Category: HUVT Form 2290

Was January Your First Used Month? Time to File Your 2290

Posted on February 28, 2018 by - E-file form 2290, First Used month, HUVT Form 2290, HUVT Form 2290 Deadline, HVUT Form 2290 Tax Period, HVUT Logging Vehicle

When did you first use your heavy vehicle during the Heavy Vehicle Use Tax (HVUT) period? If it was in January, then it is time to file Form 2290!

If this deadline has caught you off guard no need to fear, ExpressTruckTax is here to help you complete your forms in just a matter of minutes. But we go a step further by providing you with important Form 2290 information so you can drive right on through your e-filing experience. Check out these top HVUT deadline tips from the tax experts at ExpressTruckTax.

Was January Your First Used Month? Time to File Your 2290

So why are there so many deadlines for Form 2290? Well, your deadline for Form 2290 is based the first month you’ve used your heavy vehicle on public highways during the current tax period. This is important because you don’t have to pay for the months your truck wasn’t on the road.

Unlike the fiscal year, the Heavy Vehicle Use Tax runs from July 1st to June 20th of the following year, and you need to file by the last day of the month following your first used month. So that means that if you first used your truck back in January, it is time to file…… or face penalties.

So other than the fear of penalties why is Form 2290 so important? Because the taxes collected are used to repair, maintain, and build public roads. Once you file, you will get a copy of your stamped Schedule 1 as proof of filing and paying your HVUT taxes. You will actually need this form to renew your tags and to complete your International Registration Plan (IRP) return.

Fear the HVUT Penalties

If you fail to file by midnight tonight and you are required to do so, you will face expensive penalties. If that doesn’t strike fear into your heart, I am sure this will. The penalty rate for failing to file is a minimum of 4.5 % of the total tax due. This amount will accrue on a monthly basis for up to five months.

Plus, if your HVUT payment is late or is not paid in full, you will owe an additional penalty of 0.5% of the total amount owed. Oh and yeah there is an additional penalty of .54% too.

But wait it gets worst: If you don’t file you will not receive a copy of your stamped Schedule 1, which is required by the DMV to operate your vehicle legally. Don’t get stuck in the pits by this deadline but take a caution lap getting ahead over the competition with ExpressTruckTax.

 

Truck driving down the road at an alarming speed trying to file their Form 2290

Keep on Truckin’ With ExpressTruckTax

Our e-filing system is streamlined for fast and easy use so we can get you back on the road fast. No complex IRS jargon just straightforward interview style questions. If you get stuck in a rut, don’t worry we will give you push no need to get out of the truck! Our dedicated team of tax experts standing by.

When you file with us, you will receive a copy of your stamped Schedule 1 in as little as 15 minutes via email.

Is Your HVUT Form 2290 Due This Month?

Posted on November 29, 2017 by - E-file form 2290, First Used month, HUVT Form 2290, HUVT Form 2290 Deadline, HVUT Form 2290 Tax Period, HVUT Logging Vehicle

ExpressTruckTax explains the HVUT Form 2290 Deadline

As a trucker, you probably know that you have truck taxes to pay. From IRP, IFTA, Heavy Vehicle Use Taxes, and more. You probably also already know that if you miss a deadline you will have hefty penalties to face.

Here at ExpressTruckTax, we don’t want you to get penalized and we understand that your HVUT 2290 deadline can be confusing since it’s based on your first used month. That’s why we’re here to clear things up with the proper HVUT Form 2290 facts. These facts will make you a truck tax expert like all of the incredibly skilled members on our support team.

HVUT 2290 Reminders 

1. Your HUVT Form 2290 is due based on your first used month.

This ultimately means that your Form 2290 is due based on the month that you first use your truck. This is true for all drivers. They do not have to file Form 2290 until the last day of the month after the month that they first use their heavy vehicle on public highways.

For example, if you first use your truck in October then your Form 2290 is due by November 30. If you first use your truck in March then your Form 2290 is due by April 30. Therefore your 2290 can be due in a completely different month from when your friend’s is due.

It’s important to note that the deadline is based on the first used month during the tax period which runs from July 1 to June 30 of the following year. The current HVUT Form 2290 tax period began on July 1, 2017 and will end on June 30.

Because most truckers first use their heavy vehicles in July, the first month of the tax period, most HVUT Form 2290s are due on August 31.

