Tag: truck tax

Form 2290 Filing has Officially Started for the 2022-23 Tax Year

Posted on July 1, 2022 by - 2290 filing, e-fiile form 2290, Form 2290 2022-23

Today July 1st marks the start of filing Form 2290 for the 2022-23 tax year. The IRS has officially started accepting Form 2290, which means the time to file is now. All stamped Schedule 1’s have officially expired as of Midnight on June 30th. This means in order to get up-to-date tags or your vehicle registration you must file form 2290 in order to get your current stamped Schedule 1. The stamped Schedule 1 is important and a copy should be kept in your vehicle in case you get pulled over. 

What is Form 2290?

Form 2290 for the Heavy Vehicle Use Tax (HVUT) must be filed if a vehicle weighs more than 55,000 pounds. If a qualifying vehicle drives less than 5,000 miles a year or less than 7,500 miles if it is used for agricultural purposes, Form 2290 must still be filed with the IRS but you will be exempt from paying the tax. 

When is the Deadline to File Form 2290

If your vehicle has been on the road for more than a year or is just being put on the road for the first time this month, the deadline to file Form 2290 is August 31st at midnight. It is better to file your Form 2290 before then though because the IRS gets backed up this time of year and the longer your wait, the longer it might take to receive your stamped Schedule 1. 

ExpressTruckTax is the Form 2290 Solution for You

Wondering where to file your form 2290? Look no further than ExpressTruckTax. ExpressTruckTax is the market-leading Form 2290 e-filer that provides stress-free Form 2290 e-filing in just a few simple steps. Simply enter your business information, details about your vehicle, how you wish to pay your tax, and you are finished once you pay the filing fee. There are several convenient ways to pay for your Form 2290 tax including EFW, check or money order, EFTPS, and credit or debit card. 

When Selecting EFW (electronic funds withdrawal), you will enter your bank account information and as soon as the IRS accepts your Form 2290, it will withdraw the amount. If you select any of the other options you will have to do a few more steps in order to ensure that your HVUT is paid to the IRS. For check or money order, you will receive a voucher that will tell you where to send your payment. For EFTPS, you will go to eftps.gov to make your payment, but if you do not have an account you will need to create one. For credit or debit card payments, you will need to go to the IRS website and select one of their listed credit card processing sites to make sure your tax is paid. 

Once you E-file Form 2290 you have until August 31st to make your payment. It might seem far off now but the 2290 deadline is closer than you think. What are you waiting for? Don’t risk getting fined for being late to file your Form 2290. File your Form 2290 in a matter of minutes with ExpressTruckTax and get back to doing what you love!

¿Cómo Encontrar la Fecha de Vencimiento en el Formulario 2290 y Evitar una Multa del IRS?

Posted on June 28, 2022 by - Spanish, Spanish 2290

¿Qué es el Formulario 2290?

Al poner un camión que pesa 55,000 libras o más en la carretera, se debe presentar el Formulario 2290 para el Impuesto Sobre el Uso de Vehículos Pesados ​​(HVUT) al IRS. Si este vehículo maneja menos de 5,000 millas ó menos de 7,500 millas si se usa para fines agrícolas, aún se debe presentar el Formulario 2290, pero no se pagarán impuestos.

¿Por qué es necesario hacer el Formulario 2290?

Presentar el Formulario 2290 garantiza que obtendrá su Anexo 1 sellado. Esto sirve como prueba de que ha hecho su Formulario 2290 y es necesario para poder obtener las placas y el registro de su vehículo.

¿Cuándo es la fecha límite para presentar?

Vehículos que han estado en la carretera por menos de un año.

Si está poniendo un camión en la carretera por primera vez, el mes en que lo puso en la carretera por primera vez es el primer mes usado del camión. Después de poner su camión en la carretera por primera vez, tiene hasta el último día del mes siguiente para presentar su Formulario 2290. Por ejemplo, si puso su camión en la carretera en Octubre, tiene hasta finales de Noviembre para hacer su Formulario 2290.

Vehículos que han estado en la carretera por más de un año.

Si no es la primera vez que pone su camión en la carretera, su primer mes usado será Julio. Esto se debe a que el año fiscal del Formulario 2290 va del 1ro. de Julio al 30 de Junio. La fecha límite para presentar el Formulario 2290 para camiones es el 31 de Agosto.

Cómo evitar sanciones del IRS

En cualquier caso, debe asegurarse de hacerlo antes de la fecha límite. Si no hace la solicitud antes de la fecha límite, existe una gran posibilidad de que lo multen. Si no hace el formulario, no tendrá un Anexo 1 sellado actual, lo que podría hacer que lo detengan o que no pueda obtener las placas o el registro de su vehículo.

