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E-File Form 2290 for the 2012 – 2013 Tax periods as of July 1

May 17th, 2012
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As you may remember all too well, last year was a very strange year for Truck Taxes. With the threat of a GovernmentE-file IRS Form 2290 for just $9.90 for a Truck with ExpressTruckTax shutdown and the seemingly immovable gridlock in Washington, DC it was unclear if a solution would be found. Eventually congress did extend the current legislation for Highway Use taxes, but it were several months late and filing was in November instead of July and August as it usually is.

This year, filing the Form 2290 for the 2012-2013 tax periods should be relatively simpler. As of now, there is no reason to expect a delay in the filing season. The quickest and most secure way to file this tax is through ExpressTruckTax.com – an IRS Authorized E-File provider

Some of the benefits to filing a HVUT return with ExpressTruckTax include the following:

File with ExpressTruckTax and receive:

1. The Best Value in the Industry
As little as $9.90 for a single vehicle!
2. Account setup and full service support for free
USA Based Customer Support
3. Free VIN Corrections
Everyone makes mistakes, correct your VIN for free online
4. Receive Stamped Schedule 1 back in Minutes
We automatically email you to let you know
5. Automatic notification to your trucking/leasing company

A State-of-the-Art Application:

1. Most features available
2. Receive Email, Fax, and FTP copies of your Schedule 1
3. Bulk upload taxable, suspended, and credit vehicles
4. Automatically generate refund or credit applications (Form 8849)
5. Maintain unlimited businesses and unlimited vehicles with a single login

Award Winning US-based Customer Support:

1. Personal account manager for your business
2. Live phone, email, and chat support
3. Help text and videos throughout the application
4. Tax Professionals and IT Experts ready to help at a moment’s notice
5. File online or over the phone
6. 98% customer approval rating
7. Trusted by many of the largest carriers and service providers in North America

Filing this form online only takes a few minutes and you will receive a stamped schedule 1 within minutes of filing this form online. Although the deadline is approaching, you will still be able to E-File your Form 2290 through our service anytime. If you have any questions, please contact us at our USA-based customer support center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.

Filing a Form 2290 Online

April 16th, 2012
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Only a few years ago, a wireless internet connection was a rarity. Now it is hard to find a place that E-file IRS Form 2290 for just $9.90 for a Truck with Expresstrucktax.comdoes not offer Wi-Fi. Due to this increase in web access, people are becoming more and more productive. As you may have noticed, the IRS is also moving in this direction. Each year, more and more people E-File their tax returns with the IRS online. The IRS seems to be pushing this method of tax filing as well. One particular example of this is IRS Form 2290, which is used to collect what is referred to as the Heavy Vehicle Use Tax or HVUT. It is a fee that the IRS requires all vehicles with registered gross weights equal to or exceeding 55,000 pounds to pay annually on heavy vehicles operating on public highways.

It is already mandatory for all Trucking Companies or other organizations that need to file a Form 2290 for 25 or more heavy vehicles to E-File the return instead of paper filing it. This IRS Form contains a Schedule 1 which must be stamped by the IRS before the vehicle can be registered with the state Department of Motor Vehicles. This form can be mailed to the IRS, which can take up to several weeks to process. It could also be taken directly to the IRS office, which can take several hours of your day. This must be accompanied by a proof of EFTPS payment.

This form must be filed annually, for each taxable vehicle that is used on public highways during the current period. The Current Period begins on July 1st and ends on June 30th of the next year. A Form 2290 must also be filed once a vehicle is placed in service. The due date for each month is the last day of the following month. For example: if a vehicle is placed in service on April 3rd, the Form 2290 will be due on May 31st.

