Tag: hvut

How To Make An IRS Payment Using A Debit/Credit Card

Posted on July 16, 2021 by - HVUT Payment, HVUT payment online, Pay 2290 with credit card

The 2021-22 tax season is open and in full swing! This means it’s time to file your Form 2290 and make your HVUT payment. 

The IRS offers multiple different ways to make your HVUT payment. It is important to consider each payment method carefully to ensure that your payment makes it to the IRS on time to avoid any late fees. 

This year, the IRS has reopened the ability to pay your HVUT with a Credit/Debit card. This is a reliable way to pay for HVUT payment and have peace of mind that it was sent to the IRS. 

How to Pay the IRS with your Debit/Credit Card

First, make sure that you check the Debit/Credit Card payment option when filling out your From 2290. Please note that you cannot pay the IRS tax payment through ExpressTruckTax. 

Once your Form 2290 is submitted to the IRS, you can go ahead and make your HVUT payment to the IRS. Go to the Pay Taxes by Debit or Credit Card page on the IRS website.

Follow the steps on this page depending on your card type and HVUT payment amount. Be aware that there is also a fee to use your debit/credit card when paying on the IRS site. 

Other Payment Options

If you decide not to pay with a debit/credit card, here are the other options for payment that the IRS accepts:

  • Electronic Funds Withdrawal (EFW)– a standard bank account transfer. You will need to provide your bank account and routing numbers to the IRS. The payment will be withdrawn within 1 or 2 business days
  • Electronic Federal Tax Payment Systems (EFTPS)– a service that the IRS offers to simplify tax payments. You will have to create an account here and enroll in the program.
  • Check or Money Order– If you choose this option, you will have to remember to mail out your check or money order before the HVUT payment due date. Mail it to the following address:

Change Payment on Form 2290

Once you submit your Form 2290, you can change the selected payment method ( unless you picked the EFW option) to the IRS. So double-check and make sure that the payment method you choose is the one you use. 

File and Pay your HVUT Today!

No matter how you decide to pay your Form 2290 HVUT payment, you will still receive your stamped Schedule 1 within minutes after filling.

File your Form 2290 with ExpressTruckTax today! The Form 2290 return deadline is August 31st! File and pay your tax return at ExpressTruckTax or call us at (704) 234-6005 to get started now!

What’s the Deal with Form 2290 Deadlines and Month of First Use?

Posted on March 31, 2021 by - 2290 deadline

Your IRS Form 2290 deadline can be a bit difficult to figure out. There’s a lot of legalese surrounding when your deadline might fall.

This is a problem because late filings and late HVUT payments almost always result in penalties and interest from the IRS. 

Let’s cut through the confusion and phrasing so you can figure out exactly when you need to file your Form 2290.

The Form 2290 Tax Period

Let’s start with the first factor to consider when trying to figure out your Form 2290 deadline – the HVUT tax season. Unlike the primary IRS individual and business income tax year that we are all familiar with, the Heavy Vehicle Use Tax season runs from July 1 – June 30 each year. Why? We don’t know. Who knows why the IRS is the way it is?

What we do know is that if you are using the same truck as the last HVUT tax year, your Form 2290 deadline will be one month after the end of the current tax year – August 31. Since the tax season ends on July 1, the IRS generously gives you almost two months to file your new Form 2290 before the due date. 

But what if you start using a different truck during the tax year?

Form 2290 First Use Month

If you start using a different truck during the tax year, you cannot wait until the typical August 31 deadline to file. You will need to file Form 2290 by the end of the month following the month of first use. So, for instance, if you started using a vehicle in February 2021, you will need to file your Form 2290 by March 31, 2021 (today). 

Then for the next tax year, if you are still using that truck, your Form 2290 deadline will be August 31 along with everyone else. 

What do you need to file Form 2290?

In order to file your Form 2290 by your deadline, you will need the following information:

  • 1. Business Details: Name, EIN, and Address
  • 2.Vehicle Details: VIN. and gross weight of the vehicle.
  • 3. Type of Return: If you are filing a 2290 VIN Correction or amended return, be sure to choose the type of amendment.
  • 4. Suspended Vehicle Details: If your vehicle is tax suspended choose the mileage category and enter the VIN.
  • 5. Paid Preparer Details: If you are Tax Professional filing for your clients, Enter your Firm name, address, EIN, name, and PTIN.

File your Form 2290 today!

If you started using a truck in February or earlier, you need to file your Form 2290 by midnight tonight!

We provide easy-to-follow prompts and we guarantee you’ll get your stamped Schedule 1 back from the IRS! The whole process only takes a few minutes.

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.

The Most Common IRS Form 2290 Mistakes to Avoid

Posted on March 16, 2021 by - Form 2290

 

There’s nothing worse than having to file your annual truck taxes twice. 

Avoid IRS Form 2290 mistakes this year when you e-file 2290 with ExpressTruckTax.

We’ve got a few tips to make the process as painless as possible and save you from any unnecessary corrections.

