The deadline generally applies to IRS Form 2290 and the accompanying tax payment for the tax year that begins on July 1, 2017, and ends on June 30, 2018. Returns must be filed and tax payments made by August 31 for vehicles used on the road during July. For vehicles first used after July, the deadline is the last day of the month following the month of first use.
Some taxpayers have the option of filing Form 2290 on paper. However, the IRS is encouraging taxpayers to file (and pay any tax due) electronically. If your business has 25 or more vehicles, you must e-file. (Tax-suspended vehicles don't count toward the 25-or-more taxed vehicle threshold.)
The highway use tax generally applies to trucks, truck tractors and buses with a gross taxable weight of 55,000 pounds or more. Ordinarily, vans, pick-ups and panel trucks aren't taxable because they fall below the 55,000-pound threshold.
The tax of up to $550 per vehicle is based on weight. Keep in mind that a variety of special rules apply to some vehicles, such as those with minimal road use.
If you have questions about filing this form, or you want to know whether your business falls under the rules, contact your tax advisor ASAP.