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FAQs for Truckers Who e-file IRS Form 2290

Who is required to file Form 2290 and pay Heavy Highway Vehicle Use Tax?
Anyone who registers a heavy highway vehicle in their name with a gross weight of 55,000 pounds or more must file Form 2290 and pay the tax. Typically, owners of vans, pickup trucks, panel trucks and similar trucks are not required to file Form 2290 or pay tax on these smaller trucks. Trucks that are used for 5,000 miles or less (7,500 for farm trucks) are also excluded from this tax.

Who is required to e-file Form 2290?
IRS encourage all 2290 filers to e-file. If you are reporting 25 or more heavy highway vehicles for any taxable period, you are required to e-file through an IRS-approved software provider Tax2290.com or TaxExcise.com. Electronic filing improves tax processing and saves you personal resources, including time and postage. In addition, e-file reduces preparation and processing errors. You can e-file your return from your own computer, any time of day or night. Use e-file and your IRS Stamped Schedule 1 is available through Tax2290.com or TaxExcise.com immediately after IRS accepts it.

  • No more waiting for it to come in the mail!
  • No more waiting in a line at any IRS office for paying the 2290 taxes!!
  • No more travelling to any IRS office to get 2290 stamped!!!

All at one place, available at Tax2290.com or TaxExcise.com the #1 efile service provider since 2007.

Why do I need an Employer Identification Number (EIN) to e-file?
IRS need to have a system for protecting your privacy and making sure they know the identify of 2290 e-filers. IRS use a combination of your EIN and your name as a unique identifier for each taxpayer. On an e-filed return, if a taxpayer’s unique ID doesn’t match the IRS records, e-file rejects the return.

Make sure you enter the EIN and the Business Name / Name which you actually used while registering with the IRS, else IRS may reject your 2290 return for mismatch.

When are my Form 2290 taxes due?

Normally, your due date depends on when you put your vehicles in service. In 2011 only, there is an exception for some taxpayers because IRS were not able to provide the Form 2290 until November 1, 2011.

For the Tax Year 2011, IRS tax Form 2290 is due Nov 30!

In 2011, if you were expected to file and pay by the last day of August, September or October you have an extension on your due date until November 30, 2011.

For other years, the annual taxable period begins on July 1 of the current year and ends on June 30 of the following year. For vehicles that are in use at the beginning of the tax period, your 2290 filing deadline is August 31. Taxes on the full tax period must be filed and paid in advance.

The due date for a partial period return depends on the month you first use your vehicle. If you place an additional taxable truck on the road during any month other than July, you are liable for 2290 taxes on it, but only for the months during which it was in service.

You must file Form 2290 for these trucks by the last day of the month following the month the vehicle was first used on public highways. You can find out when Forms 2290 are supposed to be filed in the table below, When Your Taxes Are Due.

These due date rules apply whether you are paying the tax or reporting the suspension of tax. It is important to file and pay all your 2290 taxes on time to avoid paying interest and penalties.

When Your Taxes Are Due

IF, in this period, the
vehicle is first used during
Then, file Form 2290 and
make your payment by*…
July August 31**
August September 30**
September October 31**
October November 30
November December 31
December January 31
January February 28
February March 31
March April 30
April May 31
May June 30
June July 31
*File by this date regardless of when state registration for the vehicle is due
**NOTE: Taxpayers who were expected to file Form 2290 and pay by the last day of August, September or October have an extension on their due date until November 30, 2011.

How will I know the IRS has received my return?
After IRS accept your return, you will receive an e-mail notification. You will also have access to an electronic version of the Schedule 1 containing a watermark of the e-file logo in the background. The Schedule 1 can be printed from your own computer. You may also subscribe for a TEXT Alert and for a FAX Copy of your IRS stamped Schedule 1.

How do I make corrections to my e-filed return?
You can e-file a correction to VIN number typed in Schedule 1 copy[VIN correction], weight and/or mileage reported to IRS.  You will need to make corrections by e-filing an 2290 amendment through Tax2290.com or TaxExcise.com and the corrected Schedule 1 copy will be available through Tax2290.com or TaxExcise.com in minutes.

