Tag: 2290 filing

The Ultimate Guide to Filing 2290 Forms

Form 2290 is an IRS federal form used to calculate and report Heavy Vehicle Use Taxes (HVUT) every year. The money from this tax is then distributed back into the states for highway maintenance.

But who needs to file 2290 forms? And what’s the easiest way to do it? Online? In the mail? For answers to these questions and more, we’ve put together the ultimate guide to filing your 2290 forms.

Who Needs to File the 2290 Form?

If you have a vehicle with a gross weight of 55,000 pounds or more and are using it on public roads, you must file Form 2290.

For example, trucks, truck tractors, and buses designed to carry a load over public highways will have to file 2290 forms. However, smaller trucks, like vans, pickup trucks, and panel trucks likely will not have to file a Form 2290.

How is Form 2290 enforced? 

You have to file your 2290 forms to get back a stamped Schedule 1. This paper is what you need to renew your tags. If you are leased with a company, they’ll also want to see that you have a stamped Schedule 1.

Pro tip: Keep a copy of your stamped Schedule 1 in the cab of your truck in case you get pulled over or need to show it to the Department of Transportation (DOT).

What is the HVUT & Why is it Important?

The Heavy Vehicle Use Tax is an annual truck tax that the IRS imposes based on the weight of your vehicle. It is a significant part of funding the upkeep of roadways in the U.S. Since heavy trucks add more wear and tear to the nation’s highways than other motorists, the HVUT evens the playing field. Owner-operators of heavy vehicles pay a little more for the upkeep of the national highway system through the HVUT.

Who has to pay the HVUT?

You must pay the HVUT if:

  • The vehicle is registered in your name
  • Your vehicle has a gross weight of 55,000 pounds or more
  • Your vehicle is being used on public roadways/highways

What is the taxable gross weight of a vehicle?

The taxable gross weight of a vehicle is determined by adding these three things:

  • The actual unloaded weight of your motor vehicle fully equipped for service
  • The actual unloaded weight of trailers or semi-trailers fully equipped for service that are typically used with the vehicle
  • The weight of the maximum load typically carried on the vehicle and on the trailers or semi-trailers

What does ‘actual unloaded weight’ mean? 

The actual unloaded weight of a truck is simply the empty weight of the vehicle. If your truck is equipped to tow a trailer or a semi-trailer, the weight will be the truck and trailer combined.

What does ‘fully equipped for service’ mean? 

To add the weight of a truck fully equipped for service, you will include the body of the vehicle, all accessories, and the equipment attached to or carried by the truck. You’ll also include the truck’s entire supply of fuel, oil, and water.

However, fully equipped for service does not include the driver or the equipment used in handling, protecting, or preserving cargo. It also does not count any special equipment like an air compressor or crane.

How to calculate and make HVUT payments 

The HVUT varies based on the taxable gross weight category. For example, the HVUT payment for a vehicle with a gross weight between 55,000 to 75,000 pounds is $100. And, if your truck is over 55,000 pounds, you’ll need to add $22 for every 1,000 pounds that your vehicle weighs (with a cap at 75,000 pounds).

So, if you have a truck that weighs 60,000 pounds, your HVUT payment would be $210 ($100 + $22 x 5).

However, if your vehicle has a gross weight of over 75,000 pounds, the maximum HVUT payment you’ll make is $550.

HVUT Payment Breakdown

Vehicles below 55,000 poundsNo tax
Vehicles 55,000 pounds$100
Vehicles over 75,000 pounds$550
Vehicles between 55,000 and 75,000 pounds$100 plus $22 for every1,000 pounds over 55,000

When Should You File the 2290 Form?

Form 2290 is an annual truck tax that you will have to file every year. The deadline to file is the last day of the month following the “first used month” of the vehicle. This means you have a two-month window to file for all of your trucks over 55,000 pounds.

For example, if you get a new truck in December and put it on the road, you must file your 2290 tax form by Jan. 31. If the due date falls on a Saturday, Sunday, or a legal holiday, you will file by the next business day.

However, if you’re continuing to operate your truck on public highways, you’ll file following the fiscal year. Since the tax year begins on July 1 and ends on June 30, the deadline to file Form 2290 for most truckers is August 31.