Filing IRS Form 2290 before the deadline will save you tons of money, but mistakes could keep you from meeting the Form 2290 due date and cost you a sweet penny.

Avoid frustration and confusion by double-checking some information that commonly delays IRS Form 2290 approval.

The Most Common IRS Form 2290 Mistakes to Avoid

5 Common IRS Form 2290 Mistakes

 Here are some things to be extra cautious about when filing your 2290 Form.

How to Check These Areas For Error

  • 1) EIN (Employer Identification Number) or VIN (Vehicle Identification Number)

A unique EIN is assigned to each company operating in the US as a form of identification for tax purposes. Your EIN should be a string of 9 numbers, presented in this format: 12-3456789.

Since this number looks similar to a social security number, filers often confuse the two, causing the IRS to reject the 2290 Tax Form.

Keep in mind that it takes 10 business days for the IRS to update its database with a new EIN. If you’re applying for a new EIN, do so at least a month before you e-file IRS 2290 to avoid delays.

Your VIN should be 17 characters long and include both numbers and letters. Check your VIN before submitting your 2290 Tax Form. If incorrect, your IRS Form 2290 will be rejected.

The best online tax filing is quick. Don’t waste unnecessary time with mistakes. When you e-file 2290, double-check your Form 2290 and ensure that your EIN and VIN are correct.

  • 2) First Used Month or Filing Year

When filing IRS Form 2290, make sure you use the correct filing year.

Note: If you’ve used an online filing service before, the drop-down menu could be set to a previous 2290 Tax Form file year. Double-check!

Secondly, choose an accurate first used month.

The first used month is the month you first used the truck on the highway during the tax period, which runs from July 1 to June 30 of the next year. Your Truck Tax form is due on the last day of the month after your first used month.

This means if you first used your vehicle in July, as most drivers do during the tax season, then you will need to file your IRS 2290 Tax Form by August 31.

  • 3) Gross Taxable Weight

IRS Form 2290 tax calculations can be tricky, but don’t sweat it. At ExpressTruckTax, our system automatically calculates your owed tax amount. Leave all 2290 tax form math to us.

It’s important to find the best online tax filing service to save yourself time and money. ExpressTruckTax can help!

  • 4) Authorized Signatory Details

It’s super easy to sign your IRS 2290 online. All you need is a 5-digit authorized signature code. Still, no matter how simple it sounds, please just… double-check. 

  • 5) Business Name & Address

You’d be surprised at how many returns are rejected for this information being incorrect!

The wrong business name and address is the most common error on the heavy vehicle use tax form 2290. Don’t let it happen to you!

Double-check your business name and address before submitting your IRS Form 2290.

Why is it so Important to Avoid IRS 2290 Mistakes?

Even the simplest mistake on your IRS Form 2290 can cause serious problems. For starters, your 2290 Tax Form will definitely be rejected by the IRS.

This is a huge time waster and may cause you to miss the HVUT 2290 Tax Form Deadline.

If this happens and you miss the deadline, you’ll need to correct your Form 2290 and file again, attaching an explanation to show reasonable cause for the delay of your heavy vehicle use tax.

There’s no guaranteeing that your statement will be accepted by the IRS, and if it’s not, you’ll face heavy IRS 2290 Tax Form penalties.

The penalty for failing to file IRS Form 2290 by August 31st is 4.5% of the total tax amount owed. Plus, you still have to pay the base HVUT 2290 amount you owe.

In addition, this penalty will increase monthly for up to 5 months, with an additional .54% interest added for each month that it remains unpaid.

Save yourself while you can and double-check your Form 2290 before you e-file 2290 online.

The Best Online Tax Filing Service to Use

ExpressTruckTax makes filing easy. When it comes down to it, we simply don’t believe that filing IRS Form 2290 should be so difficult.

We include an instant error check to help catch any mistakes hidden in your 2290 Tax Form. We also have a US-based customer support team ready to help you every step of the way.

With features like bulk upload, free VIN corrections, and a mobile app, we’re committed to hosting your best filing experience yet.

Sign up for a free account today and you’ll agree that ExpressTruckTax is the best online tax filing option for Form 2290.

How ExpressTruckTax Helped Truckers in 2020

Posted on February 2, 2021 by - ExpressTruckTax benefits

2020 was a wild year, but through it all the American trucker led the way in hauling our goods and keeping our shelves stocked. We want to thank you and let you know that we were working for you every step of the way. Here are just a few of the ways that ExpressTruckTax helped to support American truckers during 2020.

Trademark

Out of the over 31 million businesses in America, only around 800,000 have a trademark. This legal designation helps American businesses identify their products and services and distinguish them from those of their competitors. We are excited to go into 2021 having officially secured the trademark for ExpressTruckTax!

Over the past ten years, we have had the good fortune to develop a distinctive history and reputation with our loyal following of American truckers. As such, we have become the market-leading Form 2290 e-filing solution. As we continue to add more features and tools, we would like our new and returning clients to be assured that they are getting the best quality software on the market at an affordable price.