If I buy another truck after I have e-filed my 2290 for the current tax period, should I e-file my original 2290 again and simply add the new vehicle to the Schedule 1?

No. If you e-file your 2290 and list the vehicles you own on the Schedule 1, then subsequently buy one or more additional trucks, you must file a new Form 2290 listing only the new vehicles. You may e-file that 2290 anytime before the last day of the month following the month the new vehicle was first used on public highways. Review the table above to find your due dates.

May I file one 2290 for two trucks that I place on the road in two consecutive months?
No. The amount of tax you owe depends on the month when you first placed your trucks on the road. In this case, you should file two Forms 2290, one for each vehicle and its partial tax period, and complete a Schedule 1 for each. Your tax will be more for the truck that was placed into service first. In the next tax year, you can file one 2290 for all the trucks you will have on the road for the 12 months of the tax year; that is, between July 1 of the current year and June 30 of the following year.

What should I do if my e-filed return is rejected by the IRS for duplication?
Make sure the correct Vehicle Identification Numbers are listed and are not duplications from a previous filing. Correct any duplication and re-submit the return.

If you are correcting VINs listed on a previously submitted and accepted return, you can now efile a return by marking as “VIN correction. If the new VIN is totally different from what was listed on your original return (Schedule 1), you need to explain why the VIN you are now submitting is different.

When I submitted my Form 2290 electronically, I received an online duplicate filing error. Why did this happen?
When you submitted your return, the system detected that you had already filed a return under the same EIN, for the same tax period, for the same vehicle(s) and/or the same VIN category. Check your return to make sure you are reporting new vehicles only and that the other information you input is correct.

Can I claim a refund electronically for a vehicle that was sold, destroyed or stolen during the tax period?
Yes. You can claim a credit for the tax paid on the next Form 2290 you file in the same or subsequent tax period. Alternatively, a refund of the tax paid can be claimed on Form 8849, Schedule 6, Other Claims. The refund amount will depend on when the vehicle was sold, destroyed or stolen.

Can I claim a refund electronically for a vehicle I used less than 5,000 miles during the tax period?
Yes. If you already paid the tax on a vehicle you used for less than 5,000 miles, you can claim a credit on the first Form 2290 you file for thenext tax period. Alternatively, you can claim a refund of the tax paid on Form 8849, Schedule 6, Other Claims. However, a credit or claim for this refund cannot be filed until the next tax period.

A credit, lower tax, exemption or refund is not allowed for an occasional light or decreased load or a discontinued or changed use of a vehicle.

Call our Help Desk 1-866-245-391 or email all your queries to support@TaxExcise.com, we are very happy to support you through the filing.

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Taxpayers Who File Electronically Must Use e-Signatures!

In an effort to make electronic filing even more secure and paperless, the Internal Revenue Service now requires all taxpayers who file their tax returns electronically to also use electronic signatures. The IRS has eliminated the paper signature document for e-filed returns.

Just as the familiar automated teller machines use personal identification numbers, so does the IRS e-signature process. If filing a joint return, each taxpayer must create and use his or her own PIN to sign the tax return. The IRS also must verify your identity so there will be personal and tax-related questions. You should have your prior year 2009 tax return on hand if it’s available.

There are two ways to create an IRS e-signature PIN: self-select PIN method and practitioner PIN method.

Self-Select PIN Method

Taxpayers who are preparing their own returns using software must use the self-select PIN method. The self-select PIN allows taxpayers to select five numbers (except all zeros) to enter as their electronic PIN signature. The IRS still must verify the taxpayers’ identities. As part of the verification process, you must provide either your adjusted gross income listed on your 2009 tax return or your 2009 PIN used to e-file your return last year. It also will ask for date of birth. For joint returns, both taxpayers must create PINs using this method.
If you have never filed a tax return before, you can still use self-select PIN by using zero as your 2009 AGI. Do not leave this field blank. However, the space for the 2009 PIN should be left blank.
Practitioner PIN Method

