IRS Gives Truckers Three-Month Extension; Highway Use Tax Return Due Nov. 30

Date: July 16th, 2011.

 

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www.TaxExcise.com

 

 

The Internal Revenue Service today advised truckers and other owners of heavy highway vehicles that their next federal highway use tax return, usually due Aug. 31, will instead be due on Nov. 30, 2011.

Because the highway use tax is currently scheduled to expire on Sept. 30, 2011, this extension is designed to alleviate any confusion and possible multiple filings that could result if Congress reinstates or modifies the tax after that date. Under  temporary and proposed regulations filed today in the Federal Register, the Nov. 30  filing deadline for Form 2290, Heavy Highway Vehicle Use Tax Return, for the tax period that begins on July 1, 2011, applies to vehicles used during July, as well as those first used during August or September. Returns should not be filed and payments should not be made prior to Nov. 1.

To aid truckers applying for state vehicle registration on or before Nov. 30, the new regulations require states to accept as proof of payment the stamped Schedule 1 of the Form 2290 issued by the IRS for the prior tax year, ending on June 30, 2011.  Under federal law, state governments are required to receive proof of payment of the federal highway use tax as a condition of vehicle registration. Normally, after a taxpayer files the return and pays the tax, the Schedule 1 is stamped by the IRS and returned to filers for this purpose.  A state normally may accept a prior year’s stamped Schedule 1 as a substitute proof of payment only through Sept. 30.

For those acquiring and registering a new or used vehicle during the July-to-November period, the new regulations require a state to register the vehicle, without proof that the highway use tax was paid, if the person registering the vehicle presents a copy of the bill of sale or similar document showing that the owner purchased the vehicle within the previous 150 days.

In general, the highway use tax applies to trucks, truck tractors and buses with a gross taxable weight of 55,000 pounds or more. Ordinarily, vans, pick-ups and panel trucks are not taxable because they fall below the 55,000-pound threshold.

For trucks and other taxable vehicles in use during July, the Form 2290 and payment are, under normal circumstances, due on Aug. 31. The tax of up to $550 per vehicle is based on weight, and a variety of special rules apply to vehicles with minimal road use, logging or agricultural vehicles, vehicles transferred during the year and those first used on the road after July.

Last year, the IRS received about 650,000 Forms 2290 and highway use tax payments totaling $886 million. Get ready for the new tax year 2011-12, efile through www.TaxExcise.com. Call our Support Center at 1-866-245-3918 or write to us support@taxexcise.com for any further support. We are always happy to help you through in your tax return efiling.

IRS Form 2290 Amendment efiling

Tax Form 2290IRS Form 2290 Amendments:

When reporting an original Form 2290, Heavy Motor Truck Tax with IRS for the tax year, you would have changed some information like VIN, Gross Weight, Mileage Limit then IRS wants you to file amendments to the originally filed form 2290. There are three types of amendments available for form 2290

For a vehicle that will be used within 5,000 miles or less (7,500 miles or less for agricultural vehicles) during the period, it can be reported as a suspended/exempt vehicle from tax liability.

Suspended/Exempt Vehicles exceeding the mileage use limit:

Once a suspended vehicle exceeds the mileage use limit, the tax becomes due. Mileage use limit means the use of a vehicle on public highways 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is used during a complete tax period, regardless of the number of owners.

We will figure the tax based on the month the vehicle was first used in the period. The tax due has to be paid to the IRS by available Payment Options. By e-filing the amended Form 2290, by the last day of the month following the month in which the mileage use limit was exceeded.

A corrected schedule-1 copy with the VIN and other details will be stamped by IRS and the same will be sent to you by email. You have the option of printing the corrected Schedule-1 copy by logging into your personal account. You also have the option to subscribe for a copy by FAX.

Additional Tax from Increase in taxable gross weight:

The taxable gross weight of a vehicle increases during the period and the vehicle falls in a new category then you are suppose to report an 2290 Amendment and pay the tax due on time.

For instance, an increase in maximum load customarily carried may change the taxable gross weight.

Report the additional tax for the remainder of the period on Form 2290, e-file Form 2290 and Schedule 1 by the last day of the month following the month in which the taxable gross weight increased.

Figure the additional tax using the following:

1. Identify the month the taxable gross weight increased.

2. Determine the new taxable gross weight category.

If the increase in taxable gross weight occurs in July after you have filed your return, you still have to report a new amendment form for the additional tax.

A corrected schedule-1 copy with the VIN and new category [Gross Weight] will be stamped by IRS and the same will be sent to you by email. You have the option of printing the corrected Schedule-1 copy by logging into your personal account. You also have the option to subscribe for a copy by FAX.

