Tag: 2290 online

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.

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!

Formularios y Plazos Importantes Que Los Camioneros Deben Saber

Al asumir la ocupación de ser un conductor de camión, hay muchas cosas a considerar, incluidos los formularios que debe presentar y cuándo y qué etiquetas necesita obtener para su camión. Las fechas y los nombres pueden ser un poco confusos, por lo que el propósito de esta útil guía es explicar el propósito de cada formulario y cuándo deben presentarse.

Formulario 2290

¿Qué es?

El Impuesto sobre el Uso de Vehículos Pesados ​​(HVUT).

¿Quién tiene que hacerlo?

Si un vehículo pesa más de 55,000 libras y viaja más de 5,000 millas en un año, entonces debe de hacer el Formulario 2290. Si el vehículo viaja menos de 5,000 millas en un año, se considera suspendido. Si el vehículo solo transporta agricultura y viaja menos de 7,500 millas en un año, también se considera suspendido. Incluso si el vehículo está suspendido, aún se debe presentar el Formulario 2290.

¿Cuándo es la fecha límite?

La fecha límite para hacer su Formulario 2290 es el 31 de Agosto de cada año, a menos que sea un fin de semana o un feriado, luego se traslada al siguiente día hábil, pero puede presentar previamente el formulario a partir de Mayo. Cuando pone su camión en la carretera por primera vez también depende de cuándo vence su 2290. Si pone su camión en la carretera en Octubre, debe presentar su Formulario 2290 a finales de Noviembre.

¿Dónde lo puede hacer?

¡Puede usar ExpressTruckTax para presentar su Formulario 2290 en solo unos sencillos pasos!

IRP

¿Qué es?

El Plan de Matrícula Internacional (IRP), que son las placas en un camión.

¿Quién tiene que presentar?

Si un camión cruza las fronteras estatales, pesa más de 26,000 libras y tiene tres o más ejes, califica para obtener el IRP.

¿Cuándo es la fecha límite?

Depende de su base de Estado/jurisdicción. Algunos estados han establecido fechas límite y en otros estados la fecha límite es el mismo mes todos los años según el mes en que se registró por primera vez.

¿Dónde renuevas tu IRP?

En su oficina local de IRP en su base de jurisdicción.

IFTA

¿Qué es?

Acuerdo Internacional de Impuestos sobre Combustibles

¿Quién tiene que presentar?

Los vehículos motorizados comerciales que viajan a través de más de una jurisdicción y compran combustible en las diferentes jurisdicciones deben presentar IFTA.

¿Cuál es el plazo?

El IFTA en realidad se presenta trimestralmente. Los trimestres son los siguientes:

Trimestre 1: 1 de enero – 31 de marzo

Trimestre 2: 1 de abril – 30 de junio

Trimestre 3: 1 de julio – 30 de septiembre

Trimestre 4: 1 de octubre – 31 de diciembre

¿Cuándo es la fecha límite?

Trimestre 1: 30 de abril (2 y 22 de mayo)

Trimestre 2: 31 de julio

Trimestre 3: 31 de octubre

Trimestre 1: 31 de enero

(Esto también depende de si los plazos caen en fin de semana o feriado se trasladará al siguiente día hábil)

¿Dónde reporta y presenta su IFTA?

TruckLogics ofrece informes IFTA por $24,95 por informe por trimestre. Puede presentar su IFTA con su jurisdicción base.

UCR

¿Qué es?

Significa Programa de Registro de Operador Unificado.

¿Quién tiene que presentar?

Los vehículos comerciales que transportan carga sobre líneas estatales o internacionales deben presentar una declaración.

¿Cuándo es la fecha límite?

El 31 de Diciembre.

Ahora que ha aprendido los diferentes tipos de formularios y etiquetas necesarios para ser un conductor de camión, anote estas fechas en su calendario o póngalas en su teléfono. Son importantes y su omisión puede dar lugar a sanciones y multas. ¡Haga su Formulario 2290 con ExpressTruckTax e informe su IFTA hoy con la opción TruckLogics IFTA Only!

Haciendo Su 2290: ¿Qué Tipo De Negocio Es Adecuado Para Usted?

La temporada de impuestos se acerca rápidamente y también lo es la fecha límite para hacer su Formulario 2290. Estos formularios a menudo hacen preguntas que pueden parecer confusas al principio. Una de las preguntas que le hacen cuando se registra para presentar es ¿bajo qué tipo de negocio está presentando? ¿Qué es un tipo de negocio y cómo sabe cuál es el adecuado para su negocio de camiones?

A continuación, encontrará una guía muy útil que explica más sobre cada tipo de negocio para determinar cuál es el mejor para usted.

