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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, May 3, 2018

10 Things Truckers Need To Know About IRS Form 2290

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IRS Form 2290 pre-filing season is officially here and the regular filing season is on the horizon. So to help get you ready here are the ten things truckers need to know about IRS Form 2290.

Time and time again truckers filing their 2290 online tend to ask the same questions and make the same mistakes when it comes to their heavy vehicle use taxes. So let’s go over them, so they are fresh in your mind when you pre-file or e-file later this year.


1. Is my vehicle subject to the HVUT/Form 2290?

You are subject to HVUT/Form 2290 if you are registering a vehicle in your name as an owner-operator or self-employed driver, it weighs more than 55,000 pounds, and you are using it on public roads. The Heavy Vehicle Use Tax applies to both interstate and intrastate drivers.

2. If I am based in Canada or Mexico, does the HVUT apply?

Yes, if you drive your vehicle in the United States. You will need to file a 2290 Form 2018 and pay any owed taxes. You will also need to carry proof of tax compliance when entering the U.S. as well.

3. When is Form 2290 due in 2018?

IRS Form 2290 returns are due on the last day of the month following your vehicle’s first month of use during the reporting period. That means if your vehicle was on the road last July (2017) the deadline for filing is August 31, 2018.

If your vehicle goes into service during the reporting period, you will need to file an additional Form 2290, Schedule 1, and pay the tax amount. For example, if you purchased a vehicle in November 2018, you are required to put the vehicle in your name making its first month of use December. In this case, you will need to file an additional Form 2290, Schedule 1, and pay owed taxes on or before December 31, 2019. This is a partial year filing and will be a reduced tax amount.


4. Can I suspend my Heavy Vehicle Use Tax?

You can apply for a suspension of the Heavy Vehicle Use Tax if you expect to drive your vehicle less than 5,000 miles during the year (7,500 miles for agricultural vehicles).

However, you are still required to file IRS Form 2290 even though you do not have a tax payment. If you do end up driving more than expected, you must file an amendment to your original 2290 and pay taxes.

5. Am I required to file my 2290 Form online?

Only if you have 25 or more qualified vehicles. If you do, the IRS does not require you to file 2290 online. However, the IRS highly encourages all taxpayers to file and pay online with an IRS-authorized e-file provider, like ExpressTruckTax. Hint hint…..

6. How can I claim a credit?


Trucker starting his 2290 pre-filing with TSNAmerica Now is the time for you to claim any credits you earned last year. The credits can be claimed using a couple of different methods.

If you ended up driving your vehicle less than 5,00 miles (or 7,500 for agricultural vehicles) you can claim a credit. Or if your vehicle was stolen or destroyed last year, you can claim a credit. For more information, I would visit the IRS website for the full list of situations. 

7. Can I claim a refund on my IRS Form 2290?

Yes, if your credit exceeds your taxes owed on your 2018-2019 filing, you will need to file a refund. This can be done by filing IRS Form 8849, Claim for Refund Excise Taxes.

8. What do I need to register my vehicle?

Proof of your HVUT payment is required before you register your vehicles. You will not be registered unless you can provide your stamped Schedule 1.

9. How do I pay 2990 online?

When you file 2290 online with ExpressTruckTax, you can pay via the Electronic Federal Tax Payment System (EFTPS), or by check/money order.

10. Where can I find more information about IRS Form 2290?

You can check out our blog page for more information concerning pre-filing and the upcoming 2290 season. Check out our FAQ page which answers more questions you might have about Form 2290. Or you can find more information via the IRS publication “Instructions for Form 2290.”

We Got Your Back

We understand that we are coming up on a very stressful time for the trucking industry, but we will be there every step of the way. We will continue to supply you with up-to-date information about the IRS Form 2290 deadline.

ExpressTruckTax is a trusted IRS-authorized e-file provider with a simplified step-by-step filing process. We also offer 24/7 support in both English and Spanish to answer any of your questions.




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Tuesday, May 1, 2018

What You Need To Know About The Denham Amendment 2018

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FAA reauthorization 2018 just passed through the house and this is how it will effect the trucking industry
Thursday, April 26th the Federal Aviation Administration's (FAA) reauthorization 2018 bill passed through the House and included an amendment that will affect all within the trucking industry. The Denham-Cuellar-Costa Amendment simply know as the Denham Amendment has received very mixed reactions from those within the industry. Here is what you need to know about the Denham Amendment 2018. 


