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Express Truck Tax Customer Spotlight!
Category: filing form 2290 for 2011
File HVUT (Form 2290 Heavy vehicle Use Tax Return) in November 2011
Due to the fact that this filing season for Heavy Vehicle Use Taxes (HVUT) has been changed, the IRS Form 2290 will now be available in November of 2011. The legislation that controls the Heavy Vehicle Use Tax nearly expired earlier in the year, and Congress was forced to extend the current legislation in order to prevent a shutdown of the Government funded Highway and Transportation departments.
The Heavy Vehicle Use Tax is an excise tax that is filed annually on none other than Heavy Vehicles that are used on public roads. Vehicles that are included in the tax must be of a certain weight (55,000 pounds or more) as well as a certain mileage (5,000 miles or more, 7,500 or more if agricultural).
In order to make the filing process easier with the IRS using Form 2290, it is very important that you keep accurate records, just like you would when filing any other type of tax return. It is crucial for anyone filing form 2290 to maintain their records for at least 3 years prior to the filing date for any taxable highway vehicles registered to them. For fleet owners and small trucking companies who have filed form 2290 in the past, it is wise to always keep the 2290 records on hand, as one never knows when IRS inspection may take place. It is even important to save these returns if they are only for a part of a year. In the case of a suspended vehicle (public highway use was less than 5,000 miles/year) it is still necessary to keep records of Form 2290’s filed for them as well.
File IRS Form 2290 (Heavy Vehicle Use Taxes) On Time with Express TruckTax
If you were to ask anyone who has been involved in the Trucking industry for a few years or more, they will be the first to tell you that there are many more business and economic responsibilities for truckers and Owner Operators besides simply getting something delivered at the right time and place. Heavy Vehicle Use Tax, or HVUT, is one of the most common taxes that the IRS imposes on heavy highway vehicles in the United States. Paying this tax properly involves filing the IRS Form 2290. This Form is so easy to E-File online, and thanks to Express Truck Tax, there is no reason to be late, as evidenced by the following points:
• Not filing or not paying is a felony
Fines are bad enough, but it could be worse. Going to court can lead to criminal charges. The IRS & state governments could prosecute anyone who purposely cheats to avoid paying the IRS form 2290. It can also lead to time in prison.
• IRS Penalties
Unless you enjoy IRS Audits and spending time in courtrooms, it is a terrible to not pay your taxes. The IRS can add all kinds of interest and penalties, but if you end up in court over the matter it will lead to the court costs as well as heavy fines.
• Paying Taxes help improve Roads
Paying taxes is never a joyful experience, but you should get some gratification in the fact that much of the taxes paid for HVUT go back into the cost of roads and highway expenses. It just makes sense; if you enjoy using something, you shouldn’t mind paying for it.
• Stay focused on your Trucking business
If these are not paid in a timely manner, the previously mentioned fines, court appearances, and possible jail time could seriously put a halt on your business. The time and energy spent worrying about IRS Audits, Fines, and Court Dates is not worth it. Especially when the taxes are not typically very high.
• It’s So Easy to e-file form 2290
With Express Truck Tax, their team of Truck Tax experts will guide you through the process. All you need to do is login to www.ExpressTruckTax.com and start entering the vehicles that you need to file for. If there are any questions, you can call them at 704.234.6005 or send an email to support@ExpressTrucktax.com.
When you E-file IRS form 2290 with expresstrucktax.com there is no reason that it would not be on time as long as you submit it before the deadline. This year it is even more important to be sure to file on time because the Form 2290 must be filed within the month of November. With this close time frame, it is best to E-File instead of risking it getting lost in the mail. It’s made as easy as 1-2-3 to e-file truck tax with Form 2290 and get IRS stamped Schedule 1 in few minutes. Avoid IRS penalties and Audits by keeping your 2290 records with express truck tax. E-file IRS 2290 VIN Corrections for free of cost.
Filing Federal HVUT Form 2290 in 2011
It has been a wild ride for those waiting to file Heavy Highway Vehicle Use Tax with IRS Form 2290 this year. Although the typical filing season begins in July, this year was different because the tax was set to expire this year. The lack of Congressional action to extend the tax legislation poised the threat of a shutdown of government supported transportation jobs. Although it took several passionate speeches from President Barack Obama concerning the loss of jobs and the negative effects that a shutdown would have on the economy to convince Democrats and Republicans in the House of Representatives and the Senate to act together, they did finally come together and agree to extend the current legislation. Although many industry experts agree that a more permanent piece of new legislation is needed to effectively regulate the industry, this was widely believed to be a step in the right direction.
As of right now, the Filing Season for the current Tax Period will officially begin November 1st, and all Heavy Vehicle Use Taxes will need to be filed by November 30th. This delay threw a lot of people for a loop when they tried to register their heavy vehicle. Since a Stamped Schedule 1 is required to register a vehicle with the DMV, no one was able to provide that over the past few months because the IRS did not accept Form 2290’s and thus did not give out any Stamped Schedule 1’s because that is a part of the 2290 form.
For those who need to file the IRS Form 2290 and receive a Stamped Schedule 1, it is possible to E-File this form online. This way you will receive a stamped Schedule 1 within minutes of filing. This process is much quicker and much more efficient than the old paper filing process. This is especially favorable because there is a shorter amount of time in which to file (Nov 1-30).
To e-file this tax from your home or office, all you need to do is go to the website for the IRS-Approved E-File Provider, Express Truck Tax: www.expresstrucktax.com. The filing process could not be simpler! Most users agree that it is even easier than paper-filing! Even if you have questions, Express Truck Tax has a US-based customer service team of Truck Tax Experts that are standing by to take any calls, emails, or online chats that you may have.
