Tag: HVUT form 2290

Your Trucking Guide To IRP Reporting

Posted on March 24, 2021 by - Trucker Taxes

When it comes to truck taxes there are multiple forms to file and tons of deadlines. We know that you’re familiar with your Heavy Vehicle Use Tax Form 2290, and you regularly file your quarterly IFTA return, but what about your IRP return?

Your IRP return is actually pretty closely related to your HVUT return, and IFTA report, because you need your Schedule 1 to complete your IRP return, and you also need to track your mileage per jurisdiction. This may seem overwhelming, but we’re here to help clear everything up.

The Trucking Guide To IRP Reporting

First of all, IRP is the International Registration Plan and it’s a reciprocal agreement that authorizes proportional registration among the 48 contiguous United States and 10 Canadian provinces.

This agreement provides apportioned payments based off of the total distance operated in each jurisdiction (state). That means the operator of the vehicle must report the number of miles traveled per jurisdiction on an annual basis and pay the amount of taxes they owe to their base jurisdiction (home state).

IRP Requirements

You are responsible for completing your IRP return if you operate a heavy vehicle that operates in more than one jurisdiction and it:

  • Weighs more than 26,000 pounds
  • Has three or more axles, regardless of weight, or
  • Is a power unit and trailer with a gross vehicle weight higher than 26,000 pounds.

To first receive your IRP license you must register with your base jurisdiction. Then you will receive your IRP license, which should be carried in your cab at all times. You will also have a specially marked license plate.

Then each year you will need to file your IRP return to renew your tags and to continue legally operating in multiple jurisdictions. Your IRP return deadline is based on the expiration date on your license plate.

In order to complete your return, you need to list the mileage traveled per jurisdiction during the year. Your mileage can be recorded with the same online program you use for your IFTA report, like ExpressIFTA.

Generating a Mileage Report

ExpressIFTA makes it incredibly easy to import all of your information and track it in one convenient location online. You can use the bulk upload feature to import all of your information at once or import all of your data from your ELD device.

You also need a copy of your stamped Schedule 1 to complete your IRP return. You stamped Schedule 1 serves as proof of completing your HVUT Form 2290.

E-Filing Form 2290

You can actually easily file your Form 2290 with ExpressTruckTax to instantly receive a copy of your stamped Schedule 1 via email.

All you have to do to get started is create your free account. Then you can follow our step-by-step instructions to quickly complete your form and transmit directly to the IRS. Then in about 15 minutes you’ll get a copy of your stamped Schedule 1. This is the fastest and easiest way to complete your truck taxes.

Plus, if you need any assistance the live, US-based ExpressTruckTax team is standing by to help. Give us a call Monday – Friday from 9 AM to 6 PM EST at 704.234.6005. We also offer live chat and 24/7 email support at support@ExpressTruckTax.com.

10 Things Truckers Need To Know About IRS Form 2290

Posted on November 11, 2020 by - 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.