Tag: Form 2290 E-file provider

Guide to Understanding IRS 2290 Payment

Posted on November 15, 2023 by - Uncategorized

IRS 2290 payment is a vital part of tax season for commercial truckers. Sometimes called the Heavy Highway Vehicle Use Tax, IRS Form 2290 assesses heavy vehicle taxes for vehicles that regularly operate on public highways. It ensures that truckers who regularly use highways within a given year must contribute to their upkeep and maintenance. 

IRS Form 2290 payment applies to all highway motor vehicles whose taxable gross weight is at least 55,000 lbs. It must be paid by anyone with such a vehicle registered in their name, whether an individual or organization. Failure to pay the tax can result in penalties of 4.5% of the total amount due or more as time goes on.

IRS Form 2290 Payment: A Detailed Look

If you’re new to the 2290 IRS payment or simply want a refresher, you’ve come to the right place. Below, we’ll go through IRS Form 2290, section by section. To file manually, follow these steps.

  1. Fill out your name, address, and employer identification number (EIN). 
  2. Check the appropriate box if you’re filing an address change, amended return, VIN correction, or final return. 
  3. Part I Figuring the tax: Start by computing your taxes on Page 2 of the form. Then, fill out Part I.
    1. a. Line 1 is the month for which you are filing. 
    2. b. Line 2 is the total you reached on Page 2, Column 4.
    3. c. Line 3 is for any additional taxes due to a change in taxable gross weight. If any of your vehicles fall into a new category due to increased maximum load, instructions for Line 3 are available on the IRS website.
    4. d. Line 4 is the total tax, found by adding lines 2 and 3. 
    5. e. Line 5 is where you can claim any credits due to you. If doing so, you must attach documentation to support your claim. 
    6. f. Line 6 is the balance due, calculated by subtracting Line 5 from Line 4. 
    7. g. Check the appropriate box on Line 6 stating whether payment is through EFTPS or a credit or debit card.
  4. Part 2 Statement in Support of Suspension: Check the appropriate boxes if applicable.
    1. Line 7 claims tax suspension based on the miles your vehicles will travel on public highways during the period.
    2. Line 8a declares your vehicles are not subject to the tax, except those listed. Line 8b is a space to record the VINs of any vehicles that no longer meet the parameters for suspension. Attach an extra page if needed.
    3. Line 9 declares any vehicles listed as suspended during the prior year that have since been sold or transferred. Include the details for these vehicles, including VINs, new owners, and date of sale. Again, attach an extra sheet if needed.
  5. List any third party you want to designate as a contact point for the IRS. 
  6. Sign the form, date it, print your name below your signature, and include your contact phone number.
  7. The last section is for the use of paid tax professionals. If this is not you, leave this portion of the form blank.

Once you’ve filled out the main form, move on to Schedule 1. There, you’ll fill out your basic information (name, address, EIN), the month of first use, and the VIN and category for each vehicle you’re reporting. Below, list the total number of vehicles reported, the number of vehicles for which this tax is suspended, then subtract suspended vehicles from reported vehicles. 

Sign and date Schedule 1 on the page titled “Consent to Disclosure of Tax Information” and include your printed name and EIN. Finally, fill out the payment voucher (Form 2290-V) with details of your payment, detach it, and send it to the IRS along with your IRS gov payments 2290 and documentation.

How to Make Your IRS 2290 Online Payment

If the above seems like a lot of work and too much paperwork for you, we have good news: you can also file your IRS 2290 payment online. By doing so, you’ll get your stamped Schedule 1 much quicker, allowing you to register your vehicles without a lengthy wait for the mail. 

To file your 2290 IRS payment online, you’ll need to first gather some information. Have your company’s information at hand, including your EIN. Next, gather the information for each of your vehicles including VIN and miles driven. 

Next, be sure you have your payment information ready. If you’re filing online, you’ll need to do so with the help of a third party. This means you’ll need to pay your taxes due as well as a small fee for online processing. This fee is typically a small price to pay for faster, simpler tax preparation and a quicker Schedule 1 turnaround time.

When choosing a third party to file your taxes, it’s important to consider the options available. Some offer only the simplest of services, while others offer features that will ensure accurate filing and fast processing. Sites like expresstrucktax.com offer money-back guarantees, a VIN checker, VIN corrections, and full support for any questions or problems you may encounter. 

