Tag: Form 2290

Merry Christmas from the ExpressTruckTax Family!

Merry Christmas from the ExpressTruckTax family! No matter where you’re truckin’ this holiday season, we hope you and your family have a safe and very Merry Christmas!

We we want to thank you for being the real Santa’s of the world, delivering our gifts and our feasts! Wherever you go, we hope you have safe travels, lovely weather, and a wonderful holiday!

To give our customer support team time with family, our offices will be closed Thursday 12/24 & Friday 12/25, but we will still be providing emergency email support Thursday through Sunday. Just shoot us a message at support@expresstrucktax.com, and someone will get back to you before you can remember the names of Santa’s Eight Reindeer.

And don’t forget that the IRS MeF (Modernized E-File System) will be closing for maintenance from this Friday, December 26th at 1:30 pm EST until mid-January. During the shutdown, you will still be able to E-file your Form 2290 with ExpressTruckTax, but your returns will be held in our system until the IRS site reopens.

To learn more about how the shutdown could affect you, check out our last blog about it.

Need help with HVUT or UCR? 

If the holiday chaos is making it impossible to get all of your work done, call our friends over at ExpressTruckTax Plus. As a premier processing agency, they can file your HVUT and UCR for you, and fast too! Just call 877.520.8640 or email ettplus@expresstrucktax.com.

If Your First Use Month Was October, File Your Form 2290 Today

If you started using a vehicle in October 2020, you need to file your Form 2290 before November 30, 2020!

If you do not file before November 30, you will face penalties and interest from the IRS. You will immediately be hit with a penalty with equal to 4.5% of your owed tax amount.

How to Determine your First Use Month (FUM)

Your Form 2290 First Used Month is the first month that you start using your truck during a particular tax year. Your HVUT is always due at the end of the month following your FUM. 

So if you started using a truck in October 2020, your Form 2290 return will be due at the end of November. The Form 2290 tax year runs from July 1 – June 30 of each year.

How to file your 2290 on time

The easiest way to complete your Form 2290 by the deadline is to e-file with ExpressTruckTax

All you have to do is enter your business information and answer some questions about your truck. You’ll need your FUM, your weight category, and a way to make your IRS payment.

The whole process takes less than 5 minutes and you’ll get your stamped Schedule 1 back in a matter of minutes.

10 Things Truckers Need To Know About IRS Form 2290

 
Time and time again truckers filing their 2290 online tend to ask the same questions and make the same mistakes when it comes to their heavy vehicle use taxes. So let’s go over the most common questions, so they are fresh in your mind when you e-file your 2290.

1. Is my vehicle subject to the HVUT/Form 2290?

You are subject to HVUT/Form 2290 if you are registering a vehicle in your name as an owner-operator or self-employed driver, it weighs more than 55,000 pounds, and you are using it on public roads. The Heavy Vehicle Use Tax applies to both interstate and intrastate drivers.

2. If I am based in Canada or Mexico, does the HVUT apply?

Yes, if you drive your vehicle in the United States. You will need to file a 2290 Form and pay any owed taxes. You will also need to carry proof of tax compliance when entering the U.S. as well.

3. When is the Form 2290 deadline?

IRS Form 2290 returns are due on the last day of the month following your vehicle’s first month of use during the reporting period. That means if your vehicle was on the road last July the deadline for filing is August 31.

If a new vehicle goes into service during the reporting period, you will need to file an additional Form 2290 and pay the tax amount. For example, if you purchased a vehicle in November, you are required to put the vehicle in your name making its first month of use December. In this case, you will need to file an additional Form 2290, and pay owed taxes on or before December 31. This is a partial year filing and will be a reduced tax amount.

4. Can I suspend my Heavy Vehicle Use Tax?

You can apply for a suspension of the Heavy Vehicle Use Tax if you expect to drive your vehicle less than 5,000 miles during the year (7,500 miles for agricultural vehicles).

However, you are still required to file IRS Form 2290 even though you do not have a tax payment. If you do end up driving more than expected, you must file an amendment to your original 2290 and pay taxes.

5. Am I required to file my 2290 Form online?

Only if you have 25 or more qualified vehicles. If you do, the IRS does not require you to file 2290 online. However, the IRS highly encourages all taxpayers to file and pay online with an IRS-authorized e-file provider, like ExpressTruckTax.

