Category: form2290.net
All About IFTA (Fuel Tax)
IRS Form 2290 Due Dates for the Tax Year 2011-2012
The IRS Form 2290 for Heavy Vehicle Use Taxes (HVUT) must be filed annually for each taxable vehicle that is used on public highways during the current tax period. The normal tax period for heavy vehicles begins on July 1st and ends on June 30th of the following year. A Form 2290 must also be filed once a vehicle is placed in service. The due date for each month is the last day of the following month. For example: if a vehicle is placed in service on October 3rd, the Form 2290 will be due on November 30th.
This Year has been different because the legislation that controls Heavy Vehicle Use Taxes nearly expired. This caused the due dates of several months to be pushed back to November of 2011. That is why the due dates for this year slightly deviate from the traditional dates outlined in the previous paragraph.
Vehicle first used month | Due date |
July-2011 | 30-November-2011 |
August-2011 | 30-November-2011 |
September-2011 | 30-November-2011 |
October-2011 | 30-November-2011 |
November-2011 | 03-January-2012 |
December-2011 | 31-January-2012 |
January-2012 | 29-February-2012 |
February-2012 | 02-March-2012 |
March-2012 | 30-April-2012 |
April-2012 | 31-May-2012 |
May-2012 | 02-June-2012 |
June-2012 | 03-July-2012 |
IRS Form 2290: Heavy Vehicle Use Taxes
- The unloaded weight of any trailers, fully equipped for service, and typically used in combination with the vehicle
- The maximum weight of the load customarily carried on the vehicle and on any trailers customarily used in combination with the vehicle.
- The unloaded weight of vehicle itself, fully equipped for service.
You may wonder what the IRS considers to be a taxable highway motor vehicle that is subject to the Heavy Vehicle Use Tax. The IRS considers taxable Highway Motor Vehicles to be any self-propelled motor vehicle that is designed to carry a load on public highways. Examples of such vehicles include trucks, truck tractors, as well as buses. The IRS does not usually consider vehicles like vans, pickup trucks, panel trucks, or similar sized vehicles because they do not typically meet the 55,000 pound threshold amount.
There are three different categories for HVUT rates for these vehicles.
- Vehicles Below 55,000 pounds do not have HVUT because they do not qualify as a heavy vehicle.
- Vehicles between 55,000 and 75,000 pounds owe $100, plus $22 per 1,000 pounds over 55,000 pounds.
- Finally, for vehicles that are over 75,000 pounds the maximum HVUT is $550 per year.
Express Truck Tax is authorized by the IRS to E-File Form 2290. This way you can get a stamped Schedule 1 in about 10 minutes. The file is electronically submitted to the IRS, and within minutes the file is processed by the IRS and sent back to the person filing. The form will then contain a watermark from the IRS as proof that it has been processed.
As anyone in the Transportation Industry will already know, the filing process for Heavy Vehicle Use Taxes (HVUT) will be a little bit different than normal this year. The Schedule 1 of the Federal Heavy Vehicle Use Tax (HVUT), which is part of the IRS Form 2290, has been extended to November 30 of 2011. It is also not possible to receive a receipt for the Form 2290 until after November 1st. This means that the majority of those filing this tax will not do so until November. However, Once it is available, the folks at Express Truck Tax will be able to help get those taxes taken care of in no time.
IRS Stamped Schedule 1 Form 2290
Although there is not a way to e-file this tax through the IRS website, the IRS has authorized Express Truck Tax to file this return because they have passed the IRS Assurance Testing System (ATS) and/or Business Acceptance Testing (BATS) requirements for Software Developers of electronic business returns to the IRS.
If you choose to mail the form to the IRS, it can take weeks for the IRS to respond with the official Stamped Schedule 1 in the mail. Because particularly if it is a busy time for the IRS. This is precious time that should not be wasted because the Stamped Schedule 1 is required in order to register the vehicle with the state DMV.
If you choose to actually deliver the form to the IRS office, you will be forced to wait in line for a representative to review the form and then stamp the Schedule 1. With this option, you are at the mercy of the IRS. The nearest office could be many miles away, and once you are there is no way to know how long it could take. People have reported that on a busy day at the IRS office, you may have to wait in line for as long as 6 hours.
