Category: Uncategorized

How to handle Missing or Incorrect W-2 Information?

Posted on January 26, 2018 by - Uncategorized

ExpressTruckTax knows filing W-2c with TaxBandits is best

Alright trucking nation, the Form W-2 deadline is only a few days away on January 31. This means that not only do you need to file by the deadline, but you need to correctly file. In order to correctly file it’s important to include correct information as well as all of the information needed to complete your form.

If you find out that something is incorrect or missing from your W 2 Form then it’s up to you to correct it by the deadline! Luckily ExpressTruckTax’s sister product, TaxBandits, makes it easy to file Form W-2 and make W-2 corrections in a matter of minutes!

How to handle Missing or Incorrect W-2 Information?

First of all Form, W-2 is the annual statement you are required to file with the Social Security Administration (SSA) to report all of the compensation and wages offered to your trucking business employees that had social security, Medicare, and income taxes withheld.

You are also required to issue a copy of Form W-2 to each of your employees, as they need this information to complete their personal income tax returns. You must file for each employee who you offered wages of $600 or more to during the tax period.

TaxBandits makes it easy to file W-2 Online in a matter of minutes. Once you create your free account follow the interview style e-filing process that will help you complete your form and instantly transmit it to the SSA.

With TaxBandits innovative, time-saving e-filing features the entire process is extremely convenient. You can use the bulk upload feature to upload all of your data at once, and you can use the postal mailing feature to have them print and mail copies of your Form W-2 to each of your employees.

ExpresstruckTax man quickly fixed his W-2 with correction Form W-2c on TaxBandits

Form W-2c

If you see a mistake or that something is missing from your W-2 Form then you can easily correct it. The correction process is just as easy as e-filing your W-2 form. All you have to do is log in to your account and select correction Form W-2c.

In order to complete Form W-2c you will need to provide the following information:

  • Your employer details, including the name, EIN, address, employer coder, and employee type. 
  • Your employee details, such as their name, SSN, address, and contact information.
  • And the corrected wage and tax amounts. 

You will also need to issue copies of your corrected form to each of your trucking employees, but this task can be easily completed with our postal mailing feature. 

The IFTA Deadline Is Almost Here

Don’t forget about your 4th quarter IFTA return, which is due on January 31! Luckily, ExpressTruckTax’s other sister, ExpressIFTA will easily help you track all of the IFTA totals needed to complete your return. It’s incredibly fast and easy to import all of your IFTA information, because ExpressIFTA even accepts ELD data.

ExpressIFTA takes the time and hassle out of IFTA reporting by calculating all of your IFTA totals with 100% accuracy based on the information you enter. All of the totals will be listed in an easy to read IFTA report that can be downloaded, printed, emailed, and used to correctly complete your return.

File These Employment Tax Returns For Your Drivers

Posted on January 18, 2018 by - Uncategorized

File Form 2290 with ExpressTruckTax

It can seem like your taxes never end. From your HVUT Form 2290 to filing  IFTA four times a year, your IRP return, and more. There’s always a deadline to prepare for, and missing it could result in major penalties.

Then on top of your truck taxes, you have to file for your trucking business employees by the January 31 deadline! You need to file Form W-2 or Form 1099-MISC and issue copies to each of your recipients by this deadline. Luckily, this can all be quickly accomplished with the help of our sister product, TaxBandits

File Wage Returns For Your Drivers

Form 1099-MISC

Form 1099-MISC is used to report payments or miscellaneous income made by trucking businesses for services performed by people such as independent contractors or contract workers, who are not treated as employees.

You must file Form 1099-MISC for your independent contractors if you paid them $600 or more in wages during the tax year. It reports the amount they were paid and how much of their income had taxes withheld, so they need this form to complete their personal income tax returns.

Form W-2

File Form W-2 electronically with the Social Security Administration and issue copies to each of your employees on an annual basis for all of your workers who you paid $600 or more to in wages during the tax year.

ExpresstruckTax suggests filing employment returns with TaxBandits

This form is basically a report that lists all of the compensations and income that you offered your employees during the year with income, Medicare, and social security taxes withheld. Your employees need this information to complete their personal income tax returns.

E-Filing With TaxBandits

TaxBandits is the market leading e-filing solution for business owners and accountants. By streamlining the e-filing process online they make it incredibly quick and easy to complete your returns in a matter of minutes.

Simply create your account to get started and follow the step-by-step e-filing guide that explains exactly where to enter the information that’s required to complete your form and transmit it directly to the IRS. This fast, cost-effective process will save you tons of time and money.

