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Showing posts with label suspended vehicles. Show all posts
Showing posts with label suspended vehicles. Show all posts

Friday, September 23, 2016

Exceeding the Mileage Limit: E-filing Form 2290 Amendments

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E-Filing Form 2290 Amendments
E-Filing Form 2290 Amendments
As we move further away from 2290 deadline season, it becomes more clear that filers might need to make amendments, corrections, and changes to the 2290’s they’ve already filed.

Of course, we’re not going to cover all of those corrections that can be made in one post. As part of our ongoing discussion about e-filing Form 2290 Amendments, we’re focusing on what to do when you Exceed the Mileage Use Limit.

Mileage Limits on IRS Form 2290


Mileage use limit for a heavy vehicle on public highways is 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 on the road during a period, regardless of the number of owners.

Just like when we talked about VIN corrections, ExpressTruckTax has an option for those who exceed the mileage use limit.

Exceeding the Limit


What should you do when your suspended vehicles exceeds the mileage use limit?

It’s not unusual for a suspended vehicle to exceed its mileage use limit, which is why the IRS allows you to file an amendment if your vehicle exceeds the mileage use limit.

So how do you do it? Traditionally, you to need to calculate the tax on Form 2290, page 2, based on the month the vehicle was first used in the period. After that, you file the amended Form 2290 and Schedule 1 by the last day of the month following the month in which the mileage use limit was exceeded.

However, if you want to file your amendment fast, login to ExpressTruckTax.com, where it's easy to file a mileage limit amendment and accurately calculate the tax due to IRS. Best of all, you will get your Schedule 1 for the new claim within minutes.




If you’ve e-filed with us before, you can select that return from our system. We also accept new filers, as well.

If you have questions about e-filing a 2290 amendment, please call us at 704.234.6005 - we're here ready to answer your call in Rock Hill, SC, Monday through Friday, 9 a.m. to 6 p.m.

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Monday, September 19, 2016

Form 2290: Adding Suspended Vehicles

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Form 2290: Adding Suspended Vehicles
Form 2290: Adding Suspended Vehicles
Since we’ve been talking to you about Form 2290 Amendments, we decided to switch gears and talk a bit about suspended vehicles and IRS Form 2290.

If you didn’t realize it on our last post about VIN corrections, we’re big on making the process easier.

Understanding Suspended Vehicles


In order to file a regular-usage vehicle as suspended, its mileage use on public highways must be 5,000 miles or less; and for an agricultural suspended vehicle, the mileage use must be 7,500 miles or less.

Regardless of the number of owners, the mileage use limit refers to the total mileage a vehicle is used during the taxable period.

Like we said, agricultural vehicles have different rules. An agricultural vehicle is any motor vehicle that is used for farming purposes primarily, and registered as a highway motor vehicle by state law, and is used for farming purposes for the entire period. A farming vehicle has a special tag or license plate that identifies its agricultural status.

While you have to claim a suspended vehicle like you would any tax filing, it’s still a different process.

So what are the steps? They are as follows:

  • Just like in your standard filing, you select your First Used Month & Year right away. 
  • After that, if you were filing your typical 2290, you would enter or import your Taxable Vehicles. If you are still filing your 2290, go ahead and do this. 
  • At the next step, you simply add your Suspended Vehicles like you did with your taxable vehicles. 
  • On the next few steps, you’re able to view your information and edit it if necessary. 

Finish everything up like you would with your normal HVUT 2290 filing!




While it’s tempting to just skip the taxes that confuse you, it’s important to make sure you file your Form 2290 in all of it's glory. If you have any questions about e-filing a suspended vehicle, reach our customer support experts at 704.234.6005.



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Monday, September 9, 2013

Form 2290 HVUT Requirements

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The heavy vehicle use tax or HVUT is an annual fee assessed on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. The gross taxable weight of a vehicle is determined by adding the unloaded weight of the motor vehicle and any trailers together with the maximum load customarily carried on-road by the truck-trailer combination. IRS Form 2290 is filed annually to pay the HVUT due on the taxable vehicle and proof of payment is the Stamped Schedule 1. The monies collected are used to offset the cost for road repairs and maintenance.

