Archive

Archive for the ‘2290 filing delay’ Category

IRS 2290 Form filing Delays for tax year 2011-2012

August 24th, 2011
No comments
An annual tax on the use of heavy highway vehicles is imposed in Section 4481 of the Internal Revenue Code. The IRS uses Form 2290 to report this tax. The Internal Revenue Service has stated that the law governing taxes imposed on the use of heavy highway vehicles (Form 2290)
will expire on September 30, 2011. The IRS Form 2290 for the new tax year beginning July 1, 2011 is not available at this time and has not yet been published by the IRS for the new tax period. Due to the current situation, you can most likely expect a delay in the filing period for heavy vehicle use tax form 2290. It is also very likely that we may also expect to see changes in the new Form 2290 when it is published.  This is based on the fact that the Heavy Vehicle Use Tax Schedule 1 for previous tax periods has typically changed slightly from year to year.

Although the 2290 form is not yet ready, you can still get your vehicle tags for the tax period beginning July 1, 2011. Existing regulations allow states to register heavy highway vehicles when the registration application is received during the months of July, August, or September. A Schedule 1 for the previous year (July 2010 – June 2011) then state offices can accept it as a proof of payment.

You can also get your newly acquired heavy highway vehicles registered by the state without having a proof of tax payment. If you present an original or a photocopy of the bill of sale showing that the vehicle was acquired during the 60 days preceding the date that the state receives the application for registration.

Taxpayers should be aware that the IRS strictly discourages sending any old/previous form or payment to the IRS in order to file HVUT for new tax period (2011-2012). If the older form is sent to the IRS, the payment will be applied towards the tax account and a Schedule 1 will not be issued. However, they will send a notice to send a new form when it becomes available.

We will keep you updated on the latest changes as we get them from the IRS.  In the meantime, if you have already filed a 2290 return for the tax year 2010-2011, then you should contact the IRS at 866-699-4096 to get a copy of your Schedule 1. If you have filed through one of the IRS authorized E-File providers such as ExpressTruckTax.com then you need to get in touch with them to get a copy of your Schedule 1.

Author: Categories: 2290 filing delay, Express form 2290, Express Truck Tax, Federal tax 2290, filing delay for form 2290, filing form 2290 for 2011, Form 2290, form 2290 2011, form 2290 delay, form 2290 instructions, IRS form 2290 delay Tags: , , , , , , , , , , , , , , , , , ,

Pay HVUT (IRS form 2290) On Time with Express Truck Tax

August 22nd, 2011
No comments
As anyone who is a veteran of the Trucking Industry will tell you, there are many more business and economic responsibilities other than simply getting something delivered at the right time and place. Heavy Vehicle Use Tax, or HVUT, is one of the most common taxes on heavy highway vehicles in the United States. Paying this tax properly involves filing the IRS Form 2290. This Form is so easy to E-File online, and thanks to Express Truck Tax, there is no reason to be late, as evidenced by these points:
  • IRS Fines
    • Unless you enjoy IRS Audits and spending time in courtrooms, it is a terrible to not pay your taxes. The IRS can add all kinds of interest and late fees, but if you end up in court over the matter it will lead to the court costs as well as heavy fines.
  • Not filing or not paying is a felony
    • Fines are bad enough, but it could be worse. Going to court can lead to criminal charges. The IRS & state governments could prosecute anyone who purposely cheats to avoid paying the truck tax. It can also lead to time in prison.
  • Stay focused on your business
    • If these are not paid in a timely manner, the previously mentioned fines, court appearances, and possible jail time could seriously put a halt on your business. The time and energy spent worrying about IRS Audits, Fines, and Court Dates is not worth it. Especially when the taxes are not typically very high.
  • Taxes help improve public roads
    • Paying taxes is never a joyful experience, but you should get some gratification in the fact that much of the taxes paid for HVUT go back into the cost of roads and highway expenses. It just makes sense; if you enjoy using something, you shouldn’t mind paying for it.
  • It’s So Easy

E-file IRS form 2290 with expresstrucktax.com on time. It’s made as easy as 1-2-3 to e-file truck tax 2290 and get IRS stamped Schedule 1 in few minutes. Avoid IRS penalties and Audits by keeping your 2290 records with express truck tax. E-file IRS 2290 VIN Corrections for free of cost.

