As you most likely know, the IRS has not yet disclosed the official Form 2290 for filing Truck Taxes. This delay in the process has certainly caused some headaches for the service providers such as Express Truck Tax, who E-File this form on behalf of their clients. Land Line, the business magazine for professional truckers, recently released an article about the delay. In short, the Form 2290 will not be available until new legislation is passed, but drivers will be able to get their vehicle tags and register vehicles by using your previous year’s Schedule 1.
The following Article can be read in its entirety at LandLineMag.com:
Before you make a mad dash to the IRS office to file your Form 2290 Heavy Vehicle Use Tax, hold on. A week before filing season for the IRS Form 2290 was due to begin on July 1, the Internal Revenue Service announced a delay.
New legislation needs to be passed before IRS can collect the HVUT for the entire year. And right now that tax legislation is tied up in Congress. This means that your normal filing, which was for the tax period beginning July 1, 2011, won’t happen.
IRS will not accept any paper format or e-filing at this time. In fact, the form has not been published by the IRS and is not even available yet. An announcement on when it will be in place is expected to be made by IRS.
While the IRS e-file is not available for the tax period beginning July 1, 2011, you can still e-file your 2290 tax return for the tax period July 1, 2010 through June 30, 2011.
The IRS may wait as long as possible so that a single tax return is all that will be necessary for the 2011-12 tax Year. However, a backup plan is in place so that a three-month tax (July, August and September) can be collected by the Aug. 31 filing deadline. When the new legislation is passed, it will determine what happens for the reminder of the 2011/12 tax year.
Can you get your tags and register your vehicle? The IRS says yes, you can get your tags for the tax period beginning July 1, 2011. Existing regs allow states to register a heavy highway vehicle when the application for registration is received during the months of July, August or September 2011. If you have your receipted Schedule 1 for the previous year’s taxable period – in this case July 1, 2010 through June 30, 2011 – states can accept it as proof of payment.
States must register newly acquired heavy highway use vehicles without proof of tax payment if you present the original or photocopy of a bill of sale showing that the truck was purchased by the owner during the 60 days before the date the state receives the application for registration.
First Use Month
The First Use Month refers to the month that the vehicle was first used during the tax period. If the vehicle will be used for the entire Tax Period, then July would be the appropriate month to select.
Taxable Vehicles
On The Taxable Vehicles section, you can enter all of your taxable motor vehicles weighing 55,000 lbs or more. Do Not Add vehicles that you expect to use less than 5,000 miles during the tax period (or 7,500 miles, If Agricultural Use). These Vehicles are known as low mileage, tax suspended, or category W vehicles; and they can be added in another section.
Suspended Vehicles
Tax Suspended Vehicles, also known as low mileage or category W vehicles are not subject to taxation because these vehicles will remain below the mileage threshold of 5,000 miles during the tax period (or 7,500 miles, if Agricultural use).
Prior Year Suspended Vehicles
If You Reported any vehicles as Tax Suspended or category W during the previous tax period, you must report these vehicles to the IRS if either of the following occurred:
A: The Vehicle exceeded the mileage threshold
or
B: The vehicle was Sold
Do Not add a suspended vehicle if neither of these occurred
Sold, Destroyed, or Stolen Vehicles
If you Sold a taxable vehicle, or that vehicle was destroyed or stolen before June 1st, you are eligible for a pro-rated credit or refund.
Low Mileage Credits
If you paid Heavy Vehicle Use Taxes, but did not exceed the mileage threshold during a prior tax period, you are eligible for a credit or refund of the Heavy Vehicle Use Taxes paid during that period. Enter all applicable vehicles in this section.
Posted on July 11, 2011 by Santamarina Joseph - 2011 2290 Tax Form, Dot Form 2290, e-file 2290, Express2290, expresstrucktax, Federal 2290 Tax Forms, Form 2290 E-file, Internal Revenue Service Form 2290, Need 2290 Form IRS, Tax professionals
HVUT refers to the Heavy Vehicle Use Tax, which is a fee imposed on heavy highway vehicles operating on public roads. A vehicle is required to file HVUT, if it has a registered gross weight of 55,000 pounds or more. This amount is the gross taxable weight, which is calculated by adding the following amounts:
The official definition, according to the IRS,of a taxable Highway Motor Vehicle is any self-propelled vehicle that is designed to carry a load over public highways. Examples of such vehicles include trucks, truck tractors, and buses. The IRS does not usually consider vehicles such as vans, pickup trucks, panel trucks, or other similar vehicles because they do not typically weigh 55,000 pounds or more.
HVUT rates are broken down into three categories for these vehicles. Vehicles under 55,000 pounds have no HVUT because they do not fit the qualifications of a heavy vehicle. Vehicles between 55,000 and 75,000 pounds owe $100, plus $22 per 1,000 pounds over 55,000 pounds. Thirdly, if a vehicle is over 75,000 pounds, the maximum HVUT is $550 per year.