Even though there are thousands, if not millions, of Heavy Vehicles that are required to file HVUT the IRS still requires everyone to either mail the Form 2290 to the IRS or actually come to the IRS office. Fortunately there is an easier way that has recently become available. www.ExpressTruckTax.com allows you to fill out your IRS Form 2290 online and send it to the IRS electronically! This way you can get a stamped schedule 1 in about 10 minutes. Express Truck Tax is authorized by the IRS to file Form 2290. The taxpayer will then receive the schedule 1 via email or fax as soon as the IRS processes the form. The form will then be watermarked by the IRS instead of an actual physical stamp.

Truck Tax Form 2290 Deadline of March 31st for Vehicles First Used in February

March 30th, 2012
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Heavy Vehicle Use Taxes, or HVUT, must be filed and paid annually. The Tax Period for Heavy Vehicles is typicallyE-file IRS Form 2290 for just $9.90 for a Truck with Expresstrucktax.com from July 1 until June 30 of the following year. However, HVUT must also be filed the month after the vehicle is first used. So, if a vehicle is put in service during the tax period, HVUT must also be filed for the First Use Month.

Since March is coming to a close, the filing deadline is nearing for any Heavy Vehicles that were placed in service during the month of February, 2012. If a heavy vehicle was first used in February of 2012, the HVUT due date is March 31, 2012.

Fortunately, this tax can be paid online using ExpressTruckTax.com It is easy to use and simple to understand. You can File HVUT for your Taxable Vehicles in just minutes. A Vehicle is considered to be a taxable vehicle if it was operating on public roads between the tax periods of July through June. A vehicle is also considered to be taxable if it has a taxable gross weight of at least 55,000 pounds and travels at least 5,000 miles during the tax period (7,500 miles if used for agriculture).

When using ExpressTruckTax.com to E-File your HVUT, here is a helpful checklist to guide you through the filing process:
• E-file your 2290 returns with Expresstrucktax.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

www.ExpressTruckTax.com allows you to fill out your IRS Form 2290 online and send it to the IRS electronically! This way you can get a stamped schedule 1 in about 10 minutes. Express Truck Tax is authorized by the IRS to E-File Form 2290. The taxpayer will then receive the schedule 1 via email or fax as soon as the IRS processes the form. The form will then be watermarked by the IRS instead of an actual physical stamp. Be sure to get this taken care of soon because the due date for all vehicles.

The Internal Revenue Service Will Not Mail Form 2290

October 5th, 2011

Earlier in the year, The Internal Revenue Service announced that they will not be mailing Form 2290 to taxpayers this year. This step was taken due to the increase in electronic filing. Although the IRS Requires Trucking Companies with 25 or more Heavy Vehicles to e-file, the IRS actively encourages everyone needing to file the Form 2290 to e-file. The IRS has legitimate reason to do this because filing electronically is the quickest, easiest, and safest way to file tax returns.

Fortunately, it has become incredibly simple to file Form 2290 or other Tax forms associated with the Heavy Vehicle Use Tax (HVUT) such as Form 8849. All you have to do is go to www.ExpressTruckTax.com and start filing. You can file your Schedule 1 for Form 2290, Form 8849, A VIN Correction, and Fuel Tax (IFTA).

The easy-to-use system created by the Express Truck Tax team allows the user to walk through the process at their own speed and asks questions in plain English, not confusing tax jargon. There are even special deals for Owner-Operators who need to file for multiple vehicles. Tax Professionals may also benefit from special pricing for multiple filings.

What is IRS Form 2290?
The IRS Form 2290 exists as a way to pay Heavy Vehicle Use Taxes, or HVUT, which must be filed with the IRS for any highway motor vehicle that exceeds a gross weight of 55,000 pounds. IRS Form 2290 also includes what is known as a Schedule 1, which is used to 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). The Schedule 1 may also be used as proof of payment to register your vehicle in any state. Use the stamped Schedule 1 that was returned to you by the IRS for this purpose.

