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

Tuesday, May 8, 2018

What Is A Logging Vehicle For IRS Form 2290?

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One question we often run into is "What is a logging vehicle for IRS Form 2290?" That is because when you file IRS Form 2290, you are asked to indicate whether your taxable vehicle is used for logging.

What is a Logging Vehicle For IRS Form 2290?

You might confuse the term “logging vehicle” with electronic logging devices. For Form 2290, however, logging vehicles are used to… well… haul logs. As in wood or other products from the forest.

How you classify your truck is essential because you can receive a reduced tax rate.

Check to see if your logging vehicle fits the IRS criteria to ensure you are paying the correct tax:

  • Your truck is exclusively used to transport material harvest from a forested site, Or your vehicle is used exclusively to transport harvested materials from one forested site to another forested site. If your vehicle runs between forested sites, it can use public highways in between those sites and still be considered a logging vehicle.

AND

  • Your vehicle is registered in your base state (or any other state in which it is required to be registered) as a highway motor vehicle used exclusively for the transport of harvested materials from a forested site. Although the truck must be registered as a “logging vehicle” in your state, no special tag or license plate is required to identify the vehicle as a logging vehicle.

So, your vehicle should be registered as a logging vehicle, and it must be used to transport harvested forest materials only - but what does the IRS consider “harvested material”?


According to the IRS guideline, harvested products can include any raw timber taken from a forest, OR any timber that has been processed on the forested site for commercial processes, meaning the timber has already been sawed into lumber, chipped, or milled in some way.

If your vehicle fits these guidelines, then be sure to check the box “Used for Logging” when completing your HVUT Form 2290 to reap the rewards of a lower tax rate!

If you have questions about the status of your taxable vehicle, ask our team of experts. They know all of the IRS guidelines for logging, agriculture, exempt, suspended vehicles, and more! They are here to steer yours in the right direction!




Pre-File IRS Form 2290





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Thursday, September 24, 2015

How to Add Sold/Destroyed/Stolen Credit Vehicles

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Hello, truckers! Do you have any taxable vehicles that were sold, destroyed, or stolen before June 1 of the current tax year? If you do, and they were not used for the remainder of the tax period, you’re able to claim a prorated credit or refund for some of the taxes paid. We’re here to tell you how!


To get started, follow the steps below:



1. Once you click Start New Return on your ExpressTruckTax dashboard, a pop-up will appear with three options to create a new tax return. Select Form 2290. (If you wish to receive a check from the IRS instead of credit, you can select Form 8849 Schedule 6.)




2. To reach the Sold/Destroyed section, fill out required information in the steps leading up to it:
  • Select which month your vehicle was first used.
  • Enter any taxable or suspended vehicles that you are filing for.
  • Add a suspended vehicle of the prior year if applicable. 
  • Once you’re there, select Add Credit Vehicle. 
Note: If you sold a truck and are adding a new truck, the credit amount from the truck sold will be applied to the tax amount owed on the new truck. In addition, if you are filing for a credit for a sold vehicle, there is a new regulation that requires you to enter in the name and address of the person who purchased the truck.





3. Provide the required vehicle details in the fields below, including your VIN number, taxable gross weight, and loss event, then click Save. 




We hope these instructions are beneficial to you, but if you need further assistance, don’t hesitate to contact us! You can call our support team at 704.234.6005 or email them at support@expresstrucktax.com.

Remember, Trucking Nation, we’re here for you!

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Thursday, June 11, 2015

The Do's & Don'ts of E-filing Your Form 2290

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The pre-filing season is in full-force, Trucking Nation! And with great e-filing comes great responsibility. 

We’ve talked about the how-to’s and the benefits of e-filing and pre-filing, but what we haven’t talked about is what “to do” and “not to do” for the rest of the tax year.

A little bit of time spent preparing for your HVUT can save you the headache of filing an amendment or correcting a rejected return later. And here at ExpressTruckTax we want to make sure you have everything you need to e-file successfully!