VIN Correction:

If you are correcting a vehicle identification number (VIN) listed on a previously filed Schedule 1 (Form 2290). While reporting a Form 2290 for your vehicle, by mistake if you have filed for a wrong Vehicle Identification Number [VIN] then you have to file a new amendment for VIN correction.

A corrected schedule-1 copy with the correct VIN and other details will be stamped by IRS and the same will be sent to you by email. You have the option of printing the corrected Schedule-1 copy by logging into your personal account. You also have the option to subscribe for a copy by FAX.

Call our Support Center [HELP DESK] at 1-866-245-3918 for any queries or write to us at support@taxexcise.com, At taxexcise.com we are always happy to help you through your filing process.

How to make IRS Form, Tax 2290 Payment?

Trucks are use as the preferred mode of transportations across states in USA. The people rely deeply on the trucking business to convey and transport the merchandises that make every day existence reachable, making truck drivers the fortitude of the present American economic system. Trucking jobs are a good way to make a decent income and to provide your family needs.

Every motor carrier operating a commercial motor vehicle over 55,000 pounds is required to file the Heavy Vehicle Use Tax/Form 2290 annually with the Internal Revenue Service (IRS) and obtain verification of filing/payment from the IRS. Each jurisdiction is mandated to obtain proof of payment of the HVUT for all commercial vehicles meeting the filing requirements at the time of registration. Failure by a state to obtain the required proof can result in a loss of federal highway funding up to 25 percent. The Tax 2290 is collected by the federal government once a year, and then distributed out to states for maintenance and construction of U.S. highways.

How to Pay the IRS form 2290 tax due?

Tax payers reporting tax on a Highway motor truck Form 2290 have only three options to choose to make IRS tax payments.

Electronic payment options are convenient, safe, and secure methods for paying taxes or user fees to the IRS.Taxpayers can authorize an electronic funds withdrawal, use a credit or debit card or enroll in the U.S. Treasury’s Electronic Federal Tax Payment System (EFTPS)®. IRS is the only authorized body to debit your account or process for tax payments.

  1. EFTPS – Electronic Federal Tax Payment System
  2. Electronic Funds Withdrawal – EFW [Direct Debit]
  3. Check or Money Order

 

Electronic payment options give taxpayers an alternative to paying taxes or user fees by check or money order. Payments can be made 24/7. The electronic funds withdrawal and EFTPS options are free!

By making the tax payment on time, we can reduce IRS notice on dues. Easy for anyone to register or operate their trucks with out issues.

Call our Support Center [HELP DESK] at 1-866-245-3918 for any queries or write to us at support@taxexcise.com, At taxexcise.com we are always happy to help you through your filing process.

Happy and a safe trucking!

Heavy Vehicle Use Tax, IRS Form 2290.

TaxExcise.com the #1 IRS e-file service provider for the Heavy Vehicle Use Tax Form 2290, is the best way to report taxes on the heavy trucks. We support truck owners, owner operators, business owners and tax practitioners to e-file IRS Form 2290. Now we have extended the support to Accountants/Book keepers to use TaxExcise to report Truck taxes. TaxExcise is the first application to introduce e-filing for all Excise Tax forms [2290, 8849 & 720], TEXT Alert, Schedule 1 copy by FAX service, Full Service, Seasonal Pricing, Bundle Offer, Refer a Friend, Bulk Upload, Import from previous years return, e-file for 2290 amendments, e-file VIN correction, e-file for Sold/Transferred credits now has enhanced to support book keepers.

Are you a Bookkeeper/Accountant, will be filing Heavy Vehicle Use Tax returns for your clients in bulk. We have a specialized package to support you through for an easy and hassle free e-filing experience.

We are the first IRS certified efile service provider for Highway Motor Truck Tax Form 2290; we rated #1 by tax payers. We also support e-filing 2290 Amendment returns, VIN correction, Sold/Transferred/Destroyed Vehicle Credits along with Low Mileage and Increased in Gross Weight reporting.

Electronic filing

Electronic filing is required for each return reporting 25 or more vehicles that the taxpayer files during the tax period. However, all taxpayers are encouraged to file electronically.

Getting Started with Tax 2290:

It is very simple to create an account with TaxExcise.com, simple visit our website and sign up for registration. Already have an account then just login to access it.

Now you are done with the registration, add your client businesses one by one, even bulk upload is available.

Getting started with reporting 2290 return:To complete IRS Form 2290, have the following information available.

If your client does not have an EIN, apply for one online at www.irs.gov/businesses/small and click on the “Employer ID Numbers” (EINs) link. You may also apply for an EIN by calling 1-800-829-4933, or you can fax or mail Form SS-4, Application for Employer Identification Number, to the IRS.