Taxpayers who use a volunteer or paid tax preparer may use the practitioner PIN method or the self-select PIN method. The practitioner PIN method allows you to authorize your tax preparer to enter or generate your five-digit PIN on your behalf. You must sign Form 8879, IRS e-file Signature Authorization. The practitioner retains Form 8879 but does not mail it to the IRS. Some tax preparers may use an electronic signature pad for Form 8879 this year. Taxpayers who are age 16 and younger must use the practitioner PIN method.
IRS-issued Electronic Filing PIN

For taxpayers using the self-select PIN method but who cannot recall their 2009 adjusted gross income or their 2009 PIN, the IRS will issue a temporary Electronic Filing PIN (EFP.) This EFP can be used in place of the 2009 PIN and allow taxpayers to complete the self-select PIN method once their identity has been verified. Most tax software will contain a link to the EFP tool or you can search IRS.gov use keywords “ Electronic Filing PIN Request.” You also can use an automated, self-service telephone assistant by calling 1-866-704-7388.
Follow the instructions to receive your electronic filing PIN. Again, the IRS must verify your identity so you will need to provide some personal information and some tax-related information. You will need to know the filing status (i.e. single, married filing jointly, head of household, etc.) and the address used on your 2009 tax return.
The EFP will generate a five-digit number that you can substitute for your 2009 PIN. You can then return to the self-select PIN method, place the temporary EFP in the appropriate field and complete the signature process.
Ordering Your 2009 Tax Transcript

If you are unable to complete the EFP application and you cannot locate your 2009 tax return, you can order a transcript which will contain information such as your AGI that you can use to complete the self-select PIN method. There is no fee for a transcript.
The IRS has a new process for 2011 that allows you to order your transcript from IRS.gov. Just look for “online services” on the home page or search “Order a Transcript.” Your transcript will be sent to the address listed on the 2009 tax return. You also can call 1-800-908-9946 to order a transcript.
You can go to IRS.gov and print Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript. The form can be completed and then faxed or mailed according to the form’s instructions. Generally, you do not need a copy of your exact tax return in order to complete the PIN process. Allow 7 to 10 days to receive the tax transcript.
Signing a joint return when spouse is not available.

If your spouse is serving in a combat zone and you do not have power of attorney, you can still create a self-select PIN for your spouse and e-file the return. After e-filing your return, just submit a signed statement explaining your situation with Form 8453, U.S. Individual Income Tax Transmittal for an IRS e-file Return, and mail according to the instructions.
If you have power of attorney for a military spouse or anyone who must file a tax return, you can use the self-selection PIN method to sign their return. You must also attach the power of attorney to Form 8453 and mail both to the IRS. Again, you should follow the mailing instructions on Form 8453.
Form 8453 can be used to submit any required paper documents in support of your tax return.
This Information has been shared by www.TaxExcise.com

www.TaxExcise.com is committed to provide the Best in Quality and Service for all our users, www.Tax2290.com /www.TaxExcise.com is a certified, IRS authorized  e-file service provider for Form 2290, Form8849 and For m 720.Tax2290 is a product of ThinkTrade Inc and a part of TaxExcise.com. We are a BBB accredited company with A+ certification.
For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at support@taxexcise.com

Services We Offer & Benefits You Get

File Excise Tax Online

When it comes to excise taxes, we got everything you need! Our smart and simple application can help you file your Form 2290Form 2290 Amendments and Form 8849 in minutes.

You may have a single truck or a fleet of millions, our application can keep you moving. Here are some of the great features you’ll enjoy when you file with Tax2290.com.

Appropriate tax calculation

No complex calculation or spreadsheets will be shown to you. You key in the numbers, Our application does the rest.

Simple system

Help text windows and clear instructions are available on all the pages. We have done everything possible to make your filing process simple.

Industry Experts

No one has more experience with excise tax e-Filing than we do. We are the first certified partners with the IRS for efiling form 2290 We know the in and out of form 2290.

Bulk upload

Do you have thousands of Truck to file for? There is no need to enter each VIN individually. Our application has a bulk upload feature that lets you upload an Excel sheet with VIN of your entire fleet!