What You Need To Know About The Denham Amendment 2018

Backed by House representatives Jeff Denham (R-Cali), Henry Cuellar (D-Texas), and Jim Costa (D-Cali) will standardize meal and rest breaks for truckers. The American Trucking Associations (ATA) believe that the amendment will streamline interstate commerce by further federalizing the hours-of-service rules and regulations. However, on the other end of the spectrum, you have the Owner-Operator Independent Drivers Association (OOIDA), they believe the Denham Amendment is a threat to drivers fair pay and breaks.


What Does The Denham Amendment Mean?

Before we get into the current industry fight, we will review the facts about the Denham Amendment and how it will affect you. In summary, the amendment will prevent an individual state from setting their own rules and regulations. All drivers will need to abide by the Department of Transportation’s (DOTs) hours-of-service by federal law.
Truckers will be impacted by the passing of the Denham Amendment Under the current federal hours-of-service regulations, drivers are required to take a 20-minute break after driving for eight hours. This means drivers can now work longer hours without taking breaks and without violating state laws.

For example, California requires a 10-minute break for every four hours driven and a 30-minute meal break for every five working hours. The new hours-of-service will be enforced using a mandated Electronic Logging Device (ELD).



ATA Vs. OOIDA

So what do both parties want regarding the Denham Amendment:

American Trucking Associations (ATA):
  • They want unified regulations that will not hamper interstate commerce.
  • With the Denham Amendment ATA believes productivity will rise since drivers can continue driving to meet shipment times.
  • This will cause less confusion when crossing into new jurisdictions.

Owner-Operator Independent Drivers Association (OOIDA):
  • They believe this will deter drivers from taking much-needed breaks, potentially causing accidents and a decrease in productivity.
  • Under the Denham Amendment drivers wages will be standardized as well because companies will not be required to meet state-imposed minimum wages. 


We want to hear from you! Let us know your thought on the Denham Amendment. Do you like that the hours-of-service will be standardized between state lines or do you believe it will negatively affect your pay/breaks?






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Monday, April 30, 2018

Today is the 1st Quarter IFTA Deadline

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Yup, that’s right today, April 30th is the 1st quarter IFTA deadline. You will need to complete your IFTA return by midnight or you will have some major penalties to face. If this deadline snuck up on you and you’re wondering how you’ll ever make the deadline, don’t worry! We have your IFTA fuel tax solution.

Check out our awesome sister product, ExpressIFTA to easily handle all of your IFTA reporting needs online. You can quickly generate your IFTA report and use it to complete your return. Plus, we’re here to go over all the IFTA basics so you’ll be up to speed.

Today is the 1st Quarter IFTA Deadline

Before we drive headlong into today’s IFTA reporting deadline, let’s review the basics of what you need to know.

What is IFTA?

If you are asking yourself “What is IFTA?” then you are in worse shape than I expected. But don’t worry I got you. The International Fuel Tax Agreement, or IFTA, quarterly fuel tax report allows you to travel in all participating member jurisdictions with a single fuel tax license. To operate in two or more jurisdictions, you are required to have an IFTA sticker and license.

You receive your IFTA stickers and license through you base jurisdiction which is your home state or where your vehicle is registered. Your IFTA license needs to be renewed annually in December. When you hold an IFTA license, you are required to file an IFTA quarterly fuel tax report that shows and calculated how much fuel tax you owe (or are credited) to remain compliant.

In short, IFTA is used to report and determine the net tax refund that’s due and to redistribute taxes from collecting states to due states. This agreement is between the lower 48 United States and 10 Canadian provinces, this regulation was put into place to simplify fuel reporting by those who use qualified motor vehicles.


Your vehicle qualifies for IFTA reporting if:
  • Has two axles and a gross vehicle weight exceeding 26,00 pounds
  • Has two axles and a registered gross weight exceeding 26,000 pounds
  • Has three or more axles regardless of weight
  • Or has a combined weight exceeding 26,000 pounds

To complete your IFTA report you need to provide the following information:
  • The total miles traveled per jurisdiction
  • The total gallons of fuel consumed per jurisdiction
  • The total tax paid gallons of fuel purchased per jurisdiction, and 
  • The current tax rate per jurisdiction 

File Your IFTA Fuel Tax Report

Our sister product, ExpressIFTA, makes it easy to import all of your IFTA information online in one convenient location. Use your IFTA reports to automatically calculate all fo your IFTA totals with 100% accuracy.

Your IFTA fuel tax rates will be generated in an easy-to-read quarterly IFTA report that contains everything you need to complete your return. Instantly print, download, or email your information at any time.

Today is the deadline for filing IFTA!! If you fail to file before midnight today you could be looking at major penalties.



Start IFTA Report




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Thursday, April 26, 2018

What New Truckers Need To Know About IFTA Reporting

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If you are new to the trucking industry let me just say congratulations on earning your CDL and completing your driving training. We completely understand that team driving is not the easiest thing to get through. However, you’re not completely out of the woods yet.

