Category: 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!   

You have a New EIN? You Might Need Form 8849!

Posted on November 10, 2016 by - 8849, claim, Claim Form 8849, EIN, Employer Identification Number, excise tax, limited liability, refund

You have a New EIN? You Might Need Form 8849!
You have a New EIN? You Might Need Form 8849!

So you finally did it – you took the plunge and became an LLC, allowing yourself more business protection and earning yourself a new EIN.

Unfortunately, this leads to many unforeseen complications. For example, how do you go about e-filing your 2290’s for your trucks now? Are you just going to go ahead and file anyway?

Unfortunately, you can’t assume everything will be A-OK – you just fundamentally changed how your business is handled by the IRS, and so you will need to account for this with your trucks.

IRS Form 8849

While some people think it’s best to file wait for the new tax period and file Form 2290 when you change your business status, there is another option. You can also file Form 8849, the Claim for Refund of Excise Taxes.

If you’ve sold a vehicle recently and you had already filed Form 2290 Return, you would need to file Form 8849, Schedule 6 in order to claim your credit.

You also need to use Form 8849 if your vehicle was stolen, destroyed, or if Form 2290 was paid and the vehicle was used 5,000 miles or less on public highways (7,500 or less for agricultural vehicles) during the tax period.

New EIN Complications

So what do you do when you become an LLC, and you all of the sudden realize your trucks are still tied to your old EIN?

Once your business name or EIN has changed, then you need to file a new 2290 form and get a prorated refund for the taxes paid under the previous name or EIN. Just e-file a new Form 2290 for all vehicles under this new name or EIN, then e-file a Form 8849 under the old name or EIN to get some of your original filing back.

A lot of our users don’t realize they have to go through this entire process, which is why we’re here laying this out for you!

How Do You File Form 8849?

If your new EIN requires you to file an 8849, you will need your name and address, making sure it is an accurate match to what the IRS has on file.

You will also need your old EIN number, and any other pertinent business details for your old “business.” Finally, you will need the vehicle information you are claiming a refund for.

If you are filing because the vehicle was sold/stolen/destroyed, you will need the date the event occurred.

How Can You File?

Thankfully, it’s pretty easy to e-file Form 8849 – you just have to sign in to ExpressTruckTax, select Start New Return, and then choose Form 8849 Schedule 6.

Then you just follow the step-by-step process to e-file Form 8849, just like you did with Form 2290.

If you have any questions about e-filing Form 8849, you can contact us at 704.234.6005.