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Showing posts with label 2290 tax. Show all posts
Showing posts with label 2290 tax. Show all posts

Thursday, August 1, 2013

Trucking Spotlight

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- Don Shaw

A HUGE Thanks to Don for sharing this impressive photo! "Oversize Load" is a bit of an understatement!

If you would like to share photos of your truck, we would love to feature them on our blog. Photos can be submitted after E-Filing the IRS Form 2290 at
ExpressTruckTax.com
Read More »

Wednesday, July 31, 2013

Trucking Spotlight

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- Eric Steele

- Eric Steele Trucking

- Third Generation Northern California Logger


Thanks to Eric for sharing this great photo of your Kenworth Logging Vehicle! 

If you would like to share photos of your truck, we would love to feature them on our blog. Photos can be submitted after E-Filing the IRS Form 2290 at
ExpressTruckTax.com
Read More »

Tuesday, July 30, 2013

Trucking Spotlight

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- Brad Danielson

Thanks to Brad for sharing this photo of his truck on the road!

If you would like to share photos of your truck, we would love to feature them on our blog. Photos can be submitted after E-Filing the IRS Form 2290 at
ExpressTruckTax.com
 
Read More »

Thursday, July 18, 2013

Form 2290 First Use Month

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When E-Filing Form 2290 with ExpressTruckTax, you will be asked to provide the first use date for the vehicle. This dates refers to the time when the vehicle was placed in service during the tax period.  If the vehicle has been placed in service for  previous years and will continue to be in service this year, the first use month will be July.  This is because the tax period for Heavy Vehicle Use Taxes begins in July and ends in June.

If a new vehicle is placed in service during the tax period, the first use month will be the month in which the vehicle was first used. If a vehicle was only used for part of the tax period, the tax will be prorated based on the number of months the vehicle was actually used. For example, if a vehicle was used on May 27th, it will be taxed as though it was used the entire month, regardless of the fact it was only used for a couple of days, and the tax will be based on 2 months, instead of the full year.

To E-File the Form 2290 online now, go to ExpressTruckTax.com or contact our Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.  We have Spanish Support too!

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Wednesday, July 10, 2013

Trucking Spotlight

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-  J. Bower Trucking
-  My old Kenworth

Thanks for sharing this photo.  This Kenworth looks great, no matter what its age may be. 

Keep on Trucking & we will Keep on E-Filing the Form 2290!
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Friday, July 5, 2013

Trucking Spotlight

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- Ivica Petrovic

- Safe Cargo Line, Inc

Thanks for sharing this photo of your Peterbilt with us, Ivica.  We wish you safe travels on the road ahead!  Keep on Trucking!
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Tuesday, July 2, 2013

Trucking Spotlight

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-  Jerry Burcham Trucking

Thanks for sending us this photo of your truck, Jerry.  We are glad to help you E-File your Form 2290 so that you can keep on trucking.  The ExpressTruckTax Team wishes you a Happy 4th of July!

Stay Safe on the Road
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Monday, June 24, 2013

New 2013-2014 Form 2290 Tax Year Is One Week Away

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The new Heavy Vehicle Use Tax (HVUT) year begins July 1, 2013 and runs through June 30, 2014.  The Form 2290 filing deadline for all taxable vehicles for the new tax year is August 31, 2013.  All tax must be paid in full by the deadline to avoid penalties.

The tax is based on the gross vehicle weight and ranges from $100 to $550 per year per vehicle.  For vehicles first used during any other month than July during the tax period, the tax is prorated and due by the last day of the month following the month first used.  For example, if a vehicle will be first used in December, the Form 2290 would have to be filed by January 31, 2013.  There is no tax due for any vehicle used than 5,000 (7,500 agricultural) miles during a tax period.  The Form 2290 return would still need to be filed, but the vehicle would be classified as a suspended vehicle, so no tax would be due.  There are other circumstances where a vehicle is classified as suspended, but ExpressTruckTax enables you to identify those vehicles.

States require a stamped Schedule 1 as proof of payment for the Heavy Vehicle Use Tax in order to register the vehicle.  With ExpressTruckTax you will receive your stamped Schedule 1 within minutes, so you no longer have to wait to register or renew your vehicles.