Author: Categories: 2290, 2290 efile, 2290 filing delay, 2290 form, 2290 stamped Schedule 1, Authorized Efile provider for form 2290, efile 2290, Form 2290, form 2290 2011, form 2290 for 2011-2012, Schedule 1 form 2290, truckers tax 2290 Tags: , , , , , , , , , , , , , , , ,

Truck Tax Regulations for 2011 (HVUT)

August 20th, 2011
No comments
You don’t have to be a transportation expert to understand that Washington DC is known for its gridlock. The very worst of it is actually off the roads and on Capital Hill. While both parties in Congress continue to argue, there is a significant piece of legislation that has yet to be voted on. The delay of this legislation being enacted has thrown many people in the trucking & transportation industry for a loop.

The law previously referred to is a transportation law known as SAFETEA-LU – the Safe, Accountable, Flexible, and efficient Transportation Equity Act: A Legacy for Users – which expired in 2009, but it allowed the taxes associated with the Highway Trust Fund to be collected for an additional two years. When SAFETEA-LU became law in 2005, lawmakers added what they believed to be enough time to get the next multi-year transportation authorization bill in place.

Those two years have passed faster than expected and we are left without a new Highway Bill to replace it. The House and Senate committees are now drafting preliminary versions of the legislation and will continue to debate its details. Let’s hope that both sides come to an agreement soon to avoid massive confusion in the trucking industry. Trucking Regulations alone are complicated enough.

Under normal circumstances, tax provisions related to the Highway Trust Fund would be extended as part of the authorization. Unfortunately, no one can accurately predict what will happen in the future, especially with the extreme volatility between political parties of late. One thing that is predictable, however, is that ExpressTruckTax.com will keep updating their website and blog with the latest news affecting the Trucking Industry. Once there is more information available about the HVUT filing process, we will let you know. Express Truck Tax is the premier provider of Tax Services for the Trucking Industry; as soon as the IRS releases the new Form 2290, it will be available for EFiling at www.ExpressTruckTax.com.

Author: Categories: 2290, 2290 efile, 2290 filing delay, 2290 form, 2290 stamped Schedule 1, form 2290 delay, form 2290 download, Form 2290 Regulations, Form 2290 status update, IRS 2290 update, IRS form 2290 Regulations, IRS taxes online, Transportation Bill, Truck tax update Tags: , , , , , , , , , , , , , , , , , , , , ,

Stay Alert for Internal Revenue Service Phishing Scams

August 18th, 2011
No comments
Scammers are like cockroaches; they are unwanted, yet they never seem to go away. Recently, there has been a set of IRS phishing emails that have been infesting the web. There have been at least two versions. One claims to be from “info manager@irs.gov” and another from “support manager@irs.gov.” These emails can look convincing with headers that read: “IRS notification.” Although it may seem authoritative, neither of these are legitimate and should be ignored, deleted, or forwarded along to phishing@irs.gov. Do Not reply and Do Not open the attachments.

Here is the plain text version of one of the emails:
Important Information about your tax return
We are unable to process your tax return
We received your tax return. However, we are unable to process the return as field.
Our records indicate that the person identified as the primary taxpayer or spouse on the tax return did not provided all the required documents shown on the tax form. Our records are based on information received from the Social Security Administration.
Based on this information, the tax account for the individual has been locked
What you need to do
Print out the attached notification and list of missing documents, fill it in, add the documents and send the following information to the address shown in the attached notification.
List of required documents:
    • A copy of this letter
    • Notification letter
    • A photocopy of valid U.S. Federal or State Government issued identification.

Keep this notice for your records.

As you can see, this email is littered with typos and grammatical errors. That is always a Huge Red Flag if you are receiving an email that is supposedly from a professional organization. In addition to that, it is commonly known that the IRS does not send unsolicited e-mails to taxpayers. Therefore, most emails claiming to be from the IRS are most likely a scam.  

Be very careful with these emails. Most of them try to get you to reveal your personal or financial information. Do not reveal any of this information via e-mail. Better yet, Do Not reply to the email at all.  Don’t follow any links from these e-mails to any web sites where you might be asked for the same information.

Other e-mails may have attachments or links which download viruses or other malware onto your computer. Some of this malware, has the capabilities to retrieve financial and other personal information from your computer. Even if you don’t manually input personal information into these sites, the malware allows the scammers to track your personally identifiable information.

Key Point to Remember: the IRS will never initiate contact with you via email. They will not ask you to click links to fix your tax information or verify your tax account. Neither will you be advised of a mistake in your refund via email. If you are concerned that you need to contact the IRS, then you should call them (1.800.829.1040). Don’t click on an attachment or reply to an email claiming to be from the IRS.