Plus, TaxBandits even offers multiple, innovative e-filing features that make the entire process incredibly convenient. For example, use the bulk upload feature to save time by uploading all of your employee information at once.

Also, forget the hassle of having to go to the post office. Just use our postal mailing feature to have us print hard copies of your returns and mail them to your recipients for you.

IFTA Is Coming

Your 4th Quarter IFTA return is also due on January 31, and you don’t want to miss that deadline! Be sure to check out ExpressTruckTax’s other sister, ExpressIFTA to quickly import all of your IFTA data to record it in one location online. ExpressIFTA even accepts ELD data to make the reporting process even easier.

All of your IFTA calculations will automatically be calculated in an easy to read IFTA report that contains all of the totals needed to complete your return. Your IFTA report can be downloaded, printed, and emailed to go wherever it needs to.

A New Tax Filing Solution for Your Trucking Business

Posted on December 12, 2017 by - Uncategorized

As a trucker, we know you have a lot of taxes to deal with. From your Heavy Vehicle Use Tax Form 2290 to your IRP return, quarterly IFTA return, and more. That’s why we aim to make things easier by providing you with a quick and easy way to instantly file your Form 2290 online.
However, then we thought, why stop at Form 2290? You have more tax returns to file and they should all be fast and simple to complete online, especially if you run a trucking business. That’s why we are proud to announce our new tax solution, TaxBandits.

We Launched TaxBandits

TaxBandits is our newest program that was specifically designed to help small businesses steal back their time by providing them with a quick and easy e-filing solution for multiple returns.

All you have to do is follow our interview style e-filing process that’s full of instructions and helpful tips along the way. We’ve also gotten rid of unnecessary steps to make filing your forms and transmitting them directly to the IRS even faster.

TaxBandits currently offers W-2 Forms, the Form 990 Series (Form 990-N, 990-EZ, 990, 990-PF), the Form 94x Series, ACA Forms, the Form 1099 Series, and Extension Forms, so you can file for your small business or nonprofit, and even get more time to file if needed.

Plus, TaxBandits has a number of outstanding e-filing features to make the entire process super convenient. For example, you can use the bulk upload feature to instantly upload all of your information at once!

Also, you can use our postal mailing feature to have us mail hard copies of your forms to each of your recipients.

Check out the free “Vendor Payments & How to Stay Compliant” Webinar today, Tuesday, December 12th at 2 PM EST to learn more about Form 1099-MISC. Register here!

Contact TaxBandits

If you need any assistance, the amazing, US-based TaxBandits support team is here to help. Give us a call Monday – Friday from 9 AM to 6 PM EST at 704.684.4751. We also offer live chat and 24/7 email support at support@TaxBandits.com.

1099s & W-2s for Truckers

Posted on January 26, 2016 by - Uncategorized

Should your drivers receive a 1099 or a W-2 form? That’s the question for a lot of truckers and fleets this time of year. And while we tend to focus on 2290s around here, understanding the personal taxes of a trucker can make a huge difference for both companies and drivers.

Fleets: Do Truckers Need 1099s or W-2s?

Well, let’s get right down to it here – there are a lot of mixed emotions out there over what tax classification drivers belong to. I mean, misclassification continues to be a subject of contention for both companies and drivers.

So how should your fleet approach classification? 

When you bring on a new driver, you should determine if they’re a full-time employee or an independent contractor from the start. Depending on their status, you’ll either need to send your drivers a W-2 or 1099 come tax time. Now we’ve heard stories from some drivers where companies won’t discuss employee status until tax forms are due, but we suggest clear and open communication with your drivers from day one. Sure, some fleets might be tempted to put the burden of taxes on a company driver and send them 1099, but that route can only be traveled with specific conditions geared towards independent contractors.

Basically, treating a full-time employee as an independent contractor will just lead the IRS to your doorstep. And let’s face it, the IRS will come for their money one way or another! Might as well keep your filing legitimate and make things easy on your crew.

Truckers: Independent Contractor or Company Driver?

When you get right down to it, your status as an employee needs to be determined before you’re hired. There are specific guidelines from the IRS on contractors who receive 1099s, and you owe it to yourself to know your status.

It all comes down to how you work – if you’re an independent contractor, you will have to cover your end of government expenses, but you also have more choice in how you haul. Now, if you are an independent contractor (like a co-driver), you are probably used to the 1099 routine. We know it can take a while to get your returns straightened out, so we suggest e-filing a tax extension.