Propietario único o LLC de un solo miembro

En resumen, un propietario único es el propietario único de un negocio.

S-Corporación de LLC como S-Corp

Las corporaciones S son corporaciones que eligen pasar los ingresos, pérdidas, deducciones y créditos corporativos a través de sus accionistas para propósitos de impuestos federales. Esto permite a las corporaciones S evitar la doble imposición sobre los ingresos corporativos.

C-Corporation o LLC como C-Corp

Corporación C, según la ley federal de impuestos sobre la renta de los Estados Unidos, es cualquier corporación que paga impuestos por separado de sus propietarios. A diferencia de las corporaciones C, las corporaciones S no pagan impuestos por separado.

Sociedad o LLC como Sociedad

Una sociedad es donde dos o más personas son propietarias del negocio.

Fincas

Los bienes son todo el dinero y la propiedad que posee una persona en particular, especialmente al momento de su muerte.

Fideicomisos y fiduciarios

Un fideicomiso es una relación cuando una persona tiene el título de la propiedad. Un fiduciario es una persona u organización que actúa en nombre de otra persona.

Organización Exenta

Para que una organización se considere exenta, debe ser una organización caritativa, una fundación privada u otra organización similar que esté exenta del impuesto federal sobre la renta.

¿Qué sucede si elige el tipo de negocio incorrecto?

No te preocupes, sucede, todos cometemos errores. Simplemente puede hacer clic en su nombre en la esquina superior derecha y luego hacer clic en la flecha desplegable. Luego hará clic en “Mi cuenta”, que lo llevará a una página con múltiples opciones. Desde allí, seleccione la opción titulada “Administrar empresas” haciendo clic en el icono del lápiz.

Cuando vea el nombre de la empresa que desea cambiar, haga clic en el ícono de lápiz a la derecha y lo llevará a la página que le permitirá cambiar el tipo de empresa.

Luego, en tipo de negocio, seleccione el menú desplegable y desde allí puede seleccionar el tipo de negocio que mejor describa su negocio de camiones.

Si tiene alguna pregunta, llame al 704.234.6005.

¡Haga su 2290 hoy!

Working Women Wednesday: Celebrating Women in the Trucking Industry

As you may know, March is Women’s History Month. Here at ExpressTruckTax we want to celebrate and highlight the accomplishments of women in the trucking industry. The trucking industry has been thought to be a mostly male-dominated industry, but in recent years more and more women have started trucking, some even going as far as starting their own trucking companies. 

Each week in March we will feature different women-owned trucking companies and this week we are focusing on Serita Lockley.

Serita Lockley is the owner of Lady Lockley’s Trucking LLC as well as Like Minded Links LLC, a consulting company dedicated to guiding people through the process of getting into the trucking industry and helping them succeed. According to the introduction on her website, Lockley states she is “a no-nonsense, positive professional whose first priority is always the interests of my clients; providing capability, adaptability, and scalability through consultation and mentorship.” Lockley also has started 3 other successful businesses.

Lockley has had her own trucking business, Lady Lockley’s Trucking LLC, for over 10 years. She appeared in the Amazon Prime Video docuseries “Regular Heroes”, Trucknhustle podcast episode 74, and was also featured in Out Front Magazine. 

Currently, Lockley is active on Instagram @ladylockleystrucking within the trucking industry and actively seeks to help people get their start in the trucking industry. She is one of the many women helping to pave the way for women in the trucking industry. 

Join us in celebrating many women-owned trucking companies this Women’s History Month and help us give these amazing women the recognition they deserve!

What Is ExpressGuarantee And Why Is It Important?

The time to file your Form 2290 is here, and the deadline is fast approaching! Filling out your tax return form may be a hassle, if you don’t have your correct information.

No one wants to have to file forms more than once, but if your information is incorrect or doesn’t match up, the IRS will not accept your form. 

Luckily, ExpressTruckTax will guarantee your return will be successful and you will receive your stamped Schedule 1, or your money back! We will work with you until the problem is solved!

What happens if the IRS rejects my Form 2290?

The IRS may deny or reject your Form 2290 for a variety of different reasons. If your return is rejected, ExpressTruckTax will send an email detailing the problem and explain how you can fix this error.

Once you fix the error or mistake, resubmit your Form 2290 free of charge. With ExpressTruckTax, you can resubmit your form as many times as needed without any additional charge!

What Is ExpressGuarantee?

ExpressGuarantee is the assurance that, regardless if it was rejected, ExpressTruckTax will do everything they can to get the form accepted so you can receive your stamped Schedule 1, or your money back!

