Tag: tax professionals

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.

A Streamlined IRS Form 2290 Filing Solution For Tax Professionals

Posted on October 19, 2020 by - Tax professionals

Looking for an easier way to manage Form 2290 for all your clients? 

Look no further than ExpressTruckTax!

We offer tons of great features for tax professionals to manage 2290 filings for their clients. You work all year to provide a much-needed service for truckers so we make it our business to provide unparalleled service for you!

The benefits of e-filing with ExpressTruckTax include:

  • Managing an unlimited number of businesses and EIN’s from a single login. That’s right, only one password to remember!
  • Filtering for businesses or specific trucks using our Advanced Search option. 
  • Import business and truck information with Bulk Upload features so you can start e-filing immediately. 
  • Special pricing – CPAs can purchase prepaid credits for all their 2290 filing with a 10% discount.
  • Separate portal access for their clients to e-Sign Form 8453-EX.

Head over to ExpressTruckTax.com and create a new account (it’s free!). Here’s how to set up your CPA account.

Only 3 Steps to Manage 2290 Filing for your Clients

Step 1: Create Account and Enter Your Business Details

  • Enter your email address and a password of your choice, and be sure to check the box “Are You a Tax Professional?” to ensure you create the right kind of account.
  • Enter your CPA Details into the Tax Professional Profile page. First, check whether you own your own firm (and have an EIN) OR are self-employed (don’t have an EIN).
  • Enter your PTIN. The PTIN (Paid Preparer Tax Identification Number) is required by the IRS for all paid tax return preparers.
  • Finally, enter your full name, address, and contact information, and hit “Create”.
Add Business Manually

Step 2: Add Businesses

Now to enter the details of each business you intend to e-file Form 2290 for. There are two ways do this:

Option 1: Manual Entry

If you’re looking to add only one or two businesses to your account and file a return right away, this is the best option for you.

For manual entry, simply add the Name, EIN, address & contact info for the business. Then indicate whether you have Power of Attorney (a current Form 2848 filed with the IRS). If yes, you must enter the “Valid Up To” date for when your power of attorney expires.

Finally, enter the name, phone number, and title of the Signing Authority. In most cases, this will be you, unless your client chooses to maintain it him or herself.

Add Business Details Manually

Option 2: Bulk Upload

In the top right corner of the Add Business screen, you’ll notice the Quick Links section. Select the first link “Bulk Upload Businesses” and you’ll be taken to this screen with instructions to bulk upload the businesses into your ExpressTruckTax account.

Bulk Upload Form 2290 Business Details

To Bulk Upload a business, you will be prompted to

1) Download our Excel Template File and save it to your computer.

2) Copy and paste all of the business details into the Excel Template.

3) And Upload the Excel File back into ExpressTruckTax.

Step 3. Add Taxable Vehicles

At this stage, you can simply select a business and start a Form 2290 for one or more of their vehicles. However, if you want to save all their vehicle information for quick filing, there are two methods for saving vehicles.

Option 1: Manual Entry

First, be sure you’re adding vehicles to the correct business. To switch back and forth between businesses, just select the business you’d like to manage from your Business List on the right side of your screen. The business highlighted in dark blue is the one you are currently editing. 

Once you’ve selected the business, head over to the Truck Zone tab on the top menu, and then select “Add New Vehicle”. Enter the vehicle’s VIN, Gross Weight, and whether it is suspended, licensed for agriculture, or used for logging.

Additionally, you can enter the make, model, license plate number, and even the truck’s IFTA details or state-specific permit numbers.

Manually Add Form 2290 Vehicle Details

Option 2: Bulk Upload to TruckZone

Another great feature for CPA’s, you can Bulk Upload hundreds or thousands of vehicles at a time. Select Express Upload to use our Excel Template (same procedure as for uploading businesses), or use our Smart Upload for the smoothest experience. With the Smart Upload feature, you can import data from any file type by uploading the file and matching each of your categories to ours.

Bulk Upload Form 2290 Vehicle Details

Whether you manually enter trucks as you go, or Bulk Upload them all at once, all of the vehicle information will be securely stored in Truck Zone and easily accessible through the Advanced Search option. Filter vehicles by VIN, gross weight, etc, to quickly and easily find the trucks you’d like to file for. Then check each to add to the tax return.

Access our Frequently asked questions and their answers for tax professionals.

Learn more about special pricing for CPAs

Call our team now to get set-up with special pricing. We’re available at 704.234.6005. You can also chat with us online or get 24/7 email support at support@expresstrucktax.com.

Ready to Explore our Tax Professional Solution?