You still have a lot to learn about the road and that will only come from being behind the wheel. But, you will also need to learn how to manage all of the required trucking taxes. Everything from Heavy Vehicle Use Tax, your IRP, and of course your IFTA quarterly fuel tax report. To help you get started here is what new truckers need to know about IFTA reporting.


What New Truckers Need To Know About IFTA Reporting

IFTA, or the International Fuel Tax Agreement, is an arrangement between 48 of the United States and 10 Canadian provinces to report fuel use by motor carriers that operate in more than one jurisdiction (state). The IFTA fuel tax redistributes fuel taxes equally among the jurisdictions.

To show you filed your IFTA return and pay the taxes owed by the deadline you will be issued an IFTA license and IFTA stickers. The license should be kept in your truck at all times and the IFTA stickers are displayed under your driver’s side window.


Vehicle Qualifications For IFTA Reporting

Your vehicle qualifies for IFTA reporting if it travels between more than one jurisdiction and:
  • Has two axles and a gross vehicle weight exceeding 26,000 pounds
  • Has two axles and a registered weight exceeding 26,000 pounds
  • Has a combination weight exceeding 26,000 pounds
  • Has three or more axles regardless of weight

IFTA Quarterly Fuel Tax Report Requirements

You are required to complete an IFTA report four times a year and file with your base jurisdiction (home state). Your base jurisdiction is where your qualifying vehicles are required to be registered and where your information is available in the event of an IFTA audit.

To complete your IFTA fuel tax return you will need to report:
    • The total miles traveled per jurisdiction including taxable and nontaxable, IFTA and non-IFTA, and trip permit miles
    • The total gallons of fuel consumed in each jurisdiction including taxable and nontaxable, IFTA, and trip permit miles
    • The number of gallons of fuel purchased per jurisdiction
    • The tax paid on each gallon of fuel purchased per jurisdiction
    • And the current tax rate per jurisdiction

File With The Best IFTA Software Available

If all of this information is slightly headache-inducing we totally understand. Which is why our sister product, ExpressIFTA makes IFTA reporting simple. Their IFTA software for reporting includes innovative features that let you upload your IFTA fuel tax information at your own pace. Upload your trip information as you go or all at once with each quick entry screen. You can even upload your miles from your fuel card.

Don’t worry about handling any complicated calculation yourself, because ExpressIFTA will automatically calculate IFTA fuel tax rates for you. And all of your information will be kept in an easy-to-read report that can be easily printed and used to complete your return.



File Your IFTA Return



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Tuesday, April 24, 2018

What You Need To Know About IFTA Reporting 2019

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truck driver can get on down the road now that he has filed his quarterly 2290 report
If you are a new owner-operator, we welcome you to the wonderful world of IFTA. You have probably heard through the grapevine that IFTA filing is...well... difficult and usually involves some expressive expletives. But it's really not that bad when you know where to go. Here is what you need to know about IFTA reporting 2019.

What You Need To Know About IFTA Reporting 2019

Before we dive into the filing your IFTA reporting, let’s go over some of the basics.

IFTA Fuel Tax Basics

The International Fuel Tax Agreement, or IFTA, quarterly fuel tax report allows you to travel in all participating member jurisdictions with a single fuel tax license. To operate in two or more member jurisdictions, you are required to have an IFTA sticker and license.

You receive your IFTA license through your base jurisdiction and you are given an IFTA sticker to put on your truck. Your IFTA license needs to be renewed annually in December. When you hold an IFTA license, you are required to file an IFTA quarterly fuel tax report that calculates how much fuel tax you owe (or are credited) to remain compliant.

Your vehicle qualifies for IFTA reporting if it:

  • Has two axles and a gross vehicle weight exceeding 26,00 pounds
  • Has two axles and a registered gross weight exceeding 26,000 pounds
  • Has three or more axles regardless of weight
  • Or has a combined weight exceeding 26,000 pounds


Filing Your IFTA Fuel Tax Form

Trucker is back on the road after filing his IFTA report with ExpressTruckTaxYour first quarter IFTA return is due April 30th! Thankfully ExpressTruckTax has a sister product named ExpressIFTA that makes IFTA reporting incredibly easy online. You can track all of the totals you need to complete your return in one convenient location!

Plus, you can import all of your information at once with the bulk upload feature Also, you can import all of your mileage information directly from your GPS.

Best of all your totals will be automatically calculated in an IFTA quarterly fuel tax report that can be downloaded, printed, emailed, and used to complete your IFTA return instantly. It’s the fastest and most hassle-free way to handle IFTA.