For more information visit ExpressTruckTax.com or contact our Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.  We have Spanish Support too!

Read More »

Thursday, June 13, 2013

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When E-Filing Form 2290 with ExpressTruckTax, you will be asked to provide the first use date for the vehicle. This dates refers to the time when the vehicle was placed in service during the tax period.  If the vehicle has been placed in service for  previous years and will continue to be in service this year, the first use month will be July.  This is because the tax period for Heavy Vehicle Use Taxes begins in July and ends in June.

If a new vehicle is placed in service during the tax period, the first use month will be the month in which the vehicle was first used. If a vehicle was only used for part of the tax period, the tax will be prorated based on the number of months the vehicle was actually used. For example, if a vehicle was used on May 27th, it will be taxed as though it was used the entire month, regardless of the fact it was only used for a couple of days, and the tax will be based on 2 months, instead of the full year.

To E-File the Form 2290 online now, go to ExpressTruckTax.com or contact our Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.  We have Spanish Support too!

Read More »

Monday, April 8, 2013

What is My First Use Month?

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When E-Filing Form 2290 with ExpressTruckTax, you will be asked to provide the first use date for the vehicle. This dates refers to the time when the vehicle was placed in service during the tax period.  If the vehicle has been placed in service for  previous years and will continue to be in service this year, the first use month will be July.  This is because the tax period for Heavy Vehicle Use Taxes begins in July and ends in June.

If a new vehicle is placed in service during the tax period, the first use month will be the month in which the vehicle was first used. If a vehicle was only used for part of the tax period, the tax will be prorated.

To E-File the Form 2290 online now, go to ExpressTruckTax.com or contact our Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.  We have Spanish Support too!

Read More »

Monday, February 18, 2013

What is My First Use Month?

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When E-Filing Form 2290 with ExpressTruckTax, you will be asked to provide the first use date for the vehicle. This dates refers to the time when the vehicle was placed in service during the tax period.  If the vehicle has been placed in service for  previous years and will continue to be in service this year, the first use month will be July.  This is because the tax period for Heavy Vehicle Use Taxes begins in July and ends in June.

If a new vehicle is placed in service during the tax period, the first use month will be the month in which the vehicle was first used. If a vehicle was only used for part of the tax period, the tax will be prorated.

To E-File the Form 2290 online now, go to ExpressTruckTax.com or contact our Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.  We have Spanish Support too!

Read More »

Monday, December 17, 2012

What You Need to File Form 2290

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ExpressTruckTax.com is the quickest, easiest, and best value for filing your Form 2290 (Heavy Truck Use Tax) online with the IRS. While the deadline to file Form 2290 for vehicles is December 31st, keep in mind that you will have to visit the nearest IRS office in order to file your return if you don’t file before December 26, 2012. The IRS has a scheduled shutdown beginning on Wednesday, December 26 and ending on Monday, January 7, 2013.

Here are a few points to keep in mind while E-Filing.
  • 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

Choose an IRS payment option:
There are several options to pay the HVUT taxes with the IRS.
  • Electronic Funds Withdrawal, or Direct Debit: The IRS will collect the taxes due after they are provided with a bank account number and routing number
  • EFTPS: You have to schedule the payment to the IRS by going to EFTPS.gov.
  • Check/Money Order: The IRS also supports Check/Money Order as long as it is scheduled by the 31st.


To E-File the Form 2290 online now, go to ExpressTruckTax.com or contact our Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.  We have Spanish Support too!

Read More »

Thursday, October 4, 2012

Trucking Spotlight

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- Javier Muniz

- Mr. Herman Tompkins with our sister company TLS

Note:
We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
Read More »

Tuesday, August 28, 2012

Trucking Spotlight

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- Emel Pruismann
- FLD 120 bought off Ebay
- 12.7 Detroit Super 10

- 3.70 rears
- MPG averages 6.9
- I have never had it so good!


Note:
We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
Read More »

Friday, August 24, 2012

Trucking Spotlight

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-  Wayne Smith

-  Old 96 KW..... LOVE IT!

