Archive

Archive for the ‘Schedule 1 proof of payment’ Category

E-File a Federal Tax Form 2290 and get a Stamped Schedule 1 in Minutes

February 24th, 2012
Comments Off

In order to E-File IRS Form 2290 and get a stamped Schedule 1, the process can be rather complicated. Fortunately, ExpressTruckTax has a solution to make this filing process as simple as possible.

Here are the traditional instructions:
• The First Step to Receive a Stamped Schedule 1 for your Heavy Vehicle Use Tax (HVUT) is to fill out the IRS Form 2290. The Schedule 1 is generated by the information entered in this form. This can be done either by hand or online.
• This Form then needs to be taken to the nearest IRS Office along with a proof of payment or proof of EFTPS (Electronic Federal Tax Payment System) Payment. This could also be mailed to the IRS as well.

o If the form is mailed to the IRS, it can take 4-6 weeks before it is processed.

o If the form is actually taken to the IRS, the nearest office may be many miles away. There can also be very long waiting period at the IRS office of up to several hours.

o Both options are very time consuming.

o The IRS will then review your Form 2290 and when it is verified, they will stamp it and return a portion of it to the taxpayer.

The 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.

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 popular among taxpayers and tax professionals. The IRS itself recommends E-Filing as their preferred method for filing most tax forms. A leading provider of this service for those in the Trucking or Transportation industry is www.ExpressTruckTax.com.

Instead of waiting for hours or up to 6 weeks for the IRS to stamp your schedule 1 and send it back to you, Express Truck Tax will get your Stamped Schedule 1 within minutes of filing. When you login to the site, you can enter the information for the Form 2290, and Express Truck Tax will then 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 email 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. The form will be transmitted with a watermark as well as an IRS E-File logo since the document will not be physically stamped. When ExpressTruckTax sends the Stamped Schedule 1 to the taxpayer, it will be sent as a pdf attachment. Although the form will not be physically stamped, the official E-File watermark serves as an official IRS stamp.

Heavy Highway Vehicle Use Tax Return (HVUT) IRS Form 2290 and Schedule-1

November 17th, 2011

Don’t Forget to E-File IRS Form 2290 This Year!

Although filing season has been delayed ExpressTruckTax has all your requirements fullfilled to file your Tax Online. HVUT must be filed between November 1, 2011 to November 30, 2011.

A Form 2290 return can be used for paying Heavy Highway Vehicle Use Taxes due for highway motor vehicles used during the tax period with a taxable gross weight of 55,000 pounds or more. It can also be used to calculate and pay taxes for vehicles that were previously listed as a Suspended Vehicle if that vehicle later exceeded the mileage threshold during the tax period.

HVUT, or Heavy Vehicle Use Tax, is a federal highway tax imposed annually on trucks, truck tractors, and buses using public highways. The tax applies to vehicles with a taxable gross weight of 55,000 pounds or more. Form 2290 is used for filing this tax and upon acceptance, the IRS will provide a Stamped Schedule 1 as proof of payment and can also be used to register the vehicle at the DMV.

Vehicle Owners and Operators use ExpressTruckTax.com to eFile HVUT using Form 2290 and receive a Stamped Schedule 1 in minutes.The IRS encourages all taxpayers to file the Form 2290 electronically for Heavy Highway Vehicle Use Tax Returns for 2011-2012. Electronic filing is required for taxpayers with 25 or more vehicles.

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.

Heavy Highway Vehicle Use Tax 2290 & IFTA: an Overview

October 19th, 2011

What are they?
Heavy Vehicle Use Tax (or HVUT) is, just as it sounds, an annual tax on Heavy Vehicles that operate on public highways. The IRS Form 2290 is what is used by the government to collect this tax. 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 tax collected 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.

IFTA is short for the International Fuel Tax Agreement, which is an agreement between American and Canadian jurisdictions to simplify the reporting of motor fuel taxes purchased and consumed. Under this agreement, one quarterly fuel use tax report is filed representing miles traveled, fuel purchased and used, and taxes/credits due in each member jurisdiction. The base jurisdiction then distributes the funds to each affected jurisdiction according to information contained in the quarterly fuel use tax reports. An interstate motor carrier operating “qualified motor vehicles” between at least 2 member jurisdictions (The 48 contiguous states of the US and 10 Canadian provinces) must have an International Fuel Tax Agreement (IFTA) license and decals issued by their base jurisdiction. If you have the IFTA license, you must file the Quarterly IFTA Return to your base jurisdiction.

