Archive

Archive for the ‘Employer Identification Number’ Category

E-filing Excise Taxes Now Available For Heavy Highway Vehicles

November 3rd, 2011

Although it has been a long year for those in the Trucking and Transportation Industry, It is now possible to transmit returns to the IRS through Express Truck Tax. The process for filing Heavy Vehicle Use Tax Returns was briefly interrupted as the legislation that controlled the tax itself nearly expired. Fortunately, due to urges from various congressmen and President Obama himself, the legislation was extended. Had Congress let the legislation expire, there would have been a shutdown of any government funded Transportation jobs. Although many industry experts agree that new legislation is needed, this extension serves as a quick fix the much worse possibility of all government transportation projects being shut down.

This change resulted in a later filing period for 2011 – 2012. Instead of filing by the month of August, the filing period for the 2011-2012 tax period begins on November 1st and ends on November 30th 2011. The IRS did not even begin accepting these forms until November 1st. With a much shorter filing period, those needing to file a Form 2290 will greatly benefit from eFiling this return. The IRS has been steadily pushing people to eFile since last year. The IRS is no longer sending paper forms to those needing to file. They even admit that the eFiling process is easier for them and saves the government money as opposed to paper filing.

The Form 2290 is incredibly easy to eFile with Express Truck Tax. The whole process can be completed in a matter of minutes. Once the 2290 Form has been submitted to the IRS, a Stamped Schedule 1 will be sent from the IRS directly to the taxpayer through Express Truck Tax. The form will arrive as a pdf attachment in an email.

To fill out the Form 2290 online, all you will need is the basic business information such as the EIN, VIN, and the vehicle weight. The IRS accepts several different payment options including: Electronic Funds Withdrawal, EFTPS (Electronic Federal Tax Payment System), and also check or money order. Each of these options is fairly simple. Electronic Funds Withdrawal is a very quick and immediate process, just provide your bank account number as well as your routing number, and the IRS will electronically withdraw the payment.

Express Truck Tax offers a very User-Friendly process. Instead of using a tax form that is loaded with confusing tax jargon, The Express Truck Tax system uses a series of basic questions that are simple and straightforward so that you can finish it in as little time as possible. Even if you have questions regarding the Form 2290, you can always call the dedicated Truck Tax Experts at their USA based customer support center in Rock Hill, SC at 704.234.6005 or email them at support@ExpressTruckTax.com

EIN(Employer Identification Number) Change:IRS Form 2290 and 8849

June 8th, 2011
Important Notice For Anyone Filing Truck Taxes for either IRS Form 2290 or Form 8849!!!
The IRS is now checking EIN (Employer Identification Number) verifications much more thoroughly then they have in the past. Previously, The IRS did not always verify the EIN very extensively. As of now, the IRS requires that all EIN’s be at least two weeks old in order to file with them. So, if you have a very new EIN, it would be best to wait at least 2 weeks before filing.

This information will be particularly useful for individual Owner-Operators, as well as Service Providers that file on behalf of many different Owner-Operators. If you need to apply for an EIN, you can contact the IRS by phone or apply online on the IRS website.

IRS Form 2290 Amendments

May 16th, 2011
When the information of the vehicle changes, IRS wants you to file amendments to the originally filed form 2290. There are three types of amendments available for form 2290.

    1.Additional Tax From Increase in Taxable Gross Weight
    2.Suspended vehicles exceeding the mileage use limit
    3.VIN Correction

Additional Tax From Increase in Taxable Gross Weight

This type of amendment is filed if the taxable gross weight of a vehicle increases during the period and the vehicle falls in a new higher category. For instance, an increase in maximum load customarily carried may change the taxable gross weight.
When this happens, you Need to calculate and report the additional tax for the remainder of the period on Form 2290, line 3. Also you need to check the Amended Return box and to the right of “Amended Return” write the month the taxable gross weight increased. This should be by the last day of the month following the month in which the taxable gross weight increased.
      
With ExpressTruckTax.com, we make it easy to file this increase in taxable gross weight and accurately calculate the difference in tax due to IRS.  You will also get your Schedule 1 for the new weight category in minutes.
Suspended vehicles exceeding the mileage use limit

This type of amendment is filed if a suspended vehicle exceeds the mileage use limit. Mileage use limit for a heavy vehicle on public highways is 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is on the road during a period, regardless of the number of owners.
You to need to calculate the tax on Form 2290, page 2, based on the month the vehicle was first used in the period. File the amended Form 2290 and Schedule 1 by the last day of the month following the month in which the mileage use limit was exceeded.
With ExpressTruckTax.com, we make it easy to file this amendment and accurately calculate the tax due to IRS.  You will also get your Schedule 1 for the weight category in minutes. 
VIN Correction

VIN Correction is filed if you have made a mistake in any of the VIN in the previously filed Form 2290.
VIN Corrections can be only done for Taxable or suspended vehicles and not for credit vehicles or for prior year suspended vehicles. When you file a VIN Correction Form 2290, you can’t combine it with claiming credits on the same form. The wrong VIN must have been paid for in the original form 2290. Otherwise, the IRS will assign penalties in addition to the actual tax.
ExpressTruckTax.com offers Efiling of VIN Correction with no strings attached. You can efile VIN Correction and get your corrected Schedule 1 in minutes. 

ExpressTruckTax.com now accepts filing for 2010 Tax Year

July 23rd, 2010

Good news everyone! Express2290.com is now providing e-filing services for Heavy Vehicle Use Taxes for 2010.


As the name implies, Express2290.com has everything you need to keep you rolling when it comes to IRS Form 2290. It’s got a slick and intuitive interface that makes filing your forms easy, tons of contextual help windows, and expert customer support through email, chat and phone, based outside the Queen City (that’s Charlotte, NC).


You can file your 2290 form in minutes and receive your Schedule 1 in not time. It doesn’t stop at 2290 though. You can e-file an 8849 Form too–they’ll even fill it out for you while you file your 2290 form!


They offer self-service, and full service, meaning you can register and file yourself, or have them take care of the filing. Got a lot of trucks? The IRS has a mandate that you must e-file if you have more than 25 trucks. There’s no need to enter them in one by one with Express2290.com. You can upload them using an Excel file, and keep on trucking.


Express2290.com has dozens of flexible pricing options to fit your business, plus support for tax preparers—if you’re a tax professional you can take advantage of deep discounts and special pricing plans. Whether you’ve got a single truck, or a fleet of thousands, Express Excise has you covered. Express Excise was built by one of the most talented teams in the industry—no one has more experience in HVUT e-filing!

Express Extension