Tag: trucking taxes

How to Quickly and Easily Copy Your Previous 2290 with ExpressTruckTax

It’s no secret that truckers have a ton of trucking taxes to keep up with. Whether you work for a large company like Schneider, Mercer, or XPO Logistics, or you are an independent owner-operator, you may be required to file the annual IRS Form 2290. 

One of the many reasons truck drivers and fleet managers choose ExpressTruckTax to file IRS Form 2290 is because of the time-saving feature called Copy Previous Return! This feature lets you quickly and easily file your Form 2290 for the current tax year by copying information from your previously accepted return.

Here’s how the 2290 Copy Return Feature works: 

  • Log in to your ExpressTruckTax account.
  • Click the orange button that says, Pre-file 2023
  • Choose ‘Copy Previously Accepted Return’ 
  • Locate the most recent Form 2290 that you filed and click ‘Copy this Return’
  • ExpressTruckTax will automatically populate your 2023-24 IRS Form 2290 with the information from your previous return, including your business name, EIN, and VINs.
  • Review the information to make sure everything is accurate and up-to-date.
    • Edit any information, such as your business name or EIN. 
    • Edit or enter any new vehicles or update any information that has changed since your previous return.
  • Transmit your return to the IRS! Your return will be ‘On Hold’ until the IRS begins processing these returns in the first week of July 2023. 

Save valuable time with this IRS Form 2290 feature: 

By using the “Copy Previous Accepted Return” feature in ExpressTruckTax, you can save time and avoid having to enter all of your information manually each year. This feature is especially useful if you have a large fleet of vehicles and need to file multiple returns each year.

More time-saving features you’ll love from ExpressTruckTax: 

In addition to the “Copy Previous Accepted Return” feature, ExpressTruckTax offers a variety of other tools and features to make filing your Form 2290 easy and stress-free.

From free VIN corrections to automatic email notifications, ExpressTruckTax is designed to help truckers stay compliant with the IRS and keep their businesses running smoothly.

What are you waiting for?! Log in to your ExpressTruckTax account and file your 2023-24 Form 2290 today! 

Everything You Need To Know About 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!

We Can’t Wait To See You At The Mid-America Trucking Show: Fifty Years And Counting!

The Mid-American Trucking Show or MATS for short is happening March 24-26th, 2022 in Louisville, Kentucky. This year marks the show’s 50th anniversary. Founded in 1972 to make trucking shows more accessible to the eastern part of the United States, the show has since grown to be the largest trucking show in the world. 

With over one million square feet of exhibits, over a thousand exhibitors, and over forty special events, the show’s over seventy-two thousand attendees are sure to have a great time! The event features live entertainment, many special guests, and talks covering current industry-related topics. There will be an opening celebration, a concert featuring Clay Walker, a Veterans in Trucking event, a truck and tractor pulling event, a PKY Truck Championship, over thirty acres of free parking, and much more!

Everyone who plans to attend the show will surely have a great time. We will be there too and can’t wait to meet you and network with you! We know this time of year can be stressful with the end of this tax year approaching fast and the Heavy Vehicle Use Tax (HVUT) 22-23 tax year pre-filing season right around the corner. If you are a truck driver and are responsible for filing your Form 2290 for the HVUT, the deadline is coming up and ExpressTruckTax has your back. File soon so you can go to the show not having to worry about accruing any more penalties for late filing! It’s easy! What are you waiting for? File with ExpressTruckTax today!

No Podemos Esperar A Verte En El Mid-America Trucking Show: ¡Cincuenta Años Y Contando!

El Show de Camioneros Mid-Americano o MATS para abreviar tendrá lugar del 24 al 26 de Marzo del 2022 en Louisville, Kentucky. Este año marca el 50 aniversario de la serie. Fundado en 1972 para hacer que los espectáculos de camiones fueran más accesibles en la parte Este de los Estados Unidos, el espectáculo ha crecido desde entonces hasta convertirse en el espectáculo de camiones más grande del mundo.

