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Showing posts with label Form 2290 filing. Show all posts
Showing posts with label Form 2290 filing. Show all posts

Friday, June 22, 2018

Top 10 Questions You Have About The Heavy Use Tax

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trucking on the road after his form 2290 filing is complete
The Heavy Vehicle Use Tax or Form 2290 filing season is officially here! Every day at ExpressTruckTax, we take thousands of calls from truckers just like you. To help you get ready here are the top 10 questions you have about the heavy use tax.

Top 10 Questions ExpressTruckTax is Asked About The Heavy Use Tax

1. When is Form 2290 payment due?
For most people, it’s due on 8/31/2018. But why run the risk of forgetting and facing IRS penalties?! File today with ExpressTruckTax and be set until 2019.

Your IRS Form 2290 is due on the last day of the month following your truck’s first month of use during the reporting period. So if your truck was on the road last July your Form 2290 filing deadline is August 31, 2018. When you file your IRS Form 2290 with ExpressTruckTax you will receive you stamped Schedule 1 in a matter of minutes.

2. Do I need an EIN?
Yes, even without employees, you must have an EIN.

As an owner-operator, you will need an employer identification number or EIN. It is used by the IRS to identify your trucking business for tax purposes. Contact the sister product of ExpressTruckTax, TSNAmerica to apply for your EIN over the phone. However, don’t wait to apply because it can take up to 10 days to become active.

3. When does my 2290 expire?
The end of June, unless you’re special. Your Form 2290 due date and expiration date varies based on when you purchased your vehicle. Your best bet is to call ExpressTruckTax at (704) 234-6005 for more information.

4. Can I transfer my truck tag?
Sure, but you can’t transfer your 2290. When you purchase a new rig, you will file Form 2290 for your new vehicle then adjust your tax credits using Form 8849 Schedule 6. At ExpressTruckTax you can go ahead and file Form 8849 Schedule 6 to claim your refund after completing your Form 2290 filing. You will report your new vehicle for a pro-rated tax period based on when you first used it. It will take approximately 4 to 6 weeks for the IRS to process your refund.

5. Is my Schedule 1 still good?
It is different for everyone, but you can look at your current Stamped Schedule 1 to find out. Or simply contact ExpressTruckTax and we will look up your previous tax year information.

6. Do you offer Spanish support?
Si, habla Espanol.

At ExpressTruckTax we offer bilingual support in both English and Spanish. Our support team located in historic downtown Rock Hill, SC is available by phone, email, and live chat.

7. If I file my Form 2290 now, so I have to pay now?
If you select ‘check or money order’ during filing, your Form 2290 tax payment is due 8/31/2018.

Or if you would like to pay during the ExpressTruckTax Form 2290 filing process, you can do so using your debit or credit card. For more information on credit or debit card payments click here

8. Where are you located?
ExpressTruckTax is located in historic Rock Hill, SC. We don’t outsource our support like some people…. Also, we promise never to stick you with a robot or automated call system. Give ExpressTruckTax a call at 704.234.6005 or send us an email at support@expresstrucktax.com for 24-hour bilingual support in English and Spanish.

9. If I hate Form 2290 filing, is there a way you can do it for me?
Yea, for a small fee ExpressTruckTax's expert US-based support staff, will file your Form 2290 for you over the phone. The process is straightforward and will only take 5 minutes. Receive a copy of your stamped Schedule 1 in a matter of minutes with ExpressTruckTax.

10. Are you really running a giveaway for anyone who files 2018-19 Form 2290 before 6/30/2018?
Absolutely! You should definitely file before June 30th to be automatically entered to win an IGLOO IMX cooler for your truck. On July 2nd, 2018 we will announce the winner during a live Facebook party! https://goo.gl/hfaS9R

File Your 2018-2019 Heavy Use Tax With ExpressTruckTax

Instead of having to wait in a long line at an IRS office, you can quickly complete your Form 2290 filing online with ExpressTruckTax. Plus, the process is incredibly easy with our step-by-step filing guide. Complete your IRS Form 2290 in just a few minutes with ExpressTruckTax and transmit it directly to the IRS. Be among the first to receive your stamped Schedule 1!



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Thursday, June 21, 2018

Form 2290 Filing Penalties You Need to Know

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Form 2290 Filing Penalties You Need to Know
The heavy highway use tax or Form 2290 due date is quickly approaching. Have no fear, you still have plenty of time for Form 2290 filing with ExpressTruckTax. But what happens if you miss the Form 2290 due date? Well, in short, you will have some major IRS penalties. Here are the Form 2290 filing penalties you need to know before the deadline and how to file with ExpressTruckTax.


Taxes can be confusing and often frustrating when trying to decipher IRS terminology, but if you miss your Form 2290 due date, the penalties will make the whole tax situation even worse. That is whyExpressTruckTax is here to help you with your Form 2290 filing.


Heavy Use Tax Penalties

If you can show reasonable cause for failing to file or paying on time, you may not be penalized. If you complete your Form 2290 filing with ExpressTruckTax after the deadline be sure to attach an explanation to your return to show reasonable cause. However, your explanation may or not be accepted by the IRS.