So to recap: delete, delete, delete. Do Not open links. Do Not open any attachments. Do Not investigate on your own. The IRS can handle any investigation if necessary. If you would like to make the IRS aware of it, you can forward the e-mail to the IRS at phishing@irs.gov then DELETE the email.


This Information has been provided by the Truck Tax Team at www.ExpressTruckTax.com

Author: Categories: 2290 efile, 2290 filing delay, 2290 form, efile 2290, efile IRS form 2290, Express form 2290, Express Truck Tax, form 2290 download, form 2290 filing date, form 2290 for 2011-2012, Form 2290 status update, Heavy highway Vehicle use tax, IRS phishing scams, Stay alert from scams Tags: , , , , , , , , , , , , , , , , , , , ,

Form 2290 Heavy Highway Vehicle Use Tax(HVUT) Now Due On November 30

August 16th, 2011
No comments
The IRS recently advised truckers, owner operators, and trucking companies that their next federal highway use tax return for filing HVUT (which is usually due on August 31) will instead be due on November 30, 2011. The primary reason for the extension of the due date is to reduce confusion and multiple filings of Form 2290 that could result if Congress reinstates or modifies the highway use tax after September 30, 2011.

The Heavy Vehicle Use Tax applies to trucks, truck tractors and buses with a gross taxable weight of 55,000 pounds or more. There are many more specific rules for vehicles with minimal road use, logging or agricultural vehicles, vehicles transferred during the year and those first used on the road after July. In normal circumstances, vans, pick-ups and panel trucks are not taxable because they fall below the 55,000-pound requirement.

The newly determined November 30 filing deadline for Form 2290 (Heavy Highway Vehicle Use Tax Return) applies to the tax period beginning on July 1, 2011. This includes the vehicles used during July, as well as those whose first use month was during August or September. According to the recent IRS statements, returns should not be filed and payments should not be made until November 1, 2011.

For new vehicles that need to be registered during Jul-Oct of 2011, the state DMV’s are required to accept a Stamped Schedule 1 from the previous year since it is not possible to receive a stamped Schedule 1 until November 2011. If a vehicle was acquired within the current year, and there is not a stamped Schedule 1 for the previous year, the owner only needs to provide some form of proof of purchase to prove that the vehicle was recently placed in his/her possession.

Luckily, once the Form 2290 is available, the electronic filing service: ExpressTruckTax.com will be able to E-File the form and send it to the IRS in minutes. The E-Filing Process is very simple; the form can be completed in minutes, and it can be sent to the IRS as soon as it is finished. It is such a time saver when you compare it to waiting in the IRS office for hours or sending it via postal mail and waiting weeks for the IRS to process it.

Author: Categories: 2290 efile, 2290 filing delay, 2290 form, 2290 stamped Schedule 1, Authorized Efile provider for form 2290, efile IRS form 2290, Express form 2290, Express Truck Tax, Federal Heavy Highway Use tax, Federal tax 2290, form 2290 2011, form 2290 due, form 2290 due on Nov 30 2011, form 2290 filing date Tags: , , , , , , , , , , , , , , , , , , , , ,

How to E-File IRS Form 2290(HVUT) and receive a stamped Schedule 1?

August 4th, 2011
No comments
The Process of Filing IRS Form 2290 and getting a stamped Schedule 1 can be rather complicated. Especially now that the IRS has delayed the filing dates to November of 2011.

A Stamped Schedule 1 is required in order to register a vehicle. So it can be very stressful to wait until the last minute to register your vehicle because you are waiting for the IRS to send you a stamped schedule 1. (For vehicles that need to be registered during Jul-Oct of 2011, the state DMV’s are required to accept a Stamped Schedule 1 from the previous year since it is not possible to receive a stamped Schedule 1 until November 2011)

Although these are the traditional ways of getting a Stamped Schedule 1, an easier way has come about in the past few years. E-Filing has become more and more practical as well as more efficient. An IRS-Authorized provider of this service is www.ExpressTruckTax.com.  Instead of waiting for hours or up to 6 weeks for the IRS to stamp your schedule 1, Express Truck Tax will get your stamped Schedule 1 in minutes. When you log on to the site, you can enter the information for the Form 2290, and Express Truck Tax will then automatically create a Schedule 1 based on that information. That form will be sent to the IRS electronically, and they will then send the stamped Schedule 1 back to Express Truck Tax, who will then automatically send an email notification of the file to the taxpayer. This document can also be faxed as well as emailed to the taxpayer as soon as the IRS processes the form. There are even options to receive a notification via text message. The form will be transmitted with a watermark as well as an IRS E-File logo since the document will not be physically stamped.

