renewal of Form 2290 for a new tax period is due by August 31st of each year.
You can file Form 2290 electronically or by paper to the IRS.
Paper: Mail the physical Form 2290 to the below address, If not filed electronically
Mail the Form 2290 to: Form 2290 with full payment:Internal Revenue Service,
Form 2290 without payment due or using EFTPS:Internal Revenue Service,
If you fail to file Form 2290 to the IRS by 31st of August, you have to pay a penalty of 4.5 percent of total tax due amount up to 5 months calculated on a monthly basis.