It’s that time of the year when most of the truckers are trying to reach home to spend time with their loved ones over the holiday season. Truckers who do not have a family, will mostly agree to stay out on the road to give time to their fellow Truckers who do have small children or family an opportunity to spend the holidays at home.
Few suggestions for truckers, before heading home this holiday Season: Continue reading Tips for Truckers, who are at home this Holiday.
How often have you tried to improve the fuel mileage of your diesel truck? As a truck driver, this would be one of the primary concerns but not always if you follow the care and maintenance tips regularly. Moreover, as the fuel costs are frequently on a rise, it is extremely important to get good mileage from your truck. Taking the right precautions at the right time is the right way to save money and keep your truck healthy. Here’s a run-down of stress-free ways that can help your truck move efficiently.
Would you skip your meals for a day if you have work or wait for the weekend to do the everyday chores? Of course not, then why take chances when it comes to the care and maintenance of your truck. Regular maintenance helps in the smooth running of the vehicle and uses less fuel too. Doing few simple tasks can help you avoid the bad after-effects such as check if the tires are properly inflated, change the oil regularly, regular engine maintenance, clean the air filter, and keep the fuel injectors clean.
Driving at a slower pace is not something that many truck drivers would love especially if it is a powerful diesel truck. But doing so will help them save fuel and add to the vehicle’s efficiency. According to experts, “it takes 4 times more power to push your truck against air resistance at 70mph as it does when you’re driving 35mph”.
Keeping the vehicle excessively loaded like carrying the unwanted metal boxes burns more fuel. Therefore, it is advisable to free the vehicle from excess load and lighten the truck to save fuel and money. Taking few simple steps can increase the fuel mileage of your diesel truck.
Hope the aforementioned tips help you increase the fuel mileage of your truck and its efficiency too. Similarly, save your time and efforts by filling your returns at Tax2290.com, the e-filling expert. We are the one stop solution to all your e-filing needs. Get your questions answered at 1-866-245-3918 or write to support@taxexcise.com. Have a happy trucking!
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.
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.
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.
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:
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
Excise Tax:
Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. Excise Tax has several general excise tax programs. One of the major components of the excise program is motor fuel.
Reporting an Excise Tax with IRS is made simple and easy at www.TaxExcise.com . TaxExcise.com is the only website offering efile for all Excise Tax forms like, Form 2290, Form 8849 & Form 720.
Indoor Tanning Service Providers Must File a Federal Excise Tax Return
Beginning July 1, 2010, indoor tanning services will be subject to a 10 percent excise tax under the Affordable Care Act. Read more about Filing Indoor Tanning, Excise Tax return.
Leaking Underground Storage Tank (LUST) Tax Refunds
Taxpayers eligible for the LUST excise tax refund may use Form 8849, Claim for Refund of Excise Taxes, to file a claim.
Excise Summary Terminal Activity Reporting System (ExSTARS)
ExSTARS is a fuel reporting system developed with the cooperation of the IRS, Department of Transportation, states, and motor fuel industry, which details the movement of any product into or out of an IRS approved terminal. A facility control number (FCN) designates a storage location within the motor fuel, or renewable fuel production or the bulk transfer / terminal system. Information regarding the use of FCNs was made public by an announcement in the Federal Register on April 12, 2010. Read more at ExSTARS
Excise Tax Electronic Data Interchange (EDI) Guides (Pub. 3536)
Terminal Operators and Bulk Carriers refer to Publication 3536 for EDI filing requirements.
Under the Code and regulations, each person that engages in certain specified activities relating to excise tax must be registered by the IRS before engaging in that activity.
Excise Tax Online Exchange (ExTOLE)
The IRS administers a data repository for states to exchange motor fuel tax related information. 100 percent of the ExTOLE data originates from a particular state, and is available to other states under disclosure agreements between states. Read more at ExTOLE
Online Form 637 Registration Status Check
This Web application provides the ability for businesses to confirm whether individuals/companies have a valid IRS registration. To check your registration number, click here
Exemption From Excise Tax for Certain Wooden Arrows
On Friday, October 3, 2008, P.L. 110-343 (H.R. 1424), the Emergency Economic Stabilization Act of 2008 (Act), also known as the Tax Extenders and Alternative Minimum Tax Relief Act of 2008, was signed into law by the President. The Act includes a key provision in Title V, Section 503 that impacts the Archery federal excise tax.
This updates the field directive that discusses the Federal Excise Tax on the importation and manufacture of fishing and archery products.
Idling Reduction Devices Exempt from 12% Retail Excise Tax
The Environmental Protection Agency’s (EPA) list of devices that reduce highway tractor idling is now available. These devices may be exempt from the 12 percent retail excise tax provided they meet the criteria set forth in section 4053(9) of the Internal Revenue Code.
References/Related Topics
• Excise Tax Forms and Publications
• Federal Excise Tax – Rural Airports (PDF)
• IRS Issues Guidance on Truck Sale Excise Tax
Refer to IRS.gov website for more information.
