The most important due date for filing Form 2290 that truckers should know as we approach the 2024 tax year is fast approaching IRS mandated deadline for HVUT Tax Return Filing is met by filling this form which reports Heavy Vehicle Use Tax (HVUT) paid by truck owners or operators . If a vehicle is first used on a public highway during any month of the current tax period, then its due date will be last day of the month immediately succeeding after such first use month. Typically August 31st marks completion of annual filings for most truckers who otherwise face substantial penalties and interest charges upon missing this deadline. It is, therefore, important to mark your calendar and plan in advance.

Preparing to submit Form 2290 involves gathering some critical details such as Employer Identification Number (EIN), Vehicle Identification Number (VIN) and taxable gross weight for each vehicle. Starting early with the process can be very helpful in avoiding last minute problems. Truckers should also consider using electronic filing (e-filing) services, which provide a faster and more efficient way to submit the form and receive immediate confirmation from the IRS. Even though, E-file is required by the agency when there are 25 or more vehicles owned.

Besides meeting the deadline set for filing this document, truck drivers need to know how they will make HVUT payments. You can pay through Electronic Federal Tax Payment System (EFTPS), credit/debit cards or cheque/money order . Paying on time is very crucial to avoid any late payment penalty fees. By being aware of the due date for 2024 Form 2290 ahead of time and planning for it in advance, you can ensure that your business remains compliant with IRS regulations without any financial hitches.

Note: For more information, visit IRS website