6. How can I claim a credit?

Now is the time for you to claim any credits you earned last year. Credits can be claimed using a couple of different methods.

If you ended up driving your vehicle less than 5,000 miles (or 7,500 for agricultural vehicles) you can claim a credit. Or if your vehicle was stolen or destroyed last year, you can also claim a credit. For more information, check out this page.

7. Can I claim a refund on my IRS Form 2290?

Yes, if your credit exceeds your taxes owed on your filing, you will need to file a refund. This can be done by filing IRS Form 8849, Claim for Refund Excise Taxes.

8. What do I need to register my vehicle?

Proof of your HVUT payment is required before you register your vehicles. You will not be registered unless you can provide your stamped Schedule 1.

9. How do I pay 2990 online?

When you file 2290 online with ExpressTruckTax, you can pay via the Electronic Federal Tax Payment System (EFTPS), or by check/money order.

10. Where can I find more information about IRS Form 2290?

You can check out our blog page for more information concerning pre-filing and the upcoming 2290 season. Check out our FAQ page which answers more questions you might have about Form 2290. Or you can find more information via the IRS publication “Instructions for Form 2290.”

We Got Your Back

We understand that we are coming up on a very stressful time for the trucking industry, but we will be there every step of the way. We will continue to supply you with up-to-date information about the IRS Form 2290 deadline.

ExpressTruckTax is a trusted IRS-authorized e-file provider with a simplified step-by-step filing process. We also offer 24/7 support in both English and Spanish to answer any of your questions.

Everything You Need to Know About Form 2290 Taxable Vehicles

Every commercial motor vehicle with a taxable gross weight of 55,000 pounds or more must file a Form 2290 every year.

However, while everyone must file a Form 2290, not everyone must pay the Heavy Vehicle Use Tax (HVUT).

Some vehicles are Form 2290 tax-exempt and do not need to pay taxes to the IRS.

Taxable Vehicles

Most commercial motor vehicles will be subject to HVUT. Every vehicle that has a taxable gross weight of 55,000 pounds or more and drives more than 5,000 miles (7,500 for agricultural vehicles) must file Form 2290 and pay heavy vehicles use taxes.

The taxable gross weight of your vehicle is a sum of the following:

1. The actual unloaded weight of a fully equipped vehicle.

2. The actual unloaded weight of any trailers or semi-trailers that is fully equipped and is generally used in combination with the vehicle. 

3. The weight of the maximum load usually carried on the vehicle and the trailers or semi-trailers. 

HVUT Exempt Vehicles

Low mileage

If you do not drive a vehicle more than 5,000 miles in a tax year, that vehicle is considered tax-exempt! You will need to file a Form 2290 to stay up-to-date with the IRS, but you will not need to pay HVUT.

Agricultural

An agricultural vehicle is defined as a vehicle used exclusively for farming purposes and registered as a highway motor vehicle that is used for farming purposes. 

Agricultural vehicles will also be tax-exempt if they are driven less than 7,500 miles on public roads.

File your Form 2290 today

If you have a commercial motor vehicle you will need to file a Form 2290! There’s no easier way to file than with ExpressTruckTax! The e-filing process is easy to understand and only takes a few minutes.

How do you correct an IRS Form 2290 that has been rejected?

Form 2290 rejection can happen to anyone.

The IRS typically rejects returns for one of three reasons:

  1. The Business Name entered does not match with the EIN listed in the IRS database.
  2. The Bank Routing Number entered in the Electronic Funds Withdrawal (EFW) payment option to pay your HVUT is invalid.
  3. The return is a duplicate of a previously accepted return. Typically, this is because either the EIN or VIN is incorrect.

For more information about these reasons for rejections, click here. But once your return is rejected, what do you do?

How to correct and IRS Form 2290

When you file with ExpressTruckTax, we will notify you as soon as your return is rejected or accepted. If it is rejected, we will also tell you why it was rejected and how to fix it. Retransmitting rejected returns is always free.

Plus, with our ExpressGuarantee, our US-based customer support team will do everything they can to get your return accepted, or your money back. (Learn more about our ExpressGuarantee.)

