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Showing posts with label express form 2290. Show all posts
Showing posts with label express form 2290. Show all posts

Thursday, May 9, 2013

What Is a Form 2290 Suspended Vehicle?

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If a highway motor vehicle does not exceed mileage 5,000 miles or less (7,500 miles or less for agricultural vehicles) it is considered suspended and is exempt from tax. Mileage use limit means the use of a vehicle on public highways 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is used during a period, regardless of the number of owners.

An agricultural vehicle is any highway motor vehicle that is:
  • Used (or expected to be used) primarily for farming purposes, and
  • Registered (under state laws) as a highway motor vehicle used for farming purposes for the entire period. A special tag or license plate identifying the vehicle as used for farming is not required for it to be considered an agricultural vehicle.

So why would do you have to file if there is no tax due?  In order to obtain your registration and/or tags, state require and Stamped Schedule 1 from the IRS for all vehicles 55,000 lbs or more.  You must file Form 2290in order to receive your Stamped Schedule 1.

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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Thursday, March 28, 2013

How To Handle Form 2290 Suspended Vehicles

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If a highway motor vehicle does not exceed mileage 5,000 miles or less (7,500 miles or less for agricultural vehicles) it is considered suspended and is exempt from tax. Mileage use limit means the use of a vehicle on public highways 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is used during a period, regardless of the number of owners.

An agricultural vehicle is any highway motor vehicle that is:
  • Used (or expected to be used) primarily for farming purposes, and
  • Registered (under state laws) as a highway motor vehicle used for farming purposes for the entire period. A special tag or license plate identifying the vehicle as used for farming is not required for it to be considered an agricultural vehicle.
So why would do you have to file if there is no tax due?  In order to obtain your registration and/or tags, state require and Stamped Schedule 1 from the IRS for all vehicles 55,000 lbs or more.  You must file Form 2290 in order to receive your Stamped Schedule 1.

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 10, 2012

How To Handle Form 2290 Suspended Vehicles

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If a highway motor vehicle does not exceed mileage 5,000 miles or less (7,500 miles or less for agricultural vehicles) it is considered suspended and is exempt from tax. Mileage use limit means the use of a vehicle on public highways 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is used during a period, regardless of the number of owners.

An agricultural vehicle is any highway motor vehicle that is:
  • Used (or expected to be used) primarily for farming purposes, and
  • Registered (under state laws) as a highway motor vehicle used for farming purposes for the entire period. A special tag or license plate identifying the vehicle as used for farming is not required for it to be considered an agricultural vehicle.

So why would do you have to file if there is no tax due?  In order to obtain your registration and/or tags, state require and Stamped Schedule 1 from the IRS for all vehicles 55,000 lbs or more.  You must file Form 2290 in order to receive your Stamped Schedule 1.

At ExpressTruckTax.com, you can file your Form 2290 and receive your Stamped Schedule 1 within minutes. 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 »

Tuesday, November 29, 2011

ExpressTruckTax Customer Spotlight!

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This Picture comes from: Arturo Vincent - odessa, Texas , USA-79763

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
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Monday, November 28, 2011

Pay Highway Use Taxes (IRS Form 2290) with a check, but File it online

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With Express Truck Tax, an IRS-Authorized e-file provider for Filing Highway Use Taxes Online, there are several different options for paying the IRS Tax amount due. The IRS accepts Electronic Funds Withdrawal, EFTPS, check payments, or money orders.

The process for Electronic Funds Withdrawal and EFTPS is fairly simple. However, many people do not fully understand the process of paying by check or money order. Most people think that they will not receive a Schedule 1 until the tax is paid. If that were the case, it would make little sense to E-File online.

The Stamped Schedule 1 from the IRS will be issued for simply filing the Form 2290. It does not have to be paid to receive this form immediately. That is where people get confused about paying by check or money order. If the taxpayer elects to mail a check or money order, they will still receive a Stamped Schedule 1 immediately.
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ExpressTruckTax Customer Spotlight!

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This Picture comes from: Zak Hargraves - 2007 Volvo 780 with a contracted trailer from Prime Inc

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
Read More »

Tuesday, November 8, 2011

Filing Process for IRS Form 2290 in November 2011-2012

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In order to file the IRS Form 2290 for Heavy Vehicle Use Taxes (HVUT), Express Truck Tax has made the process Quick, Simple, and Easy-to-use. When you use Express Truck Tax to E-File a Form 2290, the process takes just a few minutes. Choosing to E-File this return is much simpler than paper filing. Instead of using a confusing form full of tax jargon, Express Truck Tax has simplified the form to plain English. It is just a series of questions, mostly pertaining to basic business information. The process is broken down into several short and to-the-point sections.