Okay, But How Can I file W-2s and 1099s?

With employee status already established, all you have to do is file for the proper tax form. Now if you’ve used ExpressTruckTax before, you know we like our tax software fast and easy-to-use. That’s why we suggest you check out ExpressIRSForms for filing your 1099s and W2 forms. Designed by the makers of ExpressTruckTax, ExpressIRSForms is perfect for any sized company in need of W2 and 1099 forms. With postal mailing, bulk upload, and multiple users, your fleet’s IRS forms will be filed in no time. Not only that, but if you need to get a trucker’s EIN for 1099, they even offer free e-signing for Form W-9! You can also enjoy the same level of customer support you’ve come to expect from ExpressTruckTax.

Visit https://www.expressirsforms.com/w2-form-online/ to know more about filing W2 Form online.
Visit https://www.expressirsforms.com/e-file-form-1099/ to know more about filing 1099 Form online.

Speaking of tax forms, larger fleets with over 50 full-time employees count as Applicable Large Employers, which means they need to file for Affordable Care Act (Obamacare) compliance. The good thing about ExpressIRSForms is that they also offer e-filing for Forms 1094 & 1095. You could say they’re kind of a one-stop shop for all your IRS tax forms!

If you have questions about 2290s and tax forms, contact our US-based support team by phone at 704.234.6005, email at support@expresstrucktax.com, and live chat at our website.

Giveaway Terms & Conditions

Posted on January 4, 2015 by - Uncategorized

Terms & Conditions for Giveaways valued under $600

Giveaway Posts (“Giveaways”) are promoted by Span Enterprises, LLC (the “Promoter”), 157 E. Main Street, Rock Hill, South Carolina 29730. Products, gifts, and prizes are provided by Promoter or by various companies (“Sponsor”) specified in the blog post.

NO PURCHASE NECESSARY TO ENTER OR WIN. MAKING A PURCHASE DOES NOT INCREASE YOUR CHANCES OF WINNING.

1. ELIGIBILITY: Giveaways are open only to legal residents of the fifty (50) United States and the District of Columbia (excluding Puerto Rico, all U.S. Territories and Possessions and all Overseas Military Installations), Canada (excluding residents of the Province of Quebec), and Australia (excluding residents of the State of New South Wales and the Australian Capital Territory) who are eighteen (18) years of age or older as of January, 1, 2012, with access to the Internet at all times during the Giveaway Period (as defined below) and subsequent prize-award period (as defined below). All employees of the Promoter, the Sponsor, and of all associated agencies and their respective affiliates, sales representatives, distributors, licensees or agents (all of the foregoing, together with Promoter and Sponsor, collectively referred to as “Giveaway Entities”), and their immediate family members (spouse, parent, child, sibling and their respective spouses) and those living in the same household of each (whether legally related or not), are ineligible to enter or win the Giveaway. All applicable federal, state and local laws and regulations apply. Void where prohibited by law. Entry in the Giveaway constitutes your full and unconditional acceptance of these Official Rules; if you do not accept them, you are not permitted to participate.

2. GIVEAWAY PERIOD: The Giveaway entry period begins at 9 a.m. Eastern Daylight Time (“EDT”) the day of the post and ends as of 11:59 a.m. EDT on the date indicated in the post (the “Giveaway Period”). Winners will be selected from eligible entries properly submitted during the Giveaway Period.

3. GIVEAWAY ENTRY INSTRUCTIONS: During Giveaway period, visit www.expresstrucktax.com and fill out the registration form completely and check the box indicating you would like to participate in the Promotion and you will automatically receive one (1) entry into the Sweepstakes. Additional entries will be based on specific Giveaways. All registrations must include entrant’s valid email address. The email address provided by online entrants will be the identity of the entrant and, if selected for a prize, the identity of the winner. We expressly reserve the right to disqualify any entries that we believe in good faith are generated by an automated program or via scripts. By participating, all entrants agree to abide by these Official Giveaway Rules.

4. USE OF ENTRIES: As a condition of entry into the Giveaway, except where prohibited by law, each entrant and Winner/Winners by accepting a prize grants to Sponsor and Promoter and their respective affiliates, legal representatives, assigns and licensees, an unrestricted right and license to publicize, broadcast, display and/or otherwise use all information submitted as part of the entry, including use the Giveaway entrant’s name, city, state, biographical material, and any other material submitted as part of the entry (collectively, “Licensed Rights”) in any form or media now known or hereafter devised throughout the world in perpetuity for marketing, advertising, and publicity purposes, without additional review, compensation, permission or approval of the Winner/Winners. All non-biographical information that is submitted as part of an entry is deemed User Content and is subject to the Span Enterprises Terms of Use.

