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Additional Features with Express Truck Tax to e-file IRS form 2290

October 12th, 2011

When filing an IRS Form 2290 online, Express Truck Tax makes it easy by providing the best additional services on top of the easiest E-filing program for filing Heavy Highway Vehicle Use Taxes. When you file a Form 2290 with Express Truck Tax, you also have many more options than the typical e-filing service would provide. These great services include, but are not limited to: Free VIN Corrections, Automatically Notifying a Contracting or Leasing Company, and also sending automated emails to additional contacts.

Express Truck Tax was the first in the industry to provide Free VIN corrections. If you were so unfortunate when filing your IRS Form 2290 to incorrectly record the VIN number of your heavy vehicle, there is still hope for you! Thanks to the Good Folks at Express Truck Tax, you can E-File an IRS Form 2290 VIN Correction absolutely free!

Another great service that Express Truck Tax provides is the option to instantly notify your Contracting, Leasing, or Trucking, etc. Company the Schedule 1 as soon as it is accepted by the IRS. This process helps eliminate steps for the person filing. Many Trucking Companies require some kind of proof that their driver filed their Heavy Vehicle Use Taxes properly.

On the Proof of Payment Notification page, you can select to send your Schedule 1 to any contract or leasing company automatically as soon as your schedule 1 is received from the IRS. Simply check the box labeled “Send proof of payment to contracting leasing company and enter the requested contact information. As soon as your 2290 has been processed, Express Truck Tax will email and/or fax a copy to the company free of charge.

Another Great tool offered by the Express Truck Tax team is the ability to send text message or fax notifications the moment your Schedule 1 has been processed and stamped by the IRS. These can be sent to yourself or any other cell phone or fax number and serve as a great way to keep people informed. A similar service provided through Express Truck Tax allows the filing party to send email notifications to additional email addresses. This would allow the person filing to have the schedule 1 sent to his accountant, business manager, financial advisor, etc.

File a Federal Highway Use Tax Form 2290 VIN Correction for Free!

July 26th, 2011
To err is human, and the folks at Express Truck Tax understand this. Unfortunately, sometimes mistakes are even made on important documents like Tax Returns. If you wer unfortunate enough to incorrectly enter your VIN number when filing your Heavy Vehicle Use Taxes with IRS Form 2290, there is still hope for you!  Thanks to Express Truck Tax, you can Electronically File an IRS Form 2290 VIN Correction at no charge!

This is an exclusive offer from Express Truck Tax that no other HVUT E-File provider is offering. This filing process only takes a few minutes and the best part of it all is that it is also absolutely FREE. Express Truck Tax allows anyone to correct a VIN Number for any previously filed IRS Form 2290. The person filing the form will receive a new IRS-Stamped Schedule 1 in only a few minutes.  

Because of this speedy service, drivers, owner operators, and trucking companies will be able to get their truck taxes taken care of quickly, so that they can get back on the road in no time!  Express Truck Tax realizes that time on the road is valuable and that people need to spend as little time as possible worrying about the little details.  That’s why Express Truck Tax is making this process much simpler for those in the Trucking Industry who file HVUT.

Internal Revenue Service Form 2290 Section Overview

July 13th, 2011
First Use Month
The First Use Month refers to the month that the vehicle was first used during the tax period.  If the vehicle will be used for the entire Tax Period, then July would be the appropriate month to select.  

Taxable Vehicles
On The Taxable Vehicles section, you can enter all of your taxable motor vehicles weighing 55,000 lbs or more.  Do Not Add vehicles that you expect to use less than 5,000 miles during the tax period (or 7,500 miles, If Agricultural Use).  These Vehicles are known as low mileage, tax suspended, or category W vehicles; and they can be added in another section.

Suspended Vehicles
Tax Suspended Vehicles, also known as low mileage or category W vehicles are not subject to taxation because these vehicles will remain below the mileage threshold of 5,000 miles during the tax period (or 7,500 miles, if Agricultural use).  