Here are the Do’s and Don'ts of E-filing your 2290!

Do Pre-file

This year ExpressTruckTax is offering pre-filing for the 2015-16 tax year throughout June! When you pre-file with us, not only are you entered into our Swag Bag Give-Away, you’re also done with your HVUT for the year. Once the tax season begins on July 1 and the IRS begins accepting 2290’s, we’ll securely transmit your return for you so you don’t have to worry about it.

Don’t Wait until the Last Minute

With pre-filing available for all of our customers, why would you want to wait until the last minute to file your Form 2290? It’s just not a good idea! Especially since if your return is rejected and you waited until the last minute, you risk missing the deadline and you may have to pay penalties for not filing on time. So get it done early so you’ll still have time even if you make some mistakes.

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Do Keep Records

You need to keep detailed records of your trip and mileage, because not only is it required, it could also help you if you need to file for a suspended vehicle. When you file for suspended vehicles, you need to be able to prove that you’re under the mileage limit to the IRS. So keep everything in order, because you never know when you’ll need it.

Don’t Put off Filling out Trip Sheets

Like I said, if you plan on filing for a suspended vehicle, you’ll need proof, and your trip sheets, in addition to being required, help to accomplish that. Not to mention that keeping good records is always smart when you’re filing any sort of taxes. So do them right away because if you wait until later, you risk forgetting the exact mileage and that can come back to bite you later.

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Do Call if You Need Help 

If you need any sort of help e-filing your HVUT, we have a dedicated support team to help you! We’re here to answer your questions and walk you through the process from start to finish to make sure it’s a stress-free experience for you.

  • Pro-tip #1: Read Our How-To Guides

If you don’t have access to a phone, you can send us an email, find us on chat on our website, or you can read any number of how-to guide blogs we’ve written to help you! We have one for just about everything: Pre-filing, E-filing, Account Creation, and we even have a quick orientation video!


Don’t Try to Do It on Your Own

If you don’t know what you’re doing at any point in the e-filing process, then call us! Nobody wants to have their return rejected by the IRS. So if you have questions or there’s something you’re not sure about, let us walk you through it! 

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Do Get Your EIN early!

In order to file your Heavy Vehicle Use Taxes, you need to have an Employer Identification Number. If you don’t have an EIN, you need to get one right away because it takes some time before it becomes active and you are able to e-file or pre-file for the tax year.

Don’t File a Tax Return with a New EIN

It takes 10-15 business days for your EIN to become active. Any returns filed before the EIN has been activated will be rejected. So if you need to get an EIN, apply online directly with the IRS, and do it now so you’ll be able to e-file for the tax season!

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Do Know Your VIN and Gross Vehicle Weight

You need to know both your VIN and GVW (Gross Vehicle Weight) to file your Form 2290 correctly. You can calculate your own Gross Vehicle Weight simply by adding together three numbers:

1. The unloaded (tare) weight of the truck
2. The unloaded weight of the trailer
3. The maximum weight of the cargo customarily carried by the truck/trailer.

Don’t Guesstimate Your Gross Vehicle Weight
When you don’t enter your correct GVW, you could wind up paying more than you need to for your HVUT. It will also spell trouble if you head to a weigh station and your Schedule 1 details don’t match the scales. So follow our simple 3-step calculation method listed above to accurately calculate your Gross Vehicle Weight.

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Do Know the Types of Taxable Vehicles

  • Regular: A regular heavy vehicle is any vehicle, weighing 55,000 lbs or more, that has driven over the 5,000 mile limit on public highways. For these vehicles, e-file your Form 2290 as normal and pay your heavy vehicle use tax.
  • Suspended: Suspended vehicles are any heavy vehicle or agricultural vehicle that have been driven under their mileage limit for the tax year. For heavy vehicles, this limit is 5,000 and for agricultural vehicles this limit is 7,500 miles. Having a suspended vehicle means after you file your heavy vehicle use tax, you won’t owe any tax! Yay!
  • Agriculture: Agricultural vehicles are any vehicles used for farming or agriculture. These vehicles can be driven 7,500 miles on public highways until they are no longer considered suspended, at which time, HVUT is due.
  • Logging: Logging vehicles are any vehicles that are used to transport forest materials within or from a foresting site, or a vehicle that moves forested materials from one site to another. With logging vehicles, companies and drivers alike are eligible to pay less taxes for the tax year. So if you drive a logging truck, make sure you specify when you’re e-filing!