How to File the 2290 Form

You can either e-file or mail your 2290 forms. No matter which method you choose, you’ll need to gather the following information:

  • Your Employee Identification Number (EIN
  • Your name  – this must match the name on your EIN
  • The Vehicle Identification Number (VIN) of each vehicle
  • The taxable gross weight of each vehicle 

Note: If you don’t have an EIN, you need to apply for one since you can’t use your social security number to file Form 2290. Keep in mind that you’ll need to allow four weeks for your new EIN to be established in the system before filing your 2290 forms.

How to e-file Form 2290

E-filing is the most common and easiest way to file your Form 2290. It’s also the only method the IRS will allow if you’re filing for more than 24 vehicles.

Not to mention that when you e-file, your return will be processed quickly. This means you’ll get your stamped Schedule 1 in a matter of minutes. And you’ll get your refund faster, usually within three weeks of the IRS receiving your tax return (even sooner if you have your refund directly deposited into your banking account).

To e-file Form 2290, you’ll need to do the following:

What are the Penalties for Non-Compliance?

If you miss the deadline to file your Form 2290 returns or pay your HVUT taxes, you could be hit with significant IRS penalties and interest charges.

For example, if you fail to file your Form 2290 returns by the due date, you could be penalized 4.5% of the total HVUT taxes due — this penalty can accrue for up to five months. 

If you fail to pay the full amount of HVUT taxes due, you could also face a penalty of 0.5% of the unpaid tax per month, with a maximum penalty of 25%.

So if your unpaid HVUT liability was originally $500, it would increase to over $700 by the end of the five-month period.

Not only do these penalties quickly add up, but the registrations of your vehicles will also be suspended. And, in a worst-case scenario, the IRS could seize your assets to make up for your tax debt.

How to claim tax exemptions

There are several vehicles exempt from paying the HVUT. These vehicles include the following:

  • Commercial vehicles (including suspended vehicles) that clock fewer than 5,000 miles for the year
  • Agricultural vehicles that drive fewer than 7,500 miles for the year
  • Vehicles that are not considered highway motor vehicles (i.e. vehicles specifically for off-highway transportation)
  • Vehicles used for the collection of blood

Not sure whether you’re exempt from paying the HVUT? Our support team at ExpressTruckTax can answer any questions you have about filing Form 2290. As the market-leading e-file provider for Form 2290, we ensure you have all the information you need to file your return on time. In fact, with ExpressTruckTax, you can file your Form 2290 return instantly with the IRS and get your stamped Schedule 1 in minutes.

Related Questions

Q: How do I file Form 2290 online? 

A: The only way to file Form 2290 online is through an IRS-approved e-file provider, like ExpressTruckTax. You cannot file Form 2290 on irs.gov.

Q: When is the deadline to file Form 2290? 

A: The deadline to file Form 2290 is the last day of the month following the “first used month” of the vehicle. If you have been operating your vehicle throughout the fiscal year, your deadline will likely be Aug. 31.

Q: What is the penalty for late filing Form 2290?

A: If you are late to file Form 2290, you could be penalized 4.5% of the total HVUT taxes due for up to five months. If you fail to pay the full amount of the HVUT payments you owe, you could also face a penalty of 0.5% of the unpaid tax per month (maxed at 25%).

Q: Can I make HVUT payments with a credit card? 

A: You can pay your taxes by credit card or debit card, via an electronic funds withdrawal, or through the Electronic Federal Tax Payment System (EFTPS).

Q: How do I claim a tax exemption for my logging truck?

A: You must file Form 2290 through an approved e-file provider to claim a tax exemption for your logging truck.

Q: What is the difference between Form 2290 and Form 8849? 

A: Form 2290 is for reporting and paying your HVUT. It must be filed every year by Aug. 31. Form 8849, on the other hand, is for claiming a refund or credit for HVUT that was overpaid or paid for a vehicle sold or destroyed before June 30. It can be filed at any time during the tax year.

Q: Can I amend my Form 2290 after filing it? 

A: An amendment to Form 2290 should be made for the following vehicle changes: an increase in taxable gross weight, mileage use limit exceeded, and an incorrect VIN.