If your 2290 was rejected because the business information was incorrect, simply log into your ExpressTruckTax account and edit your business details.

If your 2290 was rejected for either of the other reasons, simply click on the return that was rejected in your ExpressTruckTax account. Click on “Fix Errors & Resubmit”. The system will ask you a few questions to help you correct the error. Depending on the issue, you will be taken to the section that needs updating. 

Correct your 2290 now

It only takes a few minutes to correct and retransmit your rejected Form 2290! 

Plus our US-based customer support team is here to help get your 2290 accepted! You can give them a call at (704) 234-6005, between 9am and 6pm EST, Monday through Friday.

The 2290 Deadline Has Passed! How To File Your Return Now

The Form 2290 deadline was August 31!

We understand that life happens and sometimes deadlines slip by. It’s OK, there are still ways to file. 

Unfortunately, late filing does mean that the IRS will tack on penalties and possibly even interest. So it’s best to not wait any longer.

How to file Form 2290 after the deadline

With ExpressTruckTax, filing Form 2290 is quick and simple. You can get back on the road in less than 5 minutes. Simply log in to your ExpressTruckTax account and file for the 2020-21 tax year!

If you have filed with us before and you are filing for the same truck, you can use our Ready Return feature to auto-populate your return! ExpressTruckTax will pull the information from your last return and use it to fill out your return for you. All you have to do is pay the filing fee!

Even if you have not filed with us before, you can still file Form 2290 in less than 5 minutes. All you have to do is enter your business information, vehicle information, and choose how you will pay your HVUT. 

We offer an interview-style filing process with step-by-step instructions, US-based customer support, and free VIN corrections to make things easier for you.

Plus, with our ExpressGuarantee, we guarantee that your Form 2290 will be accepted by the IRS and you will receive your stamped Schedule 1 or your money back! We will help you correct any IRS errors.

How To Correct A VIN Error After The Form 2290 Deadline

The 2020 Form 2290 deadline was August 31! If you entered the wrong VIN on your return, we’ve got you covered!

We know paperwork isn’t the most interesting thing in the world. When you sit down to fill out forms sometimes it’s easy to get distracted and make mistakes. That’s why ExpressTruckTax offers free Form 2290 VIN corrections to our clients.

Here’s what you need to know to correct your VIN after the deadline.

What’s My VIN?

Your VIN is your vehicle identification number. It’s a 17-character-long combination of numbers and letters in a font that is usually small and hard to see.

Therefore, unfortunately, it’s incredibly easy to make typos when entering your VIN on your Form 2290. If you put the incorrect VIN on your 2290 now, there will be hassles and headaches with the DMV later.

ExpressTruckTax wants to save you that trouble. That’s why we work with the IRS as a trusted and secure source to offer free Form 2290 VIN corrections to our clients. And you’ll get your Stamped 2290 Schedule 1 in a matter of minutes.

Why do I need to correct my VIN on Form 2290?

If you accidentally file your Form 2290 with an incorrect VIN, it will cause problems down the line. Since the VIN on the return doesn’t match the VIN on your truck, the DMV and carriers will not accept your stamped Schedule 1.

How do I make a Form 2290 VIN correction?

E-filing a Form 2290 VIN correction is incredibly simple. All you need to do is sign-in to your account and click “Start New Return” then click the “Form 2290 Amendments” option to complete your free VIN correction.

*If you did not file your 2290 with ExpressTruckTax, you can still make a VIN correction, it just will not be free.

Then, simply fill out the Form 2290 VIN correction information and transmit your form to the IRS. You can resubmit your forms as many times as necessary to make VIN corrections for free. The next step is to relax because you’ll receive your updated 2290 Schedule 1 in a matter of minutes!

However, keep in mind that VIN corrections can only be made for taxable and suspended vehicles. They can’t be made for credit vehicles or for prior year suspended vehicles. Also, when filing a free VIN correction you can’t combine it with credits that have been claimed on the same form.

Remember that the original form with the incorrect VIN on it must be paid for by the due date before you submit a correction or the IRS will assess penalties on top of the tax that you actually owe.