Troubleshooting Your IRS 2290 Payment Online

There are a few common issues you might run into while making your 2290 payment online. These include:

  • Employer identification number and business name do not match
  • Banking details are entered incorrectly
  • Duplicate VINs 
  • Duplicate Form 2290 online filing

If the IRS rejects your Form 2290 for any reason, you will receive an email explanation of the rejection. This email will also include instructions for correcting your errors. Be sure to make the prescribed corrections efficiently so you don’t incur penalties for late or missed filing. 

IRS Gov Payments 2290: Additional Information and Resources

The IRS has a number of helpful resources you can review to ensure you’re correctly filing your truck taxes. 

FAQs on 2290 IRS Payments

What is the IRS 2290 payment?

IRS Form 2290 is also called the Heavy Highway Vehicle Use Tax. It’s a tax on heavy vehicles that regularly use the nation’s public highways. 

How to make the IRS 2290 payment online?

To pay your Form 2290 taxes online, you’ll need an intermediary. Select a site such as ExpressTruckTax to help you with your filing. Through such sites, you can typically pay your taxes via credit card, debit card, or electronic funds transfer. 

Why is the IRS 2290 payment necessary?

Anyone regularly operating a heavy vehicle (of at least 55,000 lbs.) on US highways must file IRS Form 2290. Once the form is accepted by the IRS, you’ll receive the stamped Schedule 1 you’ll need to register your vehicles in most states. Failure to file means hefty penalties of 4.5% of the amount due and more as time goes on. 

Who should make the IRS 2290 payment?

Any individual or company who has a heavy vehicle (weighing 55,000 lbs. or more) that regularly drives on public highways registered in their name must file an IRS Form 2290. 

How to troubleshoot issues with the IRS 2290 online payment?

If there are any problems with your IRS Form 2290, you’ll receive an email from the IRS stating that it has been rejected and why. This email will also give you instructions on how to remedy the problems so that you can refile your Form 2290.

Enter For Your Chance To Win A BlueParrott Bluetooth Headset! (Closed)

Posted on May 1, 2023 by - ExpressTruckTax giveaway

Rev up your summer with the official ExpressTruckTax pre-filing giveaway! Simply file your 2023-24 Form 2290 by May 31, 2023, and you’ll automatically be entered to win a BlueParrott B450-XT Noise Canceling Bluetooth Headset! 

As the market-leading Form 2290 e-file provider, ExpressTruckTax has been the go-to solution for trucking companies for the past decade. And now, on top of all the benefits you’ll get from choosing us, you’ll also have the chance to score some great freebies!

On June 1st, 2023, we’ll announce the lucky winner live on Facebook. So don’t wait – take advantage of this amazing opportunity to rev up your summer with a brand-new Bluetooth headset!

Load up and hit the road with ExpressTruckTax today!

RULES & REGULATIONS

You must transmit a 2023-24 Form 2290 by midnight on May 31st, 2023 to enter to win.

By entering an ExpressTruckTax Giveaway (each, a “Sweepstakes”), you will be bound by these Terms & Conditions and you acknowledge that you satisfy all eligibility requirements. “ExpressTruckTax” means Span Enterprises LLC or any of its affiliates.

Eligibility 

Open to individual legal residents of the 50 United States or the District of Columbia who have an ExpressTruckTax account and are 18 years of age or the legal age of majority in their state of residence prior to the date of entry. Employees of ExpressTruckTax, its affiliates, and their immediate family members are not eligible to participate.

Prize(s) and Winner Selection Method

ExpressTruckTax will award a prize to one or more individuals who file their 2023-24 Form 2290 on ExpressTruckTax.com between 5/1/2023-5/31/2023. Potential winner(s) will be selected at random from among all eligible entries received. The odds of winning depend on the number of eligible entries received. If you are a winner, an e-mail notification will be sent to you.

You must have an ExpressTruckTax account and have filed a 2023-24 Form 2290 before May 31, 2023, in order to enter or receive a prize. Limit one entry per person and household using only one ExpressTruckTax.com account per Sweepstakes. Prize(s) will be fulfilled by the Sponsor. Prize(s) will be delivered by ExpressTruckTax.com.

Each prize will be awarded “as is” and without warranty of any kind, express or implied (including, without limitation, any implied warranty of merchantability or fitness for a particular purpose). If you win a prize, you may not transfer, assign, or redeem the prize for cash. ExpressTruckTax may substitute a prize with a prize of equal or greater value.

