Author: Santamarina Joseph

IRS HVUT Form 2290 Taxes on Truckers

Posted on July 31, 2012 by - 2290 Schedule 1, August 31st Deadline, e-file 2290, Federal Penalties, Form 2290, Heavy vehicle use tax 2290, Hvut 2290, HVUT Exemptions, irs 2290, irs 2290 penalties

According to the U.S. Bureau of Labor Statistics, the demand for truckers is increasing and is expected to continue to increase 10% over the next 10 years. The heavy vehicle use tax or HVUT is a fee assessed annually on these heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. This tax is paid by filing IRS Form 2290. The current tax period is July 1, 2012-June 30, 2013. The deadline to file for all vehicles used during the month of July is August 31, 2012.
The penalty for not filing the IRS Form 2290 by August 31st is equal to 4.5% of total tax due.  This amount is assessed on a monthly basis up to five months. Those who choose not to make their HVUT payment also face an additional monthly 0.5% of the tax due penalty. Additional interest charges of 0.54% per month accrue as well. Within 5 months of not filing and paying the HVUT tax, the HVUT liability that was originally $550 will be over $700 in IRS tax debt. In addition to the monetary federal penalties, states suspend the registrations of vehicles for which proof of HVUT payment has not been provided. So not only will the taxpayer owe more money, they will also be unable to renew their registrations, so they will be unable to work. HVUT evasion penalties can even be as severe as fines and incarceration.
There are a few instances where a vehicle is exempt from paying the HVUT tax, even if most of those instances; a Form 2290 is required to be filed even if no tax is due. You can find detailed information on the IRS site at www.irs.gov/trucker.
You can e-file your Form 2290 quickly and easily at ExpressTruckTax.com and receive your Schedule 1 within minutes. Your Schedule 1 serves as proof of payment for your HVUT and when you file by the August 31, 2012 deadline you will avoid any IRS penalties. Contact our friendly US based customer support center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.

Record keeping Requirements for Registered Heavy Highway Vehicles for Form 2290

Posted on July 30, 2012 by - 2290 form records, 2290 Schedule 1, e-file 2290, First Used month, Form 2290, Form 2290 for 2012, Hvut 2290, irs 2290, IRS audit, suspended vehicles, truck tax 2290, VIN Number

Keep records for all taxable highway vehicles registered in your name for at least 3 years after the date the tax is due or paid, whichever is later. They must be available at all times for inspection by the IRS. Also keep copies of all returns and schedule 1s you have filed. 
Keep your records even if a vehicle is registered in your name for only a portion of a period. If the tax is suspended on a highway motor vehicle for a period because its use on public highways during the period did not exceed 5,000 miles (7,500 miles for agricultural vehicles), the registrant must keep the records at least 3 years after the end of the period to which the suspension applies.
Records for each vehicle should show all of the following information.
1. A detailed description of the vehicle, including the VIN.
2. The weight of loads carried by the vehicle in the same form as required by any state in which the vehicle is registered or required to be registered.
3. The date you acquired the vehicle and the name and address of the person from whom you acquired it.
4. The first month of each period in which a taxable use occurred and any prior month in which the vehicle was used in the period while registered in your name, with proof that the prior use was not a taxable use.
5. The date the vehicle was sold or transferred and the name and address of the purchaser or transferee. If it was not sold, the records must show how and when you disposed of it.
6. If the tax is suspended for a vehicle, keep a record of actual highway mileage. For an agricultural vehicle, keep accurate records of the number of miles it is driven on a farm.
When you E-File your Form 2290 using an IRS Authorized E-File Provider like ExpressTruckTax.com, all your records are stored in your online account. If your records are ever requested by the IRS, you can simply sign into your account and download the requested records.   
In addition to having your records right there at your fingertips, through ExpressTruckTax.com, you can file your Form 2290, pay your HVUT taxes owed to the IRS and receive your Stamped Schedule 1 within minutes. Having the option to E-File makes the annual filing process quick and easy and simplifies the recordkeeping requirements.
If you have any questions, you can contact the Truck Tax Team at 704.234.6005 or email us at support@expresstrucktax.com.