Prior Year Suspended Vehicles
If You Reported any vehicles as Tax Suspended or category W during the previous tax period, you must report these vehicles to the IRS if either of the following occurred:
A:  The Vehicle exceeded the mileage threshold
or
B: The vehicle was Sold
Do Not add a suspended vehicle if neither of these occurred

Sold, Destroyed, or Stolen Vehicles
If you Sold a taxable vehicle, or that vehicle was destroyed or stolen before June 1st, you are eligible for a pro-rated credit or refund.

Low Mileage Credits
If you paid Heavy Vehicle Use Taxes, but did not exceed the mileage threshold during a prior tax period, you are eligible for a credit or refund of the Heavy Vehicle Use Taxes paid during that period. Enter all applicable vehicles in this section.

IRS Form 2290 Amendments

May 16th, 2011
When the information of the vehicle changes, IRS wants you to file amendments to the originally filed form 2290. There are three types of amendments available for form 2290.

    1.Additional Tax From Increase in Taxable Gross Weight
    2.Suspended vehicles exceeding the mileage use limit
    3.VIN Correction

Additional Tax From Increase in Taxable Gross Weight

This type of amendment is filed if the taxable gross weight of a vehicle increases during the period and the vehicle falls in a new higher category. For instance, an increase in maximum load customarily carried may change the taxable gross weight.
When this happens, you Need to calculate and report the additional tax for the remainder of the period on Form 2290, line 3. Also you need to check the Amended Return box and to the right of “Amended Return” write the month the taxable gross weight increased. This should be by the last day of the month following the month in which the taxable gross weight increased.
      
With ExpressTruckTax.com, we make it easy to file this increase in taxable gross weight and accurately calculate the difference in tax due to IRS.  You will also get your Schedule 1 for the new weight category in minutes.
Suspended vehicles exceeding the mileage use limit

This type of amendment is filed if a suspended vehicle exceeds the mileage use limit. 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.
You to need to calculate the tax on Form 2290, page 2, based on the month the vehicle was first used in the period. 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.
With ExpressTruckTax.com, we make it easy to file this amendment and accurately calculate the tax due to IRS.  You will also get your Schedule 1 for the weight category in minutes. 
VIN Correction

VIN Correction is filed if you have made a mistake in any of the VIN in the previously filed Form 2290.
VIN Corrections can be only done for Taxable or suspended vehicles and not for credit vehicles or for prior year 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 to the actual tax.
ExpressTruckTax.com offers Efiling of VIN Correction with no strings attached. You can efile VIN Correction and get your corrected Schedule 1 in minutes. 

How Fuel Tax-IFTA (International Fuel Tax Agreement) Works?

March 28th, 2011
What is IFTA?
The International Fuel Tax Agreement, or IFTA, represents a tax collection agreement by and among the 48 contiguous United States and the 10 Canadian Provinces bordering the United States.  IFTA is a quarterly tax on qualified highway motor vehicles that operate in at least 2 out of the 58 total jurisdictions.  

Who Must Pay?
A vehicle is considered to be a qualified motor vehicle if it is used, designed, or maintained for the transportation of persons or property and has a gross vehicle or registered gross vehicle weight of more than 26,000 pounds.  A Vehicle is also considered to be a qualified motor vehicle if it has three axles, regardless of its weight.  Finally, a vehicle is considered to be a qualified motor vehicle if the combined weight of all of its parts is greater than 26,000 pounds.

How Does it Work?
Each Vehicle has a Base Jurisdiction, which is the state or province in which the vehicle is registered.  Fuel Tax must be filed with each jurisdiction each quarter.  Each state or province has a different Rate and those rates change quarterly.  Each driver must keep a trip log of how many miles are traveled in each state or province, as well as how much fuel was purchased in each state or province.  

