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The federal government enforces excise tax, Heavy Vehicle Used Tax(HVUT) for the heavy vehicle owners who uses public highways for transportation with a vehicle’s gross weight of 55,000 pounds or more. The collected HVUT Returns are distributed among the states to assist in highway construction and maintenance. In order to complete the tax returns for a year, the heavy vehicle owners need to file Form 2290 and the IRS issues the Stamped Schedule 1 when the filing is successful as a proof of payment.
Every truck owner is responsible to file Form 2290 before the due date for the betterment of the nation and also for themselves. The Stamped Schedule 1 issued by the IRS as the proof of payment for the IRS 2290 Form is inevitable to stay in roads.
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