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Posts Tagged ‘IRS Tax Form 2290’

Express Truck Tax offers E-Filing for Form 2290 for as little as $9.90

November 15th, 2011

ExpressTruckTax.com makes filing truck taxes easy. With step-by-step help and an excellent USA based support team, an IRS Form 2290 or 8849 can be filed in minutes.

ExpressTruckTax.com is now accepting the IRS Form 2290, Heavy Vehicle Use Tax Return (HVUT), for the 2011-2012 tax years. Their fast and intuitive system is as powerful as it is versatile. Whether it’s a one-man trucking company, or a national corporation with multiple fleets, everyone can get far when they’re rolling with Express Truck Tax.
Here are some of the services that Express Truck Tax has to offer:
Easy-to-Use System
-Contextual help and video guides with clear instructions appear throughout the process. They’ve done everything possible to make taxes less taxing.
Real-Time Notifications
-Get notifications about the status of a tax return through emails, text messages and even fax! The Schedule 1 can be emailed or faxed automatically to a trucking or leasing company.
Quick Credits http://www.expresstrucktax.com/
-While filing Form 2290, the system can identify credits and help users quickly and easily file Form 8849, so users get their money back from the IRS faster. An IRS Form 8849 is automatically generated when tax credits exceed the amount of tax due.
Bulk Upload
-Companies with more than 25 trucks are required by the IRS to e-file Form 2290. Instead of entering each truck one by one, entire fleets can be uploaded using an Excel spreadsheet.
Express Truck Tax is offering the greatest value in the industry for HVUT e-filing; there are also dozens of prices and packages to suit any company in any situation. Tax professionals can take advantage of deep price discounts and special packages for their clients. The tax system is so fast; a stamped Schedule 1 from the IRS can be received in a matter of minutes.
Express Truck Tax helps you file applications for amendments and free VIN corrections in a few easy steps. The system performs a free internal audit of tax information to check for errors before it is submitted. If additional help is still needed, the experienced Express Truck Tax Team is available anytime in English and Spanish from their USA-based customer support center in Rock Hill, SC.
Express Truck Tax has close ties to the trucking industry. They are exclusively recommended and endorsed by several major state trucking associations. Through these partnerships, Express Truck Tax is able to provide continuing support to those within the trucking industry.
There’s really no better combination of affordable prices and knowledgeable professionalism in the industry. To get started now, visit ExpressTruckTax.com

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File HVUT (Form 2290 Heavy vehicle Use Tax Return) in November 2011

October 25th, 2011

Due to the fact that this filing season for Heavy Vehicle Use Taxes (HVUT) has been changed, the IRS Form 2290 will now be available in November of 2011. The legislation that controls the Heavy Vehicle Use Tax nearly expired earlier in the year, and Congress was forced to extend the current legislation in order to prevent a shutdown of the Government funded Highway and Transportation departments.

The Heavy Vehicle Use Tax is an excise tax that is filed annually on none other than Heavy Vehicles that are used on public roads. Vehicles that are included in the tax must be of a certain weight (55,000 pounds or more) as well as a certain mileage (5,000 miles or more, 7,500 or more if agricultural).

In order to make the filing process easier with the IRS using Form 2290, it is very important that you keep accurate records, just like you would when filing any other type of tax return. It is crucial for anyone filing form 2290 to maintain their records for at least 3 years prior to the filing date for any taxable highway vehicles registered to them. For fleet owners and small trucking companies who have filed form 2290 in the past, it is wise to always keep the 2290 records on hand, as one never knows when IRS inspection may take place. It is even important to save these returns if they are only for a part of a year. In the case of a suspended vehicle (public highway use was less than 5,000 miles/year) it is still necessary to keep records of Form 2290’s filed for them as well.

Express Truck Tax Form 2290 E-filing Dashboard Help Video

October 22nd, 2011

The dashboard serves as your Home Page and displays a real-time summary of your Express Truck Tax account.

There are many options and features found on your dashboard,

For all HVUT returns accepted by the IRS, you may view and download your official schedule 1 by selecting an option from the gray schedule 1 dropdown box.

