Category: Form 2290

Trucking Spotlight

Posted on August 30, 2012 by - 2290, D, express truck tax, Express Trucking, expresstrucktax, Form 2290, HHVUT, HVUT, K, KD, Old School, photo, Pic, taxes, Truck, truck taxes, trucking, Trucking Spotlight

–  K&D Express Trucking, LLC

–  “Old School”   Getting it done!

Note:
We are proud to showcase our clients’ trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!

Trucking Spotlight

Posted on August 30, 2012 by - 2290, Aug 31, August, E-File a 2290, express truck tax, expresstrucktax, Form 2290, HVUT, Pic, Truck, truck taxes, trucking, Trucking Spotlight, Trucks For You

–  Brenda Swaidner

–  Trucks For You, Inc.

–  Been at Trucks For You, Inc. for 25 years.  They care about their drivers and employees!  They treat you like family, not just a number!

Note:
We are proud to showcase our clients’ trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!

How to Handle a Suspended Vehicle That is Destroyed

Posted on August 29, 2012 by - 2290 deadline, 2290 e-file, Destroyed Vehicle, ETT+, expresstrucktax, Form 2290, heavy vehicle use tax, HVUT, IRS penalty, sold vehicle, Suspended vehicle, transferred vehicle

When you have a suspended vehicle that is destroyed at some point during the year, how do you report that to the IRS? Since there was no tax paid the previous year, you would not have to report the vehicle as being destroyed to the IRS.

If the vehicle had been sold or transferred, it would then need to be reported as a ‘Prior Year Suspended Vehicle’ that was sold/transferred.  You will need the name of the person/business you sold/transferred it to and the date.

If you have a taxable vehicle that was destroyed during the tax year, you would want to make sure that you report that vehicle as destroyed to the IRS for two reasons. First, if you do not report it as destroyed, the IRS will assume you owe the tax on it and you could risk a penalty for not filing.  The other reason is when you file it destroyed, you will be able to claim a refund for the months that you had previously paid for, but it was not used.

Our tax experts at ExpressTruckTax can help you with this question and more.  Or check out our FAQ’s to find answers to your specific situation.  E-File Form 2290 and receive your Stamped Schedule 1 within minutes at ExpressTruckTax.com.

Friday is the deadline so to E-File the Form 2290 online now, go to ExpressTruckTax.com. If you have any questions, contact our friendly US based customer support center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.

Form 2290 Suspended Vehicles

Posted on August 28, 2012 by - agricultural vehicle, e-file 2290, express truck tax, Federal Heavy Vehicle Use Tax, Form 2290, Form 2290 Online, highway motor vehicle, HVUT, suspended vehicles

We here at ExpressTruckTax.com are frequently asked why they have to file a Form 2290 Heavy Vehicle Use Tax Return if they only have a vehicle that is considered suspended.  If a highway motor vehicle does not exceed mileage 5,000 miles or less (7,500 miles or less for agricultural vehicles) it is considered suspended and is exempt from tax.

Mileage use limit means the use of a vehicle on public highways 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is used during a period, regardless of the number of owners.

An agricultural vehicle is any highway motor vehicle that is:

  • 1. Used (or expected to be used) primarily for farming purposes, and
  • 2. Registered (under state laws) as a highway motor vehicle used for farming purposes for the entire period. A special tag or license plate identifying the vehicle as used for farming is not required for it to be considered an agricultural vehicle.

So why would do you have to file?  In order to obtain your registration and/or tags, state require and Stamped Schedule 1 from the IRS for all vehicles 55,000 lbs or more.  You must file Form 2290 in order to receive your Stamped Schedule 1.

At ExpressTruckTax.com, you can file your Form 2290 and receive your Stamped Schedule 1 within minutes. Friday is the deadline so to E-File the Form 2290 online now, go to ExpressTruckTax.com. If you have any questions, contact our friendly US based customer support center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressTruckTax.com.

Trucking Spotlight

Posted on August 28, 2012 by - 2290, AL, Alabama, Brian Sheehan, expresstrucktax, Form 2290, Huntsville, HVUT, IRS, Rocket center, Rockets, tax, Tax 2290, Truck, Truck Tax, trucking, Trucking Spotlight, US Space

–  Brian Sheehan

–  Surrounded by Rockets at the US Space and Rocket Center in Huntsville, AL

Note:
We are proud to showcase our clients’ trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!

Trucking Spotlight

Posted on August 28, 2012 by - 2290, 2290 tax, Detroit Super, Ebay, File 2290, FLD, Form 2290, Heavy Vehicle, HVUT, IRS, irs 2290, MPG, Pruismann, Truck, Trucker, trucking, Trucking Spotlight

– Emel Pruismann
– FLD 120 bought off Ebay
– 12.7 Detroit Super 10
– 3.70 rears
– MPG averages 6.9
– I have never had it so good!

Note:
We are proud to showcase our clients’ trucks on our blog! If you are one of our clients, please send us a picture and details about your truck and we will be happy to post them here. Thank You!