Hey everyone, now that the 23-24 tax year has begun, we are getting a lot of questions about how to add another truck to the stamped Schedule 1. So, let’s say that you’ve already filed your 23-24 Form 2290, and you get a new truck or you add a truck to the fleet or whatever the case might be, how do I add that to my stamped Schedule 1 since it’s already been accepted? The answer for this is pretty simple when it comes to filing the Form 2290. You just need to file a new 2290 for that vehicle.
Now, this is not talking if you sold, destroyed, you know, that whole deal where you’re claiming a credit. This is just as if you’re adding a new truck to your fleet. You just file a new 2290, and you choose the first use month that that truck goes on the road.
So let’s say it’s going to go on the road in August, you would choose August just as the first used month, or November or December, whatever month that truck goes on the road. That’s going to get that prorated tax for that vehicle the next year when you file your 2290. You’ll put it together with all of your other trucks in your fleet, and they’ll all be listed on one stamped Schedule 1.
So, adding a truck to your fleet is not difficult. You just start a new 2290 with ExpressTruckTax. You have that one-page option there for e-filing for a single vehicle. Super easy, fill in questions one through six, file the 2290. You get your stamp schedule one back with that vehicle listed there, and then you can get the plates for that new truck.
Now, if you’re talking about adding a credit or claiming the credit, that’s a different process, and I have other videos for that process. But to simply add a truck to your fleet or add a truck to your 2290, you just need to file a new 2290, select the first use month, enter the information for that truck, and you’re good to go.
When it comes to heavy vehicle use taxes with the Internal Revenue Service (IRS), one crucial document that truck owners and operators must be familiar with is the stamped Schedule 1.
This document serves as proof of filing the Heavy Vehicle Use Tax (HVUT) and is an essential part of staying compliant with tax regulations. In this blog post, we will dive into the importance of the stamped Schedule 1 and its significance for trucking businesses.
What is a Stamped Schedule 1?
The stamped Schedule 1, also known as IRS Form 2290 Schedule 1, is a document issued by the IRS to confirm that the Heavy Vehicle Use Tax has been filed for a particular business and vehicle. It indicates that the vehicle’s owner has fulfilled their tax obligations for the tax period specified on the document.
The Schedule 1 is stamped by the IRS upon successfully processing Form 2290, which is filed annually by truck owners operating vehicles with a gross weight of 55,000 pounds or more. When you e-file your Form 2290, the stamp is an electronic stamp. Whether you have a red manual stamp or a gray electronic stamp, your IRP office must accept that document.
Why is the Stamped Schedule 1 Important?
The stamped Schedule 1 holds significant importance for several reasons:
Proof of Filing: The stamped Schedule 1 proves that the HVUT has been filed (and paid) for the specified tax period. It acts as a receipt and confirmation that the vehicle owner is in compliance with tax regulations. Many authorities, including state DMVs and law enforcement agencies, may request a copy of the stamped Schedule 1 as evidence of tax payment.
Vehicle Registration and Renewal: The stamped Schedule 1 is required when registering or renewing the registration of a heavy vehicle. DMVs typically ask for this document to ensure that the vehicle’s owner has met their tax obligations. Without a valid stamped Schedule 1, the registration process may be delayed or denied.
Operating Authority: For commercial trucking businesses, obtaining operating authority from agencies like the Federal Motor Carrier Safety Administration (FMCSA) may require a valid stamped Schedule 1 as part of the application process. It demonstrates that the business complies with HVUT requirements and has paid the necessary taxes.
Proof of Compliance: In addition to serving as proof of filing, the stamped Schedule 1 demonstrates a truck owner’s commitment to compliance with tax regulations. It reflects their adherence to their tax obligations and helps build a reputation for reliability and professionalism within the trucking industry.
Obtaining the Stamped Schedule 1
To obtain a stamped Schedule 1, truck owners and fleet managers must first file Form 2290 with the IRS and pay the applicable Heavy Vehicle Use Tax. This can be done electronically through authorized IRS e-file provider like ExpresTruckTax, which offers a convenient and efficient way to file and receive the stamped Schedule 1 in a timely manner.
Electronic filing saves time, eliminates the need for paper forms, and expedites the processing of tax returns. You will receive your stamped Schedule 1 in minutes instead of weeks.