For any incomplete returns, a status icon will be displayed in the far left column. You may continue working on an incomplete return simply by clicking the link “continue where you left off”

In order to create a new return, simply click the “Create New Return” button at the bottom right.

From your Dashboard, you may also view a list of every business entered in your account. To add a new business, simply click the blue “Add Business” button. You may also edit the details of each business by clicking the “edit” button next to the business name on the top left.

How to Get a IRS 2290 stamped Schedule 1 for Heavy Highway Vehicle?

September 30th, 2011

The Process of Filing IRS Form 2290 and getting a stamped Schedule 1 can be rather complicated.

The First Step to Receive a Stamped Schedule 1 for your Heavy Vehicle Use Tax (HVUT) is to fill out IRS Form 2290. The Schedule 1 is included in this Form. This can be done either by hand or online.

This Form then needs to be taken to the nearest IRS Office along with a proof of payment or proof of EFTPS Payment. Or it can be mailed to the nearest IRS office
The Problem with this is that both options are very time consuming.
If the form is actually taken to the IRS, the nearest office may be many miles away. There can also be very long waiting period at the IRS office of up to several hours.
If the form is mailed to the IRS, it can take 4-6 weeks before it is processed.
The IRS will then review your Form 2290 and when it is verified, they will stamp it and return a portion of it to the taxpayer.

The Stamped Schedule 1 is required in order to register a vehicle. So it can be very stressful to wait until the last minute to register your vehicle because you are waiting for the IRS to send you a stamped schedule 1.

What is the Purpose of HVUT?
The HVUT is a significant source of transportation funding in the U.S. In 2006 alone, the HVUT generated more than $1.4 Billion in Federal Highway Trust Fund (HTF) revenue. The Federal HTF protects America’s investment in its transportation infrastructure. In 2007 alone, Federal HTF receipts were $39.9 Billion, with $34.9 Billion dedicated to the HTF’s Highway Account. The Federal HTF finances a wide spectrum of transportation investments which include:
Highway improvements (e.g., land acquisition, other right-of-way costs, preliminary and construction engineering, construction and reconstruction, resurfacing and restoration costs of roadways and bridges)
Highway and bridge maintenance
Highway law enforcement
Safety programs (e.g., driver education and training, vehicle inspection programs, enforcement of vehicle size and weight limits)
Congestion relief projects
Administrative costs (e.g., research, engineering)

Investment in our nation’s highway infrastructure helps:
Save money, time, & lives
Reduce the amount and severity of crashes for all kinds of vehicles
Enhance the ability of emergency responders
Lower fuel and insurance costs
Decrease energy consumption
Ease congestion
Boost air quality
Increase mobility
Improve the efficiency of the movement of goods
Raise business productivity
Strengthen the nation’s economic productivity

When to File?
A Form 2290 must be filed annually, for each taxable vehicle that is used on public highways during the current period. The Current Period is from July 1, and ends on June 30. A Form 2290 must also be filed once a vehicle is placed in service. The due date for each month is the last day of the following month. For example: if a vehicle is placed in service on October 3rd, the Form 2290 will be due on November 30th.

How to File?
Although it is possible to paper file, E-Filing is required for each return containing at least 25 vehicles. The IRS does encourage everyone to file electronically due to its security and speed. This is highly recommended for Form 2290 in particular because the filing due dates are always only one month away.

There are several e-file providers of services that can help you E-File Form 2290 with the IRS, one such provider is www.expresstrucktax.com. They provide a very excellent service for all your Truck Tax Needs.

Form 2290 Heavy Highway Vehicle Use Tax (HVUT) status update 09/28/11

September 29th, 2011
IRS Video Guide To Form 2290

The IRS recently posted this video on their website to help those file Form 2290. They have really done a great job summarizing the changes that they have made this year in the filing process.