What is IFTA’s Purpose?
The official purpose of IFTA is “to promote and encourage the fullest and most efficient possible use of the highway system by making uniform the administration of motor fuels use taxation laws with respect to qualified member vehicles operated in multiple member jurisdictions.”  When IFTA is filed with the appropriate jurisdiction, The Fuel Tax Report is then used to determine the tax amount due as well as the refund due.  It is also used to redistribute taxes from collecting jurisdictions to jurisdictions that it is due.  One of the reasons for the Fuel Tax is to ensure that a vehicle pays taxes to all deserving jurisdictions. For Example: if a vehicle travels through a state, but buys no gas while in that state, then there was no fuel tax paid to that state through the purchase of gasoline.  Part of their tax would then be redistributed to the state that received no fuel tax.

Don’t Be Scammed by Fake IRS Communications

February 23rd, 2011
The Information Below comes From The Official IRS Website at http://www.irs.gov/newsroom/article/0,,id=202394,00.html
Don’t be Scammed by Fake IRS Communications

The IRS receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the Internal Revenue Service. Many of these scams fraudulently use the Internal Revenue Service name or logo as a lure to make the communication more authentic and enticing. The goal of these scams – known as phishing – is to trick you into revealing personal and financial information. The scammers can then use that information – like your Social Security number, bank account or credit card numbers – to commit identity theft or steal your money.

Here are five things the IRS wants you to know about phishing scams:
1. The IRS doesn’t ask for detailed personal and financial information like PIN numbers, passwords or similar secret access information for credit card, bank or other financial accounts.
2. The IRS does not initiate taxpayer communications through e-mail and won’t send a message about your tax account. If you receive an e-mail from someone claiming to be the IRS or directing you to an IRS site:
·  Do not reply to the message.
·  Do not open any attachments. Attachments may contain malicious code that will infect your computer.
·  Do not click on any links. If you clicked on links in a suspicious e-mail or phishing website and entered confidential information, visit the IRS website and enter the search term ‘identity theft’ for more information and resources to help.
3. The address of the official IRS website is http://www.irs.gov. Do not be confused or misled by sites claiming to be the IRS but ending in .com, .net, .org or other designations instead of .gov. If you discover a website that claims to be the IRS but you suspect it is bogus, do not provide any personal information on the suspicious site and report it to the IRS.
4. If you receive a phone call, fax or letter in the mail from an individual claiming to be from the IRS but you suspect they are not an IRS employee, contact the IRS at 1-800-829-1040 to determine if the IRS has a legitimate need to contact you. Report any bogus correspondence.
5. You can help shut down these schemes and prevent others from being victimized. Details on how to report specific types of scams and what to do if you’ve been victimized are available at http://www.irs.gov, keyword “phishing.”

We at Express Truck Tax care about the security of your information deeply.  Please be wary of suspicious emails, faxes, or letters that claim to be from the IRS.   We take the utmost care of your information and work directly with the IRS to guarantee the most secure transfer of information.

Last Minute Tax Tips

August 20th, 2010

There are just 10 days left to e-file your HVUT forms at www.Express2290.com. Here are some tips to help you get through the process as quickly as possible,

-Have your information close by. Know your business name, address and EIN. Also make sure to have the correct VINs for all the vehicles you’re reporting.

-Know your vehicles. Got any suspended vehicles? Any vehicles lost or stolen? Make sure you report all your relevant vehicles to the IRS.

-Get instant notification. With www.Express2290.com you can get fax and text message notifications so you know exactly when your Schedule 1 is ready.

-Get some help from the experts. If you’re pressed for time, or just need a bit of assistance www.Express2290.com has incredible customer support. They can walk you through the program, even assist you in filing. Contact them via email, chat or phone.

Just 10 days left. Gather your info and head over to www.Express2290.com now to get started!

