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IRS Form 2290 – Heavy Vehicle Use Taxes

November 16th, 2011

What is HVUT?
HVUT or Heavy Vehicle Use Tax is the fee imposed by the IRS annually on heavy vehicles that operate on public highways at registered gross weights equal to or exceeding 55,000 pounds.

The taxable gross weight of a vehicle is determined by adding the following:
• The actual unloaded weight of the vehicle, when it is fully equipped for service
• The actual unloaded weight of any trailers or semitrailers fully equipped for service normally used in addition to the vehicle
• The weight of the maximum load that can be carried on the vehicle and on any trailers or semitrailers typically used with the vehicle
• For Buses, The taxable gross weight is its actual unloaded weight fully equipped for service in addition to 150 pounds for each seat provided for passengers and driver.

The Tax Calculations:
The tax year for Form 2290 starts in July and ends in June of the next year. If the gross taxable weight is from 55,000 to 75,000 pounds, the HVUT is $100, plus $22 per thousand pounds over 55,000 pounds. For over 75,000 pound vehicles, the maximum HVUT is $550/ year. The taxes are lower for logging vehicles. Logging Vehicles are vehicles which are primarily used for transporting products harvested from the forest and is registered with a state agency as such.

Taxes are prorated for any vehicles placed into service after the month of July.

HVUT Exemptions:
There are a number of groups that receive exemptions from HVUT. Such as:
• Federal Government
• Indian tribal governments (for vehicles used in essential tribal functions)
• State & Local governments, including the District of Columbia
• Mass transportation authorities
• The American Red Cross
• Nonprofit volunteer fire departments, ambulance associations or rescue squads

There are also a number of vehicles exempted from the HVUT:
• Any vehicle not considered to be a highway motor vehicle — e.g., mobile machinery for non-transportation functions, vehicles specifically designed for off-highway use, and non-transportation trailers and semi-trailers
• Qualified blood collecting vehicles used by qualified blood collector organizations
• Mobile machinery that is used for non-transportation purposes

Exempt carriers may be required to file tax forms with the IRS or notify the local department of motor vehicles (DMV) of their exempt status

there are other vehicles that are exempt based on the number of miles it is driven:
• Commercial Vehicles traveling less than 5,000 miles annually
• Agriculture Vehicles traveling less than 7,500 miles annually

The above vehicles are called Suspended Vehicles, but must be reported to the IRS.

What is the Purpose of HVUT?
The HVUT is a significant source of transportation funding in the U.S. In 2006 alone, the HVUT generated more than $1.4 Billion in Federal Highway Trust Fund (HTF) revenue.

The Federal HTF protects America’s investment in its transportation infrastructure. In 2007 alone, Federal HTF receipts were $39.9 Billion, with $34.9 Billion dedicated to the HTF’s Highway Account. The Federal HTF finances a wide spectrum of transportation investments which include:
• Highway improvements (e.g., land acquisition, other right-of-way costs, preliminary and construction engineering, construction and reconstruction, resurfacing and restoration costs of roadways and bridges)
• Highway and bridge maintenance
• Highway law enforcement
• Safety programs (e.g., driver education and training, vehicle inspection programs, enforcement of vehicle size and weight limits)
• Congestion relief projects
• Administrative costs (e.g., research, engineering)
Investment in our nation’s highway infrastructure helps:
• Save money, time, & lives
• Reduce the amount and severity of crashes for all kinds of vehicles
• Enhance the ability of emergency responders
• Lower fuel and insurance costs
• Decrease energy consumption
• Ease congestion
• Boost air quality
• Increase mobility
• Improve the efficiency of the movement of goods
• Raise business productivity
• Strengthen the nation’s economic productivity

Since the vast majority of all funds contributed by states to the Federal HTF are returned through highway improvements, this is a direct incentive for state agencies to take necessary measures to enhance HVUT compliance.

Express Truck Tax offers E-Filing for Form 2290 for as little as $9.90

November 15th, 2011

ExpressTruckTax.com makes filing truck taxes easy. With step-by-step help and an excellent USA based support team, an IRS Form 2290 or 8849 can be filed in minutes.