Who Must File?
You must file a Form 2290 and Schedule 1 for the tax period beginning on July 1st, and ending on June 30th, if a highway motor vehicle is registered, or required to be registered, in your name under state, District of Columbia, Canadian, or Mexican law at the time of its first use during the period and the vehicle has a taxable gross weight of 55,000 pounds or more. Any type of business entity may file a Form 2290 with the IRS.

How much is the Tax?
There are three different categories for HVUT rates for these vehicles. Vehicles Below 55,000 pounds do not have HVUT because they do not qualify as a heavy vehicle. Vehicles between 55,000 and 75,000 pounds owe $100, plus $22 per 1,000 pounds over 55,000 pounds. Finally, for vehicles that are over 75,000 pounds the maximum HVUT is $550 per year.

The gross taxable weight is calculated by adding the following:
Unloaded weight of vehicle, fully equipped for service.
Unloaded weight of any trailers equipped for service and customarily used in combination with the vehicle
Weight of the maximum load customarily carried on the vehicle and on any trailers customarily used in combination with the vehicle.
Who is Exempt?
Although it is rare, some Vehicles that fit the above description may be exempt from the HVUT and Filing requirements of Form 2290. To officially be exempt from filing Form 2290, the vehicle must be owned and operated by the following:
The Federal Government
The District of Columbia
state or local government
American National Red Cross
Non-Profit Volunteer Fire Department, Ambulance Association, or Rescue Squad
Indian Tribe Government (Only if the Vehicle is Used for essential Tribe or Government Function)
Mass Transportation Authority (Only if granted certain powers normally exercised by the state)
Qualified Blood Collector Vehicles
Mobile Machinery that meets specifications for a chassis
As mentioned earlier, the ideal e-file provider for this service is www.ExpressTruckTax.com. They provide a very excellent service for all Truck Tax Needs. And since the current tax year has been delayed due to slow congressional action, the filing period for this tax will be November 1 – November 30. Due to this shorter filing season, it is even more beneficial to file online in order to be sure that your return is accepted before the deadline.

IRS Form 2290: Heavy Vehicle Use Taxes

September 22nd, 2011
Any Heavy Vehicle operating on a public highway is subject to filing the Form 2290 with the IRS. Heavy Vehicle Use Taxes (HVUT) is imposed on all vehicles with a registered gross weight of 55,000 pounds or more. The gross taxable weight is calculated by adding the following amounts:
  • The unloaded weight of any trailers, fully equipped for service, and typically used in combination with the vehicle
  • The maximum weight of the load customarily carried on the vehicle and on any trailers customarily used in combination with the vehicle.
  • The unloaded weight of vehicle itself, fully equipped for service.

You may wonder what the IRS considers to be a taxable highway motor vehicle that is subject to the Heavy Vehicle Use Tax. The IRS considers taxable Highway Motor Vehicles to be any self-propelled motor vehicle that is designed to carry a load on public highways. Examples of such vehicles include trucks, truck tractors, as well as buses. The IRS does not usually consider vehicles like vans, pickup trucks, panel trucks, or similar sized vehicles because they do not typically meet the 55,000 pound threshold amount.  

There are three different categories for HVUT rates for these vehicles.

  • Vehicles Below 55,000 pounds do not have HVUT because they do not qualify as a heavy vehicle.
  • Vehicles between 55,000 and 75,000 pounds owe $100, plus $22 per 1,000 pounds over 55,000 pounds.
  • Finally, for vehicles that are over 75,000 pounds the maximum HVUT is $550 per year.

Express Truck Tax is authorized by the IRS to E-File Form 2290. This way you can get a stamped Schedule 1 in about 10 minutes. The file is electronically submitted to the IRS, and within minutes the file is processed by the IRS and sent back to the person filing. The form will then contain a watermark from the IRS as proof that it has been processed.

