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Showing posts with label truck taxes. Show all posts
Showing posts with label truck taxes. Show all posts

Tuesday, October 29, 2019

Are You Caught Up With Your Truck Taxes?

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Truck driving during the fall, when taxes like 3rd quarter IFTA and IRS 941 are due.
Being a trucker isn’t easy. It seems like everyone on the road thinks you’re in their way, and yet the demand for delivered goods just keeps increasing.

On top of that, you have some serious bookkeeping to maintain.

Luckily for you, there are online software solutions like ExpressTruckTax to help take the paperwork off your plate.

Here are some yearly and quarterly truck taxes you need to be aware of in order to avoid penalties and interest.

Watch out for these truck taxes:

IFTA Fuel Tax

The IFTA fuel tax is a quarterly tax used to collect and distribute fuel tax revenue between jurisdictions.

IFTA simplifies truck taxes by allowing you to travel in all participating member jurisdictions with a single fuel tax license.

You’ll need to file report your IFTA tax to your base jurisdiction 4 times a year.

Here are the IFTA fuel tax deadlines you need to be aware of



Quarter
Period
Due Date
1st
January - March
April 30
2nd
April - June
July 31
3rd
July - September
October 31
4th
October - December
January 31

Notice that the 3rd quarter IFTA deadline is approaching soon on Halloween!

Use ExpressIFTA, an online IFTA reporting software, to track all of your fuel records and generate your quarterly IFTA fuel tax reports online. 

IRS Form 2290

Form 2290 is due annually, so you only need to worry about it once a year.

It’s coupled with the Heavy Use Vehicle Tax, which is the 2290 tax amount you must pay in addition to filing Form 2290.

Hopefully, this one doesn’t need to even be on your radar for months. It was due September 3, 2019. (Normally, Form 2290 is due August 31, but that date fell on a weekend).

If, however, your Form 2290 was rejected, or if you still have not filed IRS Form 2290 for 2019-20, you’ll need to do so right away. IRS penalties and interest for this tax are not forgiving, and they only increase with time.

Online filing takes less than 10 minutes, so there’s really no reason to endure hefty penalties.

Trucking down the highway, up to date on truck taxs like IFTA fuel tax and Form 941.

If you put off filing your 2290 tax form due to your inability to afford the 2290 tax, it’s important to note that the penalty for filing your Form 2290 but failing to pay your 2290 tax is substantially lower than failing to file and pay.

In addition to avoiding penalties, it is necessary to file your 2290 tax form each year in order to receive your stamped Schedule 1, which is required for operation.

Use ExpressTruckTax, the industry’s leading IRS-authorized e-file provider, to file IRS Form 2290 in minutes from anywhere on your phone, tablet, or computer. Never even set foot in an IRS office during one of the busiest truck tax seasons.

941 Taxes

Form 941 is relevant if you own and operate a trucking business with employees, as it is used to report employment taxes and calculate the employer’s portion of Social Security and Medicare tax.

941 taxes are quarterly, meaning they’re due 4 times a year:


Quarter
Period
Due Date
1st
January - March
April 30
2nd
April - June
July 31
3rd
July - September
October 31
4th
October - December
January 31


As you can see, the 3rd quarter 941 Form 2019 deadline is coming up. Make sure you know whether or not you need to file 941 taxes. Unsure if you need to file? Read more here.

If you do need to file IRS Form 941, you’ll want to check out TaxBandits. Forget the paperwork, simply file 941 taxes online in a few minutes. Plus their interview style e-filing process and automatic error checks ensure success.

Keep up with your truck taxes! You don’t need to be spending unnecessary money on penalties and fees. Check out ExpressTruckTax, ExpressIFTA, and TaxBandits today. You’ll be glad you did.



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Thursday, October 24, 2019

Trucking 101: Everything You Need to Know About ExpressTruckTax

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Truck driver driving in the mountains; uses ExpressTruckTax to file IRS 2290.
You might already know that ExpressTruckTax is here for your Form 2290 filing needs.

In fact, we’re the industry-leading e-file provider for IRS 2290.

But what else do you know? Find out other ways we can help you with truck taxes to take the paperwork out of trucking.

Truck Taxes

IRS Form 2290

Did you use ExpressTruckTax to file Form 2290 this year? If so, thanks for choosing us!

Our number 1 referral method is word of mouth, so be sure to tell your friends about your experience.

If you didn’t file with ExpressTruckTax, or haven’t heard of us before, here’s the rundown:

1.  ExpressTruckTax is an IRS-authorized e-file provider.

That means our system is authorized by the IRS to participate in the IRS e-file program. Not only are we backed by the IRS, but we run on cloud-based software, keeping your sensitive information safe and secure.

2.  ExpressTruckTax takes the paperwork out of filing.

No, seriously. You never need to touch a piece of paper to file IRS 2290, and you definitely don’t have to stand in those ridiculous lines at the IRS. Honestly, I hope no one is still doing that.

