Failure to submit and pay your 2290 tax form in a timely manner can lead to financial penalties imposed by the IRS. Unfortunately, because we’re talking taxes here, when you have to submit or suspend 2290 forms can sometimes get complicated. Here’s a quick breakdown of important dates you need to know.
The 2290 tax year runs from July 1st of one year to June 30th of the next.
Any heavy highway vehicles used on a public highway in the month of July must have a 2290 tax form submitted and paid between the dates of July 1st and August 31st of the same year.
That’s simple enough, but most fleets don’t just add new trucks in July. They add and remove trucks throughout the year. If you place a new truck on the road in a month other than June, you are liable for all 2290 taxes prorated from the first month the truck was in service. You have to file a 2290 for the new truck by the last day of the month following the first month the truck was in service on a public highway.
Put in writing, that sounds a little confusing. The following table gives you a schedule for paying 2290 taxes throughout the year.
| Vehicle first used in the month of: | Taxes must be filed by: |
| July | August 31st |
| August | September 30th |
| September | October 31st |
| October | November 30th |
| November | December 31st |
| January | February 28th |
| February | March 31st |
| March | April 30th |
| April | May 31st |
| May | June 30th |
| June | July 31st |
You must file and pay your 2290 tax form by these dates even if they differ from the deadline for state registration. Due dates also apply when reporting the suspension of a truck from highway use.
As we said, failure to meet these important dates can result in penalties from the IRS and delays in receiving your Stamped Schedule 1. E-filing allows you to quickly and efficiently update your fleet’s highway status, file your 2290s, and pay taxes without missing deadlines.
Resources
https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/When-Form-2290-Taxes-are-Due