Category: Form 2290 Federal Excise Tax

E-File a Federal Tax Form 2290 and get a Stamped Schedule 1 in Minutes

Posted on February 24, 2012 by - 2290 form, 2290 form Schedule 1, efile 2290, efile IRS form 2290, EFTPS Payment, express truck tax, Federal Heavy Vehicle Use Tax, Form 2290, Form 2290 Federal Excise Tax, form 2290 filing prices

In order to E-File IRS Form 2290 and get a stamped Schedule 1, the process can be rather complicated. Fortunately, ExpressTruckTax has a solution to make this filing process as simple as possible.
Here are the traditional instructions:

  • The First Step to Receive a Stamped Schedule 1 for your Heavy Vehicle Use Tax (HVUT) is to fill out the IRS Form 2290. The Schedule 1 is generated by the information entered 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 (Electronic Federal Tax Payment System) Payment. This could also be mailed to the IRS as well.
  • If the form is mailed to the IRS, it can take 4-6 weeks before it is processed.
  • 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.
  • Both options are very time consuming.
  • 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.

Although these are the traditional ways of getting a Stamped Schedule 1, an easier way has come about in the past few years. E-Filing has become more and more popular among taxpayers and tax professionals. The IRS itself recommends E-Filing as their preferred method for filing most tax forms. A leading provider of this service for those in the Trucking or Transportation industry is www.ExpressTruckTax.com.

Instead of waiting for hours or up to 6 weeks for the IRS to stamp your schedule 1 and send it back to you, Express Truck Tax will get your Stamped Schedule 1 within minutes of filing. When you login to the site, you can enter the information for the Form 2290, and Express Truck Tax will then create a Schedule 1 based on that information. That form will be sent to the IRS electronically, and they will then send the stamped Schedule 1 back to Express Truck Tax, who will then automatically email the file to the taxpayer.

This document can also be faxed as well as emailed to the taxpayer as soon as the IRS processes the form. The form will be transmitted with a watermark as well as an IRS E-File logo since the document will not be physically stamped. When ExpressTruckTax sends the Stamped Schedule 1 to the taxpayer, it will be sent as a pdf attachment. Although the form will not be physically stamped, the official E-File watermark serves as an official IRS stamp.

Paying Heavy Vehicle Use Tax(IRS 2290 Form) Online

Posted on November 25, 2011 by - E-file form 2290 instantly, efile 2290, EFTPS, Form 2290, Form 2290 2011, form 2290 download, Form 2290 Federal Excise Tax, Form 2290 will be accepted by IRS, Get Black Friday Deals

“Crazy Black Friday deals at ExpressTruckTax! Up to 25% Off on IRS Form 2290 filing fees”
When filing the IRS Form 2290 online through ExpressTruckTax.com there are several payment options. The IRS accepts Electronic Funds Withdrawal, EFTPS, checks, or money orders.
An Electronic Funds Withdrawal can be from either a checking or savings account. All that is needed to set this up is a routing number and an account number. An exclusive service that Express Truck Tax offers is the option to also pay the processing fees through Electronic Funds Withdrawal as well. Most other options require the fees to be paid by credit cards, but Express Truck Tax offers the ability to pay the taxes and fees from the account.
EFTPS stands for the Electronic Federal Tax Payment System. To pay using this method, one must already have an account set up with EFTPS. If you do not already have an EFTPS account, it can take 2 weeks or more to create one.
And of course there is also the option to pay either by check or money order. For either of these forms of payment, you can download a payment voucher from Express Truck Tax after you have gone through the process of filing. If you selected to pay by check or money order, you will have the option to download a Payment voucher from the Action column of the dashboard of your account. With this voucher, you can mail the check or money order to your local IRS office. Even if you select to pay by check or money order, you can still E-File the Form 2290 instantly. The Form will still be accepted by the IRS and the person filing will still receive a stamped schedule 1 within minutes. The check or money order would be due by November 30th.
To pay the minor processing fees to Express Truck Tax, you can pay by debit card, credit card, or by an Electronic Funds withdrawal. If you choose to pay by electronic funds withdrawal, you can use the same account that the taxes were paid from.
For Service providers such as tax professionals or Trucking associations that need to file many 2290 Forms. Express Truck Tax also offers several prepayment options. This includes buying credits for future returns, unlimited returns per client, and unlimited filings for the year for various prices.
www.ExpressTruckTax.com allows you to fill out your IRS Form 2290 online and send it to the IRS electronically! This way you can get a stamped schedule 1 in about 10 minutes. Express Truck Tax is authorized by the IRS to E-File Form 2290. The taxpayer will then receive the schedule 1 via email or fax as soon as the IRS processes the form. The form will then be watermarked by the IRS instead of an actual physical stamp. Be sure to get this taken care of soon because the due date for all vehicles.

Form 2290 Heavy Highway Vehicle Use Tax(HVUT) Now Due On November 30

Posted on August 16, 2011 by - download irs form 2290, express form 2290, express truck tax, form 2290 due date, Form 2290 Federal Excise Tax, form 2290 penalty, irs form 2290 e-file

The IRS recently advised truckers, owner operators, and trucking companies that their next federal highway use tax return for filing HVUT (which is usually due on August 31) will instead be due on November 30, 2011. The primary reason for the extension of the due date is to reduce confusion and multiple filings of Form 2290 that could result if Congress reinstates or modifies the highway use tax after September 30, 2011.

