Federal Tax Form 2290 Online

August 22, 2022 1 Min read Views 86 BUSINESS

Federal Tax Form 2290 is used to file the annual tax with IRS on the heavy vehicles that operate on public highways and the taxable gross weight is equalto or more than 55,000 pounds. For vehicles over 75,000 pound, the maximum heavy highway vehicle use tax (HVUT) is $550 per year. Bureau of Motor Vehicles (BMV) requires the proof of payment (Schedule 1) of HVUT each year and the non-compliance leads to penalty. The tax period for HVUT begins on July 1 every year and ends on June 30 the next year.

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