ExpressTruckTax Blog

Showing posts with label tax highway. Show all posts
Showing posts with label tax highway. Show all posts

Wednesday, April 20, 2011

IRS Form 2290 VIN Correction Process


       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 24, 2011

Filing a Form 2290 with the IRS

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  They provide a very excellent service for all Truck Tax Needs. 
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ExpressTruckTax Blog

E-file your HVUT Form 2290 with ExpressTruckTax.