File Your IFTA Report Now



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Tuesday, April 17, 2018

How To Cruise Your Way Through Tax Day 2019

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Truck Driver Cruising Through Tax Day 2018
Tax Day 2019 is almost here! April 15th is the 2018 income tax filing deadline and, we want to make sure you have everything you need to avoid IRS penalties and interest.

Need more time to file? We have the solution to your last-minute tax filing crisis... 2019 tax extension Form 4868.

Here is the secret to cruising your way through tax day 2019.

How To Cruise Your Way Through Tax Day 2019

Whether you are still gathering your tax information or totally forgot today was Tax Day 2019, the IRS will automatically grant you an automatic six-month extension to file with Income Tax Extension Form 4868.

Tax Extension Deadline 2019

File tax extension 2019 Form 4868 for any of the following forms:

Form 1040, Form 1040A, Form 1040-EZ, Form 1040NR, Form 1040NR-EZ, Form 1040-PR or 1040-SS.

Once your income tax extension is approved by the IRS, you will have until October 15th, 2019 to file your income tax return penalty-free. Sa-weet!

Reasons To File A Tax Extension

Last-minute tax filing is never a good thing. The top three reasons to file a tax extension include:

1) You Will Make Mistakes
2) Refunds & Credits Will Be Missed
3) Tax Extensions Are So Easy

If you fail to file your income tax return you will face IRS penalties and will find Uncle Sam knocking on your truck door first thing in the morning 🤷🏽.

Do yourself a favor and file for an income tax extension today with our sister product, ExpressExtension.

How To Apply For Tax Extension Form

Filing Income Tax Extension Form 4868 with ExpressExtension literally takes minutes and will extend your 2019 tax deadline date.

Create your free ExpressExtension account and click "Create Personal Tax Extension" from your account Dashboard. If you owe taxes, you will need to estimate your total income tax payment for the filing year. You can use your prior year tax situation as a reference, but give the most accurate approximation as possible.

When you have everything ready, our step-by-step instructions will help you file your tax extension online in minutes, and we will do the rest, so you cruise your way through Tax Day 2019!

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Friday, April 13, 2018

How to Get More Time to File Your 2018 Tax Return

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Spring is here, making it a little more interesting to drive with major storms hitting the road. Some areas have been hit by severe storms, tornadoes, and even snow! However, the intense weather is not the only scary thing that comes with spring, because it is also tax time! Make sure you are up to date on the upcoming personal and truck tax deadlines.

How to Get More Time to File Your 2018 Tax Return

Typically, Tax Day is April 15th, but this year it falls on Sunday and Monday is Emancipation Day, a legal holiday in Washington, D.C. The Official Tax Day Deadline is April 15th, 2019.

Need More Time To File?

The IRS is far more forgiving about doling out additional time than you might expect when it comes to the 2018 personal tax deadline. Filing an income tax extension is easier than you might think, especially if you e-file a tax extension online. You can file tax extension Form 4868 for an automatic six-month extension to submit your federal income tax return without penalties.

If you submit your application to the IRS by midnight on April 15, 2019, you will receive an additional six months to file your tax return without incurring IRS penalties.

However, while Form 4868 does give you an extension of time to file income returns, it does not extend the time to pay. If you are unable to make your tax payment, you will need to pay penalties and interest, It is recommended that you pay as much of the owed taxes as possible to lower your penalty cost.

What You Need to File a Federal Income Tax Extension

Assuming you file on time, you will automatically receive six months to file your return to the IRS, and you will not be subject to late-filing penalties. You will have until October 15th, 2019 to file your tax return. 


To file for a tax return extension, you will need:
  • Your name and address
    • Spouse’s name if filing jointly)
  • Your Social Security Number (SSN
    • Spouse’s SSN if filing jointly
  • Estimated total tax liability for the 2018 tax year
  • Totally 2018 tax withholding and tax payments
  • Estimated tax payment owed to the IRS (If any)

How Do I Apply For An Income Tax Extension?

You can e-file Form 4868 with our sister product ExpressExtension. They will transmit your forms directly to the IRS so you can rest easy knowing you have an additional six months to file your federal income taxes. File today and receive an automatic six-month extension of time to file your personal tax return.

Once you have filed Form 4868 with the IRS, you will get a confirmation email within 48 hours notifying you that your extension was accepted by the IRS.

File Your Federal Income Tax Extension Today!



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Tuesday, March 27, 2018

What You Need to Know About The ELD Exemptions

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FMCSA Director Hears ELD Concerns at MATS

Trucking community concerned about the ELD mandate and ELD exemptions
During the Mid-America Trucking Show, commonly known as MATS 2018, federal regulators faced off against a standing-room-only crowd of owner-operators and other trucking veterans from across the nation.

