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How to Pre-file Form 2290?

Every person is responsible for filing taxes they are liable for. If you are in the truck business, you need to be aware of form 2290, which is the tax form required to file the Heavy Vehicle Use Tax (HVUT).

If you own a heavy highway vehicle with a taxable gross weight of 55,000 pounds or more, you must file form 2290 and pay the HVUT return. The IRS form 2290 must be paid annually before 31st August of every year. The tax period for form 2290 begins from 1st July and extends till 30th June of the following year.

Pre-filing Form 2290

You can also pre-file the IRS form 2290 to avoid the last-minute rush. In some scenarios, the IRS might reject your form, and you will miss the due date. Pre-filing gives you enough time to make corrections to your 2290 form and refile in case of IRS rejections.

Pre-filing form 2290 for the tax period 2022-2023 will begin from 1st May 2022.

Benefits of Pre-filing

There are several advantages when you pre-file form 2290. Let’s take a look at them.

  • Pre-filing your form 2290 will help avoid the rush during the peak season of filing.
  • Early taxpayers don’t have to pay any penalties and avoid the late-filing charges imposed by the IRS.
  • You will be the first to receive the stamped Schedule 1 before anyone else when you pre-file.
  • If your form 2290 gets rejected by the IRS due to errors, you will have enough time to make corrections and resubmit the form without incurring penalties.
  • Pre-filing provides ample time to cross-verify all the details, clarify doubts, and review the information before submission.
  • The IRS servers experience technical issues during the peak season of tax filing, which can cause delays. Pre-filing helps you steer clear of any such situations and file with ease.
  • Pre-filing gives you enough time to plan the tax procedure ahead and collect the information necessary for e-filing.

Pre-filing Checklist: Things to Keep in Mind

We list down some of the tips that you should consider while pre-filing form 2290.

  • Gather all the relevant information: Have all the relevant information and details required for pre-filing at your disposal. Some of the important pieces of information include Employee Identification Number (EIN), Vehicle Identification Number (VIN), taxable gross weight, and first use month.
  • Mode of filing the form: E-filing is one of the fastest and simplest tax filing methods. Once you have all the necessary details, e-filing allows you to file form 2290 in a few simple steps and receive your stamped Schedule 1 copy within minutes.

Whereas with paper-filing, it will take up to 6 weeks to receive your IRS stamped Schedule 1 copy.

  • Payment options: There are different modes of payment available when you e-file with an IRS authorized e-file service provider. You can make a payment through debit/credit card, Electronic Fund Withdrawal (EFW), Electronic Federal Tax Payment System (EFTPS), or check/money order.
  • Use an IRS authorized e-file service provider: When you file your form 2290 online, you must use an e-file service provider authorized by the IRS. Several e-file providers also offer value-added services such as free refiling and VIN correction to make your filing experience easy and convenient.

It is crucial that you file your form 2290 before the deadline to avoid any penalties by the IRS. Pre-filing ensures that you steer clear of any late-filing penalties and helps you avoid the late-filing stress.

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