The first step to Filing the Form 2290 Online is to go to ExpressTruckTax.com an IRS Authorized E-File Provider for Heavy Vehicle Use Taxes. From this page, you can get started on a Form 2290, IFTA filing, or sign up as a service provider. To login, just click on the Sign-Up button. From here, just enter some basic information to set up you Express Truck Tax account. (Please note: it is totally free to create an account. You only pay per return)

After signing up, you will be taken to the Dashboard of your account. This page displays your basic business information as well as the status of your most recent returns. From here, you can add new businesses to file for, as well as create new returns. To File a new 2290, just click on Create New Return at the bottom of the page.

The first thing that will be asked is the First Use Month of the vehicle as well as the year that you are filing for. If the vehicle has been on the road since last year, then select July 2011 as the first use month because that is the first month of the tax period.

On the next section, you can add heavy vehicles. There are several categories to add them to. They can be Taxable Vehicles, Suspended Vehicles, Prior Year Suspended Vehicles, Sold/Destroyed/Stolen Vehicles, or Low Mileage Credit Vehicles. Taxable Vehicles are normal heavy vehicles that travel a minimum of 5,000 miles per year. Suspended Vehicles fall below the 5,000 mile threshold (7,500 if agricultural) and no taxes are due for these, but they must still be filed for. Prior Year Suspended Vehicles are vehicle that were filed for previously, but they either exceeded the mileage threshold or the vehicle was sold. Sold/Destroyed/Stolen Vehicles are just as they sound - sold, destroyed, or stolen before June 1. Low Mileage Credit Vehicles are recorded if taxes were paid for a vehicle in the previous year, but the vehicle never exceeded the mileage threshold.

After selecting the type of payment for the taxes due, the system performs an internal audit of the information that was submitted. This audit checks for any basic errors that may have been made.

You can then select how you would like to pay the IRS. The IRS accepts Electronic Funds Withdrawal, EFTPS, and check or money order. An electronic funds withdrawal would instantly withdraw the payment from a bank account within 5 business days. EFTPS stands for the Electronic Federal Tax Payment System. It is a government program, but in order to use it you must already have an EFTPS account (this can take at least 2 weeks to create). A check or money order can also be used to pay the taxes due. In order to use this method, you will need to print a payment voucher from the Express Truck Tax website then mail that to your local IRS office.

Before you finish, ExpressTruckTax.com offers many additional services such as an automated text message to your cell phone as soon as the Schedule 1 is available. You can also have the form faxed to anyone including your leasing company, trucking association, or yourself.
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Friday, October 28, 2011

Free Services from Express Truck Tax (2011 form 2290)

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When selecting an E-File provider for filing Truck Taxes with the IRS Form 2290 for Heavy Vehicle Use Taxes, it is important to consider what you are getting. The price of this service varies dramatically between providers, but you may be surprised to hear what is included with some of them. There are some companies that charge exorbitant amounts, but only provide a bare minimum level of service. You will not find a better combination of price and value as ExpressTruckTax.com.

To err is human. You would think that most companies would understand and adapt to this. Unfortunately some people even make mistakes on their Tax Returns. If You were so unfortunate when filing your IRS Form 2290 to incorrectly record the VIN number of your heavy vehicle, there is still hope for you! Thanks to the Good Folks at Express Truck Tax, you can E-File an IRS Form 2290 VIN Correction absolutely free! Unlike other services that would charge you for another filing, the good folks on the Truck Tax team for ExpressTruckTax.com provide VIN Corrections at no extra charge.

Another Free service that Express Truck Tax is offering is the ability to send a copy of the Stamped Schedule 1 directly to their Contracting, Leasing, or Trucking Company as soon as it is processed via email. You can also send a copy to your Accountant, Tax Preparer, or Business Manager as well. That way everyone can be kept in the loop as far as your taxes are concerned.

The filing process for this only takes a few minutes and the best part of it all is that these additional services 100% FREE. To Clarify, Express Truck Tax allows anyone to correct the VIN Number on any previously filed IRS Form 2290 as well as email a copy of the Stamped schedule 1 to anyone once it has been accepted. The filer will then receive their new IRS Stamped Schedule 1 in only minutes.

