ExpressTruckTax Blog

Showing posts with label form 2290 credit vehicle. Show all posts
Showing posts with label form 2290 credit vehicle. Show all posts

Monday, August 17, 2015

No Longer Operating a Heavy Vehicle: A Guide to the Final Return


If you’ve e-filed with us before, you may have noticed an option to select “Final Return” at the step where you enter your first-use-date and filing year. But what exactly does selecting “Final Return” mean?

In the past, selecting “final return” on your 2290 meant that you could no longer e-file your HVUT, but now the IRS wants you to select “Final Return” when you no longer have a vehicle to e-file for.

Whether your vehicle has been sold, stolen, or destroyed, if you no longer have a Heavy Vehicle to e-file for, you should choose “Final Return”. And in the event you find yourself with a new vehicle and able to file your HVUT again, all you have to do is e-file normally.

Where to Find “Final Return”

At the beginning of your return, after you enter your business information, and select your filing year, you’ll find an option to select “Final Return” at the bottom of the page.

Only select this option if you no longer have a vehicle to file for. If this is not your final return, simply file your return as normal.

Is It Any Different than Filing Normally?

Filing for your final return will be the same as filing from year to year, with the small difference of selecting “Final Return,” and adding a credit vehicle instead of a suspended or taxable vehicle.

Reporting Stolen, Sold, and Damaged Vehicles

When you file your return, there’s a whole section dedicated to credit vehicles. These are vehicles that were sold, traded in, lost, or destroyed during the tax year. If this is your final return, you’re only going to be entering a Credit Vehicle.

Once you get to the “Credit Vehicle” section of your return, simply add your vehicle information in the pop-up window. You will need to know your VIN, first-used month, gross-vehicle weight, and whether your vehicle was used for logging.

Then it’s time to indicate your “Loss Event.” These event reasons come in the form of a drop down menu and all you have to do is select the reason you no longer have your vehicle. Was it sold, destroyed, or stolen?

If the vehicle was sold, you will need the information of the person you sold it to in order to file your return. Then just add the date this event happened for that specific loss event, and move onto the next part of your return.

If you need any help with e-filing or have questions about when to select your final return, our dedicated support legends are here for you. Just give them a call at 704.234.6005 or send them an email at for 24/hour support in both English and Spanish.

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Thursday, May 21, 2015

Don't Wait or You'll Be Late: E-File by the May 31st Deadline


Although the start of the 2015-16 tax year is right around the corner, there are still reasons for many of you to file for the 2014-15 tax year, today. If you’ve been waiting until the last minute to take care of your HVUT, then it’s officially your time to shine. However, there are many other reasons besides procrastination that warrant filing, so let’s see who should be E-filing today.

Who Needs to E-file NOW:

1. Those With a First Used Month of April 2015

For all new vehicles, you have until the end of the month following the vehicle’s first use month to file your 2290. For example, if you purchased a vehicle and first put it on the road in April of 2015, then you have until May 31, 2015 to file the 2290 for that vehicle without incurring late penalties.

2. Those Who Haven’t Already Filed for the 2014-15 Tax Year

If you have not already filed your 2290 for trucks that have been used throughout the 2014-15 tax year running from July 1, 2014 through June 31, 2015, you should E-file immediately. All those E-filing for the 2014-15 tax year for trucks used before April of 2015 are already late and will incur penalties. But the sooner you file, the lower the penalty, so get on it asap!

3. Those Who Sold, Traded In, or Lost the Vehicle They Filed for This Tax Year

If you had a vehicle that was sold, stolen, traded in, or lost that you already filed taxes on for the 2014-15 tax year, then you will need to file a credit vehicle on your 2290. Some refer to this as "Transferring a 2290" from an old vehicle to a new one. Filing with a credit vehicle allows you to receive tax credits on taxes already paid for the 2014-15 tax year on the old vehicle. This way, you won't end up paying any extra tax to get that Schedule 1 for your new ride. For more information about this process, you can visit our blog post that explains exactly how to E-file your 2290 with a credit vehicle.

I’m Late… Now What?

The IRS imposes a penalty of 4.5 percent of the total tax due, assessed on a monthly basis for up to five months. In addition to this penalty, interest will accrue on the total amount at .54 percent per month, and the IRS can also impose an additional monthly penalty equal to .5 percent of the total tax due.

Also note that International Roadcheck 2015 will be taking place from June 2, 2015 through June 4, 2015, so now is as good a time as ever to ensure that your vehicle is on the road legally by renewing its tags and registration. At the end of May and June brings the registration deadline for several different states, including Massachusetts, Pennsylvania, Rhode Island, Missouri, West Virginia, and Maine.

If you are a driver in any of these states then you need to E-file as soon as possible, if you haven’t already. At ExpressTruckTax, we are the fastest and most reliable way to get you the stamped Schedule 1 you need, so be sure and E-file today to get your new registration and tags so you can avoid the hassle during International Roadcheck.

As you can see, it can be rather costly not to file those 2290’s on time, and the longer you wait the more it’s going to cost. So stop wasting time, and start saving your money today by filing with us at ExpressTruckTax. We have made the filing process quicker and simpler than ever, and offer the best value in the industry for E-filing your 2290.

If you have any questions, our US-based support team is available through phone, email, and even live chat. To reach us, call 704.234.6005, or email us at, and we’ll be happy to assist you in any way that we can.

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Tuesday, July 9, 2013

E-File Form 2290-Credits Not Exceeding Low Mileage


If you paid heavy vehicle use taxes during a previous tax period, but did not exceed the 5,000 mile threshold or 7,500 for agricultural you are eligible for a tax credit or a refund.

This video walks you through the simple process for claiming your Form 2290 credit and/or refund.

For more information or to get started today, visit or contact our friendly US Based Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at  We have Spanish Support too!

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ExpressTruckTax Blog

E-file your HVUT Form 2290 with ExpressTruckTax.