Tag: Form 2290

FAQ Friday: What are text or fax alerts in ExpressTruckTax?

Posted on November 11, 2022 by - 2290 FAQ's, FAQ's, FAQ's to e-file 2290

What is Form 2290?

Form 2290 has to be filed by drivers of vehicles weighing 55,000 pounds or more for the Heavy Vehicle Use Tax. 

How can ExpressTruckTax help file Form 2290?

ExpressTruckTax is a leading Form 2290 e-file provider. It allows drivers that are required to file Form 2290, file the form in just a few minutes by following a few easy-to-follow steps. Once you file you will receive your Stamped Schedule 1 in minutes.

What is the Stamped Schedule 1?

A Stamped Schedule 1 serves as proof of filing form 2290. It is sent to you as soon as the IRS accepts your Form 2290. It will be sent to you and the company you drive for if applicable, via email when it is ready. The Stamped Schedule 1 is required in order to get tags or the registration for the vehicle.

What are the benefits of text alerts?

Do you want to be notified as soon as the IRS accepts your Form 2290? You can opt-in to receive a text message to alert you as soon as the IRS accepts your Form 2290. This will give you peace of mind and let you know that it was in fact accepted and that the Schedule 1 has been stamped before you receive it in your email.

What are the benefits of fax alerts?

When filing Form 2290 with ExpressTruckTax you also have the option to opt-in to receive your Schedule 1 faxed to you or your carrier. This option is helpful especially if your carrier wants a physical copy of your Stamped Schedule 1 sent to them.  You will find this option along with the option to receive a text alert, on the “Our Fees” page. 

What are the benefits of having your Stamped Schedule 1 mailed to you?

Aside from getting text or fax alerts, you also have the option to have a physical copy of your Stamped Schedule 1 mailed to your home address. This can be helpful if you want a physical copy of the Stamped Schedule 1 to keep in your truck but don’t have access to a printer. It is also recommended that you get a copy mailed to you if you print it out and the stamp on the Schedule 1 is not very visible. The mailed copy will have the stamp more visible.

Why file with ExpressTruckTax?

Filing Form 2290 with ExpressTruckTax is easy and simple. Once you transmit your form to the IRS you will receive your Stamped Schedule 1 in minutes but also have plenty of helpful ways for receiving alerts that your Form 2290 has been accepted as well as receiving the Stamped Schedule 1. What are you waiting for? File Form 2290 with ExpressTruckTax and take advantage of these awesome features today!

Don’t Ghost the IRS, File Form 2290 Or You’ll Be the One Getting Haunted

Posted on October 31, 2022 by - e-fiile form 2290, E-file a form 2290, E-file form 2290

Form 2290 is an IRS tax form that has to be filed annually by drivers of vehicles weighing 55,000 pounds or more. The Form 2290 tax year goes from July 1st to June 30th of the following year. The tax is typically due to be filed and paid on August 31st. If you put a truck on the road for the first time in a month other than July however, you will pay a prorated amount for the vehicle for months remaining in the tax year. A vehicle’s first used month is the month the vehicle was put on the road for the first time. The tax is due on the last day of the following month. If you put a truck on the road for the first time in September, the deadline to file Form 2290 is today October 31st, Halloween.

By filing Form 2290, you will receive a Stamped Schedule 1 as soon as your Form 2290 has been accepted. The Stamped Schedule 1 serves as proof of filing Form 2290 and is needed when getting the tags and registration for the vehicle. To make sure that your vehicle is filed on time and that you will not be penalized for filing or paying your tax late, ExpressTruckTax provides a fast and easy way to file Form 2290.

Filing with ExpressTruckTax can be completed in a few simple steps that take only a few minutes. Filers will simply enter their business information including their Employer Identification Number (EIN), vehicle information including the Vehicle Identification Number (VIN), credit vehicles if any, and payment information for the filing fee and the tax itself. If you file Form 2290 and don’t pay the tax, you will get a nonpayment letter from the IRS. In order to ensure this does not happen, you now have the option to pay your Heavy Vehicle Use Tax directly through ExpressTruckTax alongside your filing fee using a credit or debit card. This is the most convenient way to pay for your Heavy Vehicle Use Tax and not risk forgetting about it.