Don’t Miss out on Savings

If you drive a suspended or logging vehicle, you’re eligible for a tax discount! (See above) If you drive an agricultural vehicle you can log more mileage during the tax year before your vehicle is considered a “regular, non-suspended” vehicle.

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Do E-file with Express Truck Tax

Great people, great price, great product! Not only are we IRS-certified and secure, ExpressTruckTax is also easy-to-use, and we have a great support team always standing by to help answer your tax questions.

If you find yourself with any questions or concerns throughout your e-filing or pre-filing process, don’t hesitate to give us a call at 704.234.6005 or send us an email at support@expresstrucktax.com for 24 hour support in English or Spanish.

Happy pre-filing, Trucking Nation!


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Monday, December 29, 2014

Am I Required to File HVUT? Form 2290 Exempt Vehicles

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Am I required to file a Form 2290?

A simple “yes” or “no” answer would be nice, right?

But when dealing with the IRS, you know it can’t possibly be that simple. Reading (more like decoding) the IRS requirements for filing heavy vehicle use tax can be a massive chore– and quite frankly, how can you have your head in the game when your brain is still stuck in holiday mode? 

IRS guidelines and leftover sugar cookies just don’t go together.

So put the down IRS Form 2290 instructions, and back away slowly. Go get a cup of hot cocoa instead, and read this blog for the answers!



Let’s break it down in layman’s terms. In general, the IRS requires these vehicles to file Form 2290 annually:
  • Vehicles that are self-propelled and designed to carry loads on public highways(among other functions)
  • weighing 55,000 pounds or more and
  • that travel at least 5,000 miles on public highways during the tax year (7,500 miles for agricultural vehicles).
Trucks, truck tractors, and buses can all fall under this category. But what if you have a heavy vehicle that was built for another purpose?


Certain vehicles, regardless of their weight or travel on public highways, are not considered “taxable highway vehicles,” and therefore, they are not required to file.

Here are three types of vehicles not required to file HVUT:


  • 1. The vehicle is used solely to transport machinery.
    a.
    If the machinery is permanently mounted to the chassis and this machinery makes it impossible to carry loads, then the vehicle is not required to file.
    b. Examples include vehicles with construction, manufacturing, drilling, mining, lumbering, and farming equipment permanently attached to the chassis. 
  • 2. The vehicle was not designed for highway use.
    a.
    Although this type of exempt vehicle may be used to transport loads, it cannot travel on public highways due to speed restrictions or other safety restrictions placed on that vehicle type by the manufacturer. 
  • 3. The vehicle was designed as a shelter.
    a.
    This includes trailers or semi-trailers that function as stationary shelters on off-highway sites.
    b. For example, a trailer that functions solely as a mobile office is not considered a taxable highway vehicle.

Does your vehicle fit into one of these three categories? If so, then congratulations! You won’t need to file heavy vehicle use tax!

If you’re unsure of the status of your heavy vehicle, call our support heroes. They’ll help you determine whether you need to E-File Form 2290, and if you do, they’ll walk you through the process!

Call them at 704.234.6005 or email them for 24/7 assistance at support@expresstrucktax.com. One of our bi-lingual, ultra-talented, and patient support pro’s is ready to answer your questions and put your mind at ease.

Curious about Taxable Vehicles?


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Friday, July 19, 2013

What Is Heavy Vehicle Use Tax (HVUT) Used For?

