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Showing posts with label efile IRS form 2290. Show all posts
Showing posts with label efile IRS form 2290. Show all posts

Tuesday, July 5, 2016

Form 2290 Due Dates for the Tax Year 2016 - 2017

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Form 2290 Due Date
Form 2290 Due Date Reminder
So you've kept track of your paperwork and you’re now ready to file your Form 2290 with the IRS to get your stamped Schedule 1.

But why wait in that long line at the IRS office, deal with people giving you a hard time and miss out on payable hours driving when you don’t have to?

That’s right; there’s a completely easier way to do all of this - ExpressTruckTax.

ExpressTruckTax is designed to help keep you on the road and out of the IRS office.

We even provide you with valuable information, such as Form 2290 due date for this year, the Form 2290 due date 2016, and the Form 2290 due date for 2017.

Take look at our easy-to-understand chart that explains exactly when you should file and pay your taxes:

If, in this period, the vehicle is first used during
Then, file IRS Form 2290 and make your payment by *
July, 2016
August 31, 2016
August, 2016
September 30, 2016
September, 2016
October 31, 2016
October, 2016
November 30, 2016
November, 2016
January 3, 2017
December, 2016
January 31, 2017
January, 2017
February 28, 2017
February, 2017
March 31, 2017
March, 2017
May 1, 2017
April, 2017
May 31, 2017
May, 2017
June 30, 2017
June, 2017
July 31, 2017


So you decide - would you rather stand in line at the IRS office and in the comfort of your own truck?

We’ll be waiting at ExpressTruckTax.com to help you e-file your Form 2290 before your deadline.


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Friday, February 24, 2012

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

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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.
  • If the form is mailed to the IRS, it can take 4-6 weeks before it is processed.
  • 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.
  • Both options are very time consuming.
  • 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.

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Monday, February 13, 2012

HVUT Form 2290 tips for Owner-Operators

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The job of a Heavy Vehicle Owner Operator can be one of the most stressful and yet it is also one of the most vital for our nation’s economy. An owner operator’s job is not only physically strenuous due to the long hours on the road; it can also be mentally draining, confusing, and stressful due to the various regulations that are imposed on owner operators each year for their heavy vehicles. These highway regulations include Heavy Vehicle Use Tax (HVUT) which includes the IRS Form 2290 as well as IRS Form 8849. Another tax that affects the trucking industry is the International Fuel Tax Agreement (IFTA).

Filing IFTA can also be a very long and confusing process due to the amount of records that need to be collected and maintained. The reason for keeping these records is so that the Fuel Tax (IFTA) is accurately distributed to all of the states and provinces that were involved. For Example, if a driver drove through a state on its public highways, but did not purchase any fuel in that state, then that state did not receive any taxes from that driver. The Fuel Tax would redistribute the taxes so that certain states would not be neglected if they were used. Each driver must keep detailed trip notes for the number of miles that were traveled, and also how much fuel was purchased in each state or province.

The IRS Form 2290 has its own set of detailed instructions, sections. The first part, the Schedule 1, must be completed and stamped by the IRS in order for the vehicle to be registered with the Department of Motor vehicles. The traditional way to obtain this stamp from the IRS can be filed one of two ways. The form can be sent to the IRS office via postal mail and then wait for the stamped form to be sent in the mail, which can take several weeks. The other option is to file at the nearest IRS office and get it stamped in person. This is also a very time consuming option that often includes waiting in line for a long period of time.

Fortunately, these confusing processes have been made easier, simpler, and safer. ExpressTruckTax.com serves as a one-stop-shop for all truck tax needs! Express Truck Tax allows drivers to E-File a completed Form 2290 online with the IRS and receives a stamped Schedule 1 in minutes. (The stamp is actually a watermark, not a physical stamp. State DMV’s will accept this as proof) The IFTA process is also much easier thanks to the online tools that Express Truck Tax has to offer. With features like online trip sheets and abnormal MPG audits, Express Truck Tax has what it takes to get you back on the road with as little paperwork as possible.
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Tuesday, November 29, 2011

HVUT IRS Form 2290 Penalties

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The law provides penalties for failing to file returns or pay taxes when due. There are also penalties for filing false or fraudulent returns. These penalties are in addition to interest charge on late payments. The penalty for filing a return late or paying the tax late will not be imposed if you can show reasonable cause for not filing (or paying) on time. If you file after the due date (including extensions), attach an explanation to the return to show reasonable cause.

Penalties for HVUT non-compliance are costly to motor carriers. The penalty for failing to file IRS Form 2290 by Due date is equal to 4.5 percent of total tax due, assessed on a monthly basis up to five months. Late filers not making an HVUT 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.

Based on these rates, an HVUT liability that was originally $550 would climb to over $700 by the end of the five-month period of delinquency. In addition to these federal penalties, many states suspend the registrations of vehicles for which proof of HVUT payment has not been provided.