How to Enter. You will automatically be entered to win a prize when you transmit a 2023-24 Form 2290 before May 31, 2023.  If you do not wish to automatically be entered into the sweepstakes, you must notify us by email at support@expresstrucktax.com. If you choose to promote your entry (including that you filed your Form 2290) via social media or other channels, you should disclose your connection to the Sweepstakes. For example, it may be sufficient to include a statement such as #ExpressTruckTaxGiveaway.

This giveaway is not associated with Facebook.com or Twitter.com.

Other Sweepstakes. Additional Terms. Sponsor, together with ExpressTruckTax, reserves the right to modify or cancel a Sweepstakes at any time. Sponsor and ExpressTruckTax and its affiliates are not responsible for: (a) lost, misdirected, late, or incomplete entries or for inaccurate entry information; (b) any operation or transmission error, theft, unauthorized access to, or alteration of, entries; or (c) damage to any computer or device resulting from downloading Sweepstakes materials. Sponsor, together with ExpressTruckTax, may disqualify any individual found to be: (x) tampering with a Sweepstakes; (y) violating these Terms & Conditions; or (z) acting in an unsportsmanlike or disruptive manner or with intent to threaten or harass any person. Incomplete and robotic, automatic, programmed or similar entries will be disqualified. The authorized subscriber of the account used to enter a Sweepstakes at the actual time of entry will be deemed to be the participant and must comply with these Terms & Conditions in the event of a dispute as to entries submitted by multiple users having the same e-mail account.

If any errors occur in the selection of a potential winner, or if more prizes are claimed than specified, Sponsor or ExpressTruckTax may award the prize(s) by random drawing from among all eligible claimants. All prizes made available for a Sweepstakes may not be awarded in the event Sponsor or ExpressTruckTax does not receive a sufficient number of qualified and eligible entries for an applicable Sweepstakes.

Miscellaneous. Each Sweepstakes is governed by the laws of the United States. By entering a Sweepstakes, you agree (for yourself and your heirs) that Sponsor, ExpressTruckTax, and each of their respective affiliates and agents, and any entity involved in any aspect of the Sweepstakes (all aforementioned parties are collective, the “Released Parties”) will have no liability, and will be held harmless from and against liability, loss, injury or damage to property or person, including death, and reasonable attorney’s fees and court costs, due in whole or in part, directly or indirectly, by reason of the acceptance, possession, use or misuse of a prize or participation in the Sweepstakes, even if caused or contributed to by the negligence of any of the Released Parties.

Who Needs To File Form 2290?

Posted on April 13, 2023 by - Form 2290 requirements

This is just a quick video. Don’t scroll, don’t go away. Stick with me for like five seconds. A 2290 is an IRS Federal Form that you have to file once a year. It’s an annual tax form. If your truck is over 55,000 pounds, you have to file. The maximum weight it goes up to is over 75,000, which means if you drive an 80,000-85,000, you’re still required to file 2290. 

The easiest way to file your 2290 is to go to ExpressTruckTax.com. We are the market-leading e-file provider for the Form 2290. Create an account. It’s free to create an account. You enter in your business details, your truck details. 

You can file for one truck, you can file for a billion trucks in the same account. You can add one business, you can add multiple businesses, it just depends on you and your setup. If you are a service provider, you can add multiple businesses. If you’re a CPA or if you work at a trucking company and you have company-owned trucks, all of the above can be filed through ExpressTruckTax. 

Then you’re going to choose how you want to pay the IRS. This goes directly from the taxpayer to the IRS. It does not swing through us, nothing like that. So you pick how you want to pay the IRS. You send it to the IRS, you file your 2290. So once you get done entering in the information, you transmit the return to the IRS. 

Within about five to ten minutes, you’re going to get notification that your 2290 has been accepted. Sometimes it’s been rejected and we’ll make another video about that, but you get notifications. You can choose to get a text notification. We know that you guys are busy, so once you get done, you can choose text notification and you’ll receive a text, your 2290 is ready. So, so simple. 

So you file your 2290, you get your – it’s called a stamped Schedule One – and that’s basically like your receipt. Like if you go to Publix and you check out and you get your receipt, your stamped Schedule One is your receipt. That is what you need to renew your plates. That’s what your company needs if you’re leased on with the company. That is the form that they want. They want to see that stamped Schedule One so that they can renew the plates when it comes time. So that’s the gold nugget right there, is that stamped Schedule One. 

