Why Truck Tax Is Important?

Posted by Etax2290 on December 1st, 2012

Heavy highway use tax is the annual federal tax due on highway motor vehicles operated during a particular revenue year. Vehicles, which fall under this tax are trucks, truck tractors and buses with a taxable gross weight of 55,000 pounds or more and driven over 5000 miles or more on the public highways. Hence, this tax is also called the truck tax. The revenue, which is generated from this tax goes into financing national roadway projects and funding for maintenance of the road and road administration.

The IRS encourages E filing of tax form 2290 as the procedure; is convenient for both taxpayers as well as the revenue Dept. IRS e-filing is the safest, most convenient and fastest way for taxpayers to submit their individual tax returns. The exercise tax can be paid online in a mode of payment which is convenient for the person. The 2290 form is available online in a number of websites. The websites have many tax professionals who guide the customers in filling out the form. The professionals of the website help the customer to understand the tax amount breakdown and clarify any confusing matters. 2290 online is a user friendly online procedure, which guarantees the accuracy of calculation. Moreover, e-filing can be done from anywhere and at any time. In case of any error, in the computation of the tax, there is the option of resubmission and immediate rectification of the form. Online filing of truck tax allows filers to receive their Stamped Schedule 1 within minutes of submission. This means that there is no requirement to mail documents and cheques to the IRS. Electronic filing is mandatory for tax payers with 25, or more vehicles.

Truck tax can be used to figure out and pay taxes due on a vehicle that was previously considered “suspended” on a previous 2290 Form.  It is mandatory for all truck owners and also truck operators to file the heavy highway use tax – HVUT or truck tax  on an annual basis, and have access to the Schedule-1 and local Department of Motor Vehicles permit in order to legally operate their vehicles. The various websites, which provide services of submission of 2290 online of truck tax, also extends exceptional pricing for tax professionals to the clients. There is also the option for fleet owners as clients who to submit using bulk filing when interested in involving in a long term e-filing business venture.

Author bio:

ETAX 2290 is the IRS authorized efile provider for form 2290 truck tax otherwise referred to as heavy vehicle use tax (HVUT) return. They offer online filing for the 2290 form for all truck owner/operators. HVUT (Heavy Vehicle Use Tax) provides various benefits including user friendly software, reducing paper usage and saves the environment, easy accessibility of data, easy rectification and resubmission. E-filing can be done from anywhere at any time with the help of efile form 2290.