We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
Read More »

Trucking Spotlight

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- D&D Sexton Inc.

We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
Read More »

Monday, August 20, 2012

Misconceptions about Filing Form 2290

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Over the years, we have had reoccurring questions about a few misconceptions about filing Form 2290 for Heavy Vehicle Use tax (HVUT).  So we would like to provide some information to help clarify it for you.

What are my Payment Options?

There are 3 Options:
(1) Electronic Funds Withdrawal (EFW)
(2) Electronic Federal Tax Payment System (EFTPS)
(3) Mail a check or money order.

How do I apply for credit using Form 2290 when a vehicle is lost or stolen?

The Form 8849 Schedule 6, Claim for Refund of Excise Taxes, can be filed to claim a refund or credit of heavy vehicle use taxes previously paid.

What is a suspended vehicle?

A highway motor vehicle which does not exceed mileage 5,000 miles or less (7,500 miles or less for agricultural vehicles) is exempt from tax and considered ‘suspended.’

Do I pay the penalty using the Form 2290?

The IRS will notify you if you have a penalty due, at which time you can send a letter to the IRS explaining why you have reasonable cause for filing or paying late.

We hope these answers to the most common questions we receive, helps you. If you have any more questions, please contact our friendly US based customer support center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.
Read More »

Monday, July 16, 2012

Trucking Spotlight!

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-  Rey Moreno


-  Pro Star Enterprises, LLC


-  Born to Truck... Forced to Break!


We are proud to showcase our clients' trucks on our blog, if you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank you!
Read More »

Wednesday, September 28, 2011

All About IRS Form 2290 (Truck Taxes)

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What Is IRS Form 2290?
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
There are several providers of services that can help you E-File Form 2290 with the IRS, one such provider is www.expresstrucktax.com. They provide a very excellent service for all Truck Tax Needs.
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Saturday, September 24, 2011

Truck Tax (form 2290) Legislation Has Been Passed!

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The U.S. Senate approved a piece of legislation that will extend the funding of the Federal Aviation Administration (FAA) as well as for federal highway programs. The funding for these programs would have ceased, had this extension not been passed.

This Transportation bill has been extended several times already, and it is fairly widely agreed upon that a more permanent piece of legislation is needed to regulate this industry. However, this extension will keep up to a million highway workers at work. A simple extension is better than letting the bill expiring, which would furlough thousands of workers as soon as the legislation expired.

This basically serves as a stop-gap measure that will also provide the government with the ability to collect taxes on airline ticket sales through the FAA. Earlier this week, the FAA incurred a partial shutdown for two weeks, which cost the government $400 Million in taxes associated with airline ticket sales.

The Senate was able to pass the pill with a large margin of 92-6. This was largely due to some last minute negotiations by Sen. Barbara Boxer. Sen. Boxer is the chairman of the Senate Public Works Committee, which oversees the highway programs. Boxer negotiated an agreement between Republican senators Rand Paul and Tom Coburn due to their concerns of wasteful spending. This aided to avoiding a last-minute obstacle to the passage, because the FAA funding is set to expire this Friday (September 16).

John Crawley, a reporter for Reuters, had the following to say regarding the current state of Capital Hill:
“It remains unclear ahead of an election year whether the House of Representatives, which approved the extensions earlier this week, and the Senate can come together on the bigger bills before the next renewals are due.

The charged political climate in Washington is largely fuelled by partisan divisions over spending, taxes and budget deficits. The transportation bills would require several hundred billion dollars in funding over several years.”

Although it may be difficult to foresee how our elected officials will work together in the future, it is nice to see a healthy negotiation to pass a bill that the American people need.

This is a positive step for the Trucking and Transportation Industry. Although it is not yet possible to file Heavy Vehicle Use Taxes with Form 2290, the folks at Express Truck Tax will be available to answer any questions and help drivers file those taxes. For more information, visit the Express Truck Tax website or call our Truck Tax experts at 704-234-6005. You can also chat online, or email any questions to support@ExpressTruckTax.com.   
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ExpressTruckTax Blog

E-file your HVUT Form 2290 with ExpressTruckTax.