Filing for the 2023-24 Form 2290 Season Starts Now, Truckers!

File ahead of the rush with ExpressTruckTax

The 2290 filing season is right around the corner, and our team is excited to help you get ahead of the game this year! That’s right, the 2023-24 Form 2290 is available from ExpressTruckTax today. What better way to ensure you file accurately and on time this year than to start filing now? 

A Quick Recap of Form 2290

We get it, our team talks about Form 2290 all day, every day, but for you, it happens once a year!  

IRS Form 2290 is used by owners of commercial motor vehicles weighing 55,000 pounds or more to calculate and pay annual heavy vehicle use taxes (HVUT). The HVUT tax year runs annually from July 1 – June 30. 

What are the Benefits of Filing Early? 

The best benefit of completing your annual filing ahead of the 2290 deadline on August 31st is that you can check this off your “to-do” list and get back on the road!

When millions of other drivers are rushing to meet the filing deadline in August, you will already have your Stamped Schedule 1! As soon as the IRS begins accepting 2290 Forms, yours will be submitted and processed. 

http://blog.expresstrucktax.com/how-to-file-form-2290-with-expresstrucktax-com

Why Should I File 2290 with ExpressTruckTax?

Here is a better question – why would you file your 2023-24 Form 2290 with any provider other than ExpressTruckTax? 

ExpressTruckTax is the industry leader for a reason, we offer the easiest and most affordable option for filing your 2290, and we’ve been doing that for over a decade!

Only ExpressTruckTax offers outstanding customer support that is live, local, and bilingual. Our team of experts is available to assist you Monday-Friday from 8:00 AM EST until 5:30 PM EST by phone, email, and live chat. 

Are you ready to start filing now? Click the button below to get started with ExpressTruckTax today!

Pre-Filing For Form 2290 For 2022-2023 Is Now Available!

It’s that time of year again! Time to file Form 2290. With ExpressTruckTax you can file early and beat the rush of everyone trying to file at one time. By filing early your form will be one of the first to get accepted so that you can get your stamped Schedule 1 as quickly as possible. E-File with ExpressTruckTax and you can file Form 2290 before anyone else!

What is Form 2290?

Form 2290 must be filed if a vehicle weighs 55,000 pounds or more and drives more than 5,000 miles a year, (or 7,500 miles if it is used for agricultural purposes). 

Why File Form 2290 Early?

While the IRS doesn’t start accepting Form 2290 for the new tax year until July 1st, there are many people who usually file around that time. If you wait to file then, there is a chance that it will take longer for your Form 2290 to be processed by the IRS and you will not receive your Schedule 1 for several days. 

If you file early with ExpressTruckTax however, your return will be transmitted to the IRS as soon as they start accepting them. That way you are able to beat the rush of filing season by filing early and receive your 2290 Schedule 1 as soon as possible. 

You can also file now and pay later. File now with ExpressTruckTax and your tax payment does not need to be paid until August 31st. Depending on the payment method that is selected will determine when you will pay. If you choose check or money order, EFTPS, or credit or debit card, you may submit your payment as soon as the IRS begins accepting them on July 1st and you have until August 31st to pay it. If you select electronic funds withdrawal your payment will be taken as soon as the IRS accepts the form.

Important Pricing Information

We want to take an opportunity to thank all of our loyal customers for choosing us year after year. We have an important update going into this tax season that we want to make sure you are aware of. ExpressTruckTax has been filing Form 2290 for hundreds of thousands of truckers for over 10 years and throughout our history, we have kept our prices the same. Because of the current economic climate and the rising cost of doing business, we have made the decision to change our prices to continue improving our services and features. 

We offer amazing live support via phone, email, and chat and our support team is here to answer any questions you may have about your Form 2290. 

With ExpressTruckTax you can file early and receive your Schedule 1 ahead of everyone else. We still offer the lowest price to file Form 2290 on the market. What are you waiting for? File Form 2290 today and get your Schedule 1 as soon as the IRS starts accepting Form 2290!

FAQ Friday: What Are 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!

Primer Mes de Uso: ¿Qué es y cómo se relaciona con su Forma 2290?