For these reasons it is easiest to use an online e-filing tool such as Express Truck Tax for your 2290 filing needs. Since it is authorized by the IRS for e-filing, that shows it is a trustworthy and reliable service. Another benefit to using this particular service is that they have a team of Truck Tax experts that can take calls, emails, and online chats regarding any Truck Tax question you may have. For more information on the 2290 filing process, heavy vehicle use tax, IRS payment methods, etc visit the Express Truck Tax website or call our Truck Tax experts at 704-234-6005. You can also email any questions to support@ExpressTruckTax.com and the experts will respond within 24 hours.
Heavy Vehicle Use Taxes (IRS Form 2290) for Commercial Vehicles
Here are the qualifications for commercial vehicles
- A company or corporation owns the title of the vehicle.
- The vehicle is used for business purposes.
- The vehicle is a leased vehicle and in the name of the financial institution that owns it.
- The vehicle exceeds a certain weight and is therefore “classified” as commercial even though it may not be commercially used or commercially owned. A weight of 26,001 pounds or more is always considered to be commercial.
- The vehicle is used to transport hazardous materials.
Commercial trucks are classified into different classes according to their gross weight:
2. Class 2- GVWR: from 6,001 to 10,000 pounds (2,722 to 4,536 kg)
3. Class 3- GVWR: from 10,001 to 14,000 pounds (4,536 to 6,350 kg)
4. Class 4- GVWR: from 14,001 to 16,000 pounds (6,351 to 7,257 kg)
5. Class 5- GVWR: from 16,001 to 19,500 pounds (7,258 to 8,845 kg).
6. Class 6- GVWR: from 19,501 to 26,000 pounds (8,846 to 11,793 kg)
7. Class 7- GVWR: from 26,001 to 33,000 pounds (11,794 to 14,969 kg)
8. Class 8- GVWR: above 33,000 pounds (14,969 kg)
If a Class 8 commercial vehicle weighs more than 55,000 lbs, it is subject to heavy vehicle use taxes. The tax is paid to the Internal Revenue Service (IRS) using the IRS Form 2290. Heavy Vehicle Use Tax is a federal tax. Individual states do not collect the tax. However, in order to properly register your vehicle with the state, you must present a Stamped Schedule 1 from the Form 2290 to the local DMV when registering the vehicle.
The official qualifications to be liable for heavy vehicle use taxes stipulate that a vehicle must have gross weight 55,000 lbs or more. The IRS defines taxable gross weight as the sum of:
- The unloaded weight of a vehicle that is fully equipped for service
- The weight of any unloaded trailers, equipped for service, and typically used with the vehicle
- The maximum weight of the load customarily carried on the vehicle and on any trailers customarily used with the vehicle.
ExpressTruckTax.com is an IRS authorized E-File provider who can help you file form 2290 as well as keep secure online records of previously filed form 2290’s. For more information on the 2290 filing process, heavy vehicle use tax, IRS payment methods, etc visit the Express Truck Tax website or call our Truck Tax experts at 704-234-6005. You can also email any questions to support@ExpressTruckTax.com.
President Barack Obama Pushes for the Renewal of Transportation Bills
Among other things, the main focus of President Obama’s speech revolved around the necessity of renewing the Transportation Bill that is currently set to expire September 30. The primary arguments for extending the bill were that not extending it would cost up to a million jobs of hard working highway workers and extending the bill would also bring much needed tax revenue to fund road repairs and maintenance.
“Now is the time for Congress to extend the transportation bill, and keep our workers on the job. Now is the time to put our country before party and give certainty to the people who are trying to get by. There’s work to done. There are workers ready to do it. That’s why I expect Congress to act immediately.” said the President.
Video Link: http://www.c-spanvideo.org/program/ExtensionofTr
Trucking Industry Supports President Obama’s Push for Highway Funding
The current transportation legislation “The Safe, Accountable, Flexible, and Efficient Transportation Equity Act: A Legacy for Users” expired in 2009, but Congress has kept adding extensions to the legislation. The most recent one expires at the end of September. If it is not extended, or if new legislation is not enacted to replace it, the transportation industry will experience a shutdown similar to what the Federal Aviation Administration (FAA) experienced earlier this year.
If there is no immediate solution, the Transportation department will experience about 4,000 jobs to be furloughed without pay, and up to one million jobs if the delay is any longer. These are jobs for the people who build our roads and keep them safe. It would be detrimental and irresponsible to our highway system if this legislation is not kept in place.