And of course, they urge everyone filing Heavy Highway Vehicle Use Taxes to use an IRS-Authorized E-Filing service like Express Truck Tax.

http://www.irsvideos.gov/SmallBusinessTaxpayer/Forms/Form2290update

All About IRS Form 2290 (Truck Taxes)

September 28th, 2011
What Is IRS Form 2290?
IRS Form 2290 exists as a way to pay Heavy Vehicle Use Taxes, or HVUT, which must be filed with the IRS for any highway motor vehicle that exceeds a gross weight of 55,000 pounds. IRS Form 2290 also includes what is known as a Schedule 1, which is used to report all vehicles for which you are reporting tax (including an increase in taxable gross weight) and those that you are reporting suspension of the tax by category and vehicle identification number (VIN). The Schedule 1 may also be used as proof of payment to register your vehicle in any state. Use the stamped Schedule 1 that was returned to you by the IRS for this purpose.

Who Must File?
You must file a Form 2290 and Schedule 1 for the tax period beginning on July 1st, and ending on June 30th, if a highway motor vehicle is registered, or required to be registered, in your name under state, District of Columbia, Canadian, or Mexican law at the time of its first use during the period and the vehicle has a taxable gross weight of 55,000 pounds or more. Any type of business entity may file a Form 2290 with the IRS.

How much is the Tax?
There are three different categories for HVUT rates for these vehicles. Vehicles Below 55,000 pounds do not have HVUT because they do not qualify as a heavy vehicle. Vehicles between 55,000 and 75,000 pounds owe $100, plus $22 per 1,000 pounds over 55,000 pounds. Finally, for vehicles that are over 75,000 pounds the maximum HVUT is $550 per year.

The gross taxable weight is calculated by adding the following:

  • Unloaded weight of vehicle, fully equipped for service.
  • Unloaded weight of any trailers equipped for service and customarily used in combination with the vehicle
  • Weight of the maximum load customarily carried on the vehicle and on any trailers customarily used in combination with the vehicle.

Who is Exempt?
Although it is rare, some Vehicles that fit the above description may be exempt from theHVUT and Filing requirements of Form 2290. To officially be exempt from filing Form 2290, the vehicle must be owned and operated by the following:

  • The Federal Government
  • The District of Columbia
  • state or local government
  • American National Red Cross
  • Non-Profit Volunteer Fire Department, Ambulance Association, or Rescue Squad
  • Indian Tribe Government (Only if the Vehicle is Used for essential Tribe or Government Function)
  • Mass Transportation Authority (Only if granted certain powers normally exercised by the state)
  • Qualified Blood Collector Vehicles
  • Mobile Machinery that meets specifications for a chassis

There are several providers of services that can help you E-File Form 2290 with the IRS, one such provider iswww.expresstrucktax.com. They provide a very excellent service for all Truck Tax Needs.

Filing HVUT with Form 2290 in 2011

September 13th, 2011
As anyone in the Transportation Industry will already know, the filing process for Heavy Vehicle Use Taxes (HVUT) will be a little bit different than normal this year. The Schedule 1 of the Federal Heavy Vehicle Use Tax (HVUT), which is part of the IRS Form 2290, has been extended to November 30 of 2011. It is also not possible to receive a receipt for the Form 2290 until after November 1st. This means that the majority of those filing this tax will not do so until November.

Since a stamped Schedule 1 is required to register a vehicle with the Department of Motor Vehicles, they will be accepting the HVUT proof of payment for the previous tax year of July 1, 2010 – June 30, 2011, to make things go as smoothly as possible this year. The IRS has informed taxpayers of the Form 2290 delay and the available options for payment once the form is available.

The following items may be accepted by the DMV as proof of HVUT payment until November 30, 2011:
  • Original or copy of a Stamped Schedule 1 from the Form 2290 (electronically watermarked or manually stamped) for the previous tax year of July 1, 2010 – June 30, 2011.
  • A copy of the IRS Form 2290 from the previous tax year, filed with the IRS as well as a copy of the front and back of the check to the IRS for the entire HVUT payment.
  • Original or copy of an IRS Form 2290 (electronically watermarked or manually stamped), listing the vehicle as a “Credit Vehicle” for the previous tax year.