*Este artículo no refleja el precio para declarar por la temporada 2022-23

La presentación de la Forma 2290 se realiza cuando su vehículo pesa más de 55,000 libras. Si su vehículo viaja menos de 5,000 millas al año ó 7,500 millas si se usa para fines agrícolas, aún debe presentar el Formulario 2290 pero no tiene que pagar el impuesto porque su vehículo se considera suspendido/exento. No importa si su vehículo está suspendido/exento ó no cuando presenta su Forma 2290, debe ingresar su primer mes de uso.

¿Qué es un primer mes de uso?

Las palabras “primer mes uso” aparecerán varias veces en ExpressTruckTax y cuando presente su Forma 2290. ¿Qué significa? El primer mes uso se refiere al primer mes en que puso su camión en la carretera durante el año fiscal específico y no tiene que ver con la fecha en sus etiquetas. El año fiscal de la Forma 2290 es del 1 de Julio al 30 de Junio del año siguiente. Si un camión se ha puesto en circulación por primera vez en medio de un año fiscal, entonces el mes en que puso el camión en la carretera será su primer mes usado. Sin embargo, si su camión ha estado en la carretera por más tiempo, su primer mes usado será Julio. Su primer mes de uso y el peso de su vehículo es lo que determina cuánto será su Impuesto sobre el Uso de Vehículos Pesados (HVUT) una vez que presente su Forma 2290.

¿Por qué usar ExpressTruckTax para presentar el Forma 2290?

ExpressTruckTax facilita la presentación de su Formulario 2290. Solo toma seis pasos simples y ya. No solo tiene la garantía de recibir su Anexo 1 sellado en minutos, sino que ExpressTruckTax ofrece verificación instantánea de errores, correcciones de VIN gratuitas si presentó su declaración original con nosotros, una aplicación móvil gratuita y mucho más. No solo eso, sino que nuestros precios comienzan en sólo $9.90 por un solo camión. ¿Tiene alguna pregunta? ¡Nuestro equipo de servicio al cliente 100% basado en EE. UU. está aquí para ayudarlo!

¿Que estás esperando? ¡Presente su Forma 2290 con ExpressTruckTax hoy!

First Used Month: What Is It And How Does It Relate To Your Form 2290?

*This blog doesn’t reflect the pricing for the 2022-23 filing season

Filing Form 2290 is done when your vehicle weighs over 55,000 pounds. If your vehicle travels less than 5,000 miles a year or 7,500 miles if it is used for agricultural purposes, you still have to file Form 2290 but you don’t have to pay the tax because your vehicle is then considered suspended/exempt. No matter if your vehicle is suspended/exempt or not when you file your Form 2290 you have to enter your first used month. 

What is a First Used Month?

The words “first used month” will appear several times in ExpressTruckTax and when you are filing your Form 2290. What does it mean? The first used month refers to the first month that you put your truck on the road during the specific tax year and does not have to do with the date on your tags. The Form 2290 tax year is July 1 to June 30.  If a truck has been put on the road for the first time in the middle of a tax year then the month you put the truck on the road will be your first used month. If your truck has been on the road for longer, however, your first used month will be July. Your first used month along with the weight of your vehicle is what determines how much your Heavy Vehicle Use Tax (HVUT) will be once you file your Form 2290.

Why Use ExpressTruckTax to file Form 2290?

ExpressTruckTax makes filing your Form 2290 easier. It only takes six simple steps and you are finished. You are not only guaranteed to receive your stamped Schedule 1 in minutes but ExpressTruckTax offers instant error check, free VIN corrections if you filed your original return with us, a free mobile app, and much more! Not only that but our prices start at only $9.90 for a single truck. Have any questions? Our 100% US-based customer service team is here to help!

What are you waiting for? File your Form 2290 with ExpressTruckTax today!

Our App Makes Filing IRS Form 2290 Simple

Let’s face it – It’s hard to get things done when you’re a trucker constantly on the road.

Despite your lack of free time, the deadlines do not and will not stop. The IRS Form 2290 due date is fast approaching.

You need an express 2290 Form 2021 solution to get you in and out fast.

ExpressTruckTax can help. We offer easy-to-use 2290 filing software, available online and as an IRS Form 2290 app.

File your 2290 highway use tax on the go from your iPhone, iPad, or Android device.