 Suspended vehicles (Category W) are still required to file a Form 2290, even though there is no tax due.  A vehicle is considered suspended if the motor vehicle does not exceed 5,000 miles or 7,500 miles for agricultural vehicles during the tax period, regardless 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.
Also note that logging vehicles are taxed at a reduced rate.

There are some vehicles that are exempt from the tax and are not required to file Form 2290. They are:
  • The Federal Government,
  • The District of Columbia,
  • A state or local government,
  • The American National Red Cross,
  • A nonprofit volunteer fire department, ambulance association, or rescue squad,
  • An Indian tribal government but only if the vehicle's use involves the exercise of an essential tribal government function,
  • A mass transportation authority if it is created under a statute that gives it certain powers normally exercised by the state,
  • Qualified blood collector vehicles (see below) used by qualified blood collector organizations, or
  • Mobile machinery that meets the specifications for a chassis
  • For more information on exempt vehicles, go to irs.gov/trucker.
The IRS has simplified the process of filing Form 2290 and paying your HVUT taxes with the ability to E-File.  Anyone who is filing a return with 25 or more vehicles is required to file electronically, but everyone is now encouraged to E-File.  Through an IRS Authorized E-File Provider, like ExpressTruckTax.com, you can file your Form 2290, pay your HVUT taxes owed to the IRS and receive your Stamped Schedule 1 within minutes.  Your Schedule 1 serves as proof of payment for your HVUT and when you file by the deadline you will avoid any IRS penalties.

To get started today, visit 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, July 8, 2013

Form 2290 HVUT Requirements

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The heavy vehicle use tax or HVUT is an annual fee assessed on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. The gross taxable weight of a vehicle is determined by adding the unloaded weight of the motor vehicle and any trailers together with the maximum load customarily carried on-road by the truck-trailer combination. IRS Form 2290 is filed annually to pay the HVUT due on the taxable vehicle and proof of payment is the Stamped Schedule 1. The monies collected are used to offset the cost for road repairs and maintenance.

Suspended vehicles (Category W) are still required to file a Form 2290, even though there is no tax due.  A vehicle is considered suspended if the motor vehicle does not exceed 5,000 miles or 7,500 miles for agricultural vehicles during the tax period, regardless 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.

Also note that logging vehicles are taxed at a reduced rate.
There are some vehicles that are exempt from the tax and are not required to file Form 2290. They are:
  • The Federal Government,
  • The District of Columbia,
  • A state or local government,
  • The American National Red Cross,
  • A nonprofit volunteer fire department, ambulance association, or rescue squad,
  • An Indian tribal government but only if the vehicle's use involves the exercise of an essential tribal government function,
  • A mass transportation authority if it is created under a statute that gives it certain powers normally exercised by the state,
  • Qualified blood collector vehicles (see below) used by qualified blood collector organizations, or
  • Mobile machinery that meets the specifications for a chassis

For more information on exempt vehicles, go to irs.gov/trucker.

The IRS has simplified the process of filing Form 2290 and paying your HVUT taxes with the ability to E-File.  Anyone who is filing a return with 25 or more vehicles is required to file electronically, but everyone is now encouraged to E-File.  Through an IRS Authorized E-File Provider, like ExpressTruckTax.com, you can file your Form 2290, pay your HVUT taxes owed to the IRS and receive your Stamped Schedule 1 within minutes.  Your Schedule 1 serves as proof of payment for your HVUT and when you file by the August 31, 2013 deadline you will avoid any IRS penalties.

For more information or to get started today, visit ExpressTruckTax.com or contact our friendly US Based 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, August 28, 2012

Form 2290 Suspended Vehicles

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We here at ExpressTruckTax.com are frequently asked why they have to file a Form 2290 Heavy Vehicle Use Tax Return if they only have a vehicle that is considered suspended.  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:
  • 1. Used (or expected to be used) primarily for farming purposes, and
  • 2. 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?  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. Friday is the deadline so to E-File the Form 2290 online now, go to ExpressTruckTax.com. If you have any questions, contact our friendly US based customer support center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.

