Form 2290
Forms

Form 2290: Heavy Highway Vehicle Use Tax Return

Form 2290 is an IRS form required for the tax payment of highway motor vehicles with a taxable gross weight of 55,000 pounds or more. It can also be used to report and pay tax for suspension of the tax, an increase in taxable gross weight, and claims for tax credits.

What is Form 2290?

Form 2290 is a document used to figure and pay the tax due on highway motor vehicles used with a taxable gross weight of 55,000 pounds or more. This form can also be used to claim suspension from the tax – when the vehicle will be used 5,000 miles or less (7,500 miles or less for agricultural vehicles) – or claim a credit for tax paid on vehicles that were destroyed, stolen, sold, or used 5,000 miles or less (7,500 miles or less for agricultural vehicles). Additionally, Form 2290 must be filed by individuals, limited liability companies, corporations, and partnerships if a vehicle with taxable gross weight of 55,000 pounds or more is registered or required to be registered in anyone’s name under state, District of Columbia, Canadian, or Mexican law.

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IRS Form 2290 – Who Needs to Fill It Out?

Form 2290, also known as the “Heavy Highway Vehicle Use Tax Return,” is required to be filled out by individuals, LLCs, corporations, partnerships, nonprofits, and any other type of organization. This form is used to figure and pay the tax due on highway motor vehicles with a taxable gross weight of 55,000 pounds or more, including vehicles requiring a suspension statement under certain circumstances. The form must also be used to claim suspension of tax, claim credit for vehicles destroyed, stolen, sold, or used fewer than 5,000 miles, report acquisition of a used taxable vehicle, and file a schedule of vehicles registered. Payment of the tax is required in order to register vehicle(s) in any state, unless specifically exempted.

Step-by-Step: Form 2290 Instructions For Filling Out the Document

Form 2290 is a key document for filing the tax due on highway motor vehicles used during a period with a taxable gross weight of over 55,000 pounds. There are multiple steps to follow to properly complete the document which include figuring and paying the tax due, filing a suspension statement, claiming a credit for tax paid, reporting a used taxable vehicle, and using Schedule 1 with your payment. People filing Form 2290 must have their vehicle registered in their name in order to be liable for the tax. Certain forms of logging vehicles can also qualify for a reduced tax rate. Businesses of all sizes, from individuals to large organizations, are eligible to submit Form 2290. Employer Identification Numbers (EIN) will be required for Qualified Subchapter S subsidiaries (QSubs) and eligible single-owner disregarded entities, as well as any dealers who operate under a permit or license.

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Below, we present a table that will help you understand how to fill out Form 2290.

Information Required for Form 2290 Details
Taxable Gross Weight Over 55,000 pounds
Steps to Complete Form 2290
  • Figuring and paying the tax due
  • Filing a suspension statement
  • Claiming a credit for tax paid
  • Reporting a used taxable vehicle
  • Using Schedule 1 with your payment
Vehicle Registration Must be in the filer’s name
Reduced Tax Rate Eligibility Certain logging vehicles
Eligible Filers
  • Individuals
  • Large organizations
Required EIN
  • Qualified Subchapter S subsidiaries (QSubs)
  • Eligible single-owner disregarded entities
  • Dealers operating under a permit or license
See also:  Form 843: Claim for Refund and Request for Abatement

Do You Need to File Form 2290 Each Year?

You need to file Form 2290 each year if you have a highway motor vehicle with a taxable gross weight of 55,000 pounds or more registered in your name under state, District of Columbia, Canadian or Mexican law at the time it is first used during the tax period. This may include trucks, truck tractors, buses, and other self-propelled vehicles designed to carry a load over public highways. Depending on the type of vehicle, the tax due can vary, and you may be able to file certain credits, such as for vehicles that were destroyed, stolen, sold, or used 5,000 miles or less. When filing, you will need to provide proof of payment to register your vehicle in the relevant state, and if paying by check or money order, include a Form 2290-V Payment Voucher to credit the payment to your account.

Download the official IRS Form 2290 PDF

On the official IRS website, you will find a link to download Form 2290. However, to make it easier for you, we are providing the link in our article, which comes directly from the official irs.gov website! Click to download: Form 2290

Sources:

https://www.irs.gov/forms-pubs/about-form-2290

https://www.irs.gov/instructions/i2290

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