3.  ExpressTruckTax is here for you.

The ExpressTruckTax support team is a 100% US-based, live support team, meaning you’ll always get a real human on the phone who knows what they’re talking about.

Best of all, you’ll get your IRS 2290 stamped Schedule 1 just minutes after filing Form 2290.

IFTA Fuel Tax

So, maybe you knew all that, but did you know we can help with IFTA filing too?

Simply log in to your ExpressTruckTax account, or create one for free. Then, select the “IFTA” tab at the top of the home page.

IFTA filing has never been easier. It’s all the ease of Form 2290, but with IFTA reporting!

Don’t forget, your 3rd quarter IFTA deadline is October 31, 2019. File your IFTA fuel tax by Halloween to avoid penalties and interest.

Truck Drivers Are Our Priority

Now you know a little bit about how ExpressTruckTax can help you, especially with IRS Form 2290 and IFTA fuel tax.

We’re here for you. Our top-notch customer support team is available to help, whether you need to make a correction on your Form 2290, have questions about IFTA filing, or need clarity on truck taxes and deadlines.

We’re here to take some of the hassle and paperwork out of being a truck driver, but most importantly, we’re here for you.


Check out our other blogs to find more resources to help you succeed in the trucking industry.

Happy trucking!








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Friday, January 19, 2018

Your Trucking Guide To IRP Reporting

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ExpressTruckTax makes Form 2290 easy
When it comes to truck taxes there are multiple forms to file and tons of deadlines. We know that you’re familiar with your Heavy Vehicle Use Tax Form 2290, and you regularly file your quarterly IFTA return, but what about your IRP return?

Your IRP return is actually pretty closely related to your HVUT return, and IFTA report, because you need your Schedule 1 to complete your IRP return, and you also need to track your mileage per jurisdiction. This may seem overwhelming, but we’re here to help clear everything up.

The Trucking Guide To IRP Reporting


First of all, IRP is the International Registration Plan and it’s a reciprocal agreement that authorizes proportional registration among the 48 contiguous United States and 10 Canadian provinces.

This agreement provides apportioned payments based off of the total distance operated in each jurisdiction (state). That means the operator of the vehicle must report the number of miles traveled per jurisdiction on an annual basis and pay the amount of taxes they owe to their base jurisdiction (home state).

IRP Requirements

You are responsible for completing your IRP return if you operate a heavy vehicle that operates in more than one jurisdiction and it:

  • Weighs more than 26,000 pounds
  • Has three or more axles, regardless of weight, or
  • Is a power unit and trailer with a gross vehicle weight higher than 26,000 pounds.
To first receive your IRP license you must register with your base jurisdiction. Then you will receive your IRP license, which should be carried in your cab at all times. You will also have a specially marked license plate.

Then each year you will need to file your IRP return to renew your tags and to continue legally operating in multiple jurisdictions. Your IRP return deadline is based on the expiration date on your license plate.

In order to complete your return, you need to list the mileage traveled per jurisdiction during the year. Your mileage can be recorded with the same online program you use for your IFTA report, like ExpressIFTA.

Easily file HVUT Form 2290 online with ExpressTruckTax
ExpressIFTA makes it incredibly easy to import all of your information and track it in one convenient location online. You can use the bulk upload feature to import all of your information at once or import all of your data from your ELD device.

You also need a copy of your stamped Schedule 1 to complete your IRP return. You stamped Schedule 1 serves as proof of completing your HVUT Form 2290.

E-Filing Form 2290


You can actually easily file your truck tax from with ExpressTruckTax to instantly receive a copy of your stamped Schedule 1 via email.

All you have to do to get started is create your free account. Then you can follow our step-by-step instructions to quickly complete your form and transmit directly to the IRS. Then in about 15 minutes you'll get a copy of your stamped Schedule 1. This is the fastest and easiest way to complete your truck taxes.

Plus, if you need any assistance the live, US-based ExpressTruckTax team is standing by to help. Give us a call Monday - Friday from 9 AM to 6 PM EST at 704.234.6005. We also offer live chat and 24/7 email support at support@ExpressTruckTax.com.
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Wednesday, April 12, 2017

Are You Prepared For These Tax Deadlines?

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How are things going? We know it’s a busy time since business picks up in the spring. Plus, you’re really focusing on driving carefully due to all the crazy storms that are popping because of unpredictable April weather. On top of all that, tax season is here!

Luckily you have ExpressTruckTax here to help out in any way we can by providing you with a simple way to quickly e-file your HVUT, calculate your IFTA totals, and inform you about upcoming tax deadlines. So, let’s take a look at what’s coming up.

Upcoming Tax Deadlines


Watch out, at the end of the month your first quarter IFTA report is due! The deadline falls on April 30th, which is a Sunday. Since the deadline falls on a weekend day, the actual IFTA deadline is on the next business day, Monday, May 1st. That gives you the entire weekend to calculate your IFTA totals!

But who wants to spend their weekend calculating when they could be relaxing and watching the game? That’s why we’ve made it extremely easy to quickly calculate and keep track of everything you need for your IFTA totals.