Once the IRS begins issuing the Form 2290 again, the process will revert to the normal procedures. The proof of HVUT payment will then be able to be sent to the DMV for any applications requiring HVUT verification.

This tax that the IRS collects is an annual tax on commercial motor vehicles that weigh
55,000 pounds or more. This is referred to as the taxable gross weight of a vehicle. Congress is in the process of extending the tax, and the previously mentioned due date exists as a temporary regulation that postpones the due date until November 30, 2011.

Although it is still not possible to file Heavy Vehicle Use Taxes with Form 2290 yet, the Truck Tax experts at Express Truck Tax will be available to answer any questions as well as help drivers and trucking companies file those taxes. For more information, visit the Express Truck Tax website or give the Truck Tax experts a phone call at 704-234-6005. You can also email any questions to support@ExpressTruckTax.com.

Heavy Vehicle Use Taxes (IRS Form 2290) for Commercial Vehicles

September 8th, 2011
A vehicle is considered to be commercial vehicle in the United States if it is titled or registered to a company. This all-encompassing definition includes vehicles in a fleet, company cars, as well as other vehicles used for business. Vehicles that are designed to carry more than 16 passengers are also considered to be a commercial vehicle.

Here are the qualifications for commercial vehicles
  • A company or corporation owns the title of the vehicle.
  • The vehicle is used for business purposes.
  • The vehicle is a leased vehicle and in the name of the financial institution that owns it.
  • The vehicle exceeds a certain weight and is therefore “classified” as commercial even though it may not be commercially used or commercially owned. A weight of 26,001 pounds or more is always considered to be commercial.
  • The vehicle is used to transport hazardous materials.

Commercial trucks are classified into different classes according to their gross weight:

1.   Class 1- GVWR:  from 0 to 6,000 pounds (0 to 2,722 kg)
2.   Class 2- GVWR:  from 6,001 to 10,000 pounds (2,722 to 4,536 kg)
3.   Class 3- GVWR:  from 10,001 to 14,000 pounds (4,536 to 6,350 kg)
4.   Class 4- GVWR:  from 14,001 to 16,000 pounds (6,351 to 7,257 kg)
5.   Class 5- GVWR:  from 16,001 to 19,500 pounds (7,258 to 8,845 kg).
6.   Class 6- GVWR:  from 19,501 to 26,000 pounds (8,846 to 11,793 kg)
7.   Class 7- GVWR:  from 26,001 to 33,000 pounds (11,794 to 14,969 kg)
8.   Class 8- GVWR:  above 33,000 pounds (14,969 kg)

If a Class 8 commercial vehicle weighs more than 55,000 lbs, it is subject to heavy vehicle use taxes. The tax is paid to the Internal Revenue Service (IRS) using the IRS Form 2290. Heavy Vehicle E-file Form 2290 is a federal tax. Individual states do not collect the tax. However, in order to properly register your vehicle with the state, you must present a Stamped Schedule 1 from the Form 2290 to the local DMV when registering the vehicle.

The official qualifications to be liable for heavy vehicle use taxes stipulate that a vehicle must have gross weight 55,000 lbs or more. The IRS defines taxable gross weight as the sum of:
  • The unloaded weight of a vehicle that is fully equipped for service
  • The weight of any unloaded trailers, equipped for service, and typically used with the vehicle
  • The maximum weight of the load customarily carried on the vehicle and on any trailers customarily used with the vehicle.

ExpressTruckTax.com is an IRS authorized E-File provider who can help you file form 2290 as well as keep secure online records of previously filed form 2290’s. For more information on the 2290 filing process, heavy vehicle use tax, IRS payment methods, etc visit the Express Truck Tax website or call our Truck Tax experts at 704-234-6005. You can also email any questions to support@ExpressTruckTax.com.