The Heavy Vehicle Use Tax applies to trucks, truck tractors and buses with a gross taxable weight of 55,000 pounds or more. There are many more specific rules for vehicles with minimal road use, logging or agricultural vehicles, vehicles transferred during the year and those first used on the road after July. In normal circumstances, vans, pick-ups and panel trucks are not taxable because they fall below the 55,000-pound requirement.

The newly determined November 30 filing deadline for Form 2290 (Heavy Highway Vehicle Use Tax Return) applies to the tax period beginning on July 1, 2011. This includes the vehicles used during July, as well as those whose first use month was during August or September. According to the recent IRS statements, returns should not be filed and payments should not be made until November 1, 2011.

For new vehicles that need to be registered during Jul-Oct of 2011, the state DMV’s are required to accept a Stamped Schedule 1 from the previous year since it is not possible to receive a stamped Schedule 1 until November 2011. If a vehicle was acquired within the current year, and there is not a stamped Schedule 1 for the previous year, the owner only needs to provide some form of proof of purchase to prove that the vehicle was recently placed in his/her possession.

Luckily, once the Form 2290 is available, the electronic filing service: ExpressTruckTax.com will be able to E-File the form and send it to the IRS in minutes. The E-Filing Process is very simple; the form can be completed in minutes, and it can be sent to the IRS as soon as it is finished. It is such a time saver when you compare it to waiting in the IRS office for hours or sending it via postal mail and waiting weeks for the IRS to process it.

3 Month Tax Extension for Internal Revenue Service Form 2290 (Federal Heavy Vehicle Use Tax)

Posted on July 25, 2011 by - 2290 form, Check Status My Tax Return, efile 2290, express2290.com, expresstrucktax, Expresstrucktax.com, Federal Tax Return Status, Form 2290, Form 2290 Federal Excise Tax, Hvut 2290, tax return

Earlier this month the Internal Revenue Service informed truckers, owner operators, and trucking companies who file federal highway use tax returns that the typical deadline of August 31st will be extended to November 30, 2011. The official legislation for the currently scheduled to expire on September 30, 2011. The current legislation has yet to be passed through Congress; the extension was put in place because it is still possible for Congress to alter the tax legislation after the expiration date. According to the IRS, returns should not be filed and payments should not be made prior to November 1st.

New regulations require state Departments of Motor Vehicles to accept a prior year stamped Schedule 1 of the Form 2290. Typically, taxpayers are required to present a stamped Schedule 1 to register a vehicle with the DMV. The Schedule 1 is usually stamped by the IRS as a proof that the return was filed correctly.  

If a taxpayer acquired a new vehicle during July 2011-November 2011, recent regulations allow states to register vehicles without proof that the highway use tax was paid as long as they provide a copy of the bill of sale or a similar proof of purchase to verify that it was acquired in the past 150 days.

If you are unsure whether or not you qualify to file the Heavy Vehicle Use Tax, it typically applies to trucks, truck tractors, and buses with a taxable gross weight of 55,000 pounds or greater. As a rule of thumb, vans, pick-ups, and panel trucks do not qualify due to the 55,000 pound minimum.

Tips and Tricks for Owner-Operators(U.S Federal Heavy Vehicle Highway Use Tax)

Posted on July 21, 2011 by - 2290 form, 2290 tax, Check Status 2290, Easy file, efile 2290, express2290.com, expresstrucktax, Expresstrucktax.com, Federal Tax Return Status, Form 2290, Form 2290 Federal Excise Tax, Tax 2290, tax return

One of the most challenging jobs in this country is also one of the most vital to our nation’s economy. The job I am referring to is that of Heavy Vehicle Owner Operators.  The job of an owner operator is not only physically strenuous, it can also be confusing and stressful due to the various taxes that owner operators must file each year for their heavy vehicles.  These taxes include Heavy Vehicle Use Tax (HVUT) which includes the IRS Form 2290 as well as IRS Form 8849. Another tax that affects the trucking industry is the International Fuel Tax Agreement (IFTA).  

The IRS Form 2290 has its own set of detailed instructions. Form 2290 is in 2 sections.The first part, the Schedule 1, must be completed and stamped by the IRS in order for the vehicle to be registered with the Department of Motor vehicles. The traditional way to obtain this stamp from the IRS can be filed one of two ways. The form can be sent to the IRS office via postal mail and then wait for the stamped form to be sent in the mail, which can take several weeks. The other option is to file at the nearest IRS office and get it stamped in person. This is also a very time consuming option that often includes waiting in line for a long period of time..

The process for filing IFTA (International Fuel Tax Agreement) can also be very confusing. Each driver must keep detailed trip notes for the number of miles that were traveled, and also how much fuel was purchased in each state or province. The reason for keeping these records is so that the Fuel Tax (IFTA) is accurately distributed to all of the states and provinces that were involved.  For Example, If a driver drove through a state on it’s public highways, but did not purchase any fuel in that state, then that state did not receive any taxes from that driver.  The Fuel Tax would redistribute the taxes so that certain states would not be neglected if they were used.

Fortunately, these confusing processes have been made easier, simpler, and safer. ExpressTruckTax.com serves as a one-stop-shop for all truck tax needs!  Express Truck Tax allows drivers to E-File a completed Form 2290 online with the IRS and receive a stamped Schedule 1 in minutes.  (The stamp is actually a watermark, not a physical stamp. State DMV’s will accept this as proof) The IFTA process is also much easier thanks to the online tools that Express Truck Tax has to offer. With features like online trip sheets and abnormal MPG audits, Express Truck Tax has what it takes to get you back on the road with as little paperwork as possible.