Penalties for HVUT non-compliance for states are even more costly. The Secretary of Transportation has the authority to withhold up to 25 percent of the state's Interstate Maintenance funds [23 U.S.C. 104(b)(5)] if it fails one of its periodic compliance reviews.

When an examiner detects non-compliance, any findings should be presented to management in the FHWA division office. Based on the assessment performed by FHWA division management, the matter may need to be brought to the attention of the U.S. DOT Office of Inspector General (OIG). If the OIG launches an investigation, the compliance review report will be delayed because information presented within it could be used as evidence during the criminal investigation.

Once all criminal investigations and prosecutions are complete, a finding of non-compliance may be made public. The procedures for dealing with a finding of non-compliance are detailed in 23 CFR 369.12-369.17. In the event that a state is found to be in non-compliance, the following procedures are followed:

• The Division Administrator notifies the Governor via certified mail of the finding of nonconformity
• The state is given 30 days to request a meeting to present evidence to overturn the nonconformity finding or to identify steps taken to bring the registration program into conformity
• The state has the option to present evidence in written form
• If the finding is changed to compliant, the Administrator issues a final decision and the matter is concluded
• A finding of nonconformity requires the authorization of the Secretary of Transportation and must be served on the Governor or his or her designee

Where is Form 2290 filed?

It’s possible to paper file your Form 2290 with the IRS, visit www.irs.gov for more information on paper filing. The IRS encourages all filers to file electronically, and it is required of those reporting 25 or more vehicles. You can get your filing done at Expresstrucktax.com and save time and money. IRS authorized e-filers like http://www.Expresstrucktax.com have additional information and contextual help windows to make filing taxes less taxing.

Make sure to have your name and business name, location, EIN, and the VIN of every vehicle you wish to file.
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Tuesday, November 22, 2011

IRS Form 2290 Video: Highway Use Tax Due on November 30

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Don't Forget that Highway Use Taxes(IRS form 2290) are due in just 8 days! You can E-File them online with ExpressTruckTax.com.

Be sure to File your IRS Form 2290 by November 30th to avoid any late Fees.

Here is a video from the IRS about E-Filing Highway Use Tax by November 30.

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Monday, November 14, 2011

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

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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!
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Tuesday, October 18, 2011

The Difficulty of Paper Filing an IRS Form 2290 (HVUT)

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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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Friday, October 7, 2011

Don’t Forget about IRS Form 2290 e-filing This Year!

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Due to the odd nature of this tax year, it could be easy to forget about the deadline for filing IRS Form 2290 for Heavy Vehicle Use Taxes. So, as a reminder to those who need to file, the Tax Season for filing Heavy Vehicle Use Taxes is from November 1 - November 30. Although the typical tax season for this tax is from July - August, the season was delayed because the legislation that enforces the tax nearly expired and Congress enacted an extension of the current legislation so that the Transportation program in America could continue to exist. HVUT is a major source of funding for highway departments.

It has been a wild ride for those waiting to file Heavy Highway Vehicle Use Tax with IRS Form 2290 this year. Although the typical filing season begins in July, this year was different because the tax was set to expire this year. Although it took several passionate speeches from President Barack Obama concerning the loss of jobs and the negative effects that a shutdown would have on the economy to convince Democrats and Republicans in the House of Representatives and the Senate to act together, they did finally come together and agree to extend the current legislation. Although many industry experts agree that a more permanent piece of new legislation is needed to effectively regulate the industry, this was widely believed to be a step in the right direction.

As of right now, the Filing Season for the current Tax Period will officially begin November 1st, and all Heavy Vehicle Use Taxes will need to be filed by November 30th. This delay threw a lot of people for a loop when they tried to register their heavy vehicle. Since a Stamped Schedule 1 is required to register a vehicle with the DMV, no one was able to provide that over the past few months because the IRS did not accept Form 2290’s and thus did not give out any Stamped Schedule 1’s because that is a part of the 2290 form.

For those who need to file the IRS Form 2290 and receive a Stamped Schedule 1, it is possible to E-File this form online. This way you will receive a stamped Schedule 1 within minutes of filing. This process is much quicker and much more efficient than the old paper filing process. This is especially favorable because there is a shorter amount of time in which to file (Nov 1-30).

To e-file this tax from your home or office, all you need to do is go to the website for the IRS-Approved E-File Provider, Express Truck Tax: www.expresstrucktax.com. The filing process could not be simpler! Most users agree that it is even easier than paper-filing! Even if you have questions, Express Truck Tax has a US-based customer service team of Truck Tax Experts that are standing by to take any calls, emails, or online chats that you may have.
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ExpressTruckTax Blog

E-file your HVUT Form 2290 with ExpressTruckTax.