EIN(Employer Identification Number) Update for Federal Tax Forms 2290 & 8849

July 15th, 2011
If you are filing for either IRS Form 2290 or Form 8849, you will benefit from this new information regarding Heavy Vehicle Use Tax. The IRS will now be checking EIN (Employer Identification Number) verifications in a much more thorough way than they have in previous years. In the past, the IRS was more lenient on the EIN verifications.  As of now, the IRS requires that all EIN’s be at least two weeks old in order to file with them. Thus, if you have recently applied for an EIN over the past few days, it would be best to wait at least two weeks before filing your Form 2290 or 8849.

This information will be most useful for individual Owner-Operators, as well as Service Providers that file truck taxes for various Owner-Operators. If you need to apply for an EIN, you can contact the IRS via phone or online through the IRS website.

Express Truck Tax offers a Simple way to File IRS Form 2290; HVUT Taxes

June 30th, 2011

Express Truck Tax continues to be an Industry Leader in Innovation and New Technologies

In preparation for the upcoming 2011 – 2012 tax period, Express Truck Tax has announced the simplest, most secure, and most economical way to file IRS Form 2290 (Heavy Vehicle Use Tax).
Since the introduction of E-Filing Form 2290 in 2007, taxpayers with 25 or more reportable heavy vehicles have been required to electronically file with the IRS. This primarily includes larger trucking companies. Unlike most HVUT E-File providers who have historically targeted only large trucking companies, Express Truck Tax specializes in serving owner operators and small trucking companies.
These owner operators and small trucking companies benefit from the most affordable pricing in the industry. The US-based company, Express Truck Tax, allows users to file an IRS Form 2290 for as little as $9.90; the industry average for this service consistently averages about $30 for a single vehicle filing.
Express Truck Tax also uses the most practical and understandable language throughout the filing process. Instead of using an enormous form with confusing tax jargon, each part has been broken down into easy to understand sections. There are even help videos and text on each page to guide the user through the process. There is also free phone and chat support, as well as 24/7 email support for any questions along the way.
The simplification of this process has caused a surge in small trucking companies across North America to begin E-Filing their Form 2290 with Express Truck Tax. “We knew we had a good idea,” said Charles Hardy, Communications Director with Express Truck Tax, “but we never expected this kind of response. [The response] has been fantastic.”
Last month, Express Truck Tax became the first authorized HVUT E-File provider to offer complete service and support in Spanish. In addition to integrating the Spanish-language option into their current E-filing system (http://www.ExpressTruckTax.com), ExpressTruckTax has also released a new website (http://www.Forma2290.com) exclusively for Spanish speaking taxpayers who need to file HVUT returns. “In previous years, the Hispanic trucking community has generally been under-served,” said Moises Mejia, Director of Spanish Services with ExpressTruckTax. “While HVUT E-filing has been available since 2007, no provider has ever offered those services in Spanish – until now.”
James Harris, Director of Tax Products with Express Truck Tax, also commented on the significance of the Hispanic trucking community: “Reports show that one in seven long haul drivers speak Spanish as their primary language, and that number is expected to rise.” To support the additional Spanish-speaking taxpayers, Express Truck Tax has added more staff to their support center in Rock Hill, South Carolina. All support functions, including phone, email, and live chat support, will be available in both English and Spanish.
These are just a few examples of how Express Truck Tax has been an industry leader when it comes to innovation and new technology within this industry. There have been many other accomplishments that could also be mentioned here, such as the fact that Express Truck Tax was also the first to introduce Free VIN corrections, and also the ability to directly email the Schedule 1 to the leasing company.
Express Truck Tax also offers many other useful features for those in the trucking industry such as the ability to download a copy of the E-Filed 2290, Schedule 1 Form, and payment vouchers. Preparing IFTA returns can also be done online with Express Truck Tax. State IFTA returns can be automatically generated online with some useful features such as free online trip sheets, an abnormal MPG audit, and a state adjacency check to help boost information accuracy and avoid an audit. James Harris, Director of Tax Products with Express Truck Tax, is looking forward to the new tax period with much anticipation: “We at Express Truck Tax would like to wish all those in the trucking industry a safe and prosperous year. We look forward to working with so many great individuals again during this tax period.”
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