Tag: irs 8849

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!   

How to Claim a Tax Refund for Stolen or Destroyed Vehicles with Form 8849

Posted on February 17, 2021 by - Claim Form 8849

No matter how carefully you drive, accidents can still happen. If your truck was recently stolen or destroyed, we want to extend our condolences to you. We understand just how big of a role your truck plays in your business and life.

If you drive under your own authority, your truck is your whole livelihood. Fortunately, in most circumstances, with insurance, stolen or destroyed vehicles are covered. Plus, you can likely recover some amount of HVUT payment for the year with IRS Form 8849. 

What is Form 8849?

The IRS Form 8849 is used to claim a refund for excise taxes. Your Form 2290 HVUT payments are considered excise taxes. There are 2 scenarios in which you can claim a Form 2290 refund.

  1. You paid the full HVUT amount but drove fewer than 5,000 miles (7,500 for agricultural vehicles)
  2. Your vehicle was stolen or destroyed.

The first scenario doesn’t happen too often in our experience. However, if your vehicle was stolen or destroyed recently, you should definitely file Form 8849 to get a Form 2290 refund for whatever you had left on the year.

How to File Form 8849

Before filing your Form 8849, make sure you have proof of your vehicle being stolen or destroyed. This would typically be something like a police report, insurance claim form, or even pictures.

The simplest way to file Form 8849 is to e-file with ExpressTruckTax. With this method, clear Form 8849 instructions will be presented to you as you fill out the return. Plus, your return will be transmitted immediately to the IRS.

If you filed your original Form 2290 with ExpressTruckTax, your information will already be in our system when you go to file your IRS 8849. You simply need to use that vehicle’s details on the new return. 

After submission, the IRS will notify you within 4-12 weeks by mail if your 2290 refund was approved. There are two possible letters you could receive. The first possible letter will ask you for more information and have instructions for where to send that information. The other letter will contain approval and a check with the balance 2290 refund owed back to you.

File Form 8849 today

The whole Form 8849 process will take about 5 minutes to complete with ExpressTruckTax, and you can file from anywhere you find yourself. 

As always, our 100% US-based customer service team will be here to support you every step of the way.