You’ll get that in your email within about five to ten minutes. If you get a text notification, you’ll be notified. We also offer postal mailing. This is cool because we use a SOC-2 certified company. They mail out that stamped Schedule One to you. It’s calibrated so that everything is perfect on there. You won’t have any problems when you go to the DMV to renew your plates, and that’s why we offer that postal mail. So if you choose that, that will be mailed to your address. You’ll get that, you’ll be able to take that to renew your plates. Also, it’s good to keep one in the cab of your truck as well. If you get pulled over, dot any of those things, it’s good to be able to show them that you have a current stamped Schedule One right there in your truck. 

The tax year begins July 1st, and you must file by August 31st. So there’s a two-month little window there that, regardless of when your plates expire, we get this all the time, “Well, my plates don’t expire until February.” That’s great, but your 2290 is still due in July. 

Again, ExpressTruckTax, go sign up for a free account and go ahead and enter your information so that come July when it’s time to file, you get those notifications. You come, you file, you’re done until next year. Alright, if you have any questions, please reach out. We’re here Monday through Friday, 8:30 to 5:30 p.m. Eastern.

And um, again, that is one of the things that sets ExpressTruckTax apart, is our full customer support in English and in Spanish. And so if you do have questions about 2290, IRP, IFTA permits, I don’t care what it is, we’re here and we’re ready to help you. So um, 704-234-6005 or Support@ExpressTruckTax.com.

Simplify Form 2290 for your Drivers by Partnering with ExpressTruckTax

Posted on March 29, 2023 by - e-fiile form 2290, owner operator, Partners

Attention trucking companies big and small! Are you looking for a solution that allows your owner-operators to easily file their Form 2290? Do you want your owner-operators’ Stamped Schedule 1 sent directly to you? Look no further than ExpressTruckTax. ExpressTruckTax has helped over 300 trucking companies create personalized portals for their owner-operators to file their Form 2290. Keep reading to find out how your company can partner with ExpressTruckTax and have a Form 2290 filing portal that your owner-operators can file their Form 2290 through.

What is Form 2290?

Form 2290 is an IRS tax form that must be filed by drivers of vehicles weighing 55,000 pounds or more annually for the Heavy Vehicle Use Tax. Upon filing Form 2290, drivers will receive a Stamped Schedule 1 needed to obtain a vehicle’s tags and registration. It is also essential for drivers to keep an updated copy of their Stamped Schedule 1 in their trucks in case they get pulled over. The Stamped Schedule 1 serves as proof of filing Form 2290. 

How can ExpressTruckTax help Carriers and Associations?

Trucking companies that have any number of owner-operators struggle to have their drivers file and send them their Stamped Schedule 1 in order to stay compliant with the IRS and renew vehicle plates. Getting each driver to send in their Stamped Schedule 1 can be a challenging task, especially with numerous owner-operators. 

In order to simplify the process, ExpressTruckTax offers specialized portals for each carrier. These portals are free to the carrier. Simply share the link with your owner-operators and once they file through the portal, their Stamped Schedule 1 will be sent to the company they drive for. The portal will feature the company’s logo and the URL name will match the name in the carrier’s URL followed by 2290.

Does this sound like something you would be interested in? If so contact support@expresstrucktax.com or call 704.234.6005 today!

Why Truckers Love ExpressTruckTax?

Posted on February 17, 2023 by - e-fiile form 2290, e-file form 2290 now, E-file form 2290 today

Valentine’s day was just a few days ago but that doesn’t mean love is no longer in the air. ExpressTruckTax is here to provide an easy and stress-free Form 2290 e-filing experience with a multitude of amazing features that you will fall in love with! 

Quick and Easy Filing

If you drive a truck weighing 55,000 pounds or more you are required to file Form 2290. If your primary occupation involves driving a truck, there is a good chance that a lot of your time is spent behind the wheel. This leaves little time for other things, especially filing tax forms. At ExpressTruckTax we know filing forms is probably something you don’t look forward to because it can take a long time to complete the filing process. Rest assured, however, with ExpressTruckTax, the entire Form 2290 e-filing process takes only a few minutes to complete. This way you can get back on the road as soon as possible. 

Receive Your Stamped Schedule 1 in Minutes

Once you file with ExpressTruckTax and your Form 2290 is accepted by the IRS, you will receive your Stamped Schedule 1 within minutes. Having a Stamped Schedule 1 is important because it allows you to get the tags and vehicle registration for a vehicle of a qualifying weight. 