Want to enjoy your Halloween without worrying about spending too much time filing your Form 2290? You still can with ExpressTruckTax! The entire filing process can be completed in only a few steps that take a few minutes. This way you can file your Form 2290 stress-free and enjoy your Halloween whether you are on the road or enjoying some candy at home. Make sure to utilize the payment method that allows you to pay your tax directly through ExpressTruckTax. This ensures you won’t be haunted by IRS non-payment letters. What are you waiting for? File Form 2290 with ExpressTruckTax today and have a Happy Halloween!

FAQ Friday: What Happens When You Enter Something Wrong On Form 2290?

Posted on October 28, 2022 by - 2290 FAQ's, FAQ's, FAQ's to e-file 2290

Form 2290 should be filed by drivers of vehicles weighing 55,000 pounds or more annually to the IRS for the Heavy Vehicle Use Tax. It is important to file this form, failing to do so will result in late penalties from the IRS. In order to file Form 2290 you will need to provide specific information for the IRS to know who is filing the form and that the form is being filed for.

What information is needed to file Form 2290?

To file Form 2290 you need to enter your correct business information including your Employer Identification Number (EIN), vehicle information including your Vehicle Identification Number (VIN), credit vehicles you plan to claim if any, and your payment information. 

What happens if you enter the wrong information?

When filing Form 2290 it is entirely possible to make a mistake. You may enter the wrong number for your EIN or VIN or even the wrong weight, mileage, or address into the form. If you make any of these mistakes, the process for fixing them depends entirely on the mistake that was made. 

Wrong VIN

When the VIN is entered incorrectly, the process for correcting it depends on how many characters the VIN was off by. If the VIN was off by only a few characters, you are able to file a Form 2290 VIN correction amendment in order to correct it. If the entire VIN is wrong, a new Form 2290 needs to be filed and Form 8849 must be filed in order to let the IRS know that the original Form 2290 was not correct and request they move the tax to the new form for the tax paid on the original form. This only applies if they have already paid the taxes.

Wrong Weight class

When the wrong weight class is entered, the process of correcting it will depend on whether the weight was more or less than the actual weight of the vehicle. If the weight was reported as being less than it actually is, a Form 2290 Amendment for weight increase must be filed and then you will pay the rest of the tax amount that is owed. If the weight is actually less than what was originally put on the original Form 2290, you must file a new Form 2290 and then file Form 8849 to request the original tax amount back after paying the new tax amount. 

Wrong Mileage

If a qualifying vehicle drives less than 5,000 miles a year or less than 7,500 miles a year if it is used for agricultural purposes, it is considered suspended by the IRS. Form 2290 still needs to be filed in this case but no tax will be owed for this vehicle. If a vehicle is filed as suspended but then exceeds the mileage limit, a Form 2290 Amendment for mileage exceeded must be filed and then the full tax amount for the year must be paid. If Form 2290 was filed as not suspended and the vehicle was actually suspended, Form 8849 must be filed to request the tax amount for that vehicle back to you. 

Wrong Address

If the wrong address is put into Form 2290, in order to correct this a new Form 2290 must be filed. Then you must file Form 8849 for this vehicle to request that the original tax amount paid be returned to you. 

Wrong business name/name/EIN

If the wrong EIN or business name is entered into Form 2290, a new Form 2290 must be filed and the tax must be paid for the new form. You must then file Form 8849 for this vehicle to request that the original tax amount paid be returned to you. 

Why choose ExpressTruckTax?

By filing with ExpressTruckTax, all of these corrections are made easy. Simply enter the new information into either the Form 2290 Amendment or Form 8849 that you are filing. Once the information is entered and the filing fee has been paid, you will simply transmit it to the IRS. If you are doing a VIN correction amendment and you filed your original Form 2290 with ExpressTruckTax, the fee for filing this amendment waived. When filing Form 2290 or Form 2290 amendments you will get an updated Stamped Schedule 1 within minutes of the IRS accepting your form. What are you waiting for? Make any corrections to Form 2290 that you need to make with ExpressTruckTax today!