In conclusion, the stamped Schedule 1 is a critical document for truck owners and operators. It serves as proof of filing for the Heavy Vehicle Use Tax and is vital to compliance with tax regulations. Truck owners should ensure that they file Form 2290 and obtain the stamped Schedule 1 promptly to avoid any delays in vehicle registration or operating authority.
Please note that the information provided in this blog post is for general informational purposes only and should not be considered as legal, tax, or financial advice. For specific guidance related to your individual situation, it is recommended to consult with a professional tax advisor or the IRS directly.
As the calendar flips to a brand new month, a month filled with celebrations, watermelon, and firecrackers, let us not forget it is also the start of a new tax year.
That’s right! It’s time for truckers to prepare for their Form 2290 filing once again. The 2023-24 tax year has officially begun, and it’s essential to handle your tax filing efficiently and without unnecessary stress. With the right tools and resources at your disposal, filing your Form 2290 can be a smooth and hassle-free process.
Form 2290 is an annual requirement for truck owners and fleet managers who operate vehicles with a gross weight of 55,000 pounds or more. The Form 2290 tax is used to support our nation’s highway infrastructure and ensure that roadways remain safe and well-maintained. While the tax itself is a necessary responsibility, the filing process can often be overwhelming, especially if you did not file with ExpressTruckTax!
Our number one goal is to simplify your Form 2290 filing and eliminate unnecessary stress. Here are a few ways ExpressTruckTax is like a breath of fresh air.
ExpressTruckTax Features
We have built a user-friendly interface
We offer an intuitive interface that guides you through each step of the filing process. With clear instructions and helpful prompts, you can easily navigate the form and provide accurate information.
We know that time is money
Save yourself a significant amount of time and effort compared to manual paper filing or e-filing with other services that are not as user-friendly as ExpressTruckTax. With automated calculations and built-in error checks, you can minimize the chances of errors and reduce the need for manual rework.
We get you your Schedule 1 back quickly
ExpressTruckTax processes your Form 2290 quickly and will send you immediate confirmation of your filing status. No more waiting for weeks to receive your stamped Schedule 1; with electronic filing, you can receive it in minutes, ensuring compliance and peace of mind. And if you’re leased, we will even send your Schedule 1 to your company for you!
We take security seriously
With over 13 years of e-filing experience, ExpressTruckTax prioritizes the security and privacy of your sensitive information. We employ robust data protection measures, giving you peace of mind that your personal and financial details are safeguarded.
We provide expert support
Should you encounter any questions or concerns during the filing process, professional support teams are readily available to assist you. With their extensive knowledge and experience, they can provide guidance and resolve any issues promptly.
File Your 2023-24 Form 2290 Today
So, as the 2023-24 Form 2290 tax year kicks off, don’t let the filing process become a source of stress and frustration. Embrace the advantages of modern technology and choose the #1 online filing solution, ExpressTruckTax to make your Form 2290 filing experience efficient and hassle-free.
Take control of your tax obligations and file your 2290 Form stress-free. Get started with ExpressTruckTax today and experience the difference it can make for your trucking business.
Vehicles weighing 55,000 pounds or more must have a Stamped Schedule 1 to get tags and the registration. In order to obtain a Stamped Schedule 1 you must first file Form 2290 for the Heavy Vehicle Use Tax. This form must be filed annually with the IRS.
Receiving Your Stamped Schedule 1
If you want to receive your Stamped Schedule 1 as quickly as possible, e-file your Form 2290 with ExpressTruckTax. This entire process takes only a few minutes. Once all of your business, vehicle, and payment information is entered, transmit your form. Once your Form 2290 is accepted, you will receive your Stamp Schedule 1 via the email your ExpressTruckTax account was registered with, within minutes. You also have the option to receive your Stamped Schedule 1 via fax or mail at an additional fee. You also have the option to log in to your ExpressTruckTax account and download a copy of your Stamped Schedule 1. You can do this by going to your dashboard to the list of returns that you filed. Click “Download” under the “Schedule 1/Acceptance Letter” column for any return you need the Stamped Schedule 1 for.
You are also able to paper file Form 2290 with the IRS, however, the entire process takes a long time. Once you file your form, you will not know if your form has been accepted for several weeks. If it is rejected you will have to file it again and wait another few weeks before you get a response. In order to get your Stamped Schedule 1 after paper filing Form 2290, you can either get it via fax or through the mail.