Author: Categories: 2290, 2290 efile, 2290 filing delay, 2290 form, 2290 stamped Schedule 1, form 2290 Schedule1, IRS 2290 Schedule 1, Schedule 1 form 2290 Tags: , , , , , , , , , , , , , , ,

Three Month Extension of IRS Form 2290(HVUT) – Now Due on Nov. 30, 2011

August 3rd, 2011
No comments
The IRS recently advised those in the transportation industry with heavy highway vehicles that their next federal highway use tax return will be due on November 30, 2011, instead of the typical due date of August 31st.

The current highway use tax is scheduled to expire on September 30, 2011. The proposed temporary regulations dictate that the November 30th filing deadline for Form 2290 HVUT Return for the tax period that begins on July 1, 2011, applies to vehicles used during July, as well as those first used during August or September. The IRS also states that returns should not be filed and payments should not be made before Nov. 1. This extension is designed to reduce confusion and possible multiple filings that could result if Congress reinstates or modifies the tax after that date.

For those in the transportation industry who need to apply for state vehicle registration on or before November 30th, the new regulations require states to accept the stamped Schedule 1 of the Form 2290 issued by the IRS for the previous tax year, ending on June 30, 2011 as a proof of payment. Federal Law requires that state governments receive proof of payment of the federal highway use tax as a condition of vehicle registration. Typically, after the return is filed and the tax is paid, the taxpayer receives a stamped Schedule 1 to use when registering the vehicle.

If someone needs to register a newly acquired vehicle during the July-to-November period, the new regulations require a state to register the vehicle, without proof that the highway use tax was paid, as long as the person registering the vehicle presents a copy of the bill of sale or another document showing that the owner purchased the vehicle within the previous 150 days.

The heavy vehicle use tax applies to trucks, truck tractors and buses with a taxable gross weight of 55,000 pounds or more. Vehicles such as vans, pick-ups and panel trucks are typically not taxable because they fall below the 55,000-pound requirement.

Although the IRS discourages filing until November 1, 2011, the good folks at Express Truck Tax are willing to help you every step of the way!  If you have any questions regarding Truck Taxes, and how to file them, feel free to chat with their experts at (704) 234-6005.  You can also email them at support@ExpressTruckTax.com.  For more information about Truck Taxes, check out their Website and Blog: ExpressTruckTax.com

Author: Categories: 2290, 2290 efile, 2290 filing delay, 2290 form, efile IRS form 2290, Express Truck Tax, form 2290 delay Tags: , , , , , , , , , ,

3 Month Tax Extension for Internal Revenue Service Form 2290 (Federal Heavy Vehicle Use Tax)

July 25th, 2011
No comments
Earlier this month the Internal Revenue Service informed truckers, owner operators, and trucking companies who file federal highway use tax returns that the typical deadline of August 31st will be extended to November 30, 2011. The official legislation for the currently scheduled to expire on September 30, 2011. The current legislation has yet to be passed through Congress; the extension was put in place because it is still possible for Congress to alter the tax legislation after the expiration date. According to the IRS, returns should not be filed and payments should not be made prior to November 1st.

New regulations require state Departments of Motor Vehicles to accept a prior year stamped Schedule 1 of the Form 2290. Typically, taxpayers are required to present a stamped Schedule 1 to register a vehicle with the DMV. The Schedule 1 is usually stamped by the IRS as a proof that the return was filed correctly.  

If a taxpayer acquired a new vehicle during July 2011-November 2011, recent regulations allow states to register vehicles without proof that the highway use tax was paid as long as they provide a copy of the bill of sale or a similar proof of purchase to verify that it was acquired in the past 150 days.

If you are unsure whether or not you qualify to file the Heavy Vehicle Use Tax, it typically applies to trucks, truck tractors, and buses with a taxable gross weight of 55,000 pounds or greater. As a rule of thumb, vans, pick-ups, and panel trucks do not qualify due to the 55,000 pound minimum.

