Attention all truckers! The Heavy Vehicle Use Tax season is barreling at us at full speed! No use trying to jump out of the way. Your only option to avoid being run over by the IRS is to file your HVUT 2290 before the deadline. Here is what you need to know about EINs and 2290 Form 2019.
What You Need to Know About EINs And 2290 Form 2019
Before we get into pre-filing or filing your IRS Form 2290, let’s go over a critical piece of information you will need to have. As an owner-operator, you are required to have an employer identification number, or more commonly known as an EIN. It is used by the IRS to identify your trucking business. EINs are assigned to companies operating in the United States to identify them for tax reporting purposes.
What is an EIN Number?
Your trucking business’s EIN will be a string of nine digits, similar to your Social Security Number, but they can be easily distinguished because of their format (EIN: 12-3456789 SSN:123-456-789). Although this number is labeled as identification for “employers,” your trucking business is still required to have one.
An EIN number can also be referred to as a Federal Tax Identification Number or Federal Employer Identification Number (FEIN Number).
What is the Use of an EIN Number?
You will use an EIN or Tax Identification Number on trucking licenses, permits, and tax returns, as well as any other forms or applications that require you to file under your trucking business’s IRS number. You will also need an EIN to open a trucking business bank account. I highly suggest this so you can keep your personal and business account separate.
How do I Apply for an EIN?
If you are transitioning from a company driver to an Owner-Operator, applying for an EIN number is a relatively simple process. It will take you less than 10 minutes to request your EIN number over the phone with our sister product, TSNAmerica.
However, once you apply, please keep in mind, it will take approximately two weeks for it to be active in the IRS database.
Your EIN Number is a unique code that never expires. However, you may need a new EIN if you declare bankruptcy, take on new partners, or if you purchase or inherit another existing business.
IRS Form 2290 And Your EIN Number
When it comes to the information on your IRS Form 2290 such as your business name and address, it will need to match what the IRS has on file, or it could be rejected. You can see if your information matches what the IRS has on file by contacting the IRS directly. IRS Customer Service Phone Number: (800)829-4933
How to File 2290 Online?
Why wait when you can go ahead and knock out your 2290 Form 2019 today? Go ahead and file 2290 online with ExpressTruckTax now. Simply follow our step-by-step filing guide to complete your IRS 2290 Form instantly. As a result, your IRS Form 2290 will be transmitted directly to the IRS and you will get your Stamped Schedule 1 when the IRS starts accepting returns on July 1st.
If you are currently on the run and don’t have the time to go online to file, you can file over the phone with our sister product, TSNAmerica. Give them a call and an outstanding US-based representative will file your 2290 Form 2019 for you! No need to pay when you file just to be sure to do so before August 31st.