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Thursday, August 2, 2012

Form 2290 HVUT Requirements

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The heavy vehicle use tax or HVUT is an annual fee assessed on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. The gross taxable weight of a vehicle is determined by adding the unloaded weight of the motor vehicle and any trailers together with the maximum load customarily carried on-road by the truck-trailer combination. IRS Form 2290 is filed annually to pay the HVUT due on the taxable vehicle and proof of payment is the Stamped Schedule 1. The monies collected are used to offset the cost for road repairs and maintenance.
 
Suspended vehicles (Category W) are still required to file a Form 2290, even though there is no tax due.  A vehicle is considered suspended if the motor vehicle does not exceed 5,000 miles or 7,500 miles for agricultural vehicles during the tax period, regardless of owners.

An agricultural vehicle is any highway motor vehicle that is:

1. Used (or expected to be used) primarily for farming purposes, and

2.  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.

Also note that logging vehicles are taxed at a reduced rate.
There are some vehicles that are exempt from the tax and are not required to file Form 2290. They are

    1. The Federal Government,

    2. The District of Columbia,

    3. A state or local government,

    4. The American National Red Cross,

    5. A nonprofit volunteer fire department, ambulance association, or rescue squad,

    6. An Indian tribal government but only if the vehicle's use involves the exercise of an essential tribal government function,

    7. A mass transportation authority if it is created under a statute that gives it certain powers normally exercised by the state,

    8. Qualified blood collector vehicles (see below) used by qualified blood collector organizations, or

    9. Mobile machinery that meets the specifications for a chassis

For more information on exempt vehicles, go to irs.gov/trucker.

The IRS has simplified the process of filing Form 2290 and paying your HVUT taxes with the ability to E-File. Anyone who is filing a return with 25 or more vehicles is required to file electronically, but everyone is now encouraged to E-File. Through an IRS Authorized E-File Provider, like ExpressTruckTax.com

you can file your Form 2290, pay your HVUT taxes owed to the IRS and receive your Stamped Schedule 1 within minutes. Your Schedule 1 serves as proof of payment for your HVUT and when you file by the August 31, 2012 deadline you will avoid any IRS penalties. Contact our friendly US based customer support center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.
Read More »

Monday, July 30, 2012

Record keeping Requirements for Registered Heavy Highway Vehicles for Form 2290

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Keep records for all taxable highway vehicles registered in your name for at least 3 years after the date the tax is due or paid, whichever is later. They must be available at all times for inspection by the IRS. Also keep copies of all returns and schedule 1s you have filed. 

Keep your records even if a vehicle is registered in your name for only a portion of a period. If the tax is suspended on a highway motor vehicle for a period because its use on public highways during the period did not exceed 5,000 miles (7,500 miles for agricultural vehicles), the registrant must keep the records at least 3 years after the end of the period to which the suspension applies.

Records for each vehicle should show all of the following information.

1. A detailed description of the vehicle, including the VIN.

2. The weight of loads carried by the vehicle in the same form as required by any state in which the vehicle is registered or required to be registered.

3. The date you acquired the vehicle and the name and address of the person from whom you acquired it.

4. The first month of each period in which a taxable use occurred and any prior month in which the vehicle was used in the period while registered in your name, with proof that the prior use was not a taxable use.

5. The date the vehicle was sold or transferred and the name and address of the purchaser or transferee. If it was not sold, the records must show how and when you disposed of it.

6. If the tax is suspended for a vehicle, keep a record of actual highway mileage. For an agricultural vehicle, keep accurate records of the number of miles it is driven on a farm.

When you E-File your Form 2290 using an IRS Authorized E-File Provider like ExpressTruckTax.com, all your records are stored in your online account. If your records are ever requested by the IRS, you can simply sign into your account and download the requested records.   

In addition to having your records right there at your fingertips, through ExpressTruckTax.com, you can file your Form 2290, pay your HVUT taxes owed to the IRS and receive your Stamped Schedule 1 within minutes. Having the option to E-File makes the annual filing process quick and easy and simplifies the recordkeeping requirements.

If you have any questions, you can contact the Truck Tax Team at 704.234.6005 or email us at support@expresstrucktax.com.
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E-file your HVUT Form 2290 with ExpressTruckTax.