The Federal Motor Carrier Safety Administration (FMCSA) Director of Enforcement and Compliance, Joseph DeLorenzo, hosted a seminar during the first day of MATS; here is what happened and what you need to know about the ELD Exemptions.

What You Need to Know About The ELD Exemptions

Since the Electronic Logging Devices Mandate (ELDs) back in December, there has been growing concern among the trucking community. From older truck exemptions to confusion over the agricultural exemption this hour-long seminar covered more than just type of ELD compliance.

Older Truck Exemption

Joseph DeLorenzo faced off against a standing-room-only crowd lead my trucking veterans across the nation. This first wave of questions centered around the older truck exemption to which DeLorenzo stated that all pre-2000 engines are exempt. And this ELD exemption applies to all pre-2000 engines whether it came with the vehicle or if it was a replacement.

However, this exemption does not apply if the pre-2000 engines are rebuilt to a certain extent and should be relabeled. If you undergo a roadside inspection, the officer will check the engine tag to determine if your truck is exempt.

The Commercial Vehicle Safety Alliance (CVSA) has been issued guidance on this matter according to DeLorenzo.

ELD AG Exemption

Is all transportation of agricultural commodities exempt? This is a more difficult question that owner-operators and self-employed drivers put to DeLorenzo. To sum up his response, the federal definition is the rule of thumb regardless of the state definition of agriculture.

According to the federal government, ELD Ag exemption is considered the transportation of bees, livestock, unprocessed fruits, and vegetables. The exclusivity of the federal definition of agricultural commodities leaves several drivers concerned considering the ELD mandate.


Electronic Logging Device (ELD) Mandate

What should owner-operators and self-employed drivers know about ELD exemptions Under the ELD exemption, you do not have to comply with new regulations if you do not exceed 150-miles more than eight times in a 30-day period. Once you extend past this, you have 11 hours of driving time and 14 hours of off-duty time.

The 90-day waiver for federally defined agricultural commodities pushes the pause button on the ELD mandate. If you are transporting agricultural commodities as defined by the federal government, you will be covered under the ELD AG Exemption no matter how many time you exceed the 150-mile distance.

ELD Deadline

As drivers, you should already be aware that the deadline for complying with the ELD mandate is April 1st. If you are found without an electronic logging device, you will be cited and most likely ticketed if you cannot prove exemption.

After the April 1st ELD deadline, you will be put out of service for 10 hours and then allowed to complete your run. However, you are required to install an ELD immediately before your next route. If you are later found without an ELD, you will receive an out-of-service violation under the ELD mandate.

We want to hear from you! Let us know your thoughts on the ELD mandate.
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Friday, March 23, 2018

Are You Ready for the Upcoming UCR Deadline?

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ExpressTruckTax has some excellent news for the trucking industry! After nearly a 90-day delay, you are now able to complete your annual Unified Carrier Registration process for 2018.

Unified Carrier Registration, or UCR, requires that drivers and companies who operate a commercial motor vehicle for interstate or international commerce, register their business with the state and pay an annual fee based on the size of the fleet.

Luckily, the UCR fees for this year have been reduced by 9.1%; it doesn’t get much better than that!

You can expect that UCR fees will increase slightly for 2019. However, they will still be 4.6% lower than the fees you paid in 2017.

If you’re a broker, private carrier, or freight forwarder, you are required to register and pay also.

Why The Delay for UCR?


UCR’s usually are available on October 1 and close on December 31; however, this year was a different story due to legal questions centered around a proposal that was issued last September by the Department of Transportation (DOT).

The proposal sparked a lawsuit to be filed by the Small Business in Transportation Coalition against the UCR Board. To make a long story short, the coalition claimed that the UCR Board violated federal open meetings laws for the new fee structure and 2018 registration period to be discussed.

The court was in agreement that the UCR Board failed to provide the proper notice to the public about the meetings but decided to keep the decisions that were made by the board, but what does this mean for you?!

When Do I Need To Register & Pay My UCR Fees?

Great question! You have until April 5 to register and pay your annual fees UCR for 2018.

Here’s what you’ll have to pay this year and next for UCR:



Where Can I Register & Pay UCR Fees?

You can register, process, and pay for your Unified Carrier Registration, or UCR, fees in one place at Official UCR Board Certified Registration website.

April 5th will be here before you know it, so take a moment and handle your UCR requirements today while you still have time!
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ExpressTruckTax Blog

E-file your HVUT Form 2290 with ExpressTruckTax.