Trucking Spotlight

Posted on July 27, 2012 by - 2290, efile, expresstrucktax, Form 2290, HVUT, New Leaf trucking, Pic, Truck, trucking, Trucking Spotlight

– Tenesa Pickett

– New Leaf Trucking, LLC

– This truck was customized and runs under the name Revelation. 3:21 with the skulls of galgotha on the side. A truck bearing witness to the highways across the U.S

We are proud to showcase our clients’ trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!

Why use ExpressTruckTax to file your Form 2290 for HVUT for 2012-2013 Tax Year?

Posted on July 27, 2012 by - 2290 customer delight, 2290 form, 2290 Schedule 1, Best Form 2290 service provider, Customer satisfaction, e-file 2290, E-file 2290 today, Form 2290, Form 2290 for 2012, irs 2290, US Based Customer support

You get what you pay for, right? Generally that rule is true, however we here at Express Truck Tax 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:
Ease of use, and help in correcting my errors- Melody P, Chinook- MT
Wow! That was so simple and to think I’ve been doing this by snail-mail for years! – Judith H, Little Rock, AR
Really easy and hassle free- Delia P, Fresno, CA
Your system was easy to use—I had no problems at all- Dave, Chillicothe, OH
I’m new in truck business and I didn’t know how to fill out forms and pay taxes. This site helps me a lot. – Carolina P, Atlanta, GA
It was easy to navigate throughout the site. The instructions were very clear and concise. – Kathy L, Preston, ID
Ease of use, convenience of previous return being available for transfer to new return.-Kim, AZ
Extremely easy to process, especially when you have already used ExpressTruckTax before.-Sandra, CA 
Site is very easy to understand and navigate. No hidden “fine print”.-Scott, MA
So easy to use – I’m not techy, walking through each step was so easy and the price is just right, thank you.-Cynthia, CT
Price:
The step-by-step instructions made this site very user friendly for a first time filer like me. I also appreciate the small fee since I only have one truck. – Betty P, WallaWalla, WA 

Low price, easy, and fast- Neil C, Rensselaer, IN 

Application was very easy to use and the payment options were amazing. Thanks much- Ginger M, Brookfield, WI

    Timing and Accuracy of Program:
    This was an excellent and fast way to process my 2290. – Sandra P, Montgomery, AL
    Ease of use, and help in correcting my errors- Melody P, Chinook-MT
    I love not having to go stand in line at the IRS I tried another site and it was so confusing. I would add a truck and it would not show up on my list of vehicles. This was so simple I got my document within 2 minutes. – Anna C, Camarillo, CA
    Pretty easy to navigate and I like the ability to back up if you make a mistake.- Keith H, Stark weather, ND
    The straight forward ease of entering required information needed to get the form correctly filled out- Clark L, Lehi, UT
    Low price, easy, and fast- Neil C, Rensselaer, IN
    Speed of processing, not has to wait at the local IRS office for your “number” to come up, or weeks for the IRS to return the stamped 2290. – Clark L, Lehi, UT
    From the Tax Professional with Multiple Customers:
    I liked that I could add different companies and still use the same email. I have tried other sites and was unable to do this. As a permit service this is invaluable- Cindy, Muskego, WI
    I love having the ability to enter additional e-mail addresses or leasing company info. To send Stamped Schedule 1s to and how simply the site walks me through each step along with the bulk upload features.-Jennifer, AL
    Customer Service:
    It was easy to follow and I had no trouble. I tried another service and had been trying for two days and still got no where. Thank you for making my life easier. Cathy- Catherine R, Hixton, WI
    I CALLED YOUR OFFICE FIRST AND THE PERSON THAT ANSWERED THE PHONE WAS VERY HELPFUL AND MADE THE WHOLE PROCESS LESS TAXING. – Sharon K, Omaha, NE
    Easy to follow & understand instructions, Super to have quick phone response without lengthy automated menu. Up-front pricing clearly stated, excellent. – Mary S, Dallas, TX
    It was very self explanatory for each page. I called for assistance the call was answered by a real helpful person after the first ring, Very impressive- Stephen G, Aztec, NM
    It was nice to be able to call the office and to speak to someone right away who was able to answer all of our questions and explain themselves easily. There were no long waits or machines telling you to press a million buttons before getting to a real person. Also everyone who we spoke to was very nice and had a good attitude throughout the whole conversation. – Shawna H, Saint Augustine, FL
    You have a top notch site, a pleasure to visit and do business with such knowledgeable support- Stephen G, Aztec, NM
    VERY GOOD STEP BY STEP DIRECTIONS AND IF YOU HAVE ANY QUESTIONS JUST DIAL THE NUMBER AND JAMES GIVES GREAT SERVICES TO HELP YOU THANK YOU VERY MUCH AND WILL GIVE THIS SERVICE TO EVERYONE I KNOW IT’S THE BEST !!!- Robert L, Warner Robins, GA
            