As anyone in the Transportation Industry will already know, the filing process for Heavy Vehicle Use Taxes (HVUT) will be a little bit different than normal this year. The Schedule 1 of the Federal Heavy Vehicle Use Tax (HVUT), which is part of the IRS Form 2290, has been extended to November 30 of 2011. It is also not possible to receive a receipt for the Form 2290 until after November 1st. This means that the majority of those filing this tax will not do so until November. However, Once it is available, the folks at Express Truck Tax will be able to help get those taxes taken care of in no time.

Obama Supports Transportation Bill to Save Jobs

September 7th, 2011
President Barack Obama has once again urged Congress once more to extend the transportation bill, following a jobs report that was not very flattering of the American economy.  This message served as a warning that letting the current transportation bill expire would be an economic disaster that could be easily avoided.

Obama focused on the amount of jobs that would be furloughed and eventually removed if a decision could not be made in Congress. “Right away, over 4,000 workers would be furloughed without pay. If it’s delayed for just 10 days, we will lose nearly $1 billion in highway funding that we can never get back. And if we wait even longer, almost 1 million workers could be in danger of losing their jobs over the next year.” These jobs are literally left in the hands of Congress.  They can choose to extend the bill, or create a more long term solution, but action needs to be made regardless.

President Obama made a speech from the White House’s Rose Garden last week, in which he was joined by Transportation Secretary, Ray LaHood, as well as Richard Trumka, president of the AFL-CIO, and also David Chavern, the chief operating officer of the Chamber of Commerce. He gave Congress another warning at that time also, stating that letting the transportation bill expire at the end of the month would be “not acceptable” and “inexcusable.”

In his recent address, the president reiterated that thousands of workers and their families would be hurt if infrastructure projects like highway construction, bridge repair and mass transit systems were put on hold. Obama has previously spoken about renewing the transportation bill as a “no-brainer.” It is also important to note that Congress has renewed the bill seven times in the last two years, and as badly as Americans need jobs, not renewing it this time would be a grave mistake. Nonetheless, a new and sustainable bill would be the best option.

“But thanks to political posturing in Washington, they haven’t been able to extend it this time — and the clock is running out,” he said. Virginia, Minnesota and Florida are examples of states that have thousands of jobs on the chopping block, and the President argued that the decision to let the bill expire is “completely avoidable.”

“This isn’t a Democratic or a Republican issue — it’s an American issue,” he said. The president also mentioned that a group of 128 Democratic and Republican mayors have written to Congress, urging their representatives to pass the extension.

Obama also added a statement that nicely summarizes the heart of the issue: “There’s a lot of talk in Washington these days about creating jobs. But it doesn’t help when those same folks turn around and risk losing hundreds of thousands of jobs just because of political gamesmanship. We need to pass this transportation bill and put people to work rebuilding America.”

To see a video of Obama’s address urging the passage of the bill, you can check it out here. This Information has been provided by the Truck Tax Team at www.ExpressTruckTax.com.

File IRS Form 2290 through an IRS-Authorized Service Provider

August 26th, 2011
If you are a trucker, owner operator, or trucking company, you are subject to filing a tax return for the Heavy Vehicle Use Tax. These taxes have typically been filed with the IRS Form 2290. Until recently, this form could only be filed by paper. However, there have been great advances in technology over the past few years and the IRS now accepts and encourages taxpayers to E-File their 2290 Form.