ExpressTruckTax.com is now accepting the IRS Form 2290, Heavy Vehicle Use Tax Return (HVUT), for the 2011-2012 tax years. Their fast and intuitive system is as powerful as it is versatile. Whether it’s a one-man trucking company, or a national corporation with multiple fleets, everyone can get far when they’re rolling with Express Truck Tax.
Here are some of the services that Express Truck Tax has to offer:
Easy-to-Use System
-Contextual help and video guides with clear instructions appear throughout the process. They’ve done everything possible to make taxes less taxing.
Real-Time Notifications
-Get notifications about the status of a tax return through emails, text messages and even fax! The Schedule 1 can be emailed or faxed automatically to a trucking or leasing company.
Quick Credits http://www.expresstrucktax.com/
-While filing Form 2290, the system can identify credits and help users quickly and easily file Form 8849, so users get their money back from the IRS faster. An IRS Form 8849 is automatically generated when tax credits exceed the amount of tax due.
Bulk Upload
-Companies with more than 25 trucks are required by the IRS to e-file Form 2290. Instead of entering each truck one by one, entire fleets can be uploaded using an Excel spreadsheet.
Express Truck Tax is offering the greatest value in the industry for HVUT e-filing; there are also dozens of prices and packages to suit any company in any situation. Tax professionals can take advantage of deep price discounts and special packages for their clients. The tax system is so fast; a stamped Schedule 1 from the IRS can be received in a matter of minutes.
Express Truck Tax helps you file applications for amendments and free VIN corrections in a few easy steps. The system performs a free internal audit of tax information to check for errors before it is submitted. If additional help is still needed, the experienced Express Truck Tax Team is available anytime in English and Spanish from their USA-based customer support center in Rock Hill, SC.
Express Truck Tax has close ties to the trucking industry. They are exclusively recommended and endorsed by several major state trucking associations. Through these partnerships, Express Truck Tax is able to provide continuing support to those within the trucking industry.
There’s really no better combination of affordable prices and knowledgeable professionalism in the industry. To get started now, visit ExpressTruckTax.com

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A Record Number of IRS form 2290 Filings with Express Truck Tax

November 14th, 2011

On November 1, 2011 the IRS began accepting E-Filing of the IRS Form 2290 for the 2011 – 2012 Tax Period. Since then, there has been a record amount of E-Filing of the Form 2290 through ExpressTruckTax.com. Due to a delay in the filing process, the Form 2290 is due by November 30 for each vehicle that has a First Use Month of July, August, September, or October of this year. Due to this short filing season, it is especially beneficial to E-File this Tax Return online.

Thousands have already used ExpressTruckTax.com to file this form for filing Heavy Vehicle Use Taxes. HVUT is an annual tax which is imposed on heavy vehicles weighing 55,000 pounds or more that operate on public roads. The funds from this tax help fund highway projects.

Some of the benefits to filing a HVUT return with Express Truck Tax include the following:

File with ExpressTruckTax and receive:
• The Best Value in the Industry
• Account setup and full service support for free
• Free VIN Corrections
• Receive Stamped Schedule 1 back in Minutes
• Automatic notification to your trucking/leasing company

Award Winning US-based Customer Support:
• Based in Rock Hill, South Carolina
• Personal account manager for your business
• Live phone, email, and chat support
• Help text and videos throughout the application
• Tax Professionals and IT Experts ready to help at a moment’s notice
• File online or over the phone
• 98% customer approval rating
• Trusted by many of the largest carriers and service providers in North America

A State-of-the-Art Application:
• Most features available
• Receive Email, Fax, and FTP copies of your Schedule 1
• Bulk upload taxable, suspended, and credit vehicles
• Automatically generate refund or credit applications (Form 8849)
• Maintain unlimited businesses and unlimited vehicles with a single login

Don’t waste any more time! Get your Form 2290 Filed today and join the thousands of others who have received their Schedule 1 in minutes! HVUT is due on November 30. You can always contact Express Truck Tax for any Truck Tax questions!

The Cost of Filing Late (HVUT IRS Form 2290)

November 13th, 2011

Anyone with serious experience in the trucking or transportation industry will tell you that there are many more business and economic responsibilities for truckers and Owner Operators besides simply getting something delivered at the right time and place. Heavy Vehicle Use Tax, or HVUT, is one of the most common taxes that the IRS imposes on heavy highway vehicles in the United States. Paying this tax properly involves filing the IRS Form 2290 and then receiving a Stamped Schedule 1 from the IRS. This Form is so easy to E-File online, and thanks to Express Truck Tax, there is no reason to be late, as you can see from the following points:

IRS Fines

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. Unless you enjoy IRS Audits and spending time in courtrooms, it is a terrible to not pay your taxes.

A Form 2290 can be filed at any time after the deadline has passed but the tax due may be subject to penalties and interest. 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 (Form 2290) 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.

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.

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.

It’s So Easy

With Express Truck Tax, their team of Truck Tax experts will guide you through the process. All you need to do is login to www.ExpressTruckTax.com and start entering the vehicles that you need to file for. If there are any questions, you can call them at 704.234.6005 or send an email to support@ExpressTrucktax.com.