The 5 W’s of filing HVUT

July 28th, 2010

What is Form 2290?
Form 2290 is the form used to file a Heavy Highway Vehicle Use Tax Return. It is required for highway motor vehicles that have a taxable gross weight of 55,000 pounds or more.

Who files Form 2290?
If a taxable highway motor vehicle is registered (or required to be registered) in your name at the time of its first use and the vehicle has a taxable gross weight of 55,000 pounds or more. This goes for individuals, limited liability companies, corporations, partnerships, or other organizations.

Why file Form 2290?
You’re required to file Form 2290 with the IRS for highway motor vehicles that have a taxable gross weight of 55,000 pounds or more.

When is Form 2290 filed?
Form 2290 must be filed for each month a taxable vehicle is first used on public highways during the current tax period, which begins on July 1, 2010 and ends on June 30, 2011.

The IRS provides this example:

John uses a taxable vehicle on July 1, 2010. John must file Form 2290 by August 31, 2010 for the period beginning July 1, 2010, through June 20, 2011. To figure the tax, John would use the amounts on Form 2290, page 2.

Where to file Form 2290
The IRS encourages all filers to file electronically, though it is required of those reporting 25 or more vehicles. You can get your filing done at ExpressTruckTax.com and save time and money.

HVUT Common Questions

July 26th, 2010

Need some help with your 2290 filing? The experts at ExpressTruckTax.com have the answers to all your questions.

What qualifies as a “highway motor vehicle”?
The IRS says a highway motor vehicle is any self-propelled vehicle designed to carry a load over public highways, whether or not that vehicle is also designed to perform other functions. Examples include trucks, buses and truck tractors. For the most part, vans and pickup trucks are not subject to this tax because their taxable gross weight is usually less than 55,000 pounds.

What qualifies as a “public highway”?
Any rod in the United States that is not a private roadway. That includes federal, state, county and city roads.

Are there any vehicles exempt from filing Form 2290?
Yes. Vehicles operated by:

  • 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 created under a statute that gives it certain powers normally exercised by the state
  • A qualified blood collector vehicle
  • Mobile machinery that meets the specifications for a chassis

Who files when a vehicle is dual registered?
If a taxable vehicle is dual registered to an owner and another person, the owner is liable for the tax and must file Form 2290.

What is the Taxable Gross Weight?
The taxable gross weight of a vehicle (except buses) is the total of

  • The actual unloaded weight of the vehicle fully equipped for service
  • The actual unloaded weight of any trailers equipped for service usually used with the vehicle
  • The weight of the maximum load usually carried on the vehicle and on any trailers usually used with the vehicle.

What is the Taxable Gross Weight for buses?
It’s the bus’ actual unloaded weight fully equipped for service plus 150 pounds for each seat provided for passengers and driver.

Can I pay my tax online?
Yes. If you’re filing electronically, you can pay the IRS using Electronic Funds Withdrawal, or with the Electronic Federal Tax Payment System

Why file?

July 12th, 2010

What’s the purpose of Form 2290 and why should you file it? Here are some of
the reasons you may need to file, straight from the IRS:

  • Figure and pay the tax due on highway motor vehicles used during the period
    with a taxable gross weight of 55,000 pounds or more.
  • Figure and pay the tax due if, during the period, the taxable gross weight of a
    vehicle increases and the vehicle falls into a new category. See the
    instructions for line 3 on page 5.
  • Claim suspension from the tax when a vehicle is expected to be used 5,000
    miles or less (7,500 miles or less for agricultural vehicles) during the period.
  • Claim a credit for tax paid on vehicles that were destroyed, stolen, sold, or
    used 5,000 miles or less (7,500 miles or less for agricultural vehicles).
  • Report acquisition of a used taxable vehicle for which the tax has been
    suspended.


Use Schedule 1 (Form 2290):

  • 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).
  • As proof of payment to register your vehicle(s) (unless specifically
    exempted) in any state. Use the Schedule 1 stamped and returned to you
    by the IRS for this purpose.
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