Carrier Notification

If you are required to send your Stamped Schedule 1 to your carrier once you file, why go through the trouble of sending it to them yourself? ExpressTruckTax gives you the option to send it directly to your carrier after e-filing so you don’t have to. Simply select your carrier from a list of carriers upon filing. If you do not see your carrier, you are able to enter the email address where you want your Schedule 1 sent. You can also opt-in to have your schedule 1 faxed to your carrier for an additional cost. 

Bulk Upload

Need to file for multiple trucks? With the bulk upload feature, you can use our excel template to easily enter and upload your trucks into ExpressTruckTax and file for all of them at the same time instead of entering the data for them into ExpressTruckTax individually. 

Ready Return

Have you filed a return with ExpressTruckTax before and need to file again? If your vehicle and business information is the same, you are able to utilize the ready-return feature. This allows you to have an already filled-out Form 2290 using the information from your previous filing. Simply check and make sure all of the information is still correct and up to date and then transmit your form. 

Amendments and Form 8849

Have you made a mistake on your Form 2290 and need to correct it? ExpressTruckTax lets you file Form 2290 Amendments quickly and easily. If you entered an incorrect VIN in your form and it is only off by a few characters you can file a Form 2290 VIN correction amendment. If you filed your original return with ExpressTruckTax, you can submit a VIN correction amendment at no additional cost. However, if you entered your VIN incorrectly by more than just a few characters, or the entire VIN is incorrect, you will have to file a new Form 2290 with the correct VIN and then a Form 8849 to request a refund for the tax amount paid on the original Form 2290. 

If your vehicle weighing 55,000 pounds or more travels 5,000 miles or less in a year, or 7,500 miles or less if it is used for agricultural purposes, your vehicle is considered suspended by the IRS. You still have to file Form 2290 for this vehicle if this is the case, but no tax will be owed. If you end up filing the vehicle as suspended and it ends up exceeding the mileage limit, you must file a Form 2290 mileage exceeded amendment. You will then have to pay the tax amount for the full tax year to the IRS. If you file Form 2290 and pay the tax but don’t end up exceeding the mileage limit, you will have to file Form 8849 to get a refund for the tax amount paid.

If the weight of your vehicle increases or the weight was filed incorrectly, you will have to file a Form 2290 weight increase amendment and pay the tax amount that is owed to the IRS.

All of this may sound complicated, but ExpressTruckTax makes filing Form 2290 Amendments and Form 8849 fast and easy.

Free Mobile App

To make things even easier for truckers on the go, ExpressTruckTax has a convenient mobile app that allows you to E-file Form 2290 from anywhere. 

Pay your tax directly through ExpressTruckTax

If you want to pay your Heavy Vehicle Use Tax at the same time as filing your Form 2290, now you can with ExpressTruckTax. You can pay your Heavy Vehicle Use Tax alongside your filing fee so that you do not forget to pay your tax later.

What are you waiting for?

Now you see why truckers love to file with ExpressTruckTax. We offer some pretty amazing features to make the entire Form 2290 filing process fast and stress-free! What are you waiting for? File Form 2290 with ExpressTruckTax today!

FAQ Friday: Form 2290 and EINs

Posted on February 17, 2023 by - EIN, EIN Information, EIN Number, Getting EIN, IRS EIN

What is Form 2290?

Form 2290 is an IRS tax form that must be filed annually for vehicles weighing 55,000 pounds or more for the Heavy Vehicle Use Tax. 

What is an EIN?

EIN stands for Employer Identification Number. It is a unique nine-digit number that the IRS assigns to businesses operating in the United States for the purpose of identification and keeping track of business tax records.  

Do you need an EIN to e-file Form 2290?

In order to e-file Form 2290, you need to provide your EIN number. You are unable to e-file Form 2290 with an SSN (Social Security Number).

What should you do if you do not have an EIN?

If you do not have an EIN number and need to e-file Form 2290 you are able to apply for one online or over the phone by contacting the IRS. Once the IRS processes your request, you will receive your EIN. Please note that since the COVID-19 pandemic, it may take up to 2 to 4 weeks for your EIN to become active in the IRS e-filing system. You are also able to apply for an EIN by contacting our sister product TSNAmerica over the phone at 877-520-8640. The IRS will reject your Form 2290 if your EIN doesn’t match IRS records or if it is not yet active in the e-filing system. If your Form 2290 is rejected because your EIN is new, you are able to retransmit your Form 2290 once a day until it is accepted at no additional cost. 