Thankfully, our approved trademark for “ExpressTruckTax” will help us eliminate dishonest copycats who have been intentionally misleading American truckers by misrepresenting our brand. You can rest assured that we will always defend ourselves against infringements past and present. Thank you for your trust, and we will continue to fight to provide top quality service at an affordable price.

Prefiling

In 2020, truckers helped America and we wanted to give them a chance to beat the Form 2290 crowds of August and September by filing ahead of time. Prefiling also means that ExpressTruckTax clients have their forms processed first by the IRS, so they get their stamped Schedule 1 back fast.

So to help more truckers have peace of mind about their Heavy Vehicle Use Taxes (HVUT), we opened up prefiling earlier than ever. Starting in May of 2020, truckers could pre-file their 2020-21 Form 2290 and ExpressTruckTax sent them to the IRS as soon as they began processing 2290s on July 1.

We look forward to providing e-filing services early again this year. Be on the lookout this spring!

ExpressGuarantee

In a further effort to give back to truckers in 2020, we put in place our new ExpressGuarantee. This new feature guarantees that Form 2290s filed through our system will be accepted by the IRS and clients will receive their stamped Schedule 1 or their money back.

Our US-based customer support team will also do everything they can (for free) to resolve IRS rejections. If they still cannot get your 2290 accepted, we will refund your service fee, no questions asked. Now there’s no reason not to file with us!

ExpressStats

During peak 2290 season, in July and August of 2020, we published some of our most interesting statistics about truckers. While no personal information whatsoever was disclosed, the stats represented a snapshot of data among our thousands of clients. This information included most popular truck brands, cities and states with the largest number of HVUT e-filers, and much more. 

Check out ExpressStats now!

File your 2290 today

If you need to file your Form 2290, be sure to take advantage of our ExpressGuarantee and get your stamped Schedule 1 back quickly!

Pricing starts at just $9.90 for a single truck.

No Need To Wait, The IRS is Processing Form 2290s Again

Posted on January 18, 2021 by - Form 2290

The IRS typically stops processing Form 2290s for a short period of time every year. This year from late December to early January, the IRS briefly put a hold on Form 2290s. 

But now the IRS is back! If you e-file your Form 2290 today, it will most likely be processed today! Be sure to go e-file with us if you haven’t already!

January Form 2290 Deadline

When did you first use your heavy vehicle on public highways during the Heavy Vehicle Use Tax (HVUT) period? Because if it was in December, then your Form 2290 is due by January 31, and that’s only a little over a week away.

If you need to file, luckily you have ExpressTruckTax to help you complete your form in a matter of minutes online. However, we go beyond e-filing. We’re also here to share important Form 2290 information so you will always know exactly when you’ll need to file. Check out these HVUT deadline tips.

Was December Your First Used Month? Then File Your 2290 

You file 2290 online based on the month that you first use your heavy vehicle on public highways during the tax period. This is so you won’t pay for the months that your truck wasn’t on the road.

The HVUT period runs from July 1 to June 30 of the following year and you have to file by the last day of the month following your first used month. That means if you first used your truck in December then you need to file by January 31 or you will have penalties to face.

Because most people first use their trucks in July, when the HVUT period begins, August 31 is a major deadline day. Filing your Form 2290 is incredibly important because the taxes collected are used to repair, maintained, and build public roads.

As a result of filing, you will get a copy of your stamped Schedule 1, which serves as proof of filing and paying your HUVT tax. This form is actually needed to renew your tags and to complete your IRP return.

HVUT Penalties

If you fail to file by the deadline you will have expensive penalties to face. For example, for failing to file by the due date you will face a penalty 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 doesn’t fully cover the amount you owe you will face an additional penalty of 0.5% of the total amount due. Also, there is an additional penalty of .54% as well.

But worst of all, if you don’t file you won’t have a copy of your stamped Schedule 1, which is required by the DMV so you can keep legally operating. Don’t get parked, file by the deadline with ExpressTruckTax.

E-Filing With ExpressTruckTax

We have streamlined the e-filing system to make it incredibly quick and easy. You don’t have to download anything or head to the IRS office. Simply create your free account and follow the step-by-step instructions to instantly complete your form and transmit it directly to the IRS.

Our instructions explain what information is required to complete your form and where it needs to be entered. Plus, our internal audit check will scan your 2290 form to catch any basic errors before it’s sent to the IRS.

As a result of filing with us, you will receive a copy of your stamped Schedule 1 in about 15 minutes via email.

Best of all, our live, US-based support team is ready to help. If you have any questions call us at 704.234.6005 Monday – Friday from 9 AM to 6 PM EST. We also offer live chat and 24/7 email support at support@ExpressTruckTax.com.

Merry Christmas from the ExpressTruckTax Family!

Posted on December 21, 2020 by - Merry Christmas

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

Posted on November 30, 2020 by - First Used month

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.

Everything You Need to Know About Form 2290 Taxable Vehicles

Posted on October 13, 2020 by - Taxable Heavy Vehicle

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?

Posted on October 5, 2020 by - Form 2290 rejection

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.