No matter how many times you need to resubmit your return to the IRS, there will be no additional charge to you! ExpressTruckTax will be there to help you along the way until we get it right! 

If, for any reason, the Form 2290 is still not accepted, we guarantee we will give you the money back for filling with us- no questions asked!

Why offer Express Guarantee?

ExpressTruckTax is the leading IRS authorized E-file provider for Form 2290 with over 10 years of experience! 

We value our clients for their continued support over the years and we are willing to do everything we can to get our clients their stamped Schedule 1 as quickly and painlessly as possible!

We are confident that our expertise and care will help every single one of our clients get their tax return accepted! As a result of this, our ExpressGuarantee is offered as a way of thanking our truckers for their continued support of us and our team’s commitment to working closely with each client to help resolve all errors!

File your Form 2290 Today!

File your Form 2290 with us today and receive your stamped Schedule 1 within minutes- we guarantee it! 

The tax season is open now! Don’t wait and file your Form 2290 today! 

Start your Form 2290 here or call 704-234-6005 to get in contact with our U.S based support team, who are always happy to help you!

10 Things Truckers Need To Know About IRS Form 2290

 
Time and time again truckers filing their 2290 online tend to ask the same questions and make the same mistakes when it comes to their heavy vehicle use taxes. So let’s go over the most common questions, so they are fresh in your mind when you e-file your 2290.

1. Is my vehicle subject to the HVUT/Form 2290?

You are subject to HVUT/Form 2290 if you are registering a vehicle in your name as an owner-operator or self-employed driver, it weighs more than 55,000 pounds, and you are using it on public roads. The Heavy Vehicle Use Tax applies to both interstate and intrastate drivers.

2. If I am based in Canada or Mexico, does the HVUT apply?

Yes, if you drive your vehicle in the United States. You will need to file a 2290 Form and pay any owed taxes. You will also need to carry proof of tax compliance when entering the U.S. as well.

3. When is the Form 2290 deadline?

IRS Form 2290 returns are due on the last day of the month following your vehicle’s first month of use during the reporting period. That means if your vehicle was on the road last July the deadline for filing is August 31.

If a new vehicle goes into service during the reporting period, you will need to file an additional Form 2290 and pay the tax amount. For example, if you purchased a vehicle in November, you are required to put the vehicle in your name making its first month of use December. In this case, you will need to file an additional Form 2290, and pay owed taxes on or before December 31. This is a partial year filing and will be a reduced tax amount.

4. Can I suspend my Heavy Vehicle Use Tax?

You can apply for a suspension of the Heavy Vehicle Use Tax if you expect to drive your vehicle less than 5,000 miles during the year (7,500 miles for agricultural vehicles).

However, you are still required to file IRS Form 2290 even though you do not have a tax payment. If you do end up driving more than expected, you must file an amendment to your original 2290 and pay taxes.

5. Am I required to file my 2290 Form online?

Only if you have 25 or more qualified vehicles. If you do, the IRS does not require you to file 2290 online. However, the IRS highly encourages all taxpayers to file and pay online with an IRS-authorized e-file provider, like ExpressTruckTax.

6. How can I claim a credit?

Now is the time for you to claim any credits you earned last year. Credits can be claimed using a couple of different methods.

If you ended up driving your vehicle less than 5,000 miles (or 7,500 for agricultural vehicles) you can claim a credit. Or if your vehicle was stolen or destroyed last year, you can also claim a credit. For more information, check out this page.

7. Can I claim a refund on my IRS Form 2290?

Yes, if your credit exceeds your taxes owed on your filing, you will need to file a refund. This can be done by filing IRS Form 8849, Claim for Refund Excise Taxes.

8. What do I need to register my vehicle?

Proof of your HVUT payment is required before you register your vehicles. You will not be registered unless you can provide your stamped Schedule 1.

9. How do I pay 2990 online?

When you file 2290 online with ExpressTruckTax, you can pay via the Electronic Federal Tax Payment System (EFTPS), or by check/money order.

10. Where can I find more information about IRS Form 2290?

You can check out our blog page for more information concerning pre-filing and the upcoming 2290 season. Check out our FAQ page which answers more questions you might have about Form 2290. Or you can find more information via the IRS publication “Instructions for Form 2290.”

We Got Your Back

We understand that we are coming up on a very stressful time for the trucking industry, but we will be there every step of the way. We will continue to supply you with up-to-date information about the IRS Form 2290 deadline.

ExpressTruckTax is a trusted IRS-authorized e-file provider with a simplified step-by-step filing process. We also offer 24/7 support in both English and Spanish to answer any of your questions.