Form 2290

Definition

Form 2290 is the IRS form used to report and pay the Heavy Vehicle Use Tax (HVUT) on trucks with a taxable gross weight of 55,000 pounds or more. Authorized by 26 USC §4481. Tax period runs July 1 through June 30; returns are due August 31 each year, or by the last day of the month following first use for trucks placed in service after July. Tax ranges from $100 to $550 per truck depending on gross weight. Vehicles operating fewer than 5,000 miles (7,500 for agricultural) are taxable but at zero - file as "suspended." Stamped Schedule 1 is required for IRP plate renewal in nearly every state.