File Form 2290 with ExpressTruckTax Today
Do you need to get your tags and vehicle registration for your vehicle weighing 55,000 pounds or more and need your Stamped Schedule 1 as soon as possible? If you e-file your Form 2290 with ExpressTruckTax today, you will receive your Stamped Schedule 1 within minutes of it being accepted. What are you waiting for? E-file your Form 2290 with ExpressTruckTax today to get your Stamped Schedule 1 as soon as possible.
Your IRS Form 2290 deadline can be a bit difficult to figure out. There’s a lot of legalese surrounding when your deadline might fall.
This is a problem because late filings and late HVUT payments almost always result in penalties and interest from the IRS.
Let’s cut through the confusion and phrasing so you can figure out exactly when you need to file your Form 2290.
The Form 2290 Tax Period
Let’s start with the first factor to consider when trying to figure out your Form 2290 deadline – the HVUT tax season. Unlike the primary IRS individual and business income tax year that we are all familiar with, the Heavy Vehicle Use Tax season runs from July 1 – June 30 each year. Why? We don’t know. Who knows why the IRS is the way it is?
What we do know is that if you are using the same truck as the last HVUT tax year, your Form 2290 deadline will be one month after the end of the current tax year – August 31. Since the tax season ends on July 1, the IRS generously gives you almost two months to file your new Form 2290 before the due date.
But what if you start using a different truck during the tax year?
Form 2290 First Use Month
If you start using a different truck during the tax year, you cannot wait until the typical August 31 deadline to file. You will need to file Form 2290 by the end of the month following the month of first use. So, for instance, if you started using a vehicle in February 2021, you will need to file your Form 2290 by March 31, 2021 (today).
Then for the next tax year, if you are still using that truck, your Form 2290 deadline will be August 31 along with everyone else.
What do you need to file Form 2290?
In order to file your Form 2290 by your deadline, you will need the following information:
If you started using a vehicle in October 2020, you need to file your Form 2290 before November 30, 2020!
If you do not file before November 30, you will face penalties and interest from the IRS. You will immediately be hit with a penalty with equal to 4.5% of your owed tax amount.
How to Determine your First Use Month (FUM)
Your Form 2290 First Used Month is the first month that you start using your truck during a particular tax year. Your HVUT is always due at the end of the month following your FUM.
So if you started using a truck in October 2020, your Form 2290 return will be due at the end of November. The Form 2290 tax year runs from July 1 – June 30 of each year.
All you have to do is enter your business information and answer some questions about your truck. You’ll need your FUM, your weight category, and a way to make your IRS payment.
The whole process takes less than 5 minutes and you’ll get your stamped Schedule 1 back in a matter of minutes.
The 2020 Form 2290 deadline is today! There’s no more time to procrastinate. Failing to file by midnight will mean serious IRS HVUT penalties and could even mean the suspension of your IRP registration.
If you fail to file, an additional 4.5% of your owed tax amount will be tacked on. And since an up-to-date stamped Schedule 1 is required for IRP registration, your IRP could be suspended if you wait too long.
Meet your 2290 Deadline with ExpressTruckTax
We make it possible for truckers to file Form 2290 on time. With ExpressTruckTax, you can file anytime and anywhere.
It takes less than 5 minutes to file with us, and we provide step-by-step instructions along the way.
Our returns are usually accepted by the IRS within minutes, meaning you will get the stamped Schedule 1 almost in minutes. By comparison, paper filing can take weeks.
And, with our ExpressGuarantee, you can be sure your 2290 will be accepted by the IRS, or we will refund your filing fee. Our 100% US-based customer support team will also do everything they can to fix any errors you might have.
They are working extended hours until midnight tonight, so you can be sure to get your 2290 filed correctly. Call 803.234.6005 to have your questions answered in English or Spanish.
When it comes to filing the IRS Form 2290, you can either go it alone with a paper form or e-file online with a simplified, interview-style process.
You might think that filing your Form 2290 the old-fashioned way is preferable to e-filing. But you’d be wrong.
When you file your HVUT return on paper, you are far more likely to make mistakes. You are entirely on your own. You can’t ask anyone questions. There is only the confusing legalese provided by the IRS on Form 2290.