Author: Categories: 2290 filing delay, Express form 2290, Express Truck Tax, filing delay for form 2290, form 2290 delay, form 2290 instructions, Form 2290 status update, Three month extension for form 2290, Truck tax update Tags: , , , , , , , , , , , , ,

3 Month Extension for Truck Taxes(Federal Highway Use Tax Form 2290)

July 19th, 2011
No comments
The Internal Revenue Service recently advised truckers and others filing Heavy Vehicle Use Tax that the next federal highway use tax return would be due on November 30, 2011instead of the typical August 31 deadline. The full letter from the Internal Revenue Service can be found here.

The extension is meant to remove confusion and multiple filings. Since new legislation needs to be voted on by Congress, the tax could be modified or simply reinstated. To ease the hassle of applying for state vehicle registration on or before November 30, state DMV’s must accept a stamped Schedule 1 of the prior year’s Form 2290. Typically, taxpayers  receive a stamped schedule 1 after the Heavy Vehicle Use Tax is filed and paid.  However, this year, the prior year’s schedule 1 must be used because the IRS is not yet accepting the Form 2290 for this tax year.

For Taxpayers who have acquired and need to register new or used vehicles during the July-November period, new regulations now require states to register those vehicles without a proof of HVUT payment. The taxpayer will be required to prove that they acquired the vehicle within the past 150 days.

For taxable vehicles used during July, the Form 2290 and payment are normally due on August 31st. The tax is calculated based on the weight of the vehicle. There are also many special rules that apply to vehicles with low mileage, as well as logging, and agricultural vehicles.  
Author: Categories: 2290 efile, 2290 filing delay, 2290 form, 2290 stamped Schedule 1, efile 2290, Express form 2290, Express Truck Tax, form 2290 delay, form 2290 efile, form 2290 electronic filing Tags: , , , , , , , , , , , , , , , ,

HVUT(U.S Federal Heavy Vehicle Use Tax Form 2290) Season Delayed by IRS

July 14th, 2011
No comments
As you most likely know, the IRS has not yet disclosed the official Form 2290 for filing Truck Taxes.  This delay in the process has certainly caused some headaches for the service providers such as Express Truck Tax, who E-File this form on behalf of their clients.  Land Line, the business magazine for professional truckers, recently released an article about the delay.   In short, the Form 2290 will not be available until new legislation is passed, but drivers will be able to get their vehicle tags and register vehicles by using your previous year’s Schedule 1.

The following Article can be read in its entirety at LandLineMag.com:

Before you make a mad dash to the IRS office to file your Form 2290 Heavy Vehicle Use Tax, hold on. A week before filing season for the IRS Form 2290 was due to begin on July 1, the Internal Revenue Service announced a delay.

New legislation needs to be passed before IRS can collect the HVUT for the entire year. And right now that tax legislation is tied up in Congress. This means that your normal filing, which was for the tax period beginning July 1, 2011, won’t happen.

IRS will not accept any paper format or e-filing at this time. In fact, the form has not been published by the IRS and is not even available yet. An announcement on when it will be in place is expected to be made by IRS.

While the IRS e-file is not available for the tax period beginning July 1, 2011, you can still e-file your 2290 tax return for the tax period July 1, 2010 through June 30, 2011.

The IRS may wait as long as possible so that a single tax return is all that will be necessary for the 2011-12 tax Year. However, a backup plan is in place so that a three-month tax (July, August and September) can be collected by the Aug. 31 filing deadline. When the new legislation is passed, it will determine what happens for the reminder of the 2011/12 tax year.

Can you get your tags and register your vehicle? The IRS says yes, you can get your tags for the tax period beginning July 1, 2011. Existing regs allow states to register a heavy highway vehicle when the application for registration is received during the months of July, August or September 2011. If you have your receipted Schedule 1 for the previous year’s taxable period – in this case July 1, 2010 through June 30, 2011 – states can accept it as proof of payment.

States must register newly acquired heavy highway use vehicles without proof of tax payment if you present the original or photocopy of a bill of sale showing that the truck was purchased by the owner during the 60 days before the date the state receives the application for registration.
Author: Categories: 2290 efile, 2290 filing delay, 2290 form, 2290 stamped Schedule 1, filing delay for form 2290, filing form 2290 for 2011, form 2290 delay, form 2290 for 2011-2012, form 2290 for heavy highway vehicles, form 2290 instructions, form 2290 now due on Nov, form 2290 Schedule1, IRS form 2290 delay Tags: , , , , , , , , , , ,
Returning Users
New Users
Express Extension