Posted on July 7, 2011 by Santamarina Joseph - 2290 form, 2290 tax, e-file 2290, e-filing 2290 tax, Express2290, expresstrucktax, Form 2290, Internal Revenue Service Form 2290, Tax 2290, U.S federal highway use tax form 2290
Posted on July 2, 2011 by Santamarina Joseph - 2290 form, 2290 tax, e-file 2290, efile tax 2290, Express2290, expresstrucktax, file form 2290, Form 2290, Internal Revenue Service Form 2290, Tax 2290, U.S federal highway use tax form 2290
You may be surprised to know that you can actually E-File an IRS Form 2290 to claim a credit for your Heavy Vehicles in some specific scenarios. If a vehicle falls into this particular category, it is referred to as a “Credit Vehicle.” ExpressTruckTax.com allows you to E-File an IRS Form 2290 for these credit vehicles through its tax program.
Heavy Highway Motor Vehicles that were stolen, destroyed, or sold before June 1st and were not used during the rest of the year qualify as a credit vehicle. A heavy vehicle also qualifies as a credit vehicle if it was used for 5,000 miles or less, or 7,500 miles or less if it was used for agricultural use. It is important to also note that a credit, lower tax rate, exemption, or refund is not allowed for an occasional light or decreased load; nor is it allowed for a changed use of the vehicle, or if the vehicle was discontinued.
While the rules that apply to credit vehicles may be confusing and complicated, ExpressTruckTax.com helps make this process simple. The filing process only takes a few minutes. If you need any help, their dedicated customer support team can help walk you through the process.
Posted on July 1, 2011 by Santamarina Joseph - 2290 form, 2290 IRS payment online, 2290 tax, e-filing 2290 tax, EFTPS, excise tax form, Express2290, expresstrucktax, Form 2290, form 2290 download, Tax 2290, U.S federal highway use tax form 2290
As you may know, the New Tax period for filing IRS Form 2290 for HVUT (Heavy Vehicle Use Tax) begins on July 1st.
As you may know, it is now possible to E-File your 2290 from your own computer quickly, easily, and securely.
If you have not ever E-Filed a tax return before, there is no need to worry. The E-Filing process is actually easier than paper filing. We at ExpressTruckTax.com also have a dedicated team of customer support professionals available to help you over the phone, email, or online chat (available in English or Spanish). All you need to File this IRS Form is your EIN (Employee Identification Number), Address, Phone Number, VIN’s (Vehicle Identification Numbers), and Gross Vehicle Weight and our program will take care of the rest.
There have also been a few changes this year in the filing process. The IRS will no longer be mailing out paper forms to drivers. This a very significant change, because you will not be able to rely on the IRS to send you the Form to remind you to file. This year, no one will receive that form via postal mail. The IRS Form 2290 is due between July 1, 2011 – August 31, 2011. If you E-File with ExpressTruckTax.com you will receive email reminders each yearso that we can keep you informed even though the IRS may not.
Filing a Form 2290 does not need to slow you down. If you use ExpressTrucktax.com your filing process can be as quick as just a few minutes! That sure beats driving to the IRS office.
Express Truck Tax continues to be an Industry Leader in Innovation and New Technologies
In preparation for the upcoming 2011 – 2012 tax period, Express Truck Tax has announced the simplest, most secure, and most economical way to file IRS Form 2290 (Heavy Vehicle Use Tax).
Since the introduction of E-Filing Form 2290 in 2007, taxpayers with 25 or more reportable heavy vehicles have been required to electronically file with the IRS. This primarily includes larger trucking companies. Unlike most HVUT E-File providers who have historically targeted only large trucking companies, Express Truck Tax specializes in serving owner operators and small trucking companies.
These owner operators and small trucking companies benefit from the most affordable pricing in the industry. The US-based company, Express Truck Tax, allows users to file an IRS Form 2290 for as little as $9.90; the industry average for this service consistently averages about $30 for a single vehicle filing.
Express Truck Tax also uses the most practical and understandable language throughout the filing process. Instead of using an enormous form with confusing tax jargon, each part has been broken down into easy to understand sections. There are even help videos and text on each page to guide the user through the process. There is also free phone and chat support, as well as 24/7 email support for any questions along the way.
The simplification of this process has caused a surge in small trucking companies across North America to begin E-Filing their Form 2290 with Express Truck Tax. “We knew we had a good idea,” said Charles Hardy, Communications Director with Express Truck Tax, “but we never expected this kind of response. [The response] has been fantastic.”
Last month, Express Truck Tax became the first authorized HVUT E-File provider to offer complete service and support in Spanish. In addition to integrating the Spanish-language option into their current E-filing system (http://www.ExpressTruckTax.com), ExpressTruckTax has also released a new website (http://www.Forma2290.com) exclusively for Spanish speaking taxpayers who need to file HVUT returns. “In previous years, the Hispanic trucking community has generally been under-served,” said Moises Mejia, Director of Spanish Services with ExpressTruckTax. “While HVUT E-filing has been available since 2007, no provider has ever offered those services in Spanish – until now.”
