The damage to the road surface caused by heavy trucks is 160,000 times more than that of a car, according to the findings of the American Assciation of State Highways Official (AASHO) road test. The tax, which is based on the vehicle weight, is a significant source of transportation funding in the US.
Category: e-file 2290
Form 2290 filing season started for Tax Year 2012-2013, E-file today with ExpressTruckTax
E-file Form 2290 for any Heavy Vehicles First Used in May 2012
2290 Tax season is just around the corner, E-file today with ExpressTruckTax
States require a stamped Schedule 1 as proof of payment for the Heavy Vehicle Use Tax in order to register the vehicle. With ExpressTruckTax.comyou will receive your stamped Schedule 1 within minutes, so you no longer have to wait to register or renew your vehicles.
IRS E-File Provider: ExpressTruckTax Offers E-Filing for the New HVUT Tax Period
- There is no need to create an account. Just login with Facebook or Google to start the process in seconds.
- Contextual help and video guides with clear instructions appear throughout the process. They’ve done everything possible to make taxes less taxing.
- 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.
- 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 a spreadsheet.
- While filing Form 2290, the system can identify credits and help taxpayers quickly and easily file Form 8849, so that they get their money back from the IRS faster. An IRS Form 8849 is automatically generated when tax credits exceed the amount of tax due.
- The tax system is so fast; a Stamped Schedule 1 from the IRS can be received in a matter of minutes.
What is HVUT(Heavy Vehicle Use Tax Form 2290)?
ExpressTruckTax.com is an IRS authorized E-file Provider for HVUT Form 2290. E-file HVUT and get 2290 Schedule 1 in minutes. File your Form 2290 VIN Corrections for Free with us. Call us US based customer support team @ 704.234.6005 or you can e-mail us at support@expresstrucktax.com.
All About IRS Form 2290 (Truck Taxes)
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 the HVUT 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 is www.expresstrucktax.com. They provide a very excellent service for all Truck Tax Needs.
The Transportation Bill Faces the Gridlock of Capital Hill
Congressman Johnson argues that extending this bill simply makes sense, and that it is a smart investment because it is literally investing in America. The United States’ aging infrastructure has caused our overall rank to fall from 15th to 24th in the past year according to The World Economic Forum’s Global Competitiveness Report. Countries like China, India, and Brazil are making larger investments in their nation’s infrastructure, while we are busy arguing over the idea of funding it at all. Although there is a tendency for intense gridlock in Washington, there is still good reason to believe that this bill will be extended due to the sheer necessity. Even if this is slightly delayed, it would have a harsh impact on the highway and transit system. This party politics is becoming something of a game in Washington where both parties refuse to negotiate until it is nearly too late. Once this is enacted, anyone wishing to File IRS Form 2290 for Heavy Vehicle Use Taxes will be able to file during the month of November. The IRS-Authorized e-file provider, Express Truck Tax, will be able to help any Truck Driver, Trucking Company, or Service Provider get their Excise & HVUT taken care of. To e-file through ExpressTruckTax.com it only takes a few minutes and can cost as little as $9.90. If you have any questions about the process, you can call them at 704-234-6005 begin_of_the_skype_highlighting 704-234-6005 end_of_the_skype_highlighting or send an email to support@ExpressTruckTax.com.
Filing HVUT with Form 2290 in 2011
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.
Obama Supports Transportation Bill to Save Jobs
Obama focused on the amount of jobs that would be furloughed and eventually removed if a decision could not be made in Congress. “Right away, over 4,000 workers would be furloughed without pay. If it’s delayed for just 10 days, we will lose nearly $1 billion in highway funding that we can never get back. And if we wait even longer, almost 1 million workers could be in danger of losing their jobs over the next year.” These jobs are literally left in the hands of Congress. They can choose to extend the bill, or create a more long term solution, but action needs to be made regardless.
President Obama made a speech from the White House’s Rose Garden last week, in which he was joined by Transportation Secretary, Ray LaHood, as well as Richard Trumka, president of the AFL-CIO, and also David Chavern, the chief operating officer of the Chamber of Commerce. He gave Congress another warning at that time also, stating that letting the transportation bill expire at the end of the month would be “not acceptable” and “inexcusable.”
In his recent address, the president reiterated that thousands of workers and their families would be hurt if infrastructure projects like highway construction, bridge repair and mass transit systems were put on hold. Obama has previously spoken about renewing the transportation bill as a “no-brainer.” It is also important to note that Congress has renewed the bill seven times in the last two years, and as badly as Americans need jobs, not renewing it this time would be a grave mistake. Nonetheless, a new and sustainable bill would be the best option.
“But thanks to political posturing in Washington, they haven’t been able to extend it this time — and the clock is running out,” he said. Virginia, Minnesota and Florida are examples of states that have thousands of jobs on the chopping block, and the President argued that the decision to let the bill expire is “completely avoidable.”
“This isn’t a Democratic or a Republican issue — it’s an American issue,” he said. The president also mentioned that a group of 128 Democratic and Republican mayors have written to Congress, urging their representatives to pass the extension.
Obama also added a statement that nicely summarizes the heart of the issue: “There’s a lot of talk in Washington these days about creating jobs. But it doesn’t help when those same folks turn around and risk losing hundreds of thousands of jobs just because of political gamesmanship. We need to pass this transportation bill and put people to work rebuilding America.”
To see a video of Obama’s address urging the passage of the bill, you can check it out here. This Information has been provided by the Truck Tax Team at www.ExpressTruckTax.com.