Category Archives: EIN

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

Employee Identification Number- The Requirement

Each time you are filing form 2290 online, there are few mandatory details to be mentioned and in the list, EIN is the most important.

What is an EIN?

EIN is one such identification number for IRS to recognize you. It is important as it protects the system and the privacy setting. The combination of the EIN and the name of the taxpayer are revised into unique identifier for each taxpayer. If the unique identification number does not match IRS records, your return would be rejected. So ensure you are keying the right number/ character while filing form 2290.

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

However, we are here to tell you how to get your EIN if you are new to the world of business. Following are the methods you can choose and receive your Employee Identification Number. And there you go, EIN in your hand.

Apply EIN Online:

If you are good with computers and the need of EIN is urgent, you can always apply EIN online. The process faster when compared to the other methods and you are likely to receive it at the earliest. Visit 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 is fast, free and user-friendly.

Apply EIN Through Phone Call:

If you wish, you can order your Employee Identification Number through phone.Call, 1-800-829-4933 and explain them about your new application for EIN. The process is little time consuming and you cannot file your return online once you receive as the authorities take some time to get the EIN updated in the common database. So do wait for few days and file your return. File after 15-20 days after you received your EIN for better results.

Apply By Mail:

You can apply EIN through mail and receive the same within 4 weeks. You need to ensure that formSS-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.

Receive EIN Through Fax:

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

However, EIN is mandatory if you are efiling your return. Without EIN, your return is not likely to be processed. However, if you opt for paper filing, you don’t require EIN. You can submit your SSN (Social Security Number).

So tell us, are you new to the world of business? Don’t you worry about it. Come over and efile with TruckDues.com. We have the world best handpicked Tax Expertise at our end to solve your queries and help you in filing form 2290 with ease.

Get in touch with our Tax Expertise right through email, phone or even chat. Simply dial (347) 515 – 2290 or simply drop in a mail to support@truckdues.com. We are here for you, for better back-end support.

Happy Trucking! – Team TruckDues.com