The VIN of a vehicle can be obtained from the registration, title, or actual vehicle. Generally, the VIN is 17 characters made up of numbers and letters. Be sure to use the VIN for the vehicle and not from the trailer.

  • The taxable gross weight of each vehicle to determine its category. The taxable gross weight of a vehicle (other than a bus) is the total of:
  1. The actual unloaded weight of the vehicle fully equipped for service,
  2. The actual unloaded weight of any trailers or semitrailers fully equipped for service customarily used in combination with the vehicle, and
  3. The weight of the maximum load customarily carried on the vehicle and on any trailers or semitrailers customarily used in combination with the vehicle.

How To Pay The Tax

There are three methods to pay the tax with IRS.

E-file.

If Form 2290 is filed electronically, a copy of Schedule 1 with an IRS watermark will be sent to Tax2290.com. We will forward you a copy by email. If required you have the option of receiving the Schedule 1 copy by FAX.

You can call our Help Desk 1-866-245-3918 [Tool Free] for any further support you may required, we will be happy to support you through, write to us at support@taxexcise.com

Report Excise Tax Forms [2290, 8849 & 720] onlinw at TaxExcise.com

Excise Tax e-File & Compliance (ETEC) Programs – Form 720, Form 2290 and Form 8849

The Excise Tax e-File project was initiated to satisfy the IRS’ requirement to provide electronic filing of Form 2290, Heavy Highway Vehicle Use Tax Return, as directed in the American Jobs Creation Act (October 2004). Excise Tax e-File & Compliance (ETEC) Programs (Form 720, 2290 and 8849) has joined the ever-growing-number of tax forms and schedules that can be electronically filed, providing taxpayers the speed and reliability that millions of taxpayers and business owners already enjoy. www.TaxExcise.com offers simple, easy and quick website to file all these excise tax form electronically with IRS. Efile, It’s as easy as 1-2-3!!!

Form 720, Quarterly Federal Excise Tax Return is available for optional electronic filing at www.TaxExcise.com.  Simply opt to do your taxes online and join millions of taxpayers enjoying the convenience and ease of on-line filing, immediate acknowledgement of receipt and faster service. Basic interview questions to complete your tax return.

Form 2290, Heavy Highway Vehicle Use Tax Return is available for electronic filing at www.TaxExcise.com. The electronic version of Form 2290 will improve excise tax processing, expedite refunds, save personal resources (e.g., time & postage) and reduce preparation and processing errors.  Schedule 1 will be available almost immediately (once your return is accepted by the IRS) through www.taxexcise.com – no more waiting for it to come in the mail!

By doing your Truck Tax reporting online [e-filing] you enjoy the maximum comfort:

  • IRS Stamped Schedule 1 copy in minutes
  • TEXT Alert on status of your return.
  • Receive Schedule 1 copy by FAX
  • E-file 2290 Amendments, VIN correction, Sold / Transfer Vehicle Credits.
  • Bulk data upload, also retrieve prior year data by importing
  • No Complex math, Easy to do service.
  • No Transaction Charges or Hidden Charges. You pay what you See!!!
  • Rated #1 by tax payers; more than 55,000 tax payers have e-filed in 2010.
  • No more waiting for Schedule 1 copy by mail; get your copy in minutes through Email and FAX.
  • No need to wait in long Queue at IRS office, do it online from anywhere at any time. Opens 24/7, 7 days a week.
  • Quick, Safe, Simple, Easy and Most Secured network to file your secured tax returns with IRS.

Electronic filing:

Taxpayers filing Form 2290 reporting 25 or more vehicles for any taxable period are required by statute to electronically file their Form 2290 tax return through an IRS at www.Tax2290.com an approved & authorized software provider.

Form 8849, Claim for Refund of Excise Taxes (Schedules 1,2, 3, 5, 6 and 8) are now available for optional e-file. Electronically submitted Schedules 2, 3 and 8 refund claims will be processed within 20 days of acceptance by the IRS, versus the usual 45 day processing time on all other 8849 schedules.

FILE YOUR TAXES NOW!
To file your excise forms electronically you will need to visit www.TaxExcise.com an IRS approved & authorized software provider for the tax forms you want to file.   Form 720 filing information can be found on the www.tax720.com web page.  Form 2290 filing information can be found on the 2290 web page www.Tax2290.com. Form 8849 filing information can be found on the 8849 web page www.Tax8849.com.

QUESTIONS? Call the Support Center Hotline at 866-245-3918 or simply write to support@taxexcise.com

Read Excise Tax: FAQ’s
Form 720 – Frequently Asked Questions
Form 2290 – Frequently Asked Questions
Form 8849 -Frequently Asked Questions

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