Category: Frequently asked questions

FAQ Friday: What are the Benefits of Partnering with ExpressTruckTax?

Posted on July 29, 2022 by - Frequently asked questions, Partners

What is Form 2290?

Form 2290 is an IRS tax form for the Heavy Vehicle Use Tax (HVUT). This form must be filed annually by drivers of vehicles weighing 55,000 pounds or more.

Why is Form 2290 Important?

Form 2290 is important because, after filing, drivers receive a Stamped Schedule 1, which is required to get a vehicle’s tags and registration. 

Who Needs a Copy of the Stamped Schedule 1?

It is important that a driver carry a copy of their Stamped Schedule 1 in their truck in case they are pulled over. It is also important that the carriers and associations that drivers drive for get a copy of the Stamped Schedule 1 as well. These carriers and associations typically request copies of these Stamped Schedule 1’s to have for their records. 

How can ExpressTruckTax benefit Carriers and Associations?

ExpressTruckTax offers a special feature that carriers and associations gain by becoming partners with ExpressTruckTax. ExpressTruckTax offers a helpful option for carriers and trucking associations where they are able to partner with ExpressTruckTax. Every affiliate that decides to partner with ExpressTruckTax gets its own Form 2290 filing portal where drivers can go to file. Not only that but the Stamped Schedule 1 will be automatically sent to the driver’s carrier or association after filing.

The best part is that it is completely free to those who partner with ExpressTruckTax and open one of these portals and the portal will feature the carrier or association’s logo. If a partner does not want a portal, they can opt-in for a backslash site which is a link they can give drivers to file Form 2290 through ExpressTruckTax.

Each carrier or association that partners with ExpressTruckTax will be added to a list that drivers can go to when filing their Form 2290 and select the carrier or association they drive for. Upon selecting a carrier or association, the driver’s Stamped Schedule 1 will be sent directly to the carrier or association once Form 2290 is accepted.

Become a Partner Today!

There are many benefits that come from carriers and associations partnering with ExpressTruckTax. It is helpful to both carriers and associations and the drivers that drive for them. By providing drivers with a designated place to file, it will guarantee that all of the Schedule 1s will be received to avoid fines. What are you waiting for? Partner with ExpressTruckTax today!

FAQ Friday: What Are Credits?

Posted on May 6, 2022 by - expresstrucktax, Frequently asked questions, prepaid credits

What Are Credits In ExpressTruckTax?

Each time someone pays for their return with ExpressTruckTax, they are required to pay a filing fee which depends on how many trucks you are filing for. When filing with ExpressTruckTax, a credit card is required, and entering the information each time can start to get repetitive after a while. By using the wallet feature in ExpressTruckTax, clients can purchase credits in advance and use them to pay for the filing of Form 2290. By purchasing these credits, you will receive a discount for buying them in bulk. 

Who Can Purchase Credits?

Anyone who needs to file Form 2290 has the option to purchase these credits to not only save money but pay in advance for them and not have to worry about paying later. Credits are especially beneficial for CPAs and businesses who file for large amounts of businesses.

The Benefits Of Purchasing Credits In ExpressTruckTax?

The biggest benefit of the credits is that they don’t expire. You can save them in your wallet and use them when you need them. By purchasing these credits users can save 10% or more on filing fees. Buying these credits greatly benefits those who need to file Form 2290 for multiple vehicles or they file for multiple people. They are time-efficient and make your payment process simpler.

What are you waiting for? If you file multiple Form 2290s then purchase credits today and save time and money!

FAQ’s for Truckers who E-File IRS Form 2290 for 2012-2013 Tax year

Posted on July 5, 2012 by - 2290 Amendment, EIN, FAQ's to e-file 2290, Form 2290, Frequently asked questions, Hvut 2290, truck tax 2290, VIN

For truckers who are new to the E-Filing process, it may seem a bit intimidating; but rest assured, it is a quick and easy process.  Below are some common questions that may help.
Who is required to E-File Form 2290?
Those reporting 25 or more vehicles for any taxable period are required to E-File through an IRS-approved software provider; however everyone is encouraged to E-File.  Electronic filing saves you time and postage, and helps to reduce preparation and processing errors.
Why do I need an Employer Identification Number to e-file?
The EIN along with your name provides a unique identifier for each taxpayer, which protects your privacy.
What is my name control?
Your name control is assigned at the time the IRS approves your application for an Employer Identification Number. The name control consists of up to four alpha or numeric characters. Before the IRS can validate your electronically filed return, you must provide your name control and it must match what the IRS has in their records.
Can I still file my return electronically if I just received my EIN?
Yes, you may file your return electronically. However, you should wait two weeks from the date your EIN was assigned to allow your name control to be established in the IRS computer system. Your return will be rejected if you try to file your return electronically before your EIN is fully established.
Where can I find an approved e-file provider?
You can find an approved provider for Form 2290 on the 2290 e-file partner’s page at irs.gov.
When are my Form 2290 taxes due?
You must file Form 2290 by the last day of the month following the month the vehicle was first used on public highways. These due date rules apply whether you are paying the tax or reporting the suspension of tax. It is important to file and pay all your 2290 taxes on time to avoid paying interest and penalties.
How will I know the IRS has received my return?
You will receive an electronic version of the Schedule 1 containing a watermark of the e-file logo in the background. The Schedule 1 can be printed from your own computer.
How do I make corrections to my e-filed return?
You would need to file an amendment to the 2290.
If I buy another truck after I have e-filed my 2290 for the current tax period, should I e-file my original 2290 again and simply add the new vehicle to the Schedule 1?
You must file a new Form 2290 listing only the new vehicles. You may e-file that 2290 anytime before the last day of the month following the month the new vehicle was first used.
May I file one 2290 for two trucks that I place on the road in two consecutive months?
The amount of tax you owe depends on the month when you first placed your trucks on the road, so you would need to file a separate 2290 for each truck stating the month it was first used.
What should I do if my e-filed return is rejected by the IRS for duplication?
Make sure the correct VIN are listed and are not duplications from a previous filing; correct any duplication and re-submit the return.
What is a duplicate filing error?
The system detects when you have filed a return under the same EIN, for the same tax period, for the same vehicle(s) and/or the same VIN category. Check to make sure you are reporting new vehicles only and that the other information is correct.
How do I claim a refund electronically for a vehicle that was sold, destroyed or stolen during the tax period?
You can claim a credit using Form 8849, Schedule 6, and Other Claims. The refund amount will depend on when the vehicle was sold, destroyed or stolen.
How do I claim a refund electronically for a vehicle I used less than 5,000 miles during the tax period?
If you already paid the tax on a vehicle you used for less than 5,000 miles, you can claim a credit using Form 8849, Schedule 6, and Other Claims. However, a credit or claim for this refund cannot be filed until the next tax period.
ExpressTruckTax.comis an IRS authorized e-file provider for Form 2290 and 8849 guides you with easy and simple steps to e-file your HVUT Tax. Create an account with ExpressTruckTax  and file your 2290 tax return today and get 2290 Schedule 1 in seconds. You can contact our Truck Tax customer support team at 704.234.6005 or email us at support@expresstrucktax.com.