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Showing posts from March, 2021

IRS Form 2290 Deadline is on March 31, 2021 for 2020-21 tax period, If your First Used Month is February 2021

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If you put a truck on the road in  February 2021, you will need to file your Form 2290 before midnight on March 31, 2021. Every owner of a highway motor vehicle weighing 55,000 pounds or more must have a current Stamped Schedule 1 (proof of Heavy Vehicle Use Tax payment) in order to remain compliant. What is IRS Form 2290?  The IRS Form 2290 is used to calculate and pay yearly heavy vehicle use taxes (HVUT) for the operation of highway motor vehicles weighing 55,000 pounds or more on public highways. If a vehicle is driven less than 5,000 miles (7,500 for agricultural vehicles) in a given tax year, the owner must still file a Form 2290 but is not required to pay HVUT.   When is Deadline for Filing Form 2290? If you put a new truck on the road during a given tax year, your Form 2290 deadline is based on the vehicle's month of first use. In this case, yo