With this incredibly helpful service, you will be able to get your truck taxes taken care of quickly, so that you can get back on the road in no time! Express Truck Tax realizes that your time on the road is valuable and that you need to spend as little time as possible worrying about the little things. That's why Express Truck Tax is making this process much simple for Truck Drivers everywhere.
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.
Read More »

Tuesday, August 16, 2011

Form 2290 Heavy Highway Vehicle Use Tax(HVUT) Now Due On November 30

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The IRS recently advised truckers, owner operators, and trucking companies that their next federal highway use tax return for filing HVUT (which is usually due on August 31) will instead be due on November 30, 2011. The primary reason for the extension of the due date is to reduce confusion and multiple filings of Form 2290 that could result if Congress reinstates or modifies the highway use tax after September 30, 2011.

The Heavy Vehicle Use Tax applies to trucks, truck tractors and buses with a gross taxable weight of 55,000 pounds or more. There are many more specific rules for vehicles with minimal road use, logging or agricultural vehicles, vehicles transferred during the year and those first used on the road after July. In normal circumstances, vans, pick-ups and panel trucks are not taxable because they fall below the 55,000-pound requirement.

The newly determined November 30 filing deadline for Form 2290 (Heavy Highway Vehicle Use Tax Return) applies to the tax period beginning on July 1, 2011. This includes the vehicles used during July, as well as those whose first use month was during August or September. According to the recent IRS statements, returns should not be filed and payments should not be made until November 1, 2011.

For new vehicles that need to be registered during Jul-Oct of 2011, the state DMV’s are required to accept a Stamped Schedule 1 from the previous year since it is not possible to receive a stamped Schedule 1 until November 2011. If a vehicle was acquired within the current year, and there is not a stamped Schedule 1 for the previous year, the owner only needs to provide some form of proof of purchase to prove that the vehicle was recently placed in his/her possession.

Luckily, once the Form 2290 is available, the electronic filing service: ExpressTruckTax.com will be able to E-File the form and send it to the IRS in minutes. The E-Filing Process is very simple; the form can be completed in minutes, and it can be sent to the IRS as soon as it is finished. It is such a time saver when you compare it to waiting in the IRS office for hours or sending it via postal mail and waiting weeks for the IRS to process it.
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Wednesday, May 25, 2011

ExpressTruckTax Offers FREE VIN Corrections!

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Everyone Makes Mistakes. Unfortunately some people even make mistakes on their Tax Returns.  If You were so unfortunate when filing your IRS Form 2290 to incorrectly record the VIN number of your heavy vehicle, there is still hope for you!  Thanks to the Good Folks at Express Truck Tax, you can E-File an IRS Form 2290 VIN Correction absolutely free!

This is an exclusive offer that no other E-Filing Service for truck taxes is offering. The filing process for this only takes a few minutes and the best part of it all is that it is also totally 100% FREE.  To Clarify, Express Truck Tax allows anyone to correct the VIN Number on any previously filed IRS Form 2290. The filer will then receive their new IRS Stamped Schedule 1 in only minutes.  

With this incredibly helpful service, you will be able to get your truck taxes taken care of quickly, so that you can get back on the road in no time!  Express Truck Tax realizes that your time on the road is valuable and that you need to spend as little time as possible worrying about the little things.  That's why Express Truck Tax is making this process much simple for Truck Drivers everywhere.
Read More »

Tuesday, May 24, 2011

Tax Credit Vehicles (IRS Form 2290)

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You may be surprised to know that you can file an IRS Form 2290 to claim a credit for certain Heavy Vehicles in some scenarios.  You can also E-File an IRS Form 2290 for these credit vehicles through www.expresstrucktax.com  

Heavy vehicles that were stolen, destroyed, or sold before June 1st and not used during the rest of the year qualify as a vehicle to claim a credit for.  If a heavy vehicle was used for 5,000 miles or less, or an agricultural vehicle that was used for 7,500 miles or less, it too qualifies as a credit vehicle.  It is important to also note that a credit, lower tax rate, exemption, or refund is not allowed for an occasional light or decreased load; nor is it allowed for a discontinued or changed use of the vehicle.

Although the rules that apply to credit vehicles may be complicated and confusing, ExpressTruckTax.com helps make it simple.  The filing process only takes a few minutes.  If you need any help, their dedicated customer support team can help walk you through the process.
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Monday, May 23, 2011

IRS Will Not Mail Form 2290


The Internal Revenue Service recently announced that they will not be mailing Form 2290 to taxpayers this year. This step was taken due to the increase in electronic filing. It also seems to be encouragement to file electronically as well. The IRS had legitimate reason to do this because filing electronically really is the quickest, easiest, and safest way to file.  

