ExpressTruckTax Blog

Showing posts with label credit vehicle. Show all posts
Showing posts with label credit vehicle. Show all posts

Wednesday, January 20, 2016

HVUT Credits: Selling & Purchasing Vehicles

We’re a few weeks into 2016, and by this point you might have grown your fleet with a used (or new to you) truck. Or maybe you’re an Owner-Operator who is replacing an old vehicle. I mean, it looks like some sleeper trucks are just getting cheaper and cheaper. While you’re excited to be on the road in the new rig, it’s vital that you have your HVUT accounted for. With ExpressTruckTax, adding a credit for sold vehicles to your 2290 is easy.

How Do HVUT Credits Work?

When a vehicle is purchased from another owner who already paid their HVUT fees, the vehicle is covered until the end of the month of purchase. From the first day of the following month, it’s up to the new owner to pay the vehicle’s HVUT from the first day of that month to the end of the tax year.

With that said, it’s important to understand that the heavy vehicle use taxes DO NOT transfer from one owner to another. You’re required to file a Form 2290 and pay taxes on any qualifying taxable vehicle. The taxes also don’t transfer from your old vehicle to your new one! So if you sold your old truck after buying a new one, it’s the same process (just with the roles reversed). It’s annoying, sure, but you still have to do it.

Basically, the seller gets credited for the taxes they paid before they sold the vehicle, and the buyer owes the difference. And if you’re a seller, there are two ways to approach the credit. You can get the credit for the tax paid on your next Form 2290 filed or the refund can be claimed through Form 8849, if you don’t want to wait until the tax period ends.

Why don’t we just see how it’s done real quick?

What Are the Tax Implications When Buying or Selling a Suspended Vehicle?

Well, suspended vehicles come with a specific set of tax implications regarding their sale. If you sell a vehicle under suspension, you need to provide the following information:

  • Your name, address, and EIN,
  • VIN Number,
  • Date of the sale,
  • Odometer reading at the beginning of the period,
  • Odometer reading at the time of sale, and
  • Buyer's name, address, and EIN.

If everything is reported like above and the use of the vehicle exceeds the mileage use limit for the period after the purchase (including highway mileage recorded by the former owner), the new owner would be liable for the tax on the vehicle. If the former owner didn’t provide the required statement to the new owner, then the former owner would be held liable for that tax period.

With your new rig ready for the road, you can get back out there to the long haul. Don’t forget, after you pay your HVUT for this tax period, you’ll still be liable to pay for the new period that starts July 1st, 2016!

If you run into any questions about credits on ExpressTruckTax, our US-based bilingual support team is available through phone, email, and even live chat. Reach us by phone at 704.234.6005, or by email at

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Wednesday, September 30, 2015

The HVUT Deadline for Vehicles First Used in Sept. Is upon Us


Well, Trucking Nation, the deadline to file Form 2290 for Heavy Vehicle Use Taxes (HVUT) is coming up—October 31—for vehicles first used in September! If you traded in or purchased a new vehicle last month, or if you're just now putting your truck on the road, then this one applies to you.

Don’t worry, paying the HVUT online is quick and easy, and we’ve got you covered. In order to file a regular-use vehicle, its taxable gross weight must be at least 55,000 pounds and travel approximately 5,000 miles during the current tax period; and for an agricultural vehicle, the mileage use must be at least 7,500 miles.

Start Now to Get Your Filing out of the Way!

1. Sign in or Create an Account

2. Enter in Your Truck and Payment Information

3. Transmit Your Form to the IRS and Receive Your Schedule 1 in Minutes

If you need any assistance, ExpressTruckTax offers year-round support so you can get the help you deserve. They’ll even show you how to file for a Credit Vehicle, or a taxable vehicle that was sold, destroyed, or stolen recently, to get your tax money back.

You can call the support team at 704.234.6005 or email them at

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Thursday, September 24, 2015

How to Add Sold/Destroyed/Stolen Credit Vehicles


Hello, truckers! Do you have any taxable vehicles that were sold, destroyed, or stolen before June 1 of the current tax year? If you do, and they were not used for the remainder of the tax period, you’re able to claim a prorated credit or refund for some of the taxes paid. We’re here to tell you how!

To get started, follow the steps below:

1. Once you click Start New Return on your ExpressTruckTax dashboard, a pop-up will appear with three options to create a new tax return. Select Form 2290. (If you wish to receive a check from the IRS instead of credit, you can select Form 8849 Schedule 6.)

2. To reach the Sold/Destroyed section, fill out required information in the steps leading up to it:
  • Select which month your vehicle was first used.
  • Enter any taxable or suspended vehicles that you are filing for.
  • Add a suspended vehicle of the prior year if applicable. 
  • Once you’re there, select Add Credit Vehicle. 
Note: If you sold a truck and are adding a new truck, the credit amount from the truck sold will be applied to the tax amount owed on the new truck. In addition, if you are filing for a credit for a sold vehicle, there is a new regulation that requires you to enter in the name and address of the person who purchased the truck.

3. Provide the required vehicle details in the fields below, including your VIN number, taxable gross weight, and loss event, then click Save. 

We hope these instructions are beneficial to you, but if you need further assistance, don’t hesitate to contact us! You can call our support team at 704.234.6005 or email them at

Remember, Trucking Nation, we’re here for you!

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ExpressTruckTax Blog

E-file your HVUT Form 2290 with ExpressTruckTax.