What if you have multiple EINs?

Each business is assigned one EIN number. Make sure to check the documents provided by the IRS when you applied for your EIN in order to find the correct EIN that corresponds with the business you are filing for. If your EIN is wrong, your Form 2290 will be rejected by the IRS.

What if you e-filed Form 2290 with the wrong EIN?

If you e-file Form 2290 and make any mistakes when entering your EIN, the IRS will reject your return. You can then retransmit your EIN with the correct EIN. If you handle multiple businesses however and use the EIN for a different business by mistake, there is a chance the IRS will not reject your Form 2290. In this case, you will need to e-file a new Form 2290 with the correct EIN and then e-file Form 8849. You will need to provide a detailed explanation as to why you are filing Form 8849 so that you can get a refund for the original filing.

Why e-file with ExpressTax?

ExpressTruckTax is an easy-to-use Form 2290 IRS-approved e-file provider. You are able to e-file your Form 2290 in just a few minutes by providing your EIN, VIN (Vehicle Identification Number), credit vehicles you plan to claim if any, and your payment information. You are also able to pay your Heavy Vehicle Use Tax directly alongside your filing fee with ExpressTruckTax. ExpressTruckTax is here to help if you have any questions about your filing and if you need a new EIN, don’t hesitate to contact our sister company TSNAmerica. What are you waiting for? E-file your Form 2290 with ExpressTruckTax now for a stress-free and easy filing experience! 

FAQ Friday: Tax Professionals and Form 2290

Posted on February 10, 2023 by - Form 2290 for Tax Professionals, Tax Professional, Tax professionals

Are you a tax professional that needs to file Form 2290 for clients or businesses? If so, it is always important to know what you are doing and what is needed before you start filing Form 2290. Below you will find useful information that will help answer any questions you may have in regard to the Form 2290 filing process. 

What is Form 2290?

Form 2290 must be filed for vehicles weighing 55,000 pounds or more to the IRS for the Heavy Vehicle Use Tax. Drivers can file this form themselves though it can also be filed by tax professionals. The tax year for Form 2290 is from July 1st to June 30th of the following year. 

When is Form 2290 due?

The deadline to file Form 2290 is August 31st for vehicles that have been on the road for a year or more or are being put on the road for the first time in July. If the vehicle has been on the road for less than a year the month it is put on the road for the first time is known as the vehicle’s First Used Month (FUM). Form 2290 needs to be filed by the last day of the month following the vehicle’s First Used Month and the tax amount due will be a prorated amount for the remaining months in the tax year. 

What is Form 8453-EX?

The technical term for Form 8453-EX is “Excise Tax Declaration for an IRS e-file Return”, which is a declaration by the taxpayer to authenticate an electronic Form 2290 and authorize a service provider to transmit your return using a third-party transmitter. If a paid tax preparer e-files a client’s tax return, this form needs to be filed and signed to allow the paid preparer to file the tax return on the taxpayer’s behalf. ExpressTruckTax allows Form 8453-EX to be sent directly from ExpressTruckTax to the client in order to get it signed electronically. 

What if Tax Professionals have to file returns for multiple businesses?

When you file with ExpressTruckTax, you are able to utilize the bulk upload feature for users to add multiple businesses at a time. Filing for each business individually can take a long time, and in order to save you time, ExpressTruckTax allows you to upload multiple businesses at once by following the steps below:

  1. Create an account with ExpressTruckTax or log into your existing account.
  2. Click “Bulk Upload businesses”.
  3. Download the ExpressTruckTax excel template and save it. 
  4. Edit the document and begin entering the information for each business you need to file for. 
  5. Make sure you do not change the name of the file of the column headers. 
  6. Once you have entered all of the information for each business in the template, upload the document into your ExpressTruckTax account to start filing for multiple businesses within your account. 

If you need the multiple business bulk upload template, click here. 

How can ExpressTruckTax help Tax Professionals file Form 2290?

ExpressTruckTax offers a multitude of convenient options to help tax professionals e-file Form 2290. These options are designed to help save you time regardless if you are a new or returning user. New and returning users have the option to bulk-upload business and vehicle information. If there are no credit vehicles being reported for businesses you are filing for, you are able to take advantage of the Express Filing option, which presents vehicle details and payment options all on a single page. If you do need to report credit vehicles, you are able to select “Multiple Vehicles” under “Start New Return” to report any vehicles whether they are taxable, suspended, credit, or prior year suspended. These credits, if any, can be deducted from the total tax owed. If you are a returning user that has had IRS accepted returns for a business in previous filings, you are able to copy the vehicle details when filing for the current tax year. ExpressTruckTax also offers Form 2848 (Power of Attorney) to clients who are tax professionals. 