Fortunately, it has become incredibly simple to file Form 2290 or other Tax forms associated with the Heavy Vehicle Use Tax (HVUT) such as Form 8849. All you have to do is go to www.ExpressTruckTax.com and start filing. You can file your Schedule 1 for Form 2290, Form 8849, A VIN Correction, and Fuel Tax.  

This easy to use system allows the user to walk through the process at their own speed and asks questions in plain English, not confusing tax jargon. There are even special deals for Owner-Operators who need to file for multiple vehicles. Tax Professionals may also benefit from special pricing for multiple filings.  

Even if you still need help filing your Truck Taxes, Express Truck Tax has an excellent team of customer service professionals who will help you file your return in no time.  
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Wednesday, April 20, 2011

IRS Form 2290 VIN Correction Process

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       Create an account with ExpressTruckTax or if you are one of the thousands of people who are already users of ExpressTruckTax, sign in with your email id and your password.
       If you are new, you need to enter your basic business details before proceeding.
        You will then be taken to the dashboard, from here click “Create Return”. You will be presented with 3 options. Choose the option “2290 Amendment including VIN Correction” and further choose VIN Correction.
       You will have two choices now: Are you filing a VIN Correction for the return created in ExpressTruckTax or Are you filing VIN Correction for a return created elsewhere or by paper. There is no difference between two options, except that using the first option, the system will pull your past return and show the VIN numbers you want to correct.
       The next step is to enter theincorrect VIN and the correct VIN.
       You can make multiple VIN Corrections on the same return.
       When you are done, go through the next screens and note that there is no tax due to IRS as the taxes were paid when you filed the original 2290.
       Although, this service is free with no strings attached, the system will ask that you enter your credit card for verification. This is for the following reasons:
       The IRS wants to make sure the filers are real and who they say they are.
       Since there is no tax, spammers and crooks can simply use this system to overwhelm the IRS
       ExpressTruckTax is a very secure system and wants to make sure that real users are using it and they have a pleasant experience.
       After the credit card is verified, then it is time to transmit the return to the IRS.
       With ExpressTruckTax, it takes less than 5 minutes – day or night to get your corrected Schedule 1.
       You get your Schedule 1 by email and also by fax automatically if you have opted for it.
       During this process, if you have any questions, please call the US based customer support at 704-234-6005.
       Please be reminded that all this is free.
What you can’t do?
       VIN Corrections can be only done for Taxable or suspended vehicles and not for credit vehicles or for prior suspended vehicles.
       When you file a VIN Correction Form 2290, you can’t combine it with claiming credits on the same form.
       The wrong VIN must have been paid for in the original form 2290. Otherwise, the IRS will assign penalties in addition tothe actual tax. 
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Thursday, March 31, 2011

IRS Form 2290 and IFTA(International Fuel Tax Agreement)

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What are they?
IRS Form 2290 is what is used by the government to collect what is referred to as the Heavy Vehicle Use Tax or HVUT 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.

The International Fuel Tax Agreement (IFTA) is an agreement between jurisdictions to simplify the reporting of motor fuel taxes. 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.  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.  

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.
Read More »

Thursday, March 24, 2011

Filing a Form 2290 with the IRS

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The Heavy Vehicle Use Tax, or HVUT, must be filed with the IRS for any highway motor vehicle that exceeds a gross weight of 55,000 pounds.  IRS Form 2290 Schedule 1 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 1, 2010, and ending on June 30, 2011, 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.

What Vehicles are Taxable?
The IRS considers taxable Highway Motor Vehicles to be any self-propelled vehicle that is designed to carry a load over public highways.  Examples of such vehicles include trucks, truck tractors, and buses.  The IRS typically does not consider vehicles such as vans, pickup trucks, panel trucks, or similar vehicles because they do not typically weigh 55,000 pounds or more.  A vehicle may consist of a chassis, or a chassis and a body, but does not include the load of 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

When to File?
A Form 2290 must be filed annually, for each taxable vehicle that is used on public highways during the current period.  The Current Period is from July 1, 2010 and ends on June 30, 2011.  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.  

How to File?
Although it is possible to paper file, E-Filing is required for each return containing at least 25 vehicles.  The IRS does encourage everyone to file electronically due to its security and speed.  This is highly recommended for Form 2290 in particular because the filing due dates are always only one month away.  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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