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Efile IRS Tax Form 2290 Truck Tax | Highway Heavy Vehicle Use Tax(HVUT)

Etax2290.com is the IRS authorized efile provider for form 2290 truck tax otherwise called as heavy vehicle use tax(hvut) return. It comes from a series of tax e-file services provided by yakshna solutions inc, which is a leading provider in the tax industry. There are customized packages available for fleet owners as well as tax professionals to file their road tax return with ease. It provides bulk filing features for large fleet owners and 24/7 customer support over phone, chat and email.

File form 2290 with etax2290 today and receive stamped schedule1 from IRS in minutes!

What do I do if my Vehicle is exempt from tax?

Posted by Admin on 3. June 2012 20:53

For many truck drivers filing there Form 2290 a major question that arises every year is “How do I file my 2290 return if my vehicle is exempt from tax?” First you need to understand what vehicles are exempt from the HVUT. There are only a few reasons your heavy highway vehicle will be exempt from tax. To be exempt from the tax, a highway motor vehicle must be used and actually operated by The Federal Government, The District of Columbia, A state or local government. Commercial vehicles traveling fewer than 5,000 miles and Agriculture vehicles traveling fewer than 7,500 miles annually are also exempt from the HVUT.

One common misunderstanding that stems from this question is that if your vehicle is exempt from tax you do not have to file a 2290 return. This is a common misconception regarding the form. All heavy highway vehicles must file a return, whether they are taxable or exempt. A carrier must send a copy of the IRS form 2290 showing their request for suspension from the HVUT payment with their registration renewal for vehicles that qualify for suspension.

When using the Etax2290 system you must file your vehicle under the suspended category to be exempt from tax. If you are a new or returning user you will login and go through the steps. On the vehicle information page there are four categories listed, you are going to list the vehicle under the one that reads suspended. The system will ask you for the VIN, if the vehicle was used for logging, or agricultural use. Once you enter the information save and continue; and finish the form. Make sure that is shows no tax due on the vehicle information page and the review page.

Etax2290 is trusted by many of the largest carriers and service providers in North America. If you have any questions, please contact us at our USA-based customer support center in Herndon, VA at 703-229-0326 or email us at support@tax2efile.com.

The Benefits of E-Filing

Posted by Admin on 31. May 2012 17:51

 

Deciding which method is the best for filing tax forms each tax season has become a growing issue in the trucking world as owner/operators are beginning to weigh their options of “e-filing” and manually paper filing. Since tax season is only about a month away, it may be beneficial for truck drivers and fleets to better educate themselves on the different options they have as it relates to filing their form 2290.
 As the principal advocates for the modernized method of filing, we will discuss the major advantages of “e-filing.”

When completing any task relating to a citizen’s obligatory duties, there is often a wait due to the simple fact that many, if not all, citizens are responsible for filing their taxes, renewing their licenses, etc. Fond memories are rarely ever made while loitering in line at one’s local IRS office, and all can attest to at least one bad memory that transpired in such a setting.

Why take out hours from your day to visit the IRS office when one can file almost instantaneously from home? E-filing offers the option of filing your Form 2290 from the comfort of your home without taking more than thirty minutes out of one’s day.  Meaning that you are able to avoid waiting for your Stamped Schedule 1, paying for postage and keeping track of your tax filing process. Above all else, “e-filing” is the most feasible option because of the provided customer support that is able to walk you through the process of filing your Form 2290 from your home (quality services varies by selected tax service).

Fortunately, carriers no longer have to stress and worry about deciding how to file for the HVUT because www.etax2290.com is able to electronically file Form 2290 for an extremely affordable price. ETax2290 is trusted by many of the largest carriers and service providers in North America. If you have any questions, please contact us at our USA-based customer support center in Herndon, VA at 703-229-0326 or email us at support@tax2efile.com.

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How to find the perfect site to file your 2290?

Posted by Admin on 31. May 2012 17:49

 

There are many things to consider when filing your 2290 with the IRS. The three main concerns are the filing fee, complexity of service, and stamped schedule 1 return time. Most online services offer the same deals but a discount should not be your only deciding factor. The average customer that’s files a 2290 is a truck driver, so complexity is a big issue. Customers want a service they can understand and trust to get the job done. This is how you build a loyal customer base.

            When looking for a good e-file service for your 2290, pricing is also another breaking point. Depending on the service you are looking for, filing fee prices can vary. Most companies offer a number of truck filings for specific price points. It is also good to look for a company that offers a bulk filing or a Premium Service that can get the work done for you. This is a great option because it can save you a lot of time. Also check to see if the company charges a registration fee, to setup an account.