5. SELECTION OF GIVEAWAY WINNER: At the end of the Entry Period, there will be one (1) random drawing in which Prize Winner/Winners (the number of which will be specified in the post) shall be selected from all eligible entries received during the Entry Period by the Promoter, whose decisions are final and binding with respect to all matters related to the Giveaway. Odds of winning will depend on the number of eligible entries received. Prize Winner/Winners will be notified via e-mail to the e-mail address submitted with his/her entry, within two (2) weeks after the drawing (“Prize Award Period”). If a Giveaway winner fails to respond to the prize notification within the specified three (3) business days, the winner will irrevocably forfeit the prize and an alternate winner may be selected from the pool of eligible entries. In the event that a potential Prize Winner is disqualified for any reason, Promoter may, in Promoter’s sole discretion, award the applicable Prize to an alternate potential Prize Winner selected at random from the remaining eligible entries. Any return of Prize notification or prize e-mail as undeliverable will result in forfeiture of any Grand Prize and an alternate potential Grand Prize Winner may, at Promoter’s discretion, be randomly selected from the remaining eligible entries.

6. PRIZES: The number of Prize/prizes and Approximate Retail Value (“ARV”) of each will be indicated in the Giveaway Post with a total ARV of no more than ($599.00) (USD) in the form of a product or gift from the Sponsor. The Prize will be sent from Sponsor directly to recipient. Prize/Prizes will not be replaced if lost or stolen, and is nontransferable. Prize/Prizes are not redeemable for cash and no substitutions are allowed. All taxes are the responsibility of the Prize Winner/Winners. By participating in the Giveaway, entrants waive the right to claim any additional damages whatsoever, including, but not limited to, punitive, consequential, incidental or indirect damages.

7. GENERAL CONDITIONS AND RELEASES: An entrant or winner may be disqualified from the Giveaway if he or she fails to comply with each provision of these Official Giveaway Rules, as determined in the sole discretion of the Sponsor. Participation in the Giveaway is at entrant’s own risk. Sponsor shall not be liable for 1) failed, returned or misdirected notifications based on inaccurate information provided by the winner on the contest entry form, 2) entries and responses to winner notifications which are lost, late, incomplete, illegible, unintelligible, postage-due, misdirected, damaged or otherwise not received by the intended recipient in whole or in part or for computer or technical error of any kind, 3) any electronic miscommunications or failures, technical hardware or software failures of any kind, lost or unavailable network connections, or failed incomplete, garbled or delayed computer transmissions which may limit an entrant’s ability to participate in the Giveaway, 4) any technical malfunctions of the telephone network, computer on-line system, computer equipment, software, program malfunctions or other failures, delayed computer transactions or network connections that are human, mechanical or technical in nature, or any combination thereof, including any injury or damage to entrant’s or any other person’s computer related to or resulting from downloading any part of this Contest 6) unauthorized human intervention in any part of the entry process or the Giveaway.

8. PERSONAL INFORMATION: Upon acceptance of our rules and regulations, you are acknowledging that Span Enterprises, LLC will share all information submitted as part of your entry (this includes biographical as well as any post/comment/other content provided) with the Sponsor. The personal information collected through the Giveaway is subject to Span Enterprises, LLC’s Privacy Policy, and the Sponsor’s Privacy Policy which can be found on its website. We encourage you to read the Span Enterprises Privacy Policy as well as the Sponsor’s Privacy Policy to understand how your data will be used. By entering the Giveaway, you agree to the use of your personal information as described in the above Privacy Policies, and such authorization is an express condition of entry.

9. RULES/WINNERS’ LIST REQUESTS: To obtain a copy of these Official Rules or for notification of the winner, send a self-addressed stamped envelope to: Span Enterprises Rules and Winner Notification Request, c/o Span Enterprises, LLC, 157 E. Main Street, Rock Hill, South Carolina 29730. Requests for notification of winner must be received no later than three months after the end of the Giveaway Period.

10. LIMITATION OF LIABILITY: Entrants and winner agree that the Giveaway Entities shall not be liable for injury, loss or damage of any kind resulting from participating in this Giveaway or from the acceptance or use of any prize awarded, including any future use of any winning entries. Sponsor reserves the right (but is not obligated) to verify eligibility qualifications of any winner.