The penalty for failing to file your heavy use tax IRS Form 2290 by the August 31 deadline with ExpressTruckTax is equal to 4.5% of the total tax amount due, and the penalty will increase on a monthly basis for up to five months. The penalty for failing to pay your heavy highway use tax payment is .5% of your total tax amount. You will also face an additional interest charge of .54% per month. This penalty can make the amount you owe increase pretty quickly.

Form 2290 Filing Penalties You Need to Know
Depending on the state, your vehicle may be suspended until you can provide proof of HVUT payment. Your stamped Schedule 1 serves as your proof of payment, and you receive it after your Form 2290 filing. You need a stamped Schedule 1 to renew your tags and register new vehicles. Without it, you will be operating illegally. Trust me you don’t want to mess with that so it is important you file on time with ExpressTruckTax and receive your stamped Schedule 1. 






Form 2290 Filing Made Easy With ExpressTruckTax

Now that you know what to expect if you file or pay after the Form 2290 due date we are sure you will avoid it. Thankfully there is a super easy solution. ExpressTruckTax provides you a quick and convenient e-filing process for hassle-free Form 2290 filing.

If you have any questions, ExpressTruckTax is here for you every step of the way. We have a dedicated ExpressTruckTax US support team ready to help you! We promise never to stick you with a robot or automated call system. Give us a call at 704.234.6005 or send us an email at support@expresstructax.om for 24-hour support in both English and Spanish.



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Tuesday, June 19, 2018

7 Important Mistakes to Avoid When Filing Your Heavy Use Tax

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Attention all truckers! The Heavy Vehicle Use Tax (HVUT) season is upon us!

However, time and time again we tend to make the same mistakes when it comes to Form 2290 filing. So let’s go over the seven important mistakes to avoid when filing your heavy use tax.

1. Incorrect EIN

As an owner-operator, you are required to have an employer identification number (EIN) to file your heavy use tax. An EIN is assigned to companies operating in the United States to identify them for tax reporting purposes.

Your trucking business’s EIN will be a string of nine digits, similar to your Social Security Number, but they can be easily distinguished because of their format (EIN: 12-3456789 SSN: 123-456-789). Although this number is labeled as identification for “employers,” your trucking business is still required to have one for Form 2290 filing. If you use your SSN, your IRS Form 2290 will be rejected.

If you still need an EIN don’t worry, you can quickly apply for one over the phone with our sister product, TSNAmerica. It will take you less than 10 minutes to request your EIN! However, once you apply, please keep in mind it will take approximately two weeks for it to be active in the IRS database.

2. Incorrect VIN

Your Heavy Highway Use Tax will be rejected if your VIN or Vehicle Identification Number is wrong. Because VINs consist of 17 characters including both numbers and letters it can be really easy to mistype one or more of them.

So whip out those glasses to clearly read your VIN and remember to type slowly. Double check your VIN to make sure that it is correct. If you have gotten your VIN wrong in the past, you might want to triple check before sending it to the IRS.

Thankfully when you file your heavy use tax with ExpressTruckTax, you can correct your VIN and retransmit to the IRS for free.

3. Tax Calculation Errors

At ExpressTruckTax we understand that tax calculations can be hard; which is why our system automatically calculates your tax amount for you. So during the Form 2290 2018-19 season, you don’t have to worry about all the complicated tax math.

Plus, when you are ready to file your Heavy Highway Use Tax, you don’t have to worry about paying right then. Merely pay before the August 31st deadline to avoid any IRS penalties.

4. Incorrect Filing Status

If you know you will travel fewer than 5,000 miles on public highways during the upcoming tax year, then you should file your vehicle as suspended, This will save you both time and money, and if you ever exceed the mileage limit, you can always submit an Amendment through ExpressTruckTax.

5. Incorrect Tax Year

When you start your Form 2290 filing process be sure to select the correct year! You will want to file for the 2018-19 tax year. If you have any questions contact our US-based support team.

6. Duplicated Vehicle Information

You don’t need or want to enter a single vehicle more than once. However, if you accidentally enter the same vehicle’s information twice, you can remove it easily by clicking the “remove” button next to the duplicate vehicle.

7. Incorrect First-Used Month


If you make this mistake, your Heavy Highway Use Tax might not be rejected, but it will cause a problem when it comes time to get your new truck tags. The tax year for HVUT begins July 1st. This means the first-used month is automatically July even if you are filing in June or August. There is only one instance where you would choose a later month, and that is if your truck was purchased after the beginning of the tax year.

For example, if you purchase a new truck in September, then that would be the first-use month.

The Key to Correct Form 2290 Filing

So what does it all boil down to? Make sure you check, re-check, and triple check your taxes again before hitting submit.

If you have any questions, we are here for you every step of the way! We have a dedicated US support team ready to help you! We promise never to stick you with a robot or automated call system. Give us a call at 704.234.605 or send us an email at support@expresstrucktax.com for 24-hour support in English and Spanish.



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E-file your HVUT Form 2290 with ExpressTruckTax.