Make your life easier and save yourself time by e-filing your Form 2290 for 2020 online with ExpressTruckTax!
E-filing 2020-2021 Form 2290 with ExpressTruckTax is quick and easy
When you e-file Form 2290 with IRS-authorized e-file provider ExpressTruckTax, you will be asked a series of simple questions. All you have to do is answer those questions and the system will automatically fill out your Form 2290 for you.
Not having to decipher what the IRS wants from you means you are less likely to make errors and you will save time.
E-filing with ExpressTruckTax gives you an instant audit
Another benefit of e-filing Form 2290 with ExpressTruckTax is that your return will undergo an instant audit before being transmitted to the IRS. The instant audit checks your return for common mistakes that could cause your return to be rejected by the IRS.
E-filing with ExpressTruckTax gives you a quick stamped Schedule 1
Additionally, when you file Form 2290 on paper, you will likely not hear back from the IRS for several weeks. That means if you made any mistakes and your return is rejected, you may miss your deadline because of it.
When you e-file Form 2290 with ExpressTruckTax, however, the IRS typically accepts or rejects the return within a few minutes. So if you need to make corrections you can do that immediately.
Also, you will get your stamped 2290 Schedule 1 (proof of payment) back in super quickly. That way, you will never miss your deadline.
E-file Form 2290 with ExpressTruckTax today!
We offer 100% US-based customer support at no additional charge! Get your 2020-21 Form 2290 done in a matter of minutes!
ExpressTruckTax has been shaking up and innovating the e-filing industry for the last ten years. Since launching in 2010, ExpressTruckTax has been an industry-leading, IRS-authorized, Form 2290 e-file provider.
We’ve helped hundreds of thousands of truckers and processed over $1.6 billion in excise tax payments. ExpressTruckTax has been successful because we care deeply about the trucking industry. Our singular focus is on making trucking taxes easier.
That’s why we haven’t stopped innovating for the last ten years. Many cheap knockoffs have sprung up, riding our coattails and copying our innovative solutions. But don’t be fooled.
Here’s how we’ve innovated the e-filing process since 2010.
ExpressTruckTax leads the pack by staying current with the latest changes in internet technology, including:
Fully mobile site
ExpressTruckTax launches a fully mobile website well before smartphones become the preferred devices they are today.
One-Click Login
ExpressTruckTax clients can log in with Facebook or Google to start filing in seconds.
Contextual help and video guides with clear instructions appear throughout the filing process.
Quick Credits
While users file their Form 2290, ExpressTruckTax identifies potential credits and help taxpayers quickly and easily file Form 8849. An IRS Form 8849 is automatically generated when tax credits exceed the amount of tax due.
ExpressTruckTax adds “TruckZone”, a virtual garage that allows users to store information about their trucks for later use. Returning clients no longer need to manually enter truck information year after year.
SPAN Enterprises improves all of its trucking products, including ExpressTruckTax, TruckLogics, Truck Services of North America, and ExpressIFTA by bringing the entire support team under one roof. All that trucking Industry knowledge and expertise are shared among the support team.
2017
ExpressTruckTax partners with DMVs across America to verify Schedule 1s for clients. ExpressTruckTax also helps more than 100 of the largest carriers in the nation simplify the HVUT process for their drivers by providing them with Form 2290 portals.
2018
ExpressTruckTax makes the Form 2290 web application entirely accessible from a mobile browser. Clients no longer need the mobile app to file, they can simply use their built-in smartphone browser to file from anywhere — even their truck.
2019
ExpressTruckTax speeds up the e-filing process even more by introducing the “ReadyReturn” feature. ReadyReturn automatically generates a Form 2290 for the current tax year based on last year’s Form 2290 information.
This year, ExpressTruckTax allowed truckers to file their 2020-21 Form 2290s earlier than ever before. We know this has been a tough time for many in the trucking industry, so we wanted to give everyone a chance to get ahead of the curve and beat the IRS peak season rush.
We are also working with more partners than ever, so drivers for almost every major fleet and members of almost every major trucking association can file quickly and easily.
Give ExpressTruckTax a try!
If you aren’t already trusting ExpressTruckTax with your 2290 needs, get started today!
