Category Archives: EIN

Its past deadline already. E-File your Form 2290 soon!

Form 2290 taxes are generally due by June and its payable until the end of August. Hence, to renew Form 2290 for the Period beginning July 2017 through June 2018 was on or before Aug 31, 2017. It was not obvious for many truckers to miss their tax deadline despite their busy work schedule; however the IRS would tolerate your prolongation for a only certain period of time so it’s better to renew the HVUT Form 2290 before Uncle Sam loses his patience and later he would not make any exceptions or such regardless of the Intensity of your reason for delay. Continue reading

You still got your turn to E-Renew your Form 2290 before the deadline!

Though it’s not August now, it doesn’t mean that you can’t renew your Form 2290 for the Period beginning July 1, 2017 through June 30, 2018. You may E-file them now via www.truckdues.com. It’s no obvious that truckers miss their tax deadline due to their busy on road schedule. But extended procrastination might get you into a trap full of late filing fee & Interests facing against you. Continue reading

Missed your Chance to E-file Form 2290, Well No worries, E-File Now!

If this rings a bell in your mind, probably you missed your HVUT Form Renewal. The Deadline to E-Renew Form 2290 for the period beginning July 1, 2017 through June 2018 was Aug 31, 2017. However, we realize that everyone can’t really afford time to spare towards E-filing Form 2290 during this time due to their busy work schedule. Hence, it doesn’t mean that it’s the end of the road. You may still renew your Form 2290’s now for the Period beginning July 2017 through June 2018 right now to stay away from incurring more penalties towards late filing and late payment of HVUT taxes. Continue reading

E-Renew your 2017-2018 Form 2290 as we merely got a week’s time until Deadline!

Time waits for none, it really matters how we efficiently utilize the time in getting our works done. The same saying applies when it comes to your HVUT Form 2290 deadline, The IRS let you e-filing your Form 2290 for the period beginning July 1, 2017 through June 30, 2018 since the beginning of July 2017. They gave you 90 days before you can e-renew your Form 2290, by far 55 days has passed by, hence we got very less time left behind to meet the deadline. Continue reading

Less than a couple of weeks left until your Form 2290 Deadline!

So, how was your experience witnessing the all American total eclipse yesterday?  It would sure have been a joyous moment for many across the nation to witness the once in Life time path of Totality. However, now the eclipse is over so does yesterday. Continue reading

With Great Honor & Pride we wish Every Trucker a Happy Friendship day!

Near or far, our lives are so much richer with good friends that make us laugh, that listen and comfort us in need, and just make things more fun than if we were on our own. A strong friendship doesn’t need daily conversation or being together. As long as the relationship lives in the heart, true friends never part. Truckdues.com wishes every true friend out there a Happy Friendship Day! Continue reading

Common Rejection Scenarios on Your Form 2290

Hello Truckers! Today we are going to discuss the possible reasons behind the rejection of your tax returns.  Before you begin e-filing your Heavy Highway Vehicle Used Taxes online make sure that you provide no incorrect information during the time of filing as it would be summarily rejected by the Internal Revenue Service (IRS). Hence, it would cost your time to figure out what could be the way to fix your return. So just spare few minutes reading this article to know what they are: Continue reading

Methods to Apply For an EIN

Welcome back trucking nation. With the tax season 2015-16 running on the wheels, don’t forget to e-file your tax return online with Tax2290.com. Among the documents, you need to file your return EIN plays the most important role. EIN or employee Identification Number is an identification number for IRS to recognize you. The combination of the EIN and the name of the taxpayer is revised into unique identifier for each taxpayer. And, you stand responsible to provide the correct EIN while filing or your return would be rejected if the same doesn’t match.

If you don’t remember your EIN while filing your return or you has accidently misplaced it, reach IRS at 1-866-699-4096 and they would look into it for you.

Today, we are going to tell you how to apply for an EIN.

EIN Via Online:

With the technology growing rapidly, you can sit wherever you are, and apply for EIN in minutes through the online portal. Visit http://www.www.IRS.gov and click on Businesses, then click on Employer Identification Numbers (it’s on the left hand side of the page under “Topics”) for more information. It method has proved to be the easiest method to apply EIN and this won’t consume much of your time either.