    But again, don’t just 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, please do not hesitate to give us a call at 704-234-6005. Your call will answer by one of our friendly US based customer support team members who will gladly answer your questions.

    IRS Heavy Vehicle Use Tax Form 2290 Webinar

    Posted on July 26, 2012 by - e-file 2290, E-file 2290 today, Form 2290, Form 2290 for 2012, Form 2290 Webinar, Hvut 2290, irs 2290, Learn about Truck Tax

    As you know, the Truck Tax Season has now begun, and the IRS Form 2290 must be filed during the months of July and August. If you would like to learn more about this tax, you can Sign-Up for our Free Webinars about the IRS Form 2290. These Truck Tax Education sessions will cover all the primary aspects of the Form 2290 and also explain how to file Heavy Vehicle Use Taxes.

    Topics will include the following:

    – What Is the IRS Form 2290?
    – When to File the IRS Form 2290?
    – How to File the IRS Form 2290?
    – How to Pay the Heavy Vehicle Use Tax?
    – What Happens If You Don’t File?
    When?

    Friday, July 27 – 7:00pm (EST) – Sign Up For Free
    All Attendees will receive $5.00 OFF their next 2290 or IFTA Filing through ExpressTruckTax!

    What is Form 2290?

    Posted on July 25, 2012 by - 2290, e-file 2290, Form 2290, Form 2290 for 2012, heavy vehicle use tax, HVUT form 2290, irs 2290, VIN Corrections, What is Form 2290


    The IRS Form 2290 is used to file Heavy Vehicle Use Taxes, or HVUT as it is commonly known. The Form 2290 must be filed on an annual basis for every heavy vehicle weighing at least 55,000 pounds.

    All you need to E-File is your Basic Business information, your Vehicle Identification Numberor VIN, and the Gross Vehicle Weight.

    The best way to file Form 2290 is through ExpressTruckTax.com – the Authorized IRS E-file Provider. With ExpressTruckTax, this form can be completed and submitted to the IRS within minutes.

    To E-File the Form 2290 online now, you can use www.ExpressTruckTax.com.  Contact our friendly US based customer support center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.

    Payment Options to Pay Heavy Vehicle Use Taxes Due to the IRS

    Posted on July 24, 2012 by - Check, e-file 2290, EFTPS, EFW, Form 2290, Form 2290 for 2012, irs 2290, IRS form 2290, IRS payment options, money order, stamped Schedule 1



    When E-Filing with ExpressTruckTax you have 3 options for paying any tax amounts due. Electronic Funds Withdrawal (EFW) using your bank routing number and bank account number, Electronic Federal Tax Payment System (EFTPS) by visiting EFTPS.gov or by mailing in a check or money order.

    Each payment method is processed directly by the US Treasury. Regardless of the payment method you choose you can still receive your Stamped Schedule 1 via e-mail within minutes of your return being accepted by the IRS because you have either paid or made an electronic promise to pay the taxes due. You will choose your payment option during the process of E-Filing your Form 2290.

    Please note that credit cards cannot be used to make tax payments because the IRS does not accept this payment method for IRS Form 2290 at this time.

    To file this Form online, you can visit ExpressTruckTax.com and E-File in just minutes. If you have any questions please feel free to call our US based Customer support team at 704.234.6005 or email us at support@ExpressTruckTax.com.