Tips For Owner-Operator To e-File IRS Tax 2290 Forms

By Gabe Dacian Last updated Mar 23, 2024

Trucking business contributes significantly to the American economy. If you are planning to start a profitable business in the trucking industry, you need to keep track of a number of things, one of the most important being filing the form 2290 tax form.

As an owner-operator who shuttle back and forth between operating a truck and running a business, it is safe to assume that you already have a lot on your plate to take care of. Our e-filing tips ensure that you have one less thing to worry about – staying compliant.

Here are some of the tips for e–filing your 2290 form:

Always e-file your 2290 form with an IRS approved e-filing service provider. They are the safest, easiest and the fastest way to file and pay your HVUT return.
Although you can manually file your IRS form 2290, the IRS has made it mandatory to e-file them online. Many service providers offer bulk data upload that allows you to file multiple returns at once, which makes filing taxes significantly easier.

While e-filing, make sure that you are entering the same business name and address as mentioned on the EIN form you submitted. If your details don’t match your form could get rejected.

Keep a track of your mileage displayed on the odometer of your vehicle. If your vehicle has not crossed the 5,000 miles limit (7,500 in case of agricultural vehicles), you do not need to pay your HVUT tax. But you do need to file a form 2290 to report to the IRS that your vehicle is tax suspended.

Always file your taxes on time, without skipping the form 2290 due date. The IRS imposes hefty penalties on those who fail to file their form 2290 and pay their HVUT tax on time.

Owner-operators often cope with busy work schedules and struggle to make life on the road smoother. But no matter how busy you are, always ensure that you e-file your form 2290 on time to avoid unnecessary penalties and stay compliant.