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ExpressTruckTax Blog

Saturday, October 30, 2010

Can I File IRS Form 2290 Without an EIN?

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Unfortunately, the answer is no. The IRS requires ANY taxpayer filing a Form 2290 to use an EIN number when filing. The IRS expressly prohibits the use of social security numbers for the filing of 2290.

We receive many questions from taxpayers who believe they're not a business - simply a driver. In these cases, you still need to have a business such as a sole proprietorship.

To get Employer identification number from the IRS, you can follow one of the following option:

a. Apply Online: The customer can apply for EIN by visiting IRS Online EIN application
b. Apply over the phone: Taxpayers can obtain an EIN immediately by calling the Business & Specialty Tax Line at (800) 829-4933. The hours of operation are 7:00 a.m. - 10:00 p.m. local time, Monday through Friday. An assistor takes the information, assigns the EIN, and provides the number to an authorized individual over the telephone. Note: International applicants must call (215) 516-6999 (Not a toll-free number).
C. Apply Fax: Fax the completed for SS-4 to IRS - State fax number (http://www.irs.gov/file/article/0,,id=111453,00.html). If you provide a return fax number, IRS will send a fax to that number within 4 days with a new EIN.
d. Apply by Mail: This is the slowest way to get the EIN number. mail the completed Form SS-4 to the IRS. The address is listed on the form itself. This could take up to 4 weeks to get the EIN number.

If you need help, call us at 704-234-6005 or visit us at express2290.com
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Monday, October 25, 2010

File 2290 - Month end is here

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Express2290.com is the best solution for filing your Form 2290 (Heavy Truck Use Tax) Always double check the tax information you enter in your 2290 returns.

Few points to keep in mind while e-filing.
* E-file your 2290 returns with Express2290.com
* Review Federal Tax ID# or EIN# [Employer Identification Number]
* Review your Tax Year and Month
* Review your VIN# [Vehicle Identification Number]
* Sign and date your return electronically
* Choose IRS payment option
* Review all the information
* Double check your Business Name
* E-File Your 2290 Return

Choose IRS payment option:
There are several options to pay the HVUT taxes with the IRS.
Direct Debit or EFW: IRS will debit directly from your bank account.
EFTPS: You have to schedule the payment to the IRS by going to EFTPS.gov.
Check/Money Order: IRS also supports Check/Money Order if you have can schedule it in time. We strongly advice our Canadian customers to use this option as EFW option may not work for canadian banks.

Just a reminder, if you choose Direct Debit (EFW) as a payment method, the IRS will not process your return during the weekends, or on federal holidays, but on the next business day.

Review Tax ID Numbers
Carefully check Tax Identification numbers on your return.

Review Your Return
Express 2290.com is a very smart program, it automatically checks for any errors before you transmit your 2290 return to IRS, but its always good to double check everything before you hit the 'Transmit to IRS' button.

We are always available to help if needed. We are one of the few companies which is locally based to offer customer support. Call 704.234.6005
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Friday, October 8, 2010

What Happens If I Forgot to File My Form 2290 to the IRS?

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A 2290 can be filed with the IRS at any time after the deadline has passed but the tax due may be subject to penalties and interest. The penalties for filing late will not be imposed if you can show reasonable cause for not filing on time.

The penalty for failing to file IRS Form 2290 in a timely manner is equal to 4.5 percent of the total tax due, assessed on a monthly basis up to five months. Late filers not making an HVUT payment also face an additional monthly penalty equal to 0.5 percent of total tax due. Additional interest charges of 0.54 percent per month accrue as well.

As you can see, the penalties for failing to file can add up quickly. HVUT for an 80,000 lbs vehicle would typically cost about $550. However, for every month that passes without filing, penalties and interest add more than $30 to the total tax due. If you fail to file for 5 months, the total HVUT tax due to the IRS for that vehicle would be more than $700.

Additionally, many states won't permit the vehicle to be registered without proof of payment for the HVUT. Needless to say, it's important to file your Form 2290 on time!

If you would like more information about heavy vehicle use taxes and penalties and interest, please visit the IRS or DOT websites.
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Tuesday, October 5, 2010

IRS To Stop Mailing Out Tax Forms

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The IRS continues to encourage taxpayers to E-File in order to save time and money!

The IRS has announced that starting next year it will stop mailing out tax forms as an effort to reduce the costs associated with printing and postage. However, the IRS also cites the growing trend of electronically filing as a major reason for the change.

Have you considered E-Filing IRS Form 2290 for your heavy vehicle use taxes (HVUT)? It's fast, convenient, and secure! Stop driving to the "nearest" IRS office miles away. Stop waiting in line or wondering if the IRS received your 2290 you put in the mail. You can electronically file your single-vehicle IRS Form 2290 for just $9.90. Receive your stamped Schedule 1 back in minutes. Electronically file today!

For more information about the new IRS policy, please visit the IRS website at http://www.irs.gov/individuals/article/0,,id=228162,00.html
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Monday, October 4, 2010

How Do We Keep Our 2290 Prices So Low?

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We get asked this question all the time and we love it! We can’t say why the other companies charge so much but we can certainly explain why we keep our prices so low. The short answer is value and customer loyalty.

As a single vehicle owner-operator, we understand how important it is to manage your time and money. We’re here to help. We believe very strongly in solid, long-term customer relationships. Our business model is founded on providing more features and better services for less than the other guys - a lot less. For just $9.90, you can e-file your IRS Form 2290 and still get all the great services and features that we provide to every one of our Express2290 customers.

We believe that this approach helps establish long term customer relationships, repeat business, and customer referrals. We’re in this for the long haul and we hope you are too.

Want proof for yourself? Look at the other E-Filing providers and the services they offer (or don't offer!) Then come check out all of the services you get with Express2290 for just $9.90. You can even try our program for free. Give us a call right here in the Queen City (Charlotte, NC) and experience our USA-based customer support. We dare you to compare. We know you'll be blown away! E-File your single vehicle tax 2290 forms today for just $9.90!
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ExpressTruckTax Blog

E-file your HVUT Form 2290 with ExpressTruckTax.