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Tuesday, May 13, 2014

Understanding IRS Form 2290 Reasons for Rejection

It's TruckerTuesday, and I hope you've got your ears on for some important information regarding your 2290 HVUT.  IF you don't know what a 2290 HVUT is, let me fill you in...

Form 2290 Heavy Vehicle Use Tax, is required to be filed by the IRS if you operate a truck or other vehicle categorized as a heavy highway motor vehicle on public highways. When you e-file Form 2290 with ExpressTruckTax.com your receive a Stamped Schedule 1, which serves as your proof of payment (or proof of filing if tax is not applicable) and needed at the DMV to register your tags. A copy of your Stamped Schedule 1 should be kept in your cab with all your other required documents just in case, especially with the big Road Check 2014 coming up June 3-5. 



One of the best ways to avoid having your 2290 rejected by the IRS is to know the most common reasons for rejection:

Mismatch of EIN with Business Name
This particular rejection can have two meanings:

     1. The EIN that you entered does not match what information the IRS has on record. You can always call the IRS Excise Hotline at 1-866-699-4096 to find out what information the IRS has in their system.
     2. If your EIN is brand new, it takes - on average - 10 business days for the EIN to register in the IRS system for you to e-file. So if you try to e-file your 2290 the same day you receive your EIN, it will be rejected and the reason will be the "EIN does not match business name". When your EIN is registered in the IRS system you can simply re-transmit your 2290 return (for free) and it should be accepted as long as there are no other errors.
Routing Transit Number (RTN) Rejection
If you choose to pay your 2290 excise tax (if any) using the Electronic Funds Withdrawal (EFW) option, a bank routing number is required. If you enter the wrong information for your routing number your 2290 will be rejected. You can correct the routing and re-transmit to the IRS and should receive confirmation of acceptance in only a few minutes.
 - Please Note: If you enter the incorrect routing number or bank account number and the return is accepted, you will need to contact the IRS to resolve the issue. So it is best to double check your numbers before transmitting to the IRS. 

Duplicate Filing of IRS 2290
Your 2290 can only be accepted by the IRS one time. If you receive this particular rejection, it means your 2290 has already been filed and confirmed by the IRS.

To avoid receiving a rejection notice, make sure your EIN and business name are correct and double check your banking information. If you do not have an EIN, you can easily apply for one on the IRS website. It is best to get one now so your EIN will be registered in the IRS filing system long before the 2290 deadline.

You can always re-transmit your rejected form. All that is needed is to follow the following video




Check out the next blog in our Understanding IRS Form 2290 Reasons for Rejection Series

IRS Form 2290 Reasons for Rejection: Name Control

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E-file your HVUT Form 2290 with ExpressTruckTax.