Quick Filing

You can complete your filing within minutes, when it comes to e-Filing 2290 with us. File your Form and receive your Schedule 1 minutes.

We have more to offer than just Form 2290 filing. We also offer a number of other services to get all your filing done in one place.

Faster credits

While filing your Form 2290, our system will identify your credits and help you quickly and easily file Form 8849, so you get your money back from the IRS ASAP.

Filing amendments

Did taxable gross weight increase on your vehicles? Did you exceed the mileage limit on suspended vehicles? Our application allows you to file amendments to your filing to insure that you send the most accurate information to the IRS.

VIN correction

Vehicle identification numbers can be as long as 17 digits. If you key in one wrong, and it can mess up your filing. File quick VIN corrections with Tax2290.com

We have got the fastest application, but if you still don’t have time, call us or email us. We can file for you  through our Full Service option.

CPA’s, Tax Professionals and Book keepers you get all these features with a reduced price and package. You won’t find a better combination of affordable price and knowledgeable people any where else so get started and act fast.

Taxexcise.com is committed to provide the Best in Quality and Service for all our users, www.Tax2290.com/www.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 2290.Tax2290 is a product of ThinkTrade Inc and a part of TaxExcise.com. We are a BBB accredited company with A+ certification.

For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at support@taxexcise.com

Excise Tax Return Form 720 can be filed electronically!

Form 720, Quarterly Federal Excise Tax Return, is used to report and on excise taxes collected by the business for a variety of products and services. Use Schedule A to show the amount of your total liability for excise taxes for the quarter.

When Must Form 720 Be Filed

The form must be filed quarterly:
1st quarter – April 30

www.taxexcise.com

2nd quarter – July 31
3rd Quarter – October 31
4th Quarter – January 31.

Trust Fund Tax

Excise taxes are a trust fund tax, meaning that they are collected by the business and held in trust, then paid to the IRS at specific times. If the full amount of the tax is not submitted when due, a trust fund recovery penalty may be imposed.

A payment voucher is included with Form 720. Include it when you send your payment. Send the form and payment to:

Department of the Treasury
Internal Revenue Service

Is electronic filing of Form 720 required?

Electronic filing of Form 720 is optional for any taxpayer who chooses to e-file.  Still IRS recommends e-filing.

How do I choose a transmitter to e-file Form 720 returns?

IRS has posted the contact information of all approved e-file transmitters .  You will need to select one to your liking.  IRS does not endorse any one provider and cannot make recommendations.  All listed providers are approved to submit returns to the IRS electronically.

When can I e-file Forms 720?

IRS is currently accepting electronically-filed Forms 720. Forms can be submitted online 24 hours per day.

Where and how do I access the electronic Form 720 returns?

Taxpayers will be required to submit their electronic Excise Tax forms through an approved transmitter/software developer.

Will it cost anything to e-file Form 720 returns?

Yes.  To electronically file Form 720 taxpayers will incur the cost of the provider’s required service fee for online submission.

What are all Excise Tax forms can be filed electronically?

At this point, the Excise forms available for electronic filing are Form 2290, Heavy Highway Vehicle Use Tax, Form 720, Quarterly Federal Excise Tax and Form 8849, Claim for Refund of Excise Taxes (Schedules 1,2,3,5 & 6,8).

How will e-file of Form 720 improve results?

Electronic filing of Form 720 will allow IRS to provide expedited and improved service and reliability to taxpayers while reducing processing time and errors.

www.tax720.com, an online website to file a “Quarterly Federal Excise Tax Return – Form 720”. Businesses and Tax Professionals can now file their quarterly Federal Excise taxes electronically (e-file) or a standard paper return using our product. We support forms 6627, 6197, Schedule C, Schedule T and Schedule A, for both paper and electronic filings.

ThinkTrade, Inc. has a successful proven track record of supporting Heavy Vehicle Use Tax Form 2290 (www.tax2290.com) and Claim for refund of Excise taxes Form 8849 (www.tax8849.com). All of these excise tax filing forms are grouped into a single website at: www.taxexcise.com for your convenience !!

