Category: tax return

How to Add Sold/Destroyed/Stolen Credit Vehicles

Posted on September 24, 2015 by - credit vehicle, expresstrucktax, IFTA return, tax return, taxable vehicles, trucking nation

Hello, truckers! Do you have any taxable vehicles that were sold, destroyed, or stolen before June 1 of the current tax year? If you do, and they were not used for the remainder of the tax period, you’re able to claim a prorated credit or refund for some of the taxes paid. We’re here to tell you how!

To get started, follow the steps below:

1. Once you click Start New Return on your ExpressTruckTax dashboard, a pop-up will appear with three options to create a new tax return. Select Form 2290. (If you wish to receive a check from the IRS instead of credit, you can select Form 8849 Schedule 6.)

2. To reach the Sold/Destroyed section, fill out required information in the steps leading up to it:

  • Select which month your vehicle was first used.
  • Enter any taxable or suspended vehicles that you are filing for.
  • Add a suspended vehicle of the prior year if applicable. 
  • Once you’re there, select Add Credit Vehicle. 

Note: If you sold a truck and are adding a new truck, the credit amount from the truck sold will be applied to the tax amount owed on the new truck. In addition, if you are filing for a credit for a sold vehicle, there is a new regulation that requires you to enter in the name and address of the person who purchased the truck.

3. Provide the required vehicle details in the fields below, including your VIN number, taxable gross weight, and loss event, then click Save. 

We hope these instructions are beneficial to you, but if you need further assistance, don’t hesitate to contact us! You can call our support team at 704.234.6005 or email them at support@expresstrucktax.com.

Remember, Trucking Nation, we’re here for you!

Express Truck Tax Overview Video (E-file IRS form 2290)

Posted on October 17, 2011 by - 2290, 2290 Return status, efile 2290, EFTPS, express truck tax, Form 2290, Form 2290 Online, Fuel Tax, HVUT, IFTA, IRS, irs 2290, Schedule 1 proof of payment, Schedule 6, Tax 2290, tax return, Vehicle Tax

Why e-File Form 2290 with Express Truck Tax?
May be the more appropriate question would be, why wouldn’t you use Express Truck Tax to file Form 2290 or Form 8849 or IFTA? We don’t mean to brag, but we do have the lowest prices, the most experience, the best customer support and the most user friendly software to e-File Form 2290 in the industry.
We’re really good at what we do, and what we do is make taxes easier for you.
IRS Approved
We’re an IRS authorized e-file provider. That means we’ve worked closely with the IRS to provide you with a safe, secure, accurate process that will save you time and money.
Experienced
Our technical and support team is the most experienced team in the industry. We were around when the IRS mandated e-filing for Form 2290. We helped the first customers file online years ago. We know the ins and outs of the filing process better than anyone else.
Safe and Secure
We have taken every possible step to make sure Express Truck Tax is safe and secure. Our site is encrypted and is HackerProof and COMODO certified. Your information goes to the IRS, and no one else.
Expert Help
We made Express Truck Tax as easy to use as possible. You’ll find contextual help bubbles and support text all over the place, guiding you through the process step by step. We also have some helpful video guides if you feel like kicking back and watching how it’s done. If you get stuck, you can always email us, or give us a call.
Power to the Pros
We support tax professionals, our competitors don’t. If you’re a tax professional, you can use Express Truck Tax for your clients–all of them–and take advantage of tax professional discounts.
The Right Price
We know we’re not the only ones providing this service, but we do know we’re the only ones doing it at this price with this level of quality. You won’t find a better combination of tax savvy professionalism and value-based pricing anywhere.

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.

New PTIN Requirements for Tax Return Preparers

Posted on November 19, 2010 by - 2290, e-file, Express2290, HVUT, IRS, PTIN, Tax 2290, tax return, Truck Tax

Beginning January 1, 2011 the IRS will require paid tax return preparers who prepare all or substantially all of a tax return to register and obtain a Preparer Tax Identification Number (PTIN). The requirements are intended to ensure tax preparers are competent and qualified.

Tax return preparers may apply for a PTIN using the IRS PTIN online application system at irs.gov. Individuals who currently possess a PTIN will need to reapply under the new system but generally will be reassigned the same number.

The IRS has also set up a special toll-free telephone number, 1-877-613-PTIN (7846), that tax professionals can call for technical support related to the new online registration system. Applicants will pay a $64.25 fee to obtain a PTIN, which will be valid for one year.

Receipt of a PTIN will be immediate after successful online registration. Tax preparers may also submit a paper application (Form W-12: IRS Paid Preparer Tax Identification Number Application). Paper applications will be processed in four to six weeks. Before registration, applicants should consider that the date the PTIN is assigned is established as the annual renewal date.

PTIN applications will require a Social Security number. Individuals without a Social Security number may apply but will be required to provide one of the following: Form 8945 (PTIN Supplemental Application for U.S. Citizens Without a Social Security Number Due to Conscientious Religious Objection) or Form 8946 (PTIN Supplemental Application for Foreign Persons Without a Social Security Number.)

Check the Express2290 blog soon for more information regarding the IRS PTIN requirements.