Con más de un millón de pies cuadrados de exhibiciones, más de mil expositores y más de cuarenta eventos especiales, ¡Los más de setenta y dos mil asistentes en la feria de seguro lo pasarán en grande! El evento presenta entretenimiento en vivo, muchos invitados especiales y charlas que cubren temas actuales relacionados con la industria. Habrá una celebración de apertura, un concierto con Clay Walker, un evento de Veterans in Trucking, un evento de tracción de camiones y tractores, un campeonato de camiones PKY, más de treinta acres de estacionamiento gratuito, ¡y mucho más!

Todos los que planeen asistir al espectáculo seguramente lo pasarán genial. ¡Nosotros también estaremos allí y estamos ansiosos por conocerte y hacer contacto contigo! Sabemos que esta época del año puede ser estresante con el final de este año fiscal acercándose rápidamente y la temporada de pre-presentación del impuesto sobre el uso de vehículos pesados ​​(HVUT) 22-23 a la vuelta de la esquina. Si usted es un conductor de camión y es responsable de presentar su Formulario 2290 para el HVUT, se acerca la fecha límite y ExpressTruckTax lo respalda. ¡Presente pronto para que pueda ir al espectáculo sin tener que preocuparse por acumular más multas por la presentación tardía! ¡Es fácil! ¿Qué estás esperando? ¡Presente con ExpressTruckTax hoy!

ExpressTruckTax: Great Quality Form 2290 Filing At Awesome Prices!

ExpressTruckTax: Great Quality Form 2290 Filing At Awesome Prices!

* This blog doesn’t reflect the pricing for the 2022-23 filing season

As a business owner, we know and understand that your bottom line is important to you. There are several reasons why ExpressTruckTax is the #1 IRS e-file provider for Form 2290 including reputability, support availability, and of course, pricing.

ExpresstruckTax does not play games with pricing! What you see is what you get, there are no hidden fees and there is no need for coupon codes! Since 2010, ExpressTruckTax has not raised the filing fee associated with filing your Form 2290, which is only $9.90 for a single truck! The same great price with the same great customer service!

Don’t believe us?! Let’s take a look at some competitor pricing to file a single vehicle: 

This competitor also offers a 20% off coupon. 

Let’s do the math here together. This site charges you $48.99 for a single truck. Even with a 20% off coupon, you are STILL paying $39.19. That is almost 4 times more expensive than when you file your Form 2290 with ExpressTruckTax. Again, it’s still only $9.90 for a single truck!

So what are you waiting for? File your Form 2290 with ExpressTruckTax and don’t spend more money than you have to!

Filing Your 2290: Which Business Type is Right for You?


Tax season is fast approaching and so is the deadline to file your Form 2290. These forms often ask questions that might seem confusing at first. One of the questions you’re asked when you sign up to file is which business type you are filing under? What is a business type and how do you know which one is right for your trucking business? 

Below, you will find a helpful guide explaining more about each type to determine which is the best fit for you.

Sole Proprietor or Single Member LLC

To sum it up, a sole proprietor is the single owner of a business.

S-Corporation of LLC as S-Corp

S-Corporations are corporations that elect to pass corporate income, losses, deductions, and credits through their shareholders for federal tax purposes. This allows S-corporations to avoid double taxation on the corporate income.

C-Corporation or LLC as C-Corp

C-Corporation, Under United States federal income tax law, is any corporation that is taxed separately from its owners. Unlike C-Corporations, S-Corporations are not taxed separately.

Partnership or LLC as Partnership

A partnership is where two or more people own the business.

Estates

Estates are all of the money and property owned by a particular person, especially at death.

Trusts and Fiduciaries

A trust is a relationship when one person holds the title to the property. A fiduciary is a person or organization that acts on behalf of another person. 

Exempt Organization

In order for an organization to be considered exempt, it must be a charitable organization, private foundation, or other similar organization that is exempt from federal income tax.

What Happens if You Choose the Wrong Business Type?

Don’t worry it happens, we all make mistakes. You can simply click your name in the upper-righthand corner and then click the drop-down arrow. You will then click on “My Account” which will lead you to a page with multiple options. From there select the option titled “Manage Businesses” by clicking on the pencil icon. 

When you see the name of the business you want to change, click on the pencil icon to the right of it and it will take you to the page that will allow you to change the business type. 

Then under business type select the dropdown and from there you can select the business type that best describes your trucking business.

If you have any questions please call 704.234.6005. 

File your 2290 Today!