The Heavy Vehicle Use Tax (HVUT), or Form 2290 is an annual Federal Excise tax that is enforced on heavy vehicles (equal to or exceeding 55,000 pounds) that operate on public highways. Transportation companies are held liable for filing an HVUT on an annual basis and include individual truckers or owner/operators, LLCs, corporations, partnerships, etc. Unlike many of the state and federal government taxes, this tax must be paid on the upcoming year, not the previous year. It is essential that businesses file their HVUT forms correctly and on time to avoid paying penalties, interests, and IRS audits.
What is the Purpose of a HVUT/2290 Form?
Companies are typically required to fill out a HVUT/2290 form for the following reasons:
How much is the tax?
The tax is calculated based on gross vehicle weight, so the bigger the truck, then the greater the tax on the vehicle will be. Logging vehicles are eligible for a reduced rate if:
Who is Exempt?
Some vehicles and groups are exempt from the HVUT, but may still have to file a tax form with the IRS or notify the Department of Motor Vehicles (DMV) of their exempt claim status. Organizations that are exempt include:
DISA's Transportation Compliance team can ensure you only file HVUT/Form 2290 Tax Renewal forms when required, and claim credits or tax suspensions whenever applicable.