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There are certain rules and regulations which you are supposed to follow while filing the IRS form 2290. You are supposed to file the form 2290 online which is very compulsory as per the instructions of the US government. Through e-tax 2290 online you can now fill the online form of IRS schedule 1 copy. But please note that you have to submit both the copies of schedule 1 online. And in return, you will get the second copy of IRS schedule 1 with a watermark. The copy which you will receive online will be your proof of payment.

Proof of Payment 

So, you have to keep the document safe. Apart from this if you don’t have the original copy at the time of submission, and then you can submit the photocopy of schedule 1. 2290 form– Schedule 1 is the proof of payment for the Heavy Vehicle Use Tax (HVUT) that Truckers pay to the IRS. An IRS stamped Schedule 1 is required for tags and vehicle registration at the Department of Motor Vehicle (DMV). When you perform the Form 2290 e-file through the IRS approved e-file vendor then the Schedule-1 is received with the digital watermark within minutes. The trucker can take a print out of theIRS Schedule-1 Copy and present it to the DMV and get their vehicle tag renewed.

Schedule 1 Can Also be used for the Following

You can use the schedule 1 for the following actions like o report all vehicles for which you are reporting tax (including an increase in taxable gross weight) and those that you are reporting suspension of the tax by category and vehicle identification number (VIN)as proof of payment to register your vehicle(s) (unless specifically exempted) in any state.

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Use the copy of the IRS form 2290 Schedule 1 stamped and returned to you by the IRS for this purpose.

Form 2290 Instructions

You can also use the schedule 1 Copy form 2290 online for the following –

• Figure and pay the tax due on highway motor vehicles used during the period with a taxable gross weight of 55,000 pounds or more;
• Figure and pay the tax due on a vehicle for which you completed the suspension statement on another Form 2290 tax if that vehicle later exceeded the mileage use limit during the period;
• Figure and pay the tax due if, during the period, the taxable gross weight of a vehicle increases and the vehicle falls into a new category;
• Claim suspension from the tax when a vehicle is expected to be used 5,000 miles or less (7,500 miles or less for agricultural vehicles) during the period;
• Claim a credit for tax paid on vehicles that were destroyed, stolen, sold, or used 5,000 miles or less (7,500 miles or less for agricultural vehicles);
• Report acquisition of a used taxable vehicle for which the tax has been suspended;
• Figure and pay the tax due on a used taxable vehicle acquired and used during the period.

Final Words

Following the instructions above is very important when you to file form 2290 online. And there are many e-file vendors whom you can choose.