Ten Tips for Taxpayers Who Owe Money to the IRS

IRS
www.irs.gov

While the majority of Americans get a tax refund from the Internal Revenue Service each year, there are many taxpayers who owe and some who can’t pay the tax all at once.   The IRS has a number of ways for people to pay their tax bill.

The IRS has announced an effort to help struggling taxpayers get a fresh start with their tax liabilities. The goal of this effort is to help individuals and small business meet their tax obligations, without adding unnecessary burden.  Specifically, the IRS has announced new policies and programs to help taxpayers pay back taxes and avoid tax liens.

Here are ten tips for taxpayers who owe money to the IRS.

  1. Tax bill payments If you get a bill this summer for late taxes, you are expected to promptly pay the tax owed including any penalties and interest.  If you are unable to pay the amount due, it is often in your best interest to get a loan to pay the bill in full rather than to make installment payments to the IRS.
  2. Additional time to pay Based on your circumstances, you may be granted a short additional time to pay your tax in full. A brief additional amount of time to pay can be requested through the Online Payment Agreement application at www.irs.gov or by calling 800-829-1040.
  3. Credit card payments You can pay your bill with a credit card. The interest rate on a credit card may be lower than the combination of interest and penalties imposed by the Internal Revenue Code. To pay by credit card contact one of the following processing companies: Link2Gov at 888-PAY-1040 (or www.pay1040.com), RBS WorldPay, Inc. at 888-9PAY-TAX (or www.payUSAtax.com), or Official Payments Corporation at 888-UPAY-TAX (orwww.officialpayments.com/fed).
  4. Electronic Funds Transfer You can pay the balance by electronic funds transfer, check, money order, cashier’s check or cash.  To pay using electronic funds transfer, use the Electronic Federal Tax Payment System by either calling 800-555-4477 or using the online access at www.eftps.gov.
  5. Installment Agreement You may request an installment agreement if you cannot pay the liability in full. This is an agreement between you and the IRS to pay the amount due in monthly installment payments. You must first file all required returns and be current with estimated tax payments.
  6. Online Payment Agreement If you owe $25,000 or less in combined tax, penalties and interest, you can request an installment agreement using the Online Payment Agreement application atwww.irs.gov.
  7. Form 9465 You can complete and mail an IRS Form 9465, Installment Agreement Request, along with your bill in the envelope you received from the IRS.  The IRS will inform you (usually within 30 days) whether your request is approved, denied, or if additional information is needed.
  8. Collection Information Statement You may still qualify for an installment agreement if you owe more than $25,000, but you are required to complete a Form 433F, Collection Information Statement, before the IRS will consider an installment agreement.
  9. User fees If an installment agreement is approved, a one-time user fee will be charged.  The user fee for a new agreement is $105 or $52 for agreements where payments are deducted directly from your bank account.  For eligible individuals with lower incomes, the fee can be reduced to $43.
  10. Check withholding Taxpayers who have a balance due may want to consider changing their W-4, Employee’s Withholding Allowance Certificate, with their employer. A withholding calculator atwww.irs.gov can help taxpayers determine the amount that should be withheld.

For more information about the Fresh Start initiative, installment agreements and other payment options visit www.irs.gov.  IRS Publications 594, The IRS Collection Process, and 966, Electronic Choices to Pay All Your Federal Taxes, also provide additional information regarding your payment options. These publications and Form 9465 can be obtained from www.irs.gov or by calling 800-TAX-FORM (800-829-3676).

TaxExcise
www.TaxExcise.com

If you have any Excise Tax claims with the IRS, use http://www.taxexcise.com The ONE STOP SHOP for all your Excise Tax needs. For any further support call us at 1-866-245-3918 or simple write to us at support@taxExcise.com
Links:

  • Publication 594, The IRS Collection Process (PDF)
  • Publication 966, Electronic Choices to Pay All Your Federal Taxes (PDF)
  • Form 9465, Installment Agreement (PDF)
  • Excise Tax Blog, click here
Issue Number: IRS Summertime Tax Tip 2011-14