The American Trucking Associations (ATA) came out in support of President Obama stating that Congress needed to quickly act on another extension, but more extensions are no replacement for a long-term highway solution. The ATA also urged the administration to use caution when using private sector funding for public infrastructure.
Soon after, The American Association of State Highway and Transportation Officials also released a statement in agreement with the ATA. Another organization that supported President Obama’s push for new legislation came as a surprise was OOIDA (Owner-Operator Independent Drivers Association). This was a bit surprising because OOIDA and the ATA have had a history of having a different opinion than the ATA. But as to this issue they have a similar viewpoint. They also agree that the government should try to avoid private sector funding for public transit.
This delay in the typical tax year for those filing Truck Taxes has affected an entire industry. Once an extension is passed or new legislation is enacted, those Truck Taxes will be able to be filed with Express Truck Tax at www.ExpressTruckTax.com. You can use this service to quickly EFile your Heavy Vehicle Use Taxes with Form 2290, 8849, IFTA and more! It only takes minutes to complete. If there are any questions, you can send them to (704)234-6005 or support@ExpressTruckTax.com.
IRS New HVUT (form 2290) Regulations for 2011
The previously mentioned Heavy Vehicle Use Tax applies to trucks, truck tractors and buses with a gross taxable weight of 55,000 pounds and above. There are also many detailed rules and regulations that apply to vehicles with minimal road use, logging/agricultural vehicles, vehicles transferred during the year, and also those whose first use month was during July. In typical scenarios, vans, pick-ups and panel trucks are not taxable because would [under normal circumstances] fall below the 55,000 pound requirement.
The recently determined filing deadline of November 30 for Form 2290 (Heavy Highway Vehicle Use Tax Return) applies to the tax period beginning on July 1, 2011. This does not only include those vehicles that were used during July, it also includes those whose first use month was during August or September. According to recent statements from the IRS, 2290 tax returns should not be filed and payments should not be made until November 1, 2011.
Regulations for new vehicles that need to be registered will also take effect. Any new vehicle that needs to be registered during July through October of 2011, state DMV’s are now required to accept a Stamped Schedule 1 from the previous year since it is not possible to receive a stamped Schedule 1 until November of 2011. If a vehicle was acquired within the current tax year, and there is not a stamped Schedule 1 for the previous year, the owner only needs to provide some form of proof of purchase to prove that the vehicle was recently placed in his/her possession.
Fortunately, once the Form 2290 is available, the electronic filing service: ExpressTruckTax.com will be able to E-File the form and send it to the IRS in minutes. Express Truck Tax is an IRS Authorized E-File provider for filing Form 2290. The E-Filing Process is very simple; the form can be completed in minutes, and it can be sent to the IRS as soon as it is finished. It is such a time saver when you compare it to waiting in the IRS office for hours or sending it via postal mail and waiting weeks for the IRS to process it. All you will need is your basic information about yourself, and your truck.
How to File IRS Taxes Online?
The IRS encourages everyone to E-File their tax returns because it is quicker and easier to process for the IRS. This is also a less costly option for the IRS. If you are considering E-Filing your Tax Return, there are a few things that you should look for:
A system to file tax returns is by nature going to be complex, but that does not mean that it cannot be user friendly. If a system is too complicated to figure out and there is no customer support options that should be a red flag.
Along with being user friendly, the questions asked should be completely understandable. If you cannot understand what is being asked, check the help guide, or contact the customer service. If there is no customer service available at all, it may be a good time to find another tool.
It is important to remember that the IRS itself has created a list of authorized E-File providers. This list is posted on the Official IRS Website. Anyone planning to E-File a tax return should definitely check their E-Filing source and make sure that they are indeed an authorized E-Filing Service.
One of the best ways to E-File many different types of tax returns is through Express Tax Zone. They offer a wide variety of tax tools for e-filing. You can file something as easy as a tax extension, or something more complicated like Heavy Vehicle Use Tax. The Website for filing Truck Taxes online is www.ExpressTruckTax.com. It is a very simple process to file a complicated task. If you need assistance, you can contact their US-based customer support team of Truck Tax experts. They are available either by online chat, email (support@expresstrucktax.com), or by phone: 704.234.6005.