¿Por qué declarar con ExpressTruckTax?

ExpressTruckTax le permite hacer su Formulario 2290 electrónicamente en cuestión de minutos. En solo unos pocos pasos, puede presentar su Formulario 2290 y, tan pronto como sea aceptado, se le enviará una copia de su Anexo 1 sellado. Tener esto garantizará que no será penalizado por hacerlo tarde. ¿Qué está esperando? Haga su Formulario 2290 para el año fiscal actual en unos simples pasos hoy y obtenga su Anexo 1 sellado en cuestión de minutos.

How to find your Form 2290 Due Date and Avoid Penalty From the IRS

Posted on June 24, 2022 by - E-File HVUT Form 2290, E-file IRS Form 2290, E-file IRS Form 2290 and get Schedule 1, E-filing Form 2290, e-filing form 2290 made easy with ExpressTRuckTax

What is Form 2290?

When putting a truck weighing 55,000 pounds or more on the road, Form 2290 must be filed for the Heavy Vehicle Use Tax (HVUT)  to the IRS. If this vehicle is driven less than 5,000 miles or less than 7,500 miles if used for agricultural purposes, Form 2290 still needs to be filed but there will be no tax due. 

Why do you need to file Form 2290?

Filing Form 2290 guarantees that you will get your stamped Schedule 1. This serves as proof that you have filed your Form 2290 and it is required to be able to obtain your vehicle’s tags and registration. 

When is the deadline to File?

Vehicles that have been on the Road for Less than a Year

If you are putting a truck on the road for the first time, the month you first put it on the road is the truck’s First Used Month. After putting your truck on the road for the first time, you have until the last day of the following month to file Form 2290. For example, if you put your truck on the road in October, you have until the end of November to file your Form 2290. 

Vehicles that have been on the Road for More than a Year

If this is not your first time putting your truck on the road then your First Used Month will be July. This is because the Form 2290 tax year goes from July 1st to June 30th. The deadline to file Form 2290 for trucks in the case is August 31st.

How to avoid penalties from the IRS

In either case, you must make sure to file before the deadline. If you fail to file before the deadline then there is a big chance you will be fined. By not filing you will not have a current stamped Schedule 1, which could lead you to be pulled over or you will not be able to get tags or your vehicle’s registration. 

Why File with ExpressTruckTax?

ExpressTruckTax allows you to e-file Form 2290 in a matter of minutes. In only a few simple steps you can file your Form 2290 and as soon as it gets accepted you will be sent a copy of your stamped Schedule 1. Having this will guarantee that you will not be penalized for being late to file. What are you waiting for? File your Form 2290 for the current tax year in a few simple steps today and get your stamped Schedule 1 in a matter of minutes.

Everything You Need To Know About Form 2290

Posted on June 13, 2022 by - Authorized Efile provider for form 2290, Benefits of e-filing Form 2290, Best Form 2290 service provider, E-file form 2290

Are you new to the trucking industry? Have you been driving a truck for a while? No matter how long you have been driving a truck, something every truck driver must know about is Form 2290. To better understand the form, you need to know what the form is for and what information the form requires.

What is Form 2290?

If you drive a vehicle that has a Taxable Gross Weight of over 55,000 pounds and drives over 5,000 miles a year, 7,500 miles if the vehicle is used for agricultural purposes, then the 2290 Form must be filed and the Heavy Vehicle Use Tax (HVUT) must be paid. If a vehicle travels less than 5,000 miles in a year or 7,500 miles for agricultural vehicles, it is considered suspended. In this case Form 2290 still needs to be filed, but you will be exempt from paying the HVUT.

What Information is Needed to File Form 2290?

Form 2290 requires several pieces of information to be filled out. The information entered helps determine how much tax is owed for the HVUT.

Business Name and Address

When you fill out Form 2290, it asks you for the name of the business you own or work for as well as the address of that business. The form will also ask you what type of business you work for. If you are unsure of the business type, you can select the “others or not sure” option.

EIN (Employer Identification Number)

Your Employer Identification Number (EIN) is required to fill out Form 2290. The EIN is a unique nine-digit number that is issued to every business owner by the IRS. If you just recently obtained an EIN, it could take up to 15 business days for it to become active and recognized by the IRS.

VIN (Vehicle Identification Number)

A Vehicle Identification Number (VIN) is a 17-digit code unique to each vehicle. Because no two vehicles have the same VIN number, it makes it easier to identify the vehicle. This number can be found on the vehicle’s registration, its title, or on the actual vehicle itself.