Everything you need to know about Form 8849

Posted on October 14, 2022 by - 8849, Form 8849, Form 8849 online, IRS 8849, IRS Form 8849

Form 2290 needs to be filed by a driver of a vehicle that weighs 55,000 pounds or more for the Heavy Vehicle Use Tax. There are also some cases where a refund needs to be claimed for the payment of the Heavy Vehicle Use Tax. Typically a Form 8849 is filed if the Heavy Vehicle Use Tax is paid but the vehicle ends up not exceeding 5,000 miles (7,500 miles if the vehicle is used for agricultural purposes) during the tax year. A refund can also be requested if a vehicle is stolen, sold, or destroyed and the tax for the vehicle has already been paid for that tax year. 

In order to file Form 8849 and claim a refund, proof of your vehicle being sold, stolen, or destroyed will be needed. Detailed proof needs to be provided to the IRS stating why exactly a refund for the tax paid on your vehicle. What can be provided is not limited to a bill of sale, insurance claim form, police report, or pictures. 

ExpressTruckTax guarantees the best Form 8849 filing experience for drivers by making it fast and simple. You will select Form 8849 when filing and will be provided with clear instructions for filling out the form. Enter your name, your Employer Identification Number (EIN), and the total refund amount you are requesting. You will need to choose the ending month of your tax year to be December. Once you have the form filled out, click transmit and it will be transmitted to the IRS immediately.

If your Form 2290 was filed through ExpressTruckTax, you will be able to auto-generate Form 8849. This feature will automatically create a Form 8849 for you with all of the information entered from your Form 2290 already on it. This is convenient because you do not have to re-enter any information on it. Using the information provided, the refund amount will be automatically calculated for you. 

After submission, the IRS should notify you within 4-8 weeks whether or not your Form 8849 was approved. It has been known to take longer than that in recent months because they are processed manually. When the IRS does notify you, you will either receive a letter asking you to provide more information and will give you instructions for where to send that information or it will contain an approval along with a check for the refund balance that is owed to you. 

Filing Form 8849 is simple and only takes a few minutes, especially if you filed your Form 2290 with ExpressTruckTax. Your information will already be on the automatically generated Form 8849. Once all of the information is in on the form, transfer the form to the IRS and wait for it to be processed and accepted. It is as easy as that. What are you waiting for? File Form 8849 with ExpressTruckTax and claim your refund on your Form 2290 through Form 8849 today!   

File Form 2290 in Any Month of the Year with ExpressTruckTax

Posted on October 11, 2022 by - Authorized Efile provider for form 2290, e-fiile form 2290, Form 2290 2022-23

Are you planning on buying a new truck or putting one on the road that weighs 55,000 pounds or more? If so, you will need to file Form 2290 for that vehicle annually. Form 2290 is filed to the IRS by drivers of vehicles weighing 55,000 pounds or more for the Heavy Vehicle Use Tax (HVUT). The tax year for Form 2290 goes from July 1st to June 30th of the following year. If you put your truck on the road for the first time in a month other than July, you will be required to file Form 2290 for the current tax year and pay a prorated amount to the IRS for the remaining months in the tax year. After this, you will be required to file by August 31st for the upcoming tax year because Form 2290 is filed in advance. This way you will be filing for the full tax year instead of a partial amount.

For vehicles that are put on the road for the first time in a month other than July, the Heavy Vehicle Use Tax will be due at the end of the month following the vehicle’s First Used Month (FUM). A vehicle’s First Used Month refers to the month it was first put on the road. If a vehicle’s First Used Month is October, Form 2290 for that vehicle will be due at the end of November. Technically you can File Form 2290 in any month that you first put your truck on the road.

No matter the month you are filing Form 2290, ExpressTruckTax is the e-filing solution for you. Simply enter your business information including your EIN (Employer Identification Number), vehicle information including your VIN (Vehicle Identification Number), any credit vehicles you are claiming if any, and then your payment information. Filers now have the option to pay their Heavy Vehicle Use Tax directly through ExpressTruckTax using a credit or debit card alongside their filing fees. 