You can use the quick entry screen to keep up with your odometer readings, quickly calculate your totals with our fuel tax calculator app, keep up with your miles per jurisdiction with our trip sheets, and more.

Your HVUT is due annually on August 31st, so you may feel a little more relaxed about that deadline since you have all summer to file your 2290. However, if you have a new truck or new to you truck then your HVUT is due the last day of the month after your first used month. Meaning if you first use your new vehicle in April then your 2290 is due by May 31st.

ExpressTruckTax is the market leading HVUT solution because we’ve simplified the e-filing process to help you fill out your Form 2290 and receive your stamped Schedule 1 in a matter of minutes.

Our step-by-step guide will help you instantly complete your 2290, and our 2290 calculator will help you accurately calculate how much you owe. Plus, your vehicle information will be saved for next time, and we offer free VIN corrections. After you’ve transmitted your 2290 to the IRS you’ll quickly receive a copy of your stamped Schedule 1 via email.

All of that stuff is great for your truck taxes, but what about your personal taxes?! The Income Tax Return Deadline is quickly approaching April 18th! We understand that while you’re busy out on the road it can be difficult to gather all the information necessary to file.

That’s why we have your personal tax filing solution. Simply head to our sister company, ExpressExtension, to e-file Personal Tax Extension Form 4868. IRS Form 4868 is for individual and joint taxpayers to apply for an additional 6-months to file their personal income tax returns.

The process is easy, you spend a few minutes filling out Form 4868 and transmit it to the IRS by the April 18th deadline to instantly receive 6 extra months to file your return, pushing your deadline back to October 16th. Visit ExpressExtension.com for more information.

If you need to file while out on the road, no problem. Simply download the free 4868 app to your smartphone or tablet to file 1040 extension online at any time from any location.

Contact Us


Tax time is a busy time and it can also be a confusing time. That’s why the dedicated ExpressTruckTax team is standing by to help. We will be more than happy to assist you with any questions that you may have. Call us anytime Monday - Friday from 9 AM to 6 PM EST at 704.234.6005, live chat with us, or take advantage of our 24/7 email support at support@expresstrucktax.com.
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Friday, July 12, 2013

Trucking Spotlight

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-   Steve Grobin
-   On my way to New Brunswick Canada to pick up potato flakes for Pringles in TN
-  This picture was taken in Maine.


Thanks for sharing this photo with us, Steve!  Stay safe on your long journey!
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Wednesday, July 10, 2013

Trucking Spotlight

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-  J. Bower Trucking
-  My old Kenworth

Thanks for sharing this photo.  This Kenworth looks great, no matter what its age may be. 

Keep on Trucking & we will Keep on E-Filing the Form 2290!
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Friday, July 5, 2013

Trucking Spotlight

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- Al Kent

A Big Thanks to Al Kent for sending us this photo of his truck!  You can't beat this scenery.

Keep on Trucking & we will keep on E-Filing 2290s. 
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Monday, January 7, 2013

Trucking Spotlight

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- David M Slocum


- This is SEMI-CRAZY


We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
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Monday, December 10, 2012

Trucking Spotlight

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 "Take Pride in Your Ride!"

- J.M. Trucking, LLC

Note:
We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
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Monday, October 1, 2012

Trucking Spotlight

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- Herbert W Moore III

- Herbert Moore Trucking

-Phoenix, AZ

Note:
We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
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Tuesday, September 4, 2012

Trucking Spotlight

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-  Steve Pieri

Note:
We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
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Thursday, August 30, 2012

Trucking Spotlight

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-  Mallory O'Rourke

-  Gibson Oilfield Services Inc.

Note:

We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
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Trucking Spotlight

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-  K&D Express Trucking, LLC

-  "Old School"   Getting it done!

Note:
We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
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Trucking Spotlight

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-  Robert Dale Tucker

-  The Biggest Baddest Truck on the road today


Note:
We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
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Trucking Spotlight

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-  Brenda Swaidner

-  Trucks For You, Inc.

-  Been at Trucks For You, Inc. for 25 years.  They care about their drivers and employees!  They treat you like family, not just a number!

Note:
We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
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Trucking Spotlight

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-  Alejandro Cedillo

Note:
We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
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Wednesday, August 29, 2012

Trucking Spotlight

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-  Bryan Larson

-  2004 W900L 550 Accert C-15 Seattle Trim

-  Larson Farms

-  Williston, ND

Note:
We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
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Friday, August 24, 2012

Trucking Spotlight

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- D&D Sexton Inc.

We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
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Thursday, August 23, 2012

Trucking Spotlight

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- Joseph Yargo Trucking

- This is a picture of my fighting tiger. 

- I would like to thank ExpressTruckTax.  I truly did receive my Schedule 1 within minutes of filing

We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
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Wednesday, August 22, 2012

Trucking Spotlight

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-  Mike Hastings

-  1998 Eagle

-  1.6 Million Miles and Still Working!


We are proud to showcase our clients' trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!
 
 
 

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E-file your HVUT Form 2290 with ExpressTruckTax.