Tag Archives: irs hvut form 2290

Will we have a pre-filing season for TY2020-21?

Hello there dear truckers! Hope you’re all safe. Its been a wild year so far as the whole world is fighting together against the Pandemic Covid-19. It’s spreading like a wildfire, uncontrolled and taking away many precious lives and counting. Our deepest regrets to all those departed souls and may they Rest in Peace. Stay strong and stay safe as we have miles to go. As usual, Truckers are one among the many front-line workers who are on the roads to deliver our essentials, we salute for all your efforts.

So far, the government has been supporting the trucking industry in the best possible ways along with many trucking associations and with its citizens. And It’s almost time as we are in the final quarter of the Form2290 tax year 2019-2020 still puzzled about the next tax year. We’ve been receiving numerous calls from our customers regarding the Pre-filing season through us. For first-timers Pre-filing season is an Ideology where we allow our customers to file the taxes a month prior to the renewal date, usually by June 1 every year we allow customers to pre-file the taxes and once the IRS starts accepting form for the next tax year by July. This eliminates last-minute rush up’s and helps you to continue your work without any interruption.

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Did you know the IRS Annual Shutdown will cease only after New Year?

Hey there truckers! Hope you had a wonderful Christmas and awaiting a prosperous New Year! Yes we know it’s the holiday season and you would wonder why we still keep posting about your form 2290’s well we do need to update you so that you can have a stress free holiday weekend, don’t we all want the same? And yes this is a post regarding your 2290’s but it’s to inform you about the IRS servers shutdown

Well the IRS usually shuts down their e-filing servers for a year end maintenance this starts by December the 26th post noon and commence services post New Year, any e-filings done during this time frame would be processed only post New Year. But you can still e-file your returns through us, your filings will be saved in our secure data base and will be sent for processing as soon as the IRS commences their services. Though the IRS haven’t confirmed the commencing day we expect it to be by January 2nd post noon.

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It’s just a couple of weeks before your Pro-rated HVUT Form 2290 expires!

Hello there truckers, the Pro-rated HVUT Form 2290 is now due by 12/31/2019 for vehicles first used since November 2019. This deadline is been drafted by the IRS federal law that indicates that Form 2290 must be filed by the last day of the month following the month of its first use.

You may even think if this deadline has anything to do about the regular Annual renewals which are basically due by June & payable until August. But, it does not. This deadline is only concerned about vehicles that are into service since November 2019.

The Heavy highway vehicle is basically paid on trucks with a minimum taxable gross weight of 55000 lbs and it’s paid for vehicles that are used over the public highways for commercial, agricultural & logging purposes. The desired mileage limit for exemption is drafted upon these vehicles based on the nature of its use.

For commercial based units & logging vehicles the desired mileage limit of exemption is said to be 5000 miles each and for Agricultural based vehicles, it is said to be 7500 miles. Only when to seem to exceed the respective mileage based on your vehicle’s desired purpose of use you need to make the tax payment to the IRS full in advance for the period it needs to be reported.

Failure to pay the tax dues on time results in incurrence of penalties & interests on top of the requisite tax due owed anywhere ranging from 2.5% to 4.5% of the total tax due amount to be paid granting no further extensions whatsoever. E-filing 2290 has been made easy with www.truckdues.com where quality service is been offered at a much affordable price as e-filing begins here as low as $7.99 our help-desk is just at a phone call away.

How to Claim Refund on Form 2290 Tax Dues Paid Upfront!

Paid the taxes in full for the previous tax year but you vehicle ran less than 5000 miles? You will be eligible to claim a full refund or transfer the credits to the current tax year (If you plan to operate more than 5000 miles)

A claim for refund can be for the following scenarios,

  • Over paid tax due by mistake.
  • Taxable vehicle Sold/ Transferred / Destroyed or Stolen.
  • The vehicle was used within the mileage use limit (5,000 miles or less; 7,500 or less for agricultural vehicles).

In this article we will see especially about Low mileage vehicle credits refund and transfer

Vehicles used within the taxable mileage: The taxable mileage limit for a heavy vehicle is 5,000 miles (7,500 for agricultural). As said before the taxes are paid for the whole year and if your vehicle has run under 5,000 miles (7,500 for agricultural vehicles) you are eligible for low mileage credits. This can be applied only when the entire tax period (July 1 – June 30) is completed. The Vehicle mileage credits is limited only to miles operated on the vehicle regardless to the number of owners.

To get a refund based on low mileage you need to start a new return and select form “8849 schedule-6”. This is a special form dedicated for refund purposes. Then over the next page you need to select Low mileage vehicle credits to declare your vehicle exempt from tax. Over the next page just select “add vehicles” to enter the VIN number, first used month and reason for refund, also you need to attach the copy of the schedule-1 copy for reference. That is all within just 3 steps you can claim a refund on the taxes paid.

To transfer the credits to the current year filing (Only if the truck is assumed to run over 5000 miles) start a new return and select “form 2290”, select the first used month and tax year and over the next page you have to select two boxes which says “taxable vehicle & Low mileage vehicle credits”. The next page is where you can see two rows , the first one would be for entering the truck details on which the taxes needs to be transferred and the second one is to declare the previous year filing under low mileage credits. Then the rest is the same just proceed further with payment. 

By following these steps you can either claim a refund or transfer the credits to the current tax year

Trick or Treat! It’s time for Halloween.

Hallows Eve is right around the corner, it’s time to scare your close ones and remember the martyred and pay respect in their memory. A day to pull out the best pranks on your friends and family to be at peace and enjoy the company.

This is the day where we adults can be excused for our sweet tooth carving, so sit back and enjoy the treats and let your dental plan cover your smile. It’s time to become kids again and spooke the life out of everyone around.

It’s about time to haunt those lovely yet annoying neighbors with the best tricks up the sleeve. Not to mention the Decorations that we get to do and deploy the ghost in us and turn the yard into a horror land. Let the chills run down them spines as you scare your way into the dark as creepy hours goes up until dawn the fun never ends when you got it all.

Let this Halloween not haunt you with Bills and taxes, we are here to cover it up for you. Haven’t renewed you Form 2290 tax for the Period beginning July 2019 through June 2020 or do you have a new truck by September 2019 which needs to be reported on a Form 2290? Well we can do that for you, treat yourself with the fastest e-filing providers at your service at just $7.99!

Renew you HVUT Form 2290 taxes now and receive the schedule-1 copy in your registered e-mail           within minutes. Why waste time waiting for your conformations while you can run about scaring people and get your taxes done meanwhile?

Our Tax Experts are striving to serve the ever hard working trucking community with their HVUT Form 2290 filing needs. Reach us back @ (347) 515-2290 for further inquiries.  We wish everyone a Spooktacular Halloween! God Bless America! God Bless Truckers!