Filing Form 2290 through ExpressTruckTax is available every month and so are the rest of the forms offered by ExpressTruckTax. If you made a mistake on Form 2290 or need to update any information? Form 2290 amendments can be filed any month of the year as well in order for the Stamped Schedule 1 to have the correct information. A Stamped Schedule 1 is received upon Form 2290 getting accepted by the IRS. It serves as proof of filing the form and is required in order to get tags and the registration for a qualifying vehicle. Form 8849 can also be filed in any month through ExpressTruckTax. This form is filed if you overpaid for tax or if your vehicle was sold, stolen, or destroyed. This is to request the tax credit back in these circumstances. 

No matter the month or the form, whether it’s Form 2290, a Form 2290 amendment, or Form 8849, ExpressTruckTax has your back. E-file Form 2290 today and get your Stamped Schedule 1 in minutes. What are you waiting for? File now!

Form 2290 Essentials for Buying or Selling a Truck

Posted on September 23, 2022 by - Buying Trucks, Claim your Tax credit, Credit Form 8849, selling

Form 2290 must be filed by drivers of vehicles weighing 55,000 pounds or more for the Heavy Vehicle Use Tax. Typically if you are the owner of that vehicle you will be the one that files for it. What happens when a truck of this weight is bought or sold in terms of filing Form 2290?

When buying a vehicle of a qualifying weight the ownership of that vehicle is transferred to you. Now you have to pay the Heavy Vehicle Use Tax for that vehicle and File Form 2290. How much tax you owe depends on the weight of the vehicle you purchase, when you plan to put it on the road, and how much you plan to drive it. 

Form 2290 is due on August 31st because the tax year for the Heavy Vehicle Use Tax goes from July 1st to June 30th of the following year. The month that you put your vehicle on the road for the first time is the first used month. If you put the vehicle on the road in the middle of the tax year, you will owe the tax amount for the months remaining in that year. 

If you sell a vehicle of a qualifying weight, the process is a little different, especially if you have already paid the Heavy Vehicle Use Tax for this vehicle for the year. If you plan to purchase a new vehicle or already have another vehicle, the next time you file you are able to claim a sold vehicle credit on that vehicle. This will reduce the amount of taxes you owe on this vehicle. 

If you do not plan to purchase another vehicle or don’t have another one, you are able to file a Form 8849 which is designed to request a refund for the tax amount for the months that you no longer owned the vehicle. You are also able to file one if you still have or are planning to buy another vehicle, though Form 8849 is processed manually so it can take up to a year to be processed. 

If you are buying or selling a vehicle, ExpressTruckTax makes filing Form 2290 easy. You can file Form 2290 and specify the First Used Month after you purchase a new vehicle now that you have ownership of it. ExpressTruckTax also makes claiming credits on sold vehicles a breeze. Simply file for your new or current vehicle and then specify that you are claiming a credit on the sold one. You will put in the details of the sale, who you sold the vehicle to, their information, and the date of the sale. ExpressTruckTax also makes filing Form 8849 easy too though you have to specify all of the information regarding the sale including who you sold the vehicle to, their information, the date of sale, and provide the bill of sale.

To make your filing experience fast and easy, choose ExpressTruckTax! The entire process only takes a few minutes and can be completed from any device to make it as convenient as possible. What are you waiting for? File with ExpressTruckTax today!

Everything You Need To Know About Form 2290 Amendments

Posted on September 23, 2022 by - 2290 Amendment, 2290 Amendment Online, 2290 Amendments

The Form 2290 deadline for the 2022-2023 tax year was August 31st, 2022. Even though the deadline has passed already, you are still able to file your Form 2290 for the Heavy Vehicle Use Tax (HVUT) with ExpressTruckTax. If you have already filed with us, we would like to thank you for filing. 

If you have filed there is a chance that you might have made a mistake or some of the information you have entered might change. If this happens, ExpressTruckTax has the solution for you. You can make updates to Form 2290 using any of the following Form 2290 Amendments: Gross Weight Increase, VIN correction, or  Mileage Exceeded.