EIN Via Phone Call:

If you don’t wish to choose online methodologies, you can apply for an EIN through a phone call. Dial 1-800-829-4933 and explain them about your new application for EIN. To keep you informed, this method is slightly time consuming and you cannot e-file your tax return immediately since IRS takes some time to update the new EINs in their database. Wait for a while, 15-20 days and try e-filing. If your return is not acknowledged, check with IRS.

EIN via Mail:

Another method in the list is applying EIN through mail and you will receive your EIN within 4 weeks. You need to ensure that form SS-4 (PDF) contains all of the required information. If it is determined that the entity needs a new EIN, you will be assigned the appropriate procedures for the entity type and mailed the same.

EIN via Fax:

Also, you can fax or mail Form SS-4, Application for Employer Identification Number, to the IRS.

So here are the methods applicable to apply for an EIN. Just to stay cautious, without an EIN, you cannot report and e-file your tax returns. And if you are new to the taxation world, you need someone who can guide you with proper information. Don’t worry; we have our expertise to save you from big blunders. Reach them at (347)515–2290, or email to support@truckdues.com. And don’t forget, e-filing is the best option when compared to paper filing. And stay happy. You will receive your schedule 1 copy in minutes.

 

Errors You Should Stay Away From While Filing Form 2290

So what is going on, fellow truckers? The roads are busy, the trucks are filled with load to be delivered and if you have taken your vehicle out for the first t time this month, the tax is left due for the month. You are liable to file form 2290 online or paper file before the due date, i.e. 31st of March 2015. And you have only 3 days in hand to get your tax return filed. With the time constraint and the limitation with the due date, the best option or say, the method to file and report form 2290 is e-filing. However, we would not like you to move too fast, as haste will only bring in careless mistakes. Continue reading

Guide for Filing Credit Vehicles Through TruckDues.com

Christmas being round the corner, it’s upgrade time for truckers from old rigs to new business names. With 2015 dropping into our calendar in a while, our Tax Experts are answering lot of questions about transferring schedule 1 from previously filed truck to new ones, transitioning to a new business, a new business name but with the same truck or a different EIN altogether.

And there are set of truckers and owner operators sell or lose their respective trucks and decide to exit the transportation biz altogether. If you are leaving the business mid-tax year, you can get a part of your hard-earned HVUT money back. Keep reading to follow the procedures.

We have framed a guide to get you going with the scenarios. Let be a trade-in shuffle or changing your business or EIN, we will tell you how to get your schedule 1 copy sorted and get your money back, too.

“Transferring” a Vehicle (A-K-A: Credit Vehicles)

  • If you purchased a new truck mid-tax year, and your previous truck was sold, stolen, or destroyed, then you can get a new stamped Schedule 1 without paying extra tax. Many refer to this as “transferring,” but that’s not exactly how it works with the IRS.
  • Here’s why it’s not really a transfer per se. Schedule 1 once filed for a vehicle, cannot be transferred to the next. However, you can effectively file your HVUT and get a new stamped Schedule 1, without paying any extra tax.

And you might ask, why you do need file efile form 2290 for the new vehicle and add a credit vehicle for the same with the information of the previous vehicle.

  • When you are adding a credit for the vehicle, you will receive a prorated tax credit for the remaining months of the tax year through July 1st.
  • In addition, when you are efiling form 2290 with a credit vehicle, IRS would prorate the credit for the sold vehicle based on the first month of new vehicle. The first month is the month in which you purchased the new vehicle.
  • Usually, IRS prorates the tax on monthly basis not daily. And that means, if you have bought your vehicle at the beginning of the month, even on the very first day, IRS would charge you tax for the entire month, for the old one as well as for the new.
  • Do note form 2290 must be filed by the last day of the month followed by the month in, which the “transfer” has occurred. This means, if you have switched vehicles in the month of November, you need to file by December 31st 2014.
  • However, this transfer process (E-filing a 2290 with a credit vehicle) will only work if the business name and EIN remain the same. If they’re different, see the instructions below.

However, this is not the end. We have two more topics to discuss on, change of business name and sold, lost, or destroyed vehicle without replacement. We shall discuss the same in the next blog. Till then keep reading the previously pinned blogs and info on the site. Also, if you have taken your vehicle out for the first time in the month of November, then you are liable to file and report form 2290 online through TruckDues.com by the end of December.

Meantime, if you have any questions or looking forward for assistance, feel free to ping, call or email our Tax Experts at support@truckdues.com or simply call to (347) 515 – 2290