Are you a tax professional and need to file Form 2290 for clients or businesses this tax year? Look no further than ExpressTruckTax. You will get access to a number of helpful features and are even able to purchase filing credits at a discounted rate for multiple filings. What are you waiting for? File your client’s Form 2290 with ExpressTruckTax today.

FAQ Friday: Do you need Form 2290 to register your vehicle?

Posted on February 3, 2023 by - e-fiile form 2290, E-File Form 2290 Return, E-file form 2290 today

Do you need Form 2290 to register your vehicle?

It is important that you file Form 2290 for vehicles weighing 55,000 pounds or more in order for it to be registered. By filing Form 2290, you will receive a Stamped Schedule 1 upon its acceptance. This will serve as proof of filing Form 2290 for the Heavy Vehicle Use Tax (HVUT) and needs to be presented in order to receive the registration and tags for the vehicle. When filing Form 2290 there are some important factors to consider so that you do not receive fines.

Taxable Gross Weight

When filing Form 2290, you must indicate a vehicle’s Taxable Gross Weight. A vehicle’s taxable gross weight is the weight of the truck, the trailer, and the maximum weight of the load it can carry. A vehicle’s weight classification affects the amount of tax owed for the vehicle. If the wrong weight class is reported on Form 2290 and you are found to have reported the wrong weight, this may result in fines for failing to provide correct information on your vehicle especially if the amount you pay ends up being less than what is actually owed for the vehicle’s correct weight class. If you file for the wrong weight class, ExpressTruckTax offers convenient ways for resolving this type of mistake. If the weight is actually more than was reported you must file a weight increase amendment. If the weight of the vehicle is less than what was reported, you can file Form 8849 to get a refund on the form and then file a new Form 2290 for the correct weight. 

Is your vehicle suspended?

Does your vehicle weigh 55,000 pounds or more and drive less than 5,000 miles in a year? If it is used for agricultural purposes, does it drive less than 7,500 miles a year? If you answered yes to either of these questions, then your vehicle is considered suspended by the IRS. If your vehicle is suspended, you still have to file Form 2290 but no tax will be owed for this vehicle. If you file your Form 2290 and report your vehicle as suspended and it ends up going over the mileage limit, and you are caught, this could result in fines. In order to fix this you can file a mileage exceeded amendment with ExpressTruckTax and pay the tax owed for the full tax year. If you file Form 2290 and pay the tax for the full tax year but you end up not exceeding the mileage limit, you can file Form 8849 to receive a refund for the tax amount paid. 

Filing by the deadline

Filing Form 2290 late can result in fines and if you are caught not having filed Form 2290 by the deadline you will be fined and need to file the form. If your vehicle has been on the road for a year or more or you are putting it on the road for the first time in July, the deadline to file Form 2290 is August 31st. If you are putting a vehicle on the road for the first time during any other month in the year, the deadline to file Form 2290 will be the last day of the month following your vehicle’s First Used Month. Failing to file by the deadline will result in fines and you will not be able to obtain the tags or registration for your vehicle. 

Why File with ExpressTruckTax?

If you are worried about getting the registration for your vehicle, don’t be. ExpressTruckTax makes the entire Form 2290 filing process a breeze. It will only take you a few minutes to complete the filing, and once the IRS accepts your form you will receive your Stamped Schedule 1. You will need to provide your business information including your Employer Identification Number (EIN), vehicle identification number (VIN), credit vehicles you are claiming if any, and payment information. You are able to pay using a check or money order, EFTPS, Electronic Funds Withdrawal (EFW), or a credit or debit card through either a third-party payment processor or directly through ExpressTruckTax alongside your filing fee. If this all sounds easy, it is. Hurry and file your Form 2290 with ExpressTruckTax today so that you can get your Stamped Schedule 1 as soon as possible!