Gross Weight Increase

The tax amount owed to the IRS for the Heavy Vehicle Use Tax not only depends on when you put your vehicle on the road for the first time but also what the Taxable Gross Weight of the vehicle in which consists of the weight of the truck, the trailer and the maximum load it can carry. Form 2290 has to be filed for vehicles weighing 55,000 pounds or more. There are several weight classes for these vehicles ranging from 55,000 pounds to 75,000 pounds or more. If a vehicle was filed for a Taxable Gross Weight that is less than what it is supposed to be, filing a Form 2290 Amendment is what you need to do. Once you file the amendment you will need to pay the difference for the tax that you owe. 

VIN Correction

The Vehicle Identification Number (VIN) is a unique 17-character sequence that identifies each vehicle. You must enter this number on Form 2290 so that the IRS will know it is for that particular vehicle. If you filed your Form 2290 with ExpressTruckTax and have only entered a few wrong characters for your VIN, you are able to file a VIN correction amendment free of charge with ExpressTruckTax.

Mileage Exceeded

If a vehicle weighs 55,000 miles or more but drives less than 5,000 miles a year, or less than 7,500 miles a year if it is used for agricultural purposes, it is considered suspended by the IRS. Form 2290 must still be filled for this vehicle but no tax will be owed. If you file the vehicle as suspended but the vehicle ends up exceeding the mileage limit, a mileage exceeded amendment must be filed and then you must pay the tax that is owed to the IRS which will be the amount due for the entire year.

File your Form 2290 Amendments with ExpressTruckTax Today!

Need to file any of the above-mentioned amendments? Look no further than ExpressTruckTax. We make filing these amendments fast and easy. They can be completed in only a few simple steps from any device! What are you waiting for? File any necessary Form 2290 amendments with ExpressTruckTax today!

Clientele Spotlight: Hispanic Heritage Month

Posted on September 15, 2022 by - Customer spotlight, Express Truck Tax Customer spotlight, ExpressTruckTax customer spotlight, feature spotlight, form 2290 Customer spotlight, Spotlight, Trucking Spotlight

September is here meaning that the Form 2290 deadline has passed. Even if you still haven’t filed or are putting a truck on the road for the first time, you are still able to file Form 2290. At ExpressTruckTax we value all of our clients and want to make sure they all get the best filing experience possible. 

September 15th marks the start of Hispanic Heritage Month. The trucking industry has seen a large increase in diversity with Hispanic-owned trucking businesses. A lot of the businesses that make up this growth are also women-owned. Over half of the foreign-born drivers in the country are from Spanish-speaking countries. Because of this, we want to make sure that all of our clients have the best filing experience that meets their needs. 

Here at ExpressTruckTax, we value our Hispanic clients by offering a button that translates the site and informational material regarding Form 2290 into Spanish. Our outstanding customer support team also offers support available in Spanish to answer any questions related to Form 2290 you may have to ensure you file everything correctly. 

ExpressTruckTax has a sister company, TruckLogics, a Trucking Management Software. TruckLogics caters to trucking companies located in Mexico, Canada, and the United States. It offers an all-in-one trucking management solution to help you manage every aspect of your trucking business, including dispatching drivers, creating loads, managing trucks and equipment, recording truck maintenance, IFTA reporting, and much more. 

In honor of Hispanic Heritage Month, ExpressTruckTax wants to take the time to highlight some of our amazing Hispanic clientele and business owners that have generated their 2290 or 8849 Forms with us. We want to hear about your filing experience and if you’ve had a chance to talk to our amazing Spanish-Speaking agents.

If you would like your business featured, or want to shout out a Hispanic-owned trucking company you love, reach out to support@expresstrucktax.com.

We will feature these businesses through a Facebook post upon your approval. 

Also, don’t forget to follow us on TikTok @espanolexpresstrucktax and on YouTube at TruckingMundo.

It’s Not Too Late To File Form 2290 For 2022-23 If You Missed The August 31st Deadline

Posted on September 9, 2022 by - 2290 Late Filing Penalties, Filing 2290 late, Late 2290, late fees, Late HVUT fees, Late HVUT payment

The Form 2290 deadline is officially over as of September 1st. To everyone who filed Form 2290 with us for the 2022-23 tax year, we would like to thank you for choosing ExpressTruckTax for all of your Form 2290 filing needs. For those who have not yet filed, it is not too late. The deadline may have passed but it is never too late to file Form 2290. 