When you E-file IRS form 2290 with expresstrucktax.com there is no reason that it would not be on time as long as you submit it before the deadline. This year it is even more important to be sure to file on time because the Form 2290 must be filed within the month of November. With this close time frame, it is best to E-File instead of risking it getting lost in the mail. It’s made as easy as 1-2-3 to e-file truck tax with Form 2290 and gets IRS stamped Schedule 1 in few minutes. Avoid IRS penalties and Audits by keeping your 2290 records with express truck tax.

Express Truck Tax Offers Top Quality Customer Support to e-file IRS Form 2290!

November 11th, 2011

The Customer Service team at Express Truck Tax is always standing by to take any calls, emails or online chats that come their way. No automated responses or long on-hold times. Just high quality customer support. Their support center is US-Based in Rock Hill, South Carolina and they make sure to treat all callers with a true southern hospitality.

For anyone who needs to file a Form 2290 for their Heavy Vehicle Use Taxes (HVUT) Express Truck Tax is the best way to go! They offer the best prices and the best support out there. But don’t just take our word for it. Here are a few words from our customers over the past week:

“I was skeptical of using an online provider for this, but after I spoke with the folks at Express Truck Tax, I was able to complete this Form in just a few minutes!”
-Bradley G.
New Mexico

“No More waiting at the IRS office for me! Even for the minor fee, Express Truck Tax is totally worth it”
-Harold W.
Iowa

“When it comes to computers, I am pretty much illiterate, but Express Truck Tax really made it easy for me to File my 2290 and get my Stamped Schedule 1 in minutes.”
-Ruth D.
North Carolina

“I used another provider last year, and I was shocked to find that Express Truck Tax offered better prices, customer service and the system was even easier to use. Using ExpressTruckTax.com was a no brainer.”
-Max R.
Oklahoma

“As a tax preparer, I used to prepare the Form 2290 by hand and paper files it with the IRS for all my clients. ExpressTruckTax.com has saved me so much time. I couldn’t do without it!”
-Joel L.
Kentucky

Don’t waste any more time! Get your Form 2290 Filed today and join the thousands of others who have received their Schedule 1 in minutes! HVUT is due on November 30. You can always contact Express Truck Tax for any Truck Tax questions!

How to Pay Heavy Vehicle Use Taxes with IRS Form 2290?

November 9th, 2011

Heavy Vehicle Use Taxes, or HVUT, must be filed annually by the registered owners of heavy highway vehicles used on public roads. This tax is typically collected for the tax period which ranges from July to June of the next year. Until recently, these forms had to be paper filed either in the IRS office, or by postal mail. The IRS has recently begun to accept and encourage taxpayers to E-File this return now.

ExpressTruckTax.com is an IRS authorized E-File provider for this form. To file this form electronically using this service, it takes only a few minutes of your time. Once the form is submitted to the IRS, the taxpayer will receive a Stamped Schedule 1 within minutes of filing in an email as a pdf attachment.

To pay this tax, the IRS offers several different methods of payment. They accept Electronic Funds Withdrawal, EFTPS, and Check or Money Order.

An Electronic Funds Withdrawal can be from either a checking or savings account. All that is needed to set this up is a routing number and an account number.

EFTPS stands for the Electronic Federal Tax Payment System. To pay using this method, one must already have an account set up with EFTPS. If you do not already have an EFTPS account, it can take 2 weeks or more to create one.

And of course there is also the option to pay either by check or money order. For either of these forms of payment, you can download a payment voucher from Express Truck Tax after you have gone through the process of filing. If you selected to pay by check or money order, you will have the option to download a Payment voucher from the Action column of the dashboard of your account. With this voucher, you can mail the check or money order to your local IRS office. Even if you select to pay by check or money order, you can still E-File the Form 2290 instantly. The Form will still be accepted by the IRS and the person filing will still receive a stamped schedule 1 within minutes. The check or money order would be due by November 30th.

To pay the minor processing fees to Express Truck Tax, you can pay by debit card, credit card, or by an Electronic Funds withdrawal. If you choose to pay by electronic funds withdrawal, you can use the same account that the taxes were paid from.

For Service providers such as tax professionals or Trucking associations that need to file many 2290 Forms. Express Truck Tax also offers several prepayment options. This includes buying credits for future returns, unlimited returns per client, and unlimited filings for the year for various prices.

