Category: Hvut 2290

How to file a Form 2290 Amendment?

Posted on August 1, 2012 by - federal form 2290, Form 2290, Form 2290 Amendment, Form 2290 for 2012, Heavy vehicle use tax 2290, How to file Form 2290 Amendment, Hvut 2290, irs 2290, Taxable Gross Weight Increase, VIN Corrections

A Form 2290 Amendment is quite simply, an adjustment or modification to the IRS Form 2290 for Heavy Vehicle Use Taxes.
Common reasons to file a Form 2290 amendment include:
1. VIN Corrections – A VIN correction would need to be filed if an error was made on the 2290 when entering the 17 character Vehicle Identification Number
2. Taxable Gross Weight Increase – If a 2290 was filed with an incorrect gross weight listed for the vehicle
3. Mileage Exceeded – If a Form 2290 was filed, as a “Suspended Vehicle” and it exceeded the 5,000 mile threshold
The easiest way to file this form is online through ExpressTruckTax.com. As an IRS approved E-File provider, ExpressTruckTax can E-File a 2290 Amendment in just minutes! You can even file a VIN correction for Free. Simply choose the Form 2290 Amendments option as shown below.
To learn more and get started, you can go to ExpressTruckTax.com and E-File your amendment or contact the Truck Tax Experts at 704.234.6005 or Email at support@expresstrucktax.com.

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.

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!

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.

IRS E-File Provider: ExpressTruckTax Offers E-Filing for the New HVUT Tax Period

Posted on June 26, 2012 by - e-file 2290, ExpressTruckTax PRweb Release, Form 2290, Form 2290 for 2012-2013, heavy vehicle use tax, Hvut 2290, irs 2290, New HVUT Tax Year

The IRS Form 2290 can be E-Filed for the new HVUT Tax Period of 2012-2013 as of July 1, 2012. 

The New Tax Year for Heavy Vehicle Use Taxes is nearly here. The leading service provider for E-Filing HVUT – http://ExpressTruckTax.com will begin accepting the IRS Form 2290, Heavy Vehicle Use Tax Return (HVUT) for the 2012-2013 tax year on July 1, 2012. Their fast and intuitive system is as powerful as it is versatile. Whether it’s a one-man trucking company, or a national corporation with multiple fleets, everyone can get far when they’re rolling with ExpressTruckTax.
Here are some of the services that ExpressTruckTax has to offer:

One Click Login
  • There is no need to create an account. Just login with Facebook or Google to start the process in seconds.
User-Friendly Program
  • Contextual help and video guides with clear instructions appear throughout the process. They’ve done everything possible to make taxes less taxing.
Real-Time Notifications
  • 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.
Bulk Upload
  • 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.
Quick Credits
  • 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.
Stamped Schedule 1
  • The tax system is so fast; a Stamped Schedule 1 from the IRS can be received in a matter of minutes.
ExpressTruckTax is offering the greatest value in the industry for HVUT e-filing, there is also additional pricing and packages to suit any company in any situation. Tax professionals can take advantage of deep price discounts and special packages for their clients.
Form 2290 Amendments and free VIN corrections can be filed in a few easy steps. The system performs a free internal audit of tax information to check for errors before it is submitted. If additional help is still needed, the experienced Truck Tax Experts are available anytime in English and Spanish from their USA-based customer support center in Rock Hill, SC.
ExpressTruckTax has close ties to the trucking industry. They are exclusively recommended and endorsed by several major trucking and state associations. Through these partnerships, ExpressTruckTax is able to educate and provide continued support to those within the trucking industry.
There’s really no better combination of affordable prices and knowledgeable professionalism in the industry. To get started now, visit http://ExpressTruckTax.com

What is My First Used Month(Form 2290)?

Posted on June 25, 2012 by - 2290 e-file, 2290 online, Form 2290, Heavy vehicle use tax 2290, Hvut 2290, irs 2290, Tax Year, Vehicle first use month

When Filing the IRS Form 2290, you will be asked to provide the First Use month for a vehicle.

This date refers to the time when the vehicle was placed in service during the tax period. If this vehicle has been in service for previous years and will continue to be in service this year, the first use month will be July. This is because the tax period for Heavy Vehicle Use Taxes is from July until June.

If a new vehicle is placed in service during the tax period, the first use month would be the month in which the vehicle was first used. If a vehicle was only used during part of the tax period, the tax for the year will be prorated.

To e-file a Form 2290 online, you can use www.ExpressTruckTax.com and if you have any questions about your First Use Month, you can contact the Truck Tax Experts at 704.234.6005.

It’s Almost Time to File 2290, so what are the benefits of Efiling?

Posted on June 22, 2012 by - efile 2290, Federal tax 2290, Form 2290 for 2012, Free VIN Corrections, heavy vehicle use tax, Hvut 2290, irs 2290

The tax period for the 2012-2013 tax years is just over a week away and you are busy preparing so you can file on time.  For years you have filed your 2290 by filling out the Form 2290 and either taking it into the field office or mailing it in.  So why would you want to e-file?

Here are just some of the benefits of E-Filing: 

1. IRS requires anyone with 25+ trucks is required to E-File 

2. It’s quicker; you can file from the comfort of your own home, no more going to the IRS office and waiting in those long lines! 

3. Save on a stamp…Saving you money & saving the trees…paperless!   
4. Avoid waiting for Stamped Schedule 1; receive your Stamped Schedule 1 within minutes! 

5. Customer support, when choosing an E-File provider choose one who offers customer support to assist you if you have any questions 

6. Keep track of your tax filing process.  When you use an online service provider, you will have an online record of your previous year filings.  No need to reenter the VIN numbers, they will already be there from the previous year, again saving you time.


    Concerned about what happens if you make a mistake? What happens if you type in the wrong VIN and don’t realize it before you submit your return?  Not a problem at all, when you choose a service provider, like ExpressTruckTax.com, who offers FREE Online VIN Corrections. You will be able to correct your VIN free of charge with just a few clicks.  E-Filing saves you both time and money!

    How to prepare for the 2012/2013 filing period for Form 2290 (Heavy Highway Vehicle Use Tax Return)?

    Posted on June 19, 2012 by - Check, efile 2290, EFTPS, EFW, EIN, Form 2290, Form 2290 Check list, Hvut 2290, money order, VIN

    Want to be ready when filing begins for the 2012/2013 tax year for your Form 2290?  Here’s a checklist of what you will need:

    • Federal Tax ID# or EIN (Employer Identification Number)
    • VIN (Vehicle Identification Number)
    • Taxable Gross Weight of Vehicle(s)
    The taxable gross weight of a vehicle (other than a bus) is the total of: 

    1. The actual unloaded weight of the vehicle fully equipped for service,
    2. The actual unloaded weight of any trailers or semitrailers fully equipped for service customarily used in combination with the vehicle, and
    3. The weight of the maximum load customarily carried on the vehicle and on any trailers or semitrailers customarily used in combination with the vehicle.
      There are three methods to pay the tax:
        

      1. Electronic funds withdrawal (direct debit) if filing electronically. 

      3. Check or money order using the payment voucher.

        That’s it!  Our program takes care of computing the tax and enables you to submit your IRS payment.  You will receive your Stamped Schedule 1 within minutes!
        ExpressTruckTax.com is an IRS authorized e-file provider for Form 2290 Heavy Highway Vehicle Use Tax Return. Get IRS 2290 Schedule 1 and stay safe on the road. You can call our customer support @ 704.234.6005 or e-mail @ support@expresstrucktax.com.