E-Filing 2290 VIN Correction With ExpressTruckTax

There’s no way around it, you have to file your taxes. Form 2290 isn’t going anywhere. So, why not make the process of filing your taxes and returns incredibly easy with ExpressTruckTax?

When it comes to Form 2290 Filing we offer step-by-step instructions. Plus you’ll receive your Stamped Schedule 1 by email in a matter of minutes. You can also submit free VIN corrections when you file with us.

Plus, we have an outstanding local support team that’s always standing by to answer your questions. If you need any help please don’t hesitate to contact us via phone or email.

This Is It! The Form 2290 Deadline Is Here!

The 2020 Form 2290 deadline is today! There’s no more time to procrastinate.  Failing to file by midnight will mean serious IRS HVUT penalties and could even mean the suspension of your IRP registration.

If you fail to file, an additional 4.5% of your owed tax amount will be tacked on. And since an up-to-date stamped Schedule 1 is required for IRP registration, your IRP could be suspended if you wait too long.

Meet your 2290 Deadline with ExpressTruckTax

We make it possible for truckers to file Form 2290 on time. With ExpressTruckTax, you can file anytime and anywhere.

It takes less than 5 minutes to file with us, and we provide step-by-step instructions along the way.

Our returns are usually accepted by the IRS within minutes, meaning you will get the stamped Schedule 1 almost in minutes. By comparison, paper filing can take weeks.

And, with our ExpressGuarantee, you can be sure your 2290 will be accepted by the IRS, or we will refund your filing fee. Our US-based customer support team will also do everything they can to fix any errors you might have. 

They are working extended hours until midnight tonight, so you can be sure to get your 2290 filed correctly. Call 803.234.6005 to have your questions answered in English or Spanish.

Pricing starts at just $9.90 for a single truck.

Form 2290: Last Minute Filing Guide

Don’t miss the deadline. File now!

How To Avoid Form 2290 Penalties?

There is one big secret to avoiding IRS HVUT penalties on your Form 2290: filing on time. 

The 2020 Form 2290 is August 31, 2020. You need to file before midnight on August 31st to avoid 2290 penalties

What are the 2290 penalties?

If you miss the deadline, you will incur a penalty equal to 4.5% of the total tax amount you would have owed. Plus, for each additional month, you are late, you will incur another .5% in interest.

That might not sound like much, but don’t forget, failing to have a current stamped Schedule 1 will impact your other licenses. You need a current stamped Schedule 1 to stay up-to-date on most licenses. If you don’t file Form 2290, you could end up being grounded. And if you can’t drive, you can’t make money.

Access our helpful resource to know more about HVUT 2290 penalties.

Here are some Frequently Asked Questions about 2290 Penalties.

File Form 2290 today with ExpressTruckTax in Minutes

Filing with ExpressTruckTax is simple and secure and you can do file from anywhere! Our software is cloud-based and fully compatible with mobile devices.

Plus, if you have filed with us before, our Ready Return feature makes it possible for you to copy the details from a previous return with a single click. 

All your saved business and vehicle information will auto-populate your Form 2290 for 2020 automatically. All you have to do is update your IRS payment information and transmit your return to the IRS. 

And with our ExpressGuarantee, you will receive your stamped Schedule 1 or your money back!

Get Started Now with ExpressTruckTax

Real Truckers Review ExpressTruckTax! August 26, 2020 – Testimonials

Did you know that over 600,000 truckers trust ExpressTruckTax for their Form 2290 needs? That’s right!

Plus we have partnered with some of the largest carriers in the nation to simplify the 2290 for their drivers!

All those clients have shown us a lot of love! Check out some real reviews from real truckers!

Real ExpressTruckTax Reviews!

Excellent program, as always! The only way to file 2290. Thank you!

Rita C. – New Hampshire

Wow! So much easierthan sending paper forms and waiting for the IRS to return the form that some years never comes.

Chuck R. – Iowa

A 10! THANK YOU FOR MAKING IT EASY!

Sandra K. – Minnesota

It is quick, easy, and fairly priced! Thanks for doing it for me again.

James M. – Colorado

Thank you for making filing 2290 so easy. Also for being able to reach someone by phone when you need help!

Diane E. – North Carolina

+600,000 truckers can’t be wrong!