James Harris, Director of Tax Products with Express Truck Tax, also commented on the significance of the Hispanic trucking community: “Reports show that one in seven long haul drivers speak Spanish as their primary language, and that number is expected to rise.” To support the additional Spanish-speaking taxpayers, Express Truck Tax has added more staff to their support center in Rock Hill, South Carolina. All support functions, including phone, email, and live chat support, will be available in both English and Spanish.
These are just a few examples of how Express Truck Tax has been an industry leader when it comes to innovation and new technology within this industry. There have been many other accomplishments that could also be mentioned here, such as the fact that Express Truck Tax was also the first to introduce Free VIN corrections, and also the ability to directly email the Schedule 1 to the leasing company.
Express Truck Tax also offers many other useful features for those in the trucking industry such as the ability to download a copy of the E-Filed 2290, Schedule 1 Form, and payment vouchers. Preparing IFTA returns can also be done online with Express Truck Tax. State IFTA returns can be automatically generated online with some useful features such as free online trip sheets, an abnormal MPG audit, and a state adjacency check to help boost information accuracy and avoid an audit. James Harris, Director of Tax Products with Express Truck Tax, is looking forward to the new tax period with much anticipation: “We at Express Truck Tax would like to wish all those in the trucking industry a safe and prosperous year. We look forward to working with so many great individuals again during this tax period.”
Posted on June 27, 2011 by Santamarina Joseph - 2290 form, 2290 tax, e-file 2290, efile tax 2290, Express2290, expresstrucktax, file form 2290, file tax 2290, Form 2290, Tax 2290, tax 2290 efile
When it comes to E-Filing your IRS Form 2290 through an authorized E-File provider such as ExpressTruckTax.com, there are several different payment options. Taxpayers can pay by Electronic Funds Withdrawal, EFTPS, Check, or Money Order. The options to pay by check or money order may be easier to understand, but the options for Electronic Funds Withdrawal and EFTPS may need an additional explanation.
If you elect to pay by Electronic Funds Withdrawal, you can use either a checking or savings account. You will need to enter the US Bank Account Number and Routing Number in order for the IRS to Process the payment. This information is typically listed on a check.
EFTPS is short for Electronic Federal Tax Tayment System. It is a government program that allows you to schedule Federal Tax Payments electronically. If you select to pay by this option, you are acknowledging that it is your responsibility to send the tax payment to the IRS through the EFTPS.gov website.
Posted on June 16, 2011 by Santamarina Joseph - 2290 Amendments, 2290 form, 2290 tax, e-file 2290, efile tax 2290, Express2290, expresstrucktax, file form 2290, file tax 2290, Form 2290, Tax 2290, tax 2290 efile
The following information regarding HVUT can be found on the IRS website at http://www.irs.gov/efile/article/0,,id=231565,00.html The law that governs the annual tax imposed on the use of heavy highway vehicles (Form 2290) expires on October 1, 2011. We have not published Form 2290 for the taxable period beginning July 1, 2011 and the form is not available at this time. As soon as we know when the form will be available, we will provide that information on this page. In the meantime, you can still get your tags and register your new or used vehicle.Getting Your TagsYou can get tags for the tax period beginning July 1, 2011. Existing regulations allow states to register a heavy highway vehicle when the application for registration is received during the months of July, August or September 2011. States can accept as proof of payment a Form 2290 receipted Schedule 1 for the taxable period July 1, 2010 through June 30, 2011.Registering Your New or Used VehicleStates must register new and/or used heavy highway use vehicles without proof of tax payment if you present the original or a photocopy of a bill of sale showing that the vehicle was purchased by the owner during the 60 days before the date the state received the application for registration. Getting a Copy of Your Schedule 1Call our Excise Tax division at 1-866-699-4096 to get a copy of your Schedule 1 for the taxable period July 1, 2010 through June 30, 2011. From Canada or Mexico, call 1-859-669-5733 (not toll-free).If you need any additional information, feel free to contact us at (704) 234-6005 or email us at support@expresstrucktax.com
Posted on June 10, 2011 by Santamarina Joseph - 2290 form, 2290 tax, E-file form 2290, expresstrucktax, Form 2290, form 2290 electronic filing, Free VIN Correction, heavy vehicle use tax, HVUT Filing, Tax 2290, taxes online, Truck Tax
If you will be filing an IRS Form 2290 for Heavy Vehicle Use Tax (HVUT) for yourself, your company, or on behalf of others; then you are probably ready to get that process completed as soon as possible. The official beginning of the tax period for filing HVUT begins on July 1st, and thanks to the good folks at ExpressTruckTax.com, your filing season could also end on July 1st.
As you know, the IRS requires anyone filing Form 2290 for more than 25 heavy vehicles to e-file the return, and the IRS also encourages e-filing for everyone else. ExpressTruckTax.com is the simplest way to get your IRS Form 2290 completed and sent to the IRS. Instead of using the incredibly slow process of postal mail, or actually driving to the nearest IRS office, ExpressTruckTax.com allows you to electronically send the return to the IRS and the entire process can be completed in 10 minutes!