How do they Work?
Besides the fact that they are both fees imposed on heavy vehicles, these are both similar in that they are both very complicated through the traditional paper-filing process. The complications with IRS Form 2290 come from the difficulty of actually filing one. The trouble with IFTA is that it is an incredibly detailed system.

The IRS Form 2290 includes a Schedule 1 which must be stamped by the IRS. This can either be mailed to the IRS, which can take up to several weeks to process. It can also be taken directly to the IRS office, which can take several hours of your day. This must be accompanied by the proof of EFTPS payment.

IFTA requires drivers of Heavy Vehicles to keep trip logs of miles traveled as well as how much fuel was purchased in each state or province. IFTA must be filed quarterly and the filing date is the 30th of the following month. These trip logs are difficult to keep up because they require very detailed information. As mentioned earlier, these forms are then filed with their base jurisdiction. Most states do not provide E-Filing as of yet. Therefore most of the time these forms are mailed to the state.

One Solution for Both
A simple solution for both of these is to use an online E-File Provider. The most advanced of the available services is www.expresstrucktax.com. Express Truck Tax acts as a one stop shop for all truck tax needs. Through them, you can E-File your Form 2290 with the IRS. It also provides a way to keep online records of your mileage and fuel purchases for IFTA reporting. This can make the IFTA process much easier.

Express Truck Tax Overview Video (E-file IRS form 2290)

October 17th, 2011


Why e-File Form 2290 with Express Truck Tax?
May be the more appropriate question would be, why wouldn’t you use Express Truck Tax to file Form 2290 or Form 8849 or IFTA? We don’t mean to brag, but we do have the lowest prices, the most experience, the best customer support and the most user friendly software to e-File Form 2290 in the industry.

We’re really good at what we do, and what we do is make taxes easier for you.

IRS Approved
We’re an IRS authorized e-file provider. That means we’ve worked closely with the IRS to provide you with a safe, secure, accurate process that will save you time and money.

Experienced
Our technical and support team is the most experienced team in the industry. We were around when the IRS mandated e-filing for Form 2290. We helped the first customers file online years ago. We know the ins and outs of the filing process better than anyone else.

Safe and Secure
We have taken every possible step to make sure Express Truck Tax is safe and secure. Our site is encrypted and is HackerProof and COMODO certified. Your information goes to the IRS, and no one else.

Expert Help
We made Express Truck Tax as easy to use as possible. You’ll find contextual help bubbles and support text all over the place, guiding you through the process step by step. We also have some helpful video guides if you feel like kicking back and watching how it’s done. If you get stuck, you can always email us, or give us a call.

Power to the Pros
We support tax professionals, our competitors don’t. If you’re a tax professional, you can use Express Truck Tax for your clients–all of them–and take advantage of tax professional discounts.

The Right Price
We know we’re not the only ones providing this service, but we do know we’re the only ones doing it at this price with this level of quality. You won’t find a better combination of tax savvy professionalism and value-based pricing anywhere.

IRS Stamped Schedule 1 Form 2290

September 9th, 2011
An IRS Form 2290 is not complete unless the Schedule 1 has officially been stamped by the Internal Revenue Service. The Form 2290 handles Heavy Vehicle Use Taxes, and the Schedule 1 is part of the IRS Form. To ensure that this is handled properly so that any Heavy Vehicle Use Taxes are reported and paid, there are several options. This form can be mailed, taken to the IRS directly, or the most efficient method: e-filing.  

Although there is not a way to e-file this tax through the IRS website, the IRS has authorized Express Truck Tax to file this return because they have passed the IRS Assurance Testing System (ATS) and/or Business Acceptance Testing (BATS) requirements for Software Developers of electronic business returns to the IRS.  

If you choose to mail the form to the IRS, it can take weeks for the IRS to respond with the official Stamped Schedule 1 in the mail. Because particularly if it is a busy time for the IRS. This is precious time that should not be wasted because the Stamped Schedule 1 is required in order to register the vehicle with the state DMV.