The IRS has approved several third party service providers to E-File the Form 2290 on behalf of those taxpayers who need to file. This list is posted on the IRS website. The IRS itself does not provide a way to E-File this form through their website. In deciding how to file, there are a few things that should be considered. When you select a provider, it is important to be sure that they are an Authorized IRS E-File Provider, make sure that they can handle all of your truck tax needs, and it is safest to find a provider that is entirely web-based.
  • When selecting an Authorized E-File Provider, you should look on their website for something to verify that they are actually authorized by the IRS to E-File tax forms. Again, you can also refer to the IRS Website for a complete list of Authorized E-File Providers.  Be sure that the provider you choose is on that list!
  • If you need to file several types of Truck Taxes and not only the Form 2290, like IFTA or Form 8849 then it would be helpful to have them all filed from the same place. Some service providers are only for Form 2290, or Form 8849, etc. The most convenient and economical way of filing would be to have them all filed with the same service.
  • If an E-Filing system is not web-based, then there is less reason to use it. If a so-called E-Filing system is not web-based, meaning you need to download a program onto your computer in order to run the program, then it is not a true E-Filing system. The IRS recommends E-Filing because of its speed and security. If you are required to download lots of files and store information on your computer, your system is not completely web based. The benefits of a web-based system are obviously the speed of transfer to the IRS when you are finished, but also the security of storing your information online instead of on your computer. If you rely on your computer to store your information, you run the risk of losing all of your information if your computer crashed or if you spill something on it, etc.

ExpressTruckTax.com fits all of these qualifications for a Truck Tax E-File Provider. It is entirely web-based, they are a one-stop-shop for all truck tax needs, and they are authorized by the IRS as an E-File provider on the official list from their website. If you need any help, you can also contact their wonderful customer support team!  They offer live chat & phone support Monday through Friday (9:00am – 6:00pm EST) at 704.234.6005, as well as email support 24/7 (support@expresstrucktax.com). This way you can get a stamped schedule 1 in about 10 minutes. The file is electronically submitted to the IRS, and within minutes the file will be processed by the IRS and the filer will receive a notification from Express Truck Tax that their return has been processed.

IRS 2290 Form filing Delays for tax year 2011-2012

August 24th, 2011
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.

IRS Tax Implications for those in the Trucking Industry

August 19th, 2011
For many Owner-Operators of Heavy Highway Vehicles, the benefits of self employment make being on the open road a very exciting experience. However, due to the heavy regulation of the Trucking and Transportation Industry, there are various taxes you must pay for self-employment income earned as an independent truck driver. Since self-employed individuals are not subject to tax withholding, there is more control over periodic tax payments throughout the year, which can be cut down by claiming deductions for business expenses.

Self-Employment Tax

The Self-Employment tax applies to truck drivers who operate their own business. These taxes are imposed in order to fund the Social Security and Medicare programs. The disadvantage of paying these taxes as a self-employed individual is that you owe twice as much as taxpayers who earn their income from employment. This is because employers are responsible for paying the other half of these taxes for their employees. There is somewhat of a silver lining to this though, the IRS does allow you to claim a deduction for 50 percent of the self-employment tax payments you make as an adjustment to income.

Truck Driver Deductions

You are not required to pay income tax or self-employment tax on your gross earnings from self employed truck driving. Instead, it calculates your tax due on net earnings, which is equal to your gross earnings minus all deductions you can claim. In order to claim a deduction, the expense must be ordinary and necessary to operate your business. This may cover any number of expenses you incur, but typically, truck drivers may deduct the cost of gasoline, oil, truck repairs, insurance and parking charges. You may also deduct the cost of the truck itself by including the lease payments or depreciation of the purchase price in your deductions. And, if you ever stay in a hotel during those long road trips, you may deduct your lodging expenses also.

Other Truck Taxes

IRS Form 2290 is meant to send information about the usage of a commercial truck and to pay taxes on that use to the IRS. You can use this form for a single truck filing, or up to twenty-five vehicles can be reported on one form. The major reasons for filing the form include:

The typical Tax year for Form 2290 is from July 1st to June 30th of the next year. The form and any payment are typically due by the end of August of the corresponding year. The IRS requires that forms with 25 or more vehicles to be electronically filed.

As mentioned Earlier, the typical tax year is from July 1 to June 30, but this year it has changed. Due to legislation being held up in Congress, there has yet to be a legislation enacted to collect these Heavy Vehicle Use Taxes. The IRS has announced that it will not be accepting these 2290 forms until November 1 of this year.

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

August 16th, 2011
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.

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