File Form 2290 for First Used Month of December before January 31st

Posted on January 27, 2023 by - E-File Form 2290. Form 2290 deadline, First Used month, Form 2290 Deadline

Did you purchase or put a vehicle weighing 55,000 pounds or more on the road for the first time in December of 2022? If this is the case your vehicle has a First Used Month of December. A vehicle’s First Used Month, or FUM, is the month a vehicle is put on the road for the first time. This determines when Form 2290 for the Heavy Vehicle Use Tax (HVUT) needs to be filed for this vehicle. The deadline to file Form 2290 is the last day of the month following the vehicle’s First Used Month. The deadline to file Form 2290 for vehicles weighing 55,000 pounds or more that have a First Used Month of December is January 31, 2023. 

January 31, 2023, is only a few days away. In order to make sure that you are on time with your filing and your payment, ExpressTruckTax strives to make the Form 2290 filing process as simple and straightforward as possible. In order to file, you will need to provide your business information. This includes your Employer Identification Number (EIN) and business name. You will also need to provide information about your vehicle. Your vehicle’s Vehicle Identification Number (VIN) will need to be entered as well as the vehicle’s weight class. Do you have any credit vehicles that you need to claim on your Form 2290? This includes vehicles that the taxes have been paid for previously and the vehicle was either sold, stolen, or destroyed.

To make things even easier, ExpressTruckTax also offers several convenient payment options for paying the Heavy Vehicle Use Tax for your vehicle. You are able to send in payment via check or money order if you are not ready to pay the tax right away. This payment will be withdrawn from your account once the IRS receives it. You can also choose to pay through EFTPS and schedule when the IRS takes the payment. Choosing this payment option requires you to have an EFTPS account. If you do not have one, it may take up to fifteen days to become active. 

If you want the payment to be more immediate, you can choose Electronic Funds Withdrawal (EFW) as your payment method. You will enter your banking information including your account number and routing number directly onto your Form 2290 and once the form is accepted, the funds will be withdrawn from your account in 1-2 business days. You also have the option to pay your Heavy Vehicle Use Tax via credit or debit card. You can either choose to pay through a third-party IRS-approved credit card processor or make your credit card payment directly from ExpressTruckTax alongside your filing fee. 

Whatever option you choose, ExpressTruckTax strives to be easy and convenient for you. Once your Form 2290 is approved by the IRS, you will receive your Stamped Schedule 1 in minutes. The Stamped Schedule 1 is required when you need to obtain the tags and registration for your vehicle. You are running out of time to file Form 2290 if your vehicle’s First Used Month is December. What are you waiting for? Avoid getting late fined and get your filing finished in only a few minutes with ExpressTruckTax today!

FAQ Friday: Privately Purchased Vehicles and Form 2290

Posted on January 20, 2023 by - Benefits of e-filing Form 2290, Best Form 2290 service provider, e-fiile form 2290

What is considered a privately purchased vehicle?

A privately purchased vehicle is a vehicle that has been purchased from a private seller and not a dealership, an auto auction, or leased from a carrier or leasing company.

Privately Purchased Vehicles and Form 2290

Buying a Privately Owned Vehicle

If you purchase a vehicle weighing 55,000 pounds or more you must file Form 2290 for the Heavy Vehicle Use tax for this vehicle. If the First Used Month of your vehicle is during the month of the sale, your total Heavy Vehicle Use Tax for the vehicle will not include the tax for the month of the sale. If this is the case, the deadline to file Form 2290 will remain the same. 

The First Used Month of a vehicle refers to the month in which the vehicle was put on the road for the first time. You have until the last day of the following month to pay your Heavy Vehicle Use Tax. When you purchase a privately owned vehicle, the same rules apply except the amount of taxes you will pay will not include the First Used Month. For example, if you purchase a vehicle of a qualifying weight in January and start operating it in January, your Heavy vehicle use tax will not include tax for January, and the deadline to file Form 2290 will be the last day of February.

Selling a Privately Owned Vehicle

If you sell a privately owned vehicle, you can claim a credit for this vehicle next time you file Form 2290 for a different vehicle. If you are not planning to file Form 2290 for a different vehicle it is recommended that you file Form 8849. Provide all of the details of the sale so that you can get a refund for the remaining months in the tax year that you did not own the vehicle. 

Why File Form 2290 With ExpressTruckTax

Whether you are purchasing a privately owned vehicle or selling one, ExpressTruckTax makes it easy to File Form 2290 or Form 8849 no matter the situation. Simply enter your business information, your vehicle information, the credit vehicles you are claiming if any, and your payment information. ExpressTruckTax offers several convenient payment methods for paying the Heavy Vehicle Use Tax. What are you waiting for? File Form 2290 or Form 8849 with ExpressTruckTax for the most user-friendly experience out there!