If you choose to actually deliver the form to the IRS office, you will be forced to wait in line for a representative to review the form and then stamp the Schedule 1. With this option, you are at the mercy of the IRS. The nearest office could be many miles away, and once you are there is no way to know how long it could take. People have reported that on a busy day at the IRS office, you may have to wait in line for as long as 6 hours.  

For these reasons it is easiest to use an online e-filing tool such as Express Truck Tax for your 2290 filing needs. Since it is authorized by the IRS for e-filing, that shows it is a trustworthy and reliable service.  Another benefit to using this particular service is that they have a team of Truck Tax experts that can take calls, emails, and online chats regarding any Truck Tax question you may have. For more information on the 2290 filing process, heavy vehicle use tax, IRS payment methods, etc visit the Express Truck Tax website or call our Truck Tax experts at 704-234-6005. You can also email any questions to support@ExpressTruckTax.com and the experts will respond within 24 hours.

Why you need to file IRS Form 2290(Federal Heavy Vehicle Use Tax Return)

August 1st, 2011
To file your HVUT with the IRS using Form 2290, it is very important that you keep accurate records, just like you would when filing any other type of tax return. It is crucial for anyone filing form 2290 to maintain their records for at least the prior 3 years for any taxable highway vehicles registered to them. For fleet owners and small trucking companies who have filed form 2290 in the past, it is wise to always keep the 2290 records on hand, as one never knows when IRS inspection may take place. It is even important to save these returns if they are only for a part of a year. In the case of a suspended vehicle (public highway use was less than 5,000 miles/year) it is still necessary to keep records of Form 2290’s filed for them as well.

You will need to gather the following information before filing form 2290 to accelerate the filing process.  You will need a description of all vehicles for which you are filing as well as a VIN (Vehicle Identification Number) for each one. You will also need to know the gross taxable weight of the vehicle.  It is also necessary to report the date the vehicle was acquired, as well as the name and address of the previous owner. The fist use month for the taxable period is also required for reporting. If a vehicle is considered to be suspended, keep a record of actual highway mileage. If the vehicle is an agricultural vehicle, then keep accurate records of the number of miles it is driven on a farm or field.

Keeping proper records of your 2290 information will be a great help to you in the unfortunate event of an audit.  It will also make the task of filing this form much easier.   

ExpressTruckTax.com is an IRS authorized E-File provider who can help you file form 2290 as well as keep secure online records of previously filed form 2290’s. For more information on the 2290 filing process, heavy vehicle use tax, IRS payment methods, etc visit the Express Truck Tax website or call our Truck Tax experts at 704-234-6005. You can also email any questions to support@ExpressTruckTax.com.

Express Truck Tax offers a Simple way to File IRS Form 2290; HVUT Taxes

June 30th, 2011

Express Truck Tax continues to be an Industry Leader in Innovation and New Technologies

In preparation for the upcoming 2011 – 2012 tax period, Express Truck Tax has announced the simplest, most secure, and most economical way to file IRS Form 2290 (Heavy Vehicle Use Tax).
Since the introduction of E-Filing Form 2290 in 2007, taxpayers with 25 or more reportable heavy vehicles have been required to electronically file with the IRS. This primarily includes larger trucking companies. Unlike most HVUT E-File providers who have historically targeted only large trucking companies, Express Truck Tax specializes in serving owner operators and small trucking companies.
These owner operators and small trucking companies benefit from the most affordable pricing in the industry. The US-based company, Express Truck Tax, allows users to file an IRS Form 2290 for as little as $9.90; the industry average for this service consistently averages about $30 for a single vehicle filing.
Express Truck Tax also uses the most practical and understandable language throughout the filing process. Instead of using an enormous form with confusing tax jargon, each part has been broken down into easy to understand sections. There are even help videos and text on each page to guide the user through the process. There is also free phone and chat support, as well as 24/7 email support for any questions along the way.
The simplification of this process has caused a surge in small trucking companies across North America to begin E-Filing their Form 2290 with Express Truck Tax. “We knew we had a good idea,” said Charles Hardy, Communications Director with Express Truck Tax, “but we never expected this kind of response. [The response] has been fantastic.”
Last month, Express Truck Tax became the first authorized HVUT E-File provider to offer complete service and support in Spanish. In addition to integrating the Spanish-language option into their current E-filing system (http://www.ExpressTruckTax.com), ExpressTruckTax has also released a new website (http://www.Forma2290.com) exclusively for Spanish speaking taxpayers who need to file HVUT returns. “In previous years, the Hispanic trucking community has generally been under-served,” said Moises Mejia, Director of Spanish Services with ExpressTruckTax. “While HVUT E-filing has been available since 2007, no provider has ever offered those services in Spanish – until now.”
James Harris, Director of Tax Products with Express Truck Tax, also commented on the significance of the Hispanic trucking community: “Reports show that one in seven long haul drivers speak Spanish as their primary language, and that number is expected to rise.” To support the additional Spanish-speaking taxpayers, Express Truck Tax has added more staff to their support center in Rock Hill, South Carolina. All support functions, including phone, email, and live chat support, will be available in both English and Spanish.
These are just a few examples of how Express Truck Tax has been an industry leader when it comes to innovation and new technology within this industry. There have been many other accomplishments that could also be mentioned here, such as the fact that Express Truck Tax was also the first to introduce Free VIN corrections, and also the ability to directly email the Schedule 1 to the leasing company.
Express Truck Tax also offers many other useful features for those in the trucking industry such as the ability to download a copy of the E-Filed 2290, Schedule 1 Form, and payment vouchers. Preparing IFTA returns can also be done online with Express Truck Tax. State IFTA returns can be automatically generated online with some useful features such as free online trip sheets, an abnormal MPG audit, and a state adjacency check to help boost information accuracy and avoid an audit. James Harris, Director of Tax Products with Express Truck Tax, is looking forward to the new tax period with much anticipation: “We at Express Truck Tax would like to wish all those in the trucking industry a safe and prosperous year. We look forward to working with so many great individuals again during this tax period.”