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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 damage to the road surface caused by heavy trucks is 160,000 times more than that of a car, according to the findings of the American Association of State Highways Official (AASHO) road test. The tax, which is based on the vehicle weight, is a significant source of transportation funding in the US. The HVUT ensures that operators of heavy trucks pay a little more for the highway network relative to the motorists than the light trucks who meet their responsibility through other forms of taxes (e.g., registration fees, motor fuel taxes) but do less damage to the system.  The monies collected are used to help pay for road repairs and maintenance.

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 encouraged to do so.  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.  Having the option to E-File makes the annual filing process quick and easy.

To E-File 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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Monday, April 22, 2013

What is the Heavy Vehicle Use Tax (HVUT) Used For?

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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 damage to the road surface caused by heavy trucks is 160,000 times more than that of a car, according to the findings of the American Association of State Highways Official (AASHO) road test. The tax, which is based on the vehicle weight, is a significant source of transportation funding in the US. The HVUT ensures that operators of heavy trucks pay a little more for the highway network relative to the motorists than the light trucks who meet their responsibility through other forms of taxes (e.g., registration fees, motor fuel taxes) but do less damage to the system.  The monies collected are used to help pay for road repairs and maintenance.

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 encouraged to do so.  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.  Having the option to E-File makes the annual filing process quick and easy.

To E-File 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 »

Wednesday, October 31, 2012

Form 2290 Deadline Today for Vehicles First Used in September 2012

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Today is October 31st and that means today is the deadline to file Form 2290 for Heavy Vehicles that were first placed on public highways during September 2012.

You can use ExpressTruckTax.com to pay this tax online.  It is easy to use and simple to understand. You can file HVUT for your Taxable Vehicles in just minutes. A vehicle is considered to be a taxable vehicle if it was operating on public roads between the tax periods of July through June and has a taxable gross weight of at least 55,000 pounds and travels at least 5,000 miles during the tax period (7,500 miles if used for agriculture).

When using ExpressTruckTax.com to E-File your HVUT, here is a helpful checklist to guide you through the filing process:
  • E-file your 2290 returns with Expresstrucktax.com
  • Review Federal Tax ID# or EIN# [Employer Identification Number]
  • Review your Tax Year and Month
  • Review your VIN# [Vehicle Identification Number]
  • Sign and date your return electronically
  • Choose IRS payment option
  • Review all the information
  • Double check your Business Name
  • E-File Your 2290 Return

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 minutes. Express Truck Tax is authorized by the IRS to E-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. Be sure to get this filed today to avoid possible IRS penalties.

For more information or to get started today, visit ExpressTruckTax.com or contact our friendly US Truck Tax Experts in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.  We have Spanish Support too!

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Sunday, September 30, 2012

Form 2290 Deadline Today for Heavy Vehicles First Used in August 2012

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Today is the last day of September and that means today is the deadline to file Form 2290 for Heavy Vehicles that were first placed on public highways during August 2012.

Fortunately, this tax can be paid online using ExpressTruckTax.com It is easy to use and simple to understand. You can File HVUT for your Taxable Vehicles in just minutes. A Vehicle is considered to be a taxable vehicle if it was operating on public roads between the tax periods of July through June. A vehicle is also considered to be taxable if it has a taxable gross weight of at least 55,000 pounds and travels at least 5,000 miles during the tax period (7,500 miles if used for agriculture).

When using ExpressTruckTax.com to E-File your HVUT, here is a helpful checklist to guide you through the filing process:
  • E-file your 2290 returns with Expresstrucktax.com
  • Review Federal Tax ID# or EIN# [Employer Identification Number]
  • Review your Tax Year and Month
  • Review your VIN# [Vehicle Identification Number]
  • Sign and date your return electronically
  • Choose IRS payment option
  • Review all the information
  • Double check your Business Name
  • E-File Your 2290 Return

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 E-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. Be sure to get this filed today to avoid possible IRS penalties.

For more information or to get started today, visit ExpressTruckTax.com or contact our friendly US Truck Tax Experts in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.  We have Spanish Support too!

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E-file your HVUT Form 2290 with ExpressTruckTax.