– Ralph E Singer Jr
– 2012 Volvo 780
“When I bought this truck, it was far from the word ‘Go’ Finally, after 4 years, she is running strong and hard.”
-Georgieanna Straub
Trailer Transit Inc.
2005 Century Class
“This has been a very good unit”
-Harvey Hoyer
Original Concrete Pumping Service
– Martin Dechene
– MMD Express Inc.
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– Tibor Horvath
We would like to thank Tibor for submitting this great truck photo for our blog!
There are sometimes situations resulting in an “overpayment” of Heavy Vehicle Use Taxes, in which a credit is due. This can occur if your vehicle is stolen, destroyed or if the vehicle did not exceed 5,000 miles (7,500 miles for agricultural vehicles) during the tax period. Here we explain the process for claiming IRS Form 2290, Highway Heavy Vehicle Use Tax credit for the following scenarios:
A credit, lower tax, exemption, or refund is not allowed for an occasional light or decreased load or a discontinued or changed use of the vehicle. What that means is if you filed your Form 2290 at 80,000 lbs, but had occasions where you operated at a lower weight class, that will not qualify you for a credit. If you used your vehicle for only a portion of the tax year, you will qualify for the credit IF you did not exceed 5,000 miles (7,500 miles for agricultural vehicles). If you did travel more than 5,000 miles (7,500 miles for agricultural vehicles) then you will NOT qualify for the credit.
The credit for vehicles that were stolen, destroyed or sold during the tax year will be prorated based on the dates of the occurrence. For vehicles sold, destroyed or stolen, you must include the VIN, taxable gross weight, and date of sale, accident or theft. The credit for the tax paid can be claimed on the next Form 2290 filed or the refund can be claimed on Form 8849. You do not have to wait until the tax period ends.
The credit for low mileage vehicles you either qualify for it and you will get the full amount that you paid as a credit or you will not qualify and you will not get any portion of the credit. This credit is never prorated. For vehicles that tax was paid and the vehicles were used 5,000 miles or less (7,500 miles or less for agricultural vehicles), the credit (or refund) cannot be claimed until the end of the tax period for which the initial tax was paid. Even if you know at some point during the tax year that you will not exceed the 5,000 mile mark, you will not be able to claim the credit until the tax period ends, which is on June 30th.
The credit claimed cannot exceed the tax reported on IRS Form 2290. If this occurs, any excess credit must be claimed using Form 8849, Claim for Refund of Excise Taxes, and Schedule 6, Other Claims. When you use IRS Authorized E-File provider, ExpressTruckTax to E-File HVUT Form 2290, if your credit exceeds the tax due, our program will automatically generate the Form 8849 for you.
For more information or to get started today, visit ExpressTruckTax.com or contact our Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com. We have Spanish Support too!
Penalties can be incurred for failing to file Form 2290 returns or pay Heavy vehicle Use Taxes when they are due. There are also penalties for filing false or fraudulent returns. These penalties are imposed in addition to interest charges for late payments.
Penalties for HVUT non-compliance are costly to motor carriers. The penalty for failing to file IRS Form 2290 by August 31st is equal to 4.5% of total tax due, assessed on a monthly basis up to five months. Late filers not making an HVUT payment also face an additional monthly penalty equal to 0.5% of total tax due. Additional interest charges of 0.54% per month accrue as well.
Based on these rates, an HVUT liability that was originally $550 would climb to over $700 by the end of the five-month period of delinquency. In addition to these federal penalties, states will suspend the registrations of vehicles for which proof of HVUT payment has not been provided.
So avoid these penalties by E-Filing your Form 2290 today. For more information or to get started, visit ExpressTruckTax.com or contact our friendly US Based Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com. We have Spanish Support too!
At ExpressTruckTax encourage you to do your research so you can make an informed decision, when choosing an online service provider for E-Filing your Form 2290. Sure, we could charge our customers more money for the service we provide, but our main goal at ExpressTruckTax is to provide an easy-to-use service at an affordable price. We focus on superior customer service and strive to surpass our customer’s expectations.
But don’t take it from us, here’s what our customers are saying:
Ease of use:
Price
Timing and Accuracy of Program
From the Tax Professional with Multiple Customers
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But again, don’t take our word for it, or even our customer’s, take the time to do your own research to determine which provider will give you the best service at the best price. And if you have questions or inquiries, visit ExpressTruckTax.com or contact our friendly US Based Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com. We have Spanish Support too!
Welcome to ExpressTruckTax. Now that you have created your ExpressTruckTax account, you can E-File your Heavy Vehicle Use Taxes with the IRS form 2290 in just a few minutes.
This video walks you through the simple process of E-Filing your Form 2290. The entire process takes only minutes. Receive your Stamped Schedule 1 and be on your way.
For more information or to get started today, visit ExpressTruckTax.com or contact our friendly US Based Express Tax Support Center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com. We have Spanish Support too!
