Tag Archives: 2290

Due Dates, Form 2290 Efile, IRS Stamped Schedule 1 proof

Make Sure You File Your Tax Form 2290 (HVUT) On Time!

File Form 2290 online

Punctuality is a very important word in a Truckers Dictionary. Once I heard a 15 years experienced Truck Driver say “I’m a little trucker and trucking’ is what I do best. It’s what I want to do with my life, and that’s how I’ll be. Driving down the highway, carrying what someone will eat or need tomorrow makes the hair on the back of my neck stand up.”

I would say “IF YOU BOUGHT IT, A TRUCKER BROUGHT IT”. There is always trouble waiting if there is a delay, be it anything.  Everyone in trucking business is well disciplined and has to follow a strict schedule.

A Perfect Truckers duty is not only transporting goods from one place to another, it also involves a lot of other Social and Economic responsibilities such as paying their taxes on time. Heavy vehicle Use Tax (HVUT) is one of the Taxes imposed by the IRS on usage of Heavy vehicles with a gross weight of 55,000 pounds and above on public Highways.

Though paying taxes is never a joyful experience. Considering the fact that the funds collected from HVUT is used in maintenance of Highways. So if we enjoy something, then we shouldn’t mind paying for it. Few years back the only way to file your Tax Form 2290 was by paper. One should either walk into a local IRS office or has to mail a completed tax form 2290 to the IRS. Both the options are time consuming and involve a lot of complicated tax calculations more over you have to wait in a long queue and a waste a day of yours or wait for week’s sometime even months to get an approved stamped Schedule 1 copy back from the IRS.

Tax2290.com bought in a huge revolution in the filing process of Tax Form 2290; It developed a web based application to E-file Tax Form 2290. Tax2290.com is the First Certified Efile Service Provider. It takes only minutes to Efile your Tax form 2290 with Tax2290.com and Stamped Schedule one copy will be emailed back in few minutes.

Tax2290.com is now accepting returns for Tax Year 2012 – 2013. Log on to Tax2290.com and complete your filing of HUVT. Their Tax Experts are working even on Weekends to assist you all the way through your filing, they can be reached @ 1-866-245-3918 or you can write to them @ support@taxexcise.com.

Federal Excise Tax Electronic Filing, IRS Tax Tips and Alerts

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

Date: July 16th, 2011.

 

Authorized E-File Provider
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.