What is Form 2290?

Form 2290 is an IRS tax form that needs to be filed by drivers of vehicles weighing 55,000 pounds or more for the Heavy Vehicle Use Tax (HVUT). 

When is Form 2290 Due?

The deadline to File Form 2290 for the 2022-23 tax year was August 31st but don’t worry, you can still file Form 2290. Form 2290 is now past due and while there will be fines for filing late, the fines will only keep increasing if you keep waiting to file. 

What are the penalties for filing late?

If you do need to file Form 2290 late, you will be charged late fines. The fine for not filing Form 2290 altogether is actually greater than the fine for not paying the tax. This is why it is important to file Form 2290 as soon as possible and pay the Heavy Vehicle Use Tax as soon as you have the means to do so. 

For every month the deadline is missed and Form 2290 is not filed, there will be a fine of 4.5% of the total tax due added for up to five months. If you underpay for the Heavy Vehicle Use Tax, there will be an automatic penalty of 0.5% of the tax due. Additional interest charges of 0.54% accrue each month that Form 2290 is not filed. This is why it is important to not only file Form 2290 but pay the Heavy Vehicle Use Tax as well. 

Why File with ExpressTruckTax?

Filing with ExpressTruckTax is an easy process that can be completed in just a few minutes. Even if you missed the deadline, you can file at any time with ExpressTruckTax. Simply enter in your business information, vehicle information, and payment information. You can even pay your Heavy Vehicle Use Tax directly through ExpressTruckTax alongside your filing fee. Need time to pay your Heavy Vehicle Use Tax? You can choose a check or money order or to pay through a third-party payment processor to pay the Heavy Vehicle Use Tax at your convenience. No matter which method you choose to pay the Heavy Vehicle Use Tax, ExpressTruckTax makes it easy. What are you waiting for? File with ExpressTruckTax today for a fast and easy Form 2290 filing experience!

The Form 2290 Deadline is Only a Few Days Away, File Now!

Posted on August 29, 2022 by - 2290 deadline, 2290 filing deadline, August 31st Deadline

Truckers, you only have a few days left to file Form 2290 for the Heavy Vehicle Use Tax (HVUT) to the IRS without being penalized! Because of this, there are only a few days left to file before you are fined or penalized for not having a current Stamped Schedule 1, which you receive upon filing Form 2290. 

If you are a driver of a vehicle weighing 55,000 pounds or more, you need to be aware of this August 31st deadline. This is because if you are late you will not be able to get the tags or registration for your vehicle without a current copy of the Stamped Schedule 1. The Stamped Schedule 1 also acts as proof of filing Form 2290. If you are found without a current Stamped Schedule 1, that is when penalties and fines will occur. You can also get a ticket for not being able to provide a current Stamped Schedule 1 on top of getting fined. One way to avoid this is by Filing Form 2290 before the August 31st deadline. 

In order to make sure you file on time and don’t miss the deadline, ExpressTruckTax the market-leading Form 2290 e-filer, has the solution you need to file Form 2290. By filing with ExpressTruckTax, you don’t have to worry about missing the deadline and getting fined by the IRS for being late with the tax payment. ExpressTruckTax guarantees you will receive your Stamped Schedule 1 within minutes of filing.

You simply create an account with ExpressTruckTax and enter your business information, your Employer Identification Number (EIN), your vehicle information including the vehicle’s Vehicle Information Number (VIN), if you are claiming any credit vehicles, and then your payment information. 

ExpressTruckTax offers a new payment feature that makes ExpressTruckTax even more convenient for filers because Form 2290 can be filed and the tax can be paid at the same time via credit or debit card. Before this option was available, you would have to go through an external payment processing site to pay your taxes. Not only would you have to re-enter all of your information again, but you would also risk forgetting to pay the HVUT, resulting in late fines. Now paying and filing are available in one convenient place! Now you don’t have to worry about being late with your tax payments and get it all done at the same time.

Are you tired of being late with your tax payments and racking up fines? You don’t have to worry about that anymore with ExpressTruckTax! What are you waiting for? File Form 2290 with ExpressTruckTax today and stop worrying about being late to pay your HVUT taxes!