Taxable Gross Weight 

The Taxable Gross Weight of a vehicle is determined by adding the total weight of the truck, the trailer, and the maximum load the truck is able to carry. This is used to determine the tax amount that needs to be paid for the HVUT. The higher the Taxable Gross Weight of a vehicle, the higher tax owed. If a vehicle’s Taxable Gross Weight is less than 55,000 pounds, then Form 2290 does not need to be filed for this vehicle.  

First Used Month 

A vehicle’s First Used Month (FUM) is the month that you first put the vehicle on the road. The last day of the following month is when Form 2290 is due for the current tax year. If you first put a truck on the road in October of 2022, the deadline to file the 2022-2023 Form 2290 is November 30th, 2022. In this case, the rate is prorated since you are only filing for part of the tax year. 

The current tax year begins on July 1st, 2022, and ends on June 30th, 2023. If you have had your truck on the road for longer than a year, you will put your first use month as July and will be paying the full tax for the upcoming tax year. 

What’s the easiest way to file Form 2290?

The IRS recommends that you e-file Form 2290 as opposed to paper filing. If you paper-file your Form 2290 it will take much longer for the IRS process. By e-filing your Form 2290 you will receive your stamped Schedule 1 in minutes. The stamped Schedule 1 is needed in order to obtain tags and the registration for your vehicle. 

How do I submit my payment to the IRS?

The IRS accepts multiple payment options in order to pay your HVUT. Regardless of which payment method you choose, the payment must be made by August 31st in order to avoid any late fees. 

Electronic Funds Withdrawal (EFW)

One of the options you have to pay your HVUT is through Electronic Funds Withdrawal (EFW). If you choose this payment method, the tax payment will be withdrawn from your account as soon as your Form 2290 gets accepted. 

Check or Money Order

A Check or Money order is another acceptable form of payment for the HVUT, but you have to make sure that the payment is made before the deadline. 

Electronic Federal Tax Payment System (EFTPS)

Another option that is available to pay your HVUT is through the Electronic Federal Tax Payment System (EFTPS). In order to use this payment method, you must have a or create an account and initiate this payment transfer at www.EFTPS.gov. 

Credit or Debit card

The IRS also allows you to pay your HVUT via Credit or Debit card payments. After you file your Form 2290, you will go to IRS.gov/PayByCard to pay your HVUT with a Credit/Debit card. There will be a convenience fee charged for this service. 

File your Form 2290 Now!

The time to file your Form 2290 for the 2022-2023 year is fast approaching! Once you have all of the information that is required in order to file Form 2290, file online with ExpressTruckTax to save time and money. What are you waiting for? File Form 2290 now and get your stamped Schedule 1 in minutes!

Fuel Up this Summer and Save with the ExpressTruckTax Fuel Card

Posted on June 8, 2022 by - Fuel Card, Save on Fuel, Saving Fuel, summer trucking

Summer is right around the corner and fuel prices are showing no signs of going down. Because of this, there is no question that many are looking to save at the pump. Truck drivers are especially affected since their livelihood depends on their trucks which require a lot of fuel. In order to help you get the best value for your money and save more at the pump on fuel, ExpressTruckTax has the solution for you. ExpressTruckTax has partnered with EFS, a well-known fuel card provider, to bring you the ExpressTruckTax fuel card.

A fuel card is essentially a credit card but it is oftentimes issued by a driver’s carrier. Drivers can pay for fuel and other expenses at truck stops with these cards instead of using cash, a debit card, or a regular credit card. Using fuel cards, carriers save money on fuel costs and reduce the time required to process employee claims for business fuel expenses. 

Fuel cards are accepted at over 12,000 truck stops nationwide and when you use them you will pay cash price at the pump, no matter where you stop to fuel up. They also provide high returns to your fuel budget with pre-negotiated discounts. Mobile apps help you find the best fuel prices and manage your fuel account and drivers even when on the go.

By using this fuel card from EFS, you can save anywhere between 10 and 15 cents per gallon on average. The fuel card can even be used in Canada. While this card has no annual fee, there is a small fee for usage but the savings will always outweigh the cost of usage.

This is an exclusive benefit for ExpressTruckTax customers and comes packed with incredible cost savings, pre-negotiated fuel discounts, industry-leading security, and reporting. Industry-leading security and controls that let you choose exactly what may be charged to your account, who can make the charges, and how much they can charge to the card, which can help regulate the purchases made on your card. The benefits of this card don’t stop there. High-resolution reports show line-item transaction details and never leave you guessing exactly what exactly is being charged to your fuel card. This fuel card also includes a free online account that lets you view transactions, order new cards, and make changes to your account from anywhere you have an internet connection.

Now that you know what a fuel card is, what are you waiting for? Sign up for one today and start saving on fuel as soon as you get approved so that you can have fun this summer without having to worry about spending more money on fuel! Contact ExpressTruckTax at (704)-234-6005 for more details.