Who Must File Form 2290?

Posted by Author | Posted in IRS 2290 | Posted on 13-03-2014-05-2008


IRS determined rules and instructions for truck operators reporting 25 or more vehicles must file form 2290 electronically during the tax period. They are also encouraged to file IRS 2290 electronically regardless of the number of vehicles being reported. They are advised to file form 2290 electronically through an IRS certified partner and service-provider participating in the IRS e-file program for excise taxes. Once the return is accepted, the stamped schedule 1 will be available within minutes. Most IRS certified service providers send messages to mobile phones and e-mail. 

IRS 2290 excise tax is applicable for registered taxable highway motor vehicle or required to be registered under a name under state, District of Columbia, Canadian, or Mexican law at the time of its first use during the period and weighing gross 55,000 pounds or more.

An individual, limited liability company (LLC), corporation, partnership, or any other type of organization (including nonprofit, Charitable, educational, etc.) are all covered under IRS Form 2290 and must file compulsorily the form 2290 towards excise tax.

IRS 2290 excise tax is mandatory for qualified subchapter S subsidiaries (QSubs) which are domestic corporation which is not an ineligible corporation-the IRS law states if-

1)      100 % of the stock of such corporation is held by the S corporation.

2)      The s corporation elects to treat such corporation as a qualified sub-chapter subsidiary.

3)      Eligible single owner disregarded entities

QSubs and eligible single-owner disregarded entities must pay and report IRS Form 2290 excise taxes, register for excise tax activities, and claim any refunds, credits, and payments under the entity’s employer identification number (EIN). These actions cannot take place under the owner’s taxpayer identification number (TIN).So one must get the EIN by calling IRS.


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