            The last and most important part when researching 2290 e-filers is the amount of time it takes to process your 2290 and receive the stamped schedule 1. Depending on the company this time can vary but should not take long. The average online service return time should be between 30 and 45 minutes. Once your return has been accepted, make sure you are allowed to receive your stamped schedule 1 in different ways. The most common ways to receive your stamped schedule 1 are email and fax.

            Etax2290 is trusted by many of the largest carriers and service providers in North America. If you have any questions, please contact us at our USA-based customer support center in Herndon, VA at 703-229-0326 or email us at support@tax2efile.com

 

The Fine Line Between The HVUT & The IFTA

Posted by Admin on 31. May 2012 17:34

Right around every tax filing season, there tends to be a rise in conversation between truckers about how to go about filing the various taxes, if hired accountants are charging excessively, and what these taxes go towards. The main taxes often discussed are the heavy vehicle use tax and the international fuel tax agreement, which truckers and companies tend to confuse as the same tax and filing. These are both taxes that must be paid by all truck drivers and fleets, yet there are distinct differences between the two financial obligations.

The international fuel tax agreement was introduced to simplify the reporting of fuel use by motor carriers that operate in more than one jurisdiction, specifically long-haul trucks. The carrier files a quarterly fuel tax report that is used to determine the net tax or refund due and to redistribute taxes from collecting states to states that it is due. The best way to describe the IFTA tax system is by labeling it as a “pay now or pay later” system, in which carrier vehicles credit their licensed account anytime they pay the fuel tax. At the end of the fiscal quarter, the driver completes their fuel tax report listing all miles traveled and all gallons purchased, which is then averaged to determine the driver’s tax liability. The IFTA tax relates to fuel purchased and miles traveled, while the HVUT is something a little different.

The heavy vehicle use tax is a financial obligation established to address the issue that correlates heavier vehicle road usage and destruction of national roadways. The heavy vehicle use tax strictly relates to the size of long-haul carrier trucks, since it is believed that their weight greatly erodes highways. The amount of tax paid is determined by the month the truck begins use and payment is only needed once annually before the end of the tax filing season or serious penalties are incurred.

Fortunately, carriers no longer have to worry about filing for the HVUT or being exploited by ravenous accountants because www.etax2290.com is able to electronically file Form 2290 for an extremely affordable price. ETax2290 is trusted by many of the largest carriers and service providers in North America. If you have any questions, please contact us at our USA-based customer support center in Herndon, VA at 703-229-0326 or email us at support@tax2efile.com.

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Excise Tax & Returns

Posted by Admin on 31. May 2012 17:29

As one should already know, the heavy vehicle use tax is considered a federal excise tax. An excise tax is generally known as an inland tax on the sale, or production for sale, of specific goods, or more specifically, a tax on a good produced for sale, or sold, within a country or licenses for specific activities. The heavy vehicle use tax may not appear to be a tax on a good, but think about it this way- truck fleets and truck drivers must certify that they have paid the heavy vehicle use tax in order to obtain “the good,” proper licensing and registration from the state, which is pivotal for being a truck driver.

Since the heavy vehicle use tax is considered an excise tax, drivers and fleets have the advantage of receiving a tax return in the name of the HVUT. Truckers are able to file for this return through Form 8849 (Claim for Refund of Excise Taxes Return), which accompanies the HVUT-focused Form 2290. Here are a few reasons explaining why truckers are able to receive a tax refund on the HVUT: an overpayment of tax due to a mistake in tax liability previously reported on Form 2290, a pro rata refund of the tax paid on Form 2290 for a vehicle that was sold, destroyed, or stolen, any vehicle on which the tax was paid on Form 2290 if the vehicle was used 5,000 miles or less on public highways.

The refund demonstrates that the heavy vehicle use tax is not all bad due to the fact that there is, indeed, a method to receive extraneous payments back. Therefore, it is important that truck drivers and fleets maintain proper records of their Form 2290 schedule and other important exchanges of payment in regard to the heavy vehicle use tax, so that come tax return season companies can make their money back.

For those who were unaware, www.tax2efile.com is able to electronically file the respective Schedules for Form 2290, www.etax2290.com and Form 8849, www.etax8849.com. ETax2290 & ETax8849 are trusted by many of the largest carriers and service providers in North America. If you have any questions, please contact us at our USA-based customer support center in Herndon, VA at 703-229-0326 or email us at support@tax2efile.com.