We’re dedicated to making IRS Form 2290 filing easier, and we have plenty of features to prove it.

Learn how to complete 2290 filing fast with these steps.

Benefits of the IRS Form 2290 App

What’s IRS Form 2290?

The IRS Form 2290, also known as the 2290 highway use tax, is used to pay the heavy vehicle use tax (HVUT).

Highway motor vehicles weighing 55,000 pounds or more are subject to the heavy highway tax.

2290 filing is critical, as it is necessary in order to receive your 2290 Schedule 1, which acts as a receipt of your HVUT payment and is required for many aspects of truck operation.

Use our express 2290 filing solution and receive your 2290 Schedule 1 in minutes.

How to File IRS Form 2290

Online 2290 filing is the best option. The IRS recommends filing 2290 Form 2021 online because they can approve heavy highway tax submissions very quickly.

With express 2290 filing, you’ll receive your 2290 Schedule 1 in as little as 15 minutes after filing your IRS 2290.

Simply create a free account, enter your information into the express 2290 filing form, and transmit electronically to the IRS.

With our free 2290 filing app, you can complete these steps from anywhere with your mobile device.

2290 Filing App Features

Download the free app and check out these 2290 filing features:

1. IRS Form 2290 status updates You’ll be notified as soon as the IRS accepts your heavy highway tax 2290 return.

2. Automatic tax amount calculation Use the app to have your tax amount automatically calculated.

3. Stamped 2290 Schedule 1 Receive your 2290 Schedule 1 within minutes and access a copy of your IRS 2290 or 2290 Schedule 1 at any time in the app.

4. Free Corrections With the ExpressTruckTax app, you can make corrections to your IRS 2290 highway use tax and resubmit any rejected returns for free.

5. Multi-Level Access Add and manage multiple businesses and EIN’s with just one account to simplify taxes.

6. Save time on IRS 2290 filing Save yourself valuable time with prepaid return credits for 2290 filing fees.

7. Bulk pricing and unlimited filing options
Use bulk upload templates to upload information in an instant, and bulk pricing to save you money on highway tax 2290. With unlimited IRS 2290 filing options, it’s easy to find what you need.

Download the app for Apple or Android devices, and start IRS 2290 filing today!

Get A Sweet Deal With HVUT 2290 When You File Now And Pay Later

Did you know there’s a better way to file your Form 2290 for 2021-2022 Tax Period?

The 2021-22 Form 2290 season kicks off July 1st, but truckers who use ExpressTruckTax can now begin e-filing Form 2290 as early as Friday, May 14, 2021!

Many truckers wait until the last minute to e-file, often causing them to miss the Form 2290 due date. Missing the 2290 due date can lead to a hefty Form 2290 penalty on top of your HVUT 2290 annual fee.

The HVUT 2290 annual fee is calculated by adding:

  • The actual unloaded vehicle weight, fully equipped for service.
  • The unloaded weight of the semi-trailer or trailers, fully equipped in combination with the commercial vehicle.
  • The maximum load weight usually carried on the vehicle, and any semi-trailer(s) used.

What is Form 2290 Filing Like with ExpressTruckTax?

ExpressTruckTax customers can complete their 2290 Form 2021-22 before the start of the regular season. ExpressTruckTax gives customers the chance to file now and pay later.

A huge benefit of this is learning how much is owed in taxes and being able to save up until the HVUT 2290 due date, August 31, 2021! All you have to do to file now and pay later is choose our Pre-File option and pay your HVUT amount by check, money order, or EFTPS.

After completing the Form 2290 process online, customers have the opportunity to opt-in and receive HVUT 2290 due date reminders via email, text, and fax.

Benefits of Filing Your 2021-22 HVUT Form 2290 Now

When you file early, you are being proactive in making sure you are in the front of the line to receive your Stamped Schedule 1! We will transmit all returns filed early to the IRS as soon as they start processing returns on July 1. That means you’ll get your Schedule 1 as soon as possible.
You will also be able to make you HVUT payment any time before August 31, giving you time to save up your funds.
Additionally, by beating the busy season, our 100% US-based customer support team will be able to answer all of your questions instantly! That means no lines and no wait time.