2. You could save money based on your vehicle type.

It’s true, some vehicles are subject to lower tax rates than others depending on what you drive. The different vehicle types include:

E-filing Form 2290 is easy with ExpressTruckTax

Agricultural: These are highway motor vehicles that are used or expected to be used for farming purposes primarily. They must be registered as agricultural vehicles and count as suspended or credit vehicles when used for less than 7,500 miles during the tax period.

Logging: Logging vehicles are used exclusively for hauling timber from or around harvested forest sites. They have to be registered as logging vehicles with your state and are subject to lower tax rates.

Suspended Vehicles: Suspended vehicles are vehicles that are expected to travel less than 5,000 miles during the tax period. (7,500 for agricultural vehicles). They’re also known as credit vehicles. Other examples of credit vehicles include vehicles that were lost, stolen, sold, or destroyed.

3. E-Filing With ExpressTruckTax is Best

We have streamlined the e-filing process to be quick and simple, no matter what month your HVUT Form 2290 is due. Our step-by-step e-filing guide will help you instantly complete your form and transmit it directly to the IRS. Then within about 15 minutes, you’ll receive a copy of your stamped Schedule 1 via email.

Plus, our outstanding, US-based ExpressTruckTax support team is full of truck tax experts who are ready to assist you every step of the way. Give us a call Monday – Friday from 9 AM to 6 PM EST at 704.234.6005, reach us via live chat, or take advantage of our 24/7 email support at support@ExpressTruckTax.com.

You Can File HVUT Form 2290 at GATS

Posted on August 25, 2017 by - E-File HVUT Form 2290, form 2290 due date, Form 2290 Online, GATS, GATS 2017, HUVT Form 2290, HVUT, HVUT deadline, HVUT penalty, Online HUVT

HVUT Form 2290 Deadline

We hope you’re enjoying GATS, the Great American Trucking Show. There’s no party like the trucking one in Dallas, Texas! Just keep in mind that your Heavy Vehicle Use Tax HVUT Form 2290 is due next Thursday on August 31st.

Now that doesn’t have to ruin your good time because you can actually file your Form 2290 with the ExpressTruckTax app while you’re at GATS and the entire process only takes a few minutes to complete. You can file while you wait in line for food, while judges vote on show truck winners, or simply while you sit down to take a break.

How To File Form 2290 With The ExpressTruckTax App?

First, you will download the app to your smartphone or tablet and create a free ExpressTruckTax account with your email address. Then you can start the e-filing process which only takes about five minutes to complete.

You will begin the filing process by entering your business information such as the name, address, and your EIN (Employer Identification Number). If you’re a sole proprietor you can use your personal information, but you still need an EIN. Your Social Security Number will not work in place of your EIN.

Then you will select your tax year and first use month. The current HVUT tax period began on July 1, 2017 and will end on June 31, 2018. Form 2990 is due based off of your first use month, and the deadline is due the last day of the month following the first use month. Most truckers use their trucks in July, making it their first use month, so their Form 2290 is due on August 31st.

Next, you will enter your vehicle information, including the taxable gross weight and VIN (Vehicle Identification Number). Be sure to select if your vehicles were used for any special purposes such as agricultural use or logging because those vehicles are subject to lower tax rate. Also, remember that you’re required to include your suspended vehicles on your Form 2290.

E-File HVUT Form 2290 app

After that, ExpressTruckTax will automatically calculate the amount of HVUT for you, so don’t worry about having to handle any complicated calculations yourself. You can pay the amount you owe to the IRS through direct debit or electronic funds withdrawal, EFTPS, or check or money order.

Then you will be presented with a summary of your information so you can make sure you entered everything correctly. Make sure your VIN, business information, and EIN were entered correctly. ExpresstruckTax will also perform an internal audit on your form to catch any basic errors.

Finally, your filing process is complete and you can sign your form with a 5-digit code of your choice at the bottom of the page to transmit it directly to the IRS. Then within about 15 minutes, you will receive a copy of your stamped Schedule 1 via email.

For an even easier and faster way to file call ExpressTruckTax Plus at 803.386.0320 to have a HVUT expert file for you over the phone. All you have to do is spend a few minutes on the phone and answer a few questions to instantly file your Form 2290 online. Then you will receive a copy of your stamped Schedule 1 via email.

Got Any Questions?

Well, we have the answers! If you need any assistance please don’t hesitate to contact the dedicated ExpressTruckTax support team. We are available over the phone Monday – Friday from 8 AM to 7 PM EST, via live chat, and offer 24/7 email support at support@expresstrucktax.com.