When it comes time to file Heavy Vehicle Use Tax with the IRS using Form 2290, it is very important that you keep accurate records, the same way that you would when filing any other type of tax return. It is crucial for anyone filing form 2290 to maintain their records for at least the prior 3 years for any taxable highway vehicles registered in their name. For fleet owners, owner operators, and small trucking companies who have filed form 2290 in the past, it is wise to always keep the 2290 records on hand, as one never knows when the IRS inspection may take place. It is even important to save these returns if they are only for a part of a year. In the case of a suspended vehicle (public highway use was less than 5,000 miles/year) it is still necessary to keep records of Form 2290’s filed for them as well.
You will need to gather the following information before filing form 2290 to accelerate the filing process:
Keeping proper records of your 2290 information will be a great help to you in the unfortunate event of an audit. It will also make the task of filing this form much easier.
ExpressTruckTax.com is an IRS authorized E-File provider who can help you file form 2290 as well as keep secure online records of previously filed form 2290’s. For more information on the 2290 filing process, heavy vehicle use tax, IRS payment methods, etc visit the Express Truck Tax website or call our Truck Tax experts at 704-234-6005. You can also email any questions to support@ExpressTruckTax.com.
The purpose of Form 2290:
IRS Form 2290 is meant to send information about the usage of a commercial truck and to pay taxes on that use to the IRS. You can use this form for a single truck filing, or up to twenty-five vehicles can be reported on one form. The major reasons for filing the form include:
This IRS form only applies to a specific time period, which does not coincide with the calendar year. The typical Tax year for Form 2290 is from July 1st to June 30th of the next year. The form and any payment are typically due by the end of August of the corresponding year. The IRS requires that forms with 25 or more vehicles to be electronically filed.
As mentioned Earlier, the typical tax year is from July 1 to June 30, but this year it has changed. Due to legislation being held up in Congress, there has yet to be a legislation enacted to collect these Heavy Vehicle Use Taxes. The IRS has announced that it will not be accepting these forms until November 1 this year.
Parts of the Form:
While this form is broken down into two parts, those who file electronically with ExpressTruckTax.com only need to enter information one time. The Form 2290 consists of the Form and the Schedule 1 that needs to be stamped by the IRS in order to register a vehicle with the state DMV. Much of the information for these forms are duplicate information. Filing online with the Express Truck Tax service will save you time by only entering information once.
When E-Filing this form, instead of physically stamping the Schedule 1, the IRS will send a Schedule 1 with an official IRS watermark to verify that it was processed. State DMVs are required to accept this as proof of the Schedule 1.
Heavy Highway Vehicles:
The IRS also provides a way for owners and operators of multiple vehicles to include them in the same form. The Schedule attached to Form 2290 allows the taxpayer to list the VINs of all included vehicles. When filing electronically, you can even upload an excel document of all your vehicles. Another beneficial feature of ExpressTruckTax.com is the option to perform Free VIN Corrections. Instead of having the form rejected and sent back to you, you can correct the mistake and submit it to the IRS again at no extra charge.
Questions About the Form 2290:
If you have any questions about Filing Form 2290 or if you qualify, feel free to call the Truck Tax Experts at Express Truck Tax at (704)234-6005. You can also email them at support@expresstrucktax.com. You can also checkout their Website and Blog to stay up to date on the latest Truck Tax information: www.ExpressTruckTax.com.
The Internal Revenue Service recently announced that they will not be mailing the Form 2290 for filing Heavy Vehicle Use Tax to taxpayers this year. This step was taken due to the increase in electronic filing (E-Filing). This is also the way the IRS encourages more drivers and trucking companies to file electronically. They are pushing them out of the nest (so to speak) of paper filing, so that they can learn how to E-File (and fly). The IRS does have legitimate reason to do this because filing electronically really is the quickest, easiest, and safest way to file. It also costs the IRS less money to process electronic returns, which means that our government can be more efficient.
Fortunately, it has recently become incredibly simple to E-File IRS Form 2290 or other tax forms related to the Heavy Vehicle Use Tax (HVUT) such as Form 8849. All you need to do is go to www.ExpressTruckTax.com and start filing. You can file a Schedule 1 for Form 2290, Form
8849, A VIN Correction, and Fuel Tax (IFTA).
This easy-to-use system allows the taxpayer to go through the process at their own speed and it asks questions in plain English, not confusing tax jargon. There are even special discounts for Owner-Operators who need to file for multiple vehicles. Tax Professionals may also benefit from special pricing for multiple filings.
Even if you still need help filing your Truck Taxes, Express Truck Tax has an excellent team of customer service professionals who will help you file your return quickly and painlessly..
