2021-2022 FHVUT 2290 Renewals Begin Today!
July 01, 2021
Once again, it’s time to begin filing 2021-2022 FHVUT 2290 renewals (Federal Heavy Vehicle Use Tax). The Heavy Vehicle Use Tax (HVUT), or Form 2290, is an annual Federal Excise tax 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 annually and include individual truckers or owner/operators, LLCs, corporations, partnerships, etc. Unlike many 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. For vehicles in service during July 2021, renewals are due by August 31, 2021.