Managing Freight Logistics In A Small Trucking Company

November 20th, 2010
Featured Blogger
Benjamin Bellville
Today I am going to show you some simple ways for managing freight logistics for your small trucking company that will make your day to day operations easier. Meshing all of the different tasks together when you’ve never done so before can get a little tricky for the newcomer yet an ability to do so is important to your success as a small trucking company owner. Let’s look at the ways managing freight logistics can be made easier for the independent trucker or small fleet owner.

Outsourcing Freight Logistics
One of the biggest recurring themes for successful businesses is surrounding yourself with people providing services for you that lessen your work load and allow you to concentrate on the tasks that directly affect your revenue stream. These days there isn’t much that can’t be outsourced in any business, but to do so with all jobs would not be financially feasible with a small trucking operation. So which parts of managing freight logistics should be outsourced for a small trucking company and why?

Safety and compliance for your small trucking company can be outsourced to a service that will keep all of your safety records electronically which can be accessed on their website by you or an officer doing an audit of your files. The best advantage to this is it just looks more professional and you can guarantee that the files are being kept in a legal manner. It may seem a little expensive for just one to a few trucks, but when you consider that almost every little error could cost you a possible $10,000 fine then it doesn’t seem so steep. Think of it as D.O.T insurance and money well spent. One of the top companies that offer this service is Foley Services.

For mechanical upkeep it is something that in most small trucking companies will absolutely be outsourced. The best approach to doing this though is to build a relationship with a shop that is local to your company and get every bit of work needed done there. While many repair shops are out to gouge for every dime they can, you are more likely to get better deals by giving them steady business. Not to mention when one shop does the majority of your repairs they will have all of the records on hand to better evaluate current problems rather than just shooting in the dark and costing you more money. I had a great relationship with a shop local to me where they would often throw me small repairs for free since I always used them for my big repairs.

The last thing that should be outsourced is accounting. You need to make sure that in some way you and your drivers are keeping the best records possible so that when it is time to file your taxes it will cost less by taking less man hours for the accountant to calculate the data. In the future you can be sure to look for a new free program called “TruckLogix” that will help with not only financial record keeping but also mileage and fuel data. By using a program such as this all you need to do is input all of the data and hand over a copy to your accountant for filing.

By outsourcing these tasks you are going to be left with more time to concentrate on the bread and butter of trucking, freight! Finding loads, dispatching them and transporting them as well as working on customer relations. In my next post join me as I will be talking about the importance of including the driver in the freight logistics process to give your company a better chance of succeeding.

It’s never too soon to get set up for quick filing of your heavy tax needs here at Express2290, don’t procrastinate in order to have your filing needs ready for the click of a mouse with the best pricing in the trucking industry.
Express Extension