Filing Process for IRS Form 2290 in November 2011-2012

November 8th, 2011

In order to file the IRS Form 2290 for Heavy Vehicle Use Taxes (HVUT), Express Truck Tax has made the process Quick, Simple, and Easy-to-use. When you use Express Truck Tax to E-File a Form 2290, the process takes just a few minutes. Choosing to E-File this return is much simpler than paper filing. Instead of using a confusing form full of tax jargon, Express Truck Tax has simplified the form to plain English. It is just a series of questions, mostly pertaining to basic business information. The process is broken down into several short and to-the-point sections.

The first step to Filing the Form 2290 Online is to go to ExpressTruckTax.com an IRS Authorized E-File Provider for Heavy Vehicle Use Taxes. From this page, you can get started on a Form 2290, IFTA filing, or sign up as a service provider. To login, just click on the Sign-Up button. From here, just enter some basic information to set up you Express Truck Tax account. (Please note: it is totally free to create an account. You only pay per return)

After signing up, you will be taken to the Dashboard of your account. This page displays your basic business information as well as the status of your most recent returns. From here, you can add new businesses to file for, as well as create new returns. To File a new 2290, just click on Create New Return at the bottom of the page.

The first thing that will be asked is the First Use Month of the vehicle as well as the year that you are filing for. If the vehicle has been on the road since last year, then select July 2011 as the first use month because that is the first month of the tax period.

On the next section, you can add heavy vehicles. There are several categories to add them to. They can be Taxable Vehicles, Suspended Vehicles, Prior Year Suspended Vehicles, Sold/Destroyed/Stolen Vehicles, or Low Mileage Credit Vehicles. Taxable Vehicles are normal heavy vehicles that travel a minimum of 5,000 miles per year. Suspended Vehicles fall below the 5,000 mile threshold (7,500 if agricultural) and no taxes are due for these, but they must still be filed for. Prior Year Suspended Vehicles are vehicle that were filed for previously, but they either exceeded the mileage threshold or the vehicle was sold. Sold/Destroyed/Stolen Vehicles are just as they sound – sold, destroyed, or stolen before June 1. Low Mileage Credit Vehicles are recorded if taxes were paid for a vehicle in the previous year, but the vehicle never exceeded the mileage threshold.

After selecting the type of payment for the taxes due, the system performs an internal audit of the information that was submitted. This audit checks for any basic errors that may have been made.

You can then select how you would like to pay the IRS. The IRS accepts Electronic Funds Withdrawal, EFTPS, and check or money order. An electronic funds withdrawal would instantly withdraw the payment from a bank account within 5 business days. EFTPS stands for the Electronic Federal Tax Payment System. It is a government program, but in order to use it you must already have an EFTPS account (this can take at least 2 weeks to create). A check or money order can also be used to pay the taxes due. In order to use this method, you will need to print a payment voucher from the Express Truck Tax website then mail that to your local IRS office.

Before you finish, ExpressTruckTax.com offers many additional services such as an automated text message to your cell phone as soon as the Schedule 1 is available. You can also have the form faxed to anyone including your leasing company, trucking association, or yourself.

Trucking Spotlight

November 7th, 2011

You can send your Truck Image, we can list that in our Blog

This Picture comes from Blane Manuel – 2003 Peterbilt 379

If you have used us in the past, you can also send us a picture of your vehicle, and we will post it on our blog.

Express Truck Tax Customer Spotlight!

November 4th, 2011

Express Truck Tax Customer Spotlight

This Picture comes from: Dean Fern – 2007 Volvo 630, 450 Cummins, 10 sp

If you have used us in the past, you can also send us a picture of your vehicle, and we will post it on our blog.

E-file HVUT (IRS Form 2290) for 2011-2012

November 2nd, 2011

The 2011-2012 Tax Period is here and the IRS is now accepting the Form 2290 for the new tax year! ExpressTruckTax.com can help you get the form as quickly as possible without all the headaches and stress of waiting in the IRS office or sending the form in the mail. Express Truck Tax has already helped thousands of others to E-File their Heavy Vehicle Use Taxes (HVUT) with Form 2290.

The everyday low prices can help you save money! With the most experienced HVUT e-filing staff, award-winning US-based customer service, and pricing to fit any fleet, it’s no surprise that ExpressTruckTax is the leader in HVUT E-Filing!

For more reasons as to why eFiling is the best way to File HVUT, here are the following points:

Although the IRS still accepts physical tax returns by postal mail, it does appear to be moving away from that and closer to requiring E-Filing more and more. 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.

The IRS has already made it mandatory for all Trucking Companies or other industries that have to file a Form 2290 for 25 or more heavy vehicles to E-File the return as opposed to 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 October 3rd, the Form 2290 will be due on November 30th.

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.

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