Tag Archives: IRS

IRS stops accepting HVUT payments using credit or debit cards until further notice.

Hello dear truckers! Here we meet you again with yet another update regarding your from 2290’s. Recently the IRS published a notification officially stating that they have stopped accepting payments using credit or debit cards until further notification. Paying using credit or debit card was the most opted way of payment mode for most of us know what to do in this case? Well, we do have 3 more options and let’s see what can be done.

Other modes of payment:

  • EFTPS (Electronic Federal Tax Payments Systems)

For this mode of payment, you need to register yourself with the Federal website before you can opt for this mode of payment. EFTPS tax payment service is given for free by the U.S Department of Treasury. All that you need to enroll your self With EFTPS is the EIN (employer ID), Bank account number and routing number, Address and Name as they appear on your IRS tax document. On successful completion of enrollment, you will receive the login PIN in your Mail

  • EFW (Electronic Funds Withdrawal)

This is the easiest and hassle-free mode of payment when compared to all the other modes of payment. There is no need to register with any websites or wait for the PIN to be validated. All that you need to have is your bank account number and the routing number. When you file your return, you just need to opt for EFW and enter your bank details along with your filing and the IRS would automatically debit the amount out of your checking or savings account.

  • Sending a Check or Money order.

The traditional way of doing things right is still an option available when technology lets us down. On completing you from 2290 you will receive the watermarked schedule-1 copy which needs to be attached along with the check or money order and sent to Internal Revenue Service, P.O. Box 932500, Louisville, KY 40293-2500.

So these are the other modes of payment and we hope this would sort out some of your queries relating to choosing a mode of payment. Furthermore, updates on this would be posted to you and if any assistance needed relating your Form 2290’s you know what to do! Just call us at 347-151-2290 and we will be happy to assist you. Happy trucking folks!

TruckDues.com e-filing is a lifeline for taxpayers facing challenges with paper tax return system

Hey there truckers! Hope you’re all covered up with your taxes. There’s always a deadline coming up every month and as you know it’s time to report your vehicles bought in the month of December 2019 before January 31, 2020. Though most of you prefer to file your tax returns electronically we do get contacted for manual filing process. This blog is for those who choose to go the traditional way of filing your tax returns manually.

You can file your form 2290 manually by walking down to the nearest IRS Tax Payers Assistance center for in-person help with your tax returns. So can you directly walk down to the nearest center? No. You need to fix an appointment prior to your visit, by providing them with your email address. Once your appointment is fixed you will receive an email with the appointment date and time slot to visit. You can fix an appointment by calling the telephone number 844-545-5640. To know about the nearest IRS assistance center you may simply visit https://www.irs.gov/help/contact-your-local-irs-office 

For tax filers who have questions relating to your refund claims on vehicles sold, destroyed or stolen you can simply visit https://www.irs.gov/refunds or call 800-829-1954 to access the audio version of this tool for better understanding. Before using this tool you need to have the SSN, filing status and exact refund amount to be claimed. So that is all you need to know about manual filing and questions relating to refunds on form 2290s.

For all those who prefer e-filing, we are here to assist you. You may visit www.TruckDues.com and register yourself and file your taxes to get the watermarked schedule-1 copies within minutes into your email, e-filing also cuts down the margin for error. Or if you just want us to electronically fill the form for you to manually submit at the IRS service center, we do have an option for that as well. You may contact us at 347-515-2290 for further queries on your 2290 e-filing. E-filing is also recommended by the IRS over the traditional paper tax return system due to its snail slow process and getting an IRS appointment for a walk-in at your preferred time is more or less difficult. So do you want to fix an appointment, wait and get your schedule-1 copy or just get your schedule-1 copies within minutes hassle-free? Either way, the decision is yours and we are always here to assist you. Happy trucking!

Important Update for CPA and return preparers – PTIN applications and renewals for 2020 are now being processed!

Greetings dear truckers! It’s once again time for an update regarding your taxes and renewals. It’s a busy start of the year after the IRS was on a long shut down until it resumed services. It’s time to remind you of some deadlines and renewals up ahead. January 31st, 2020 will be a deadline for paying your Form 2290 taxes for trucks purchased in the month of December 2019. Also, its time to renew your PTIN’s our dear tax preparers.

So The IRS recently started to accept applications for New PTIN registrations and renewals. The Preparer Tax Identification Number or PTIN needs to be obtained by anyone who prepares or assists in preparing a federal tax return for compensation. So where to renew or obtain a new PTIN, please visit the federal website https://rpr.irs.gov/. If going online is not an option, you may certainly download the form by following this link https://rpr.irs.gov/ and apply at your nearest IRS office. For tax preparers who already have a PTIN your PTIN has expired on December 31st, 2019 and it’s up for renewal.

For 2290 renewals it’s time to report vehicles purchased in the month of December before January 31st, 2020. Repot your vehicle under a prorated basis and get your schedule-1 copy for the tax year July 2019 through June 2020.

If this is the first time filing with us for your 2290’s here is a small walkthrough of how to file using our website.

  • Visit www.truckdues.com, register and log into your account and start a new return
  • Select your business, and check the box which says “2290 taxes”. Then select the tax year as July 2019 – June 2020 and select the first used months as January 2020
  • Over the next page select taxable vehicle if you are going to operate the vehicle over 5000 miles else report your vehicle under suspended (exempt from tax) category
  • Over the next page select “add vehicle” to enter the trucks VIN number and taxable gross weight (truck, trailer and max load it can haul).
  • Proceed further to select the mode of payment to pay the taxes if your vehicle is taxable else you will be directed to the service fee payment page directly
  • Once after paying the service fee click “Transmit to IRS” box to submit your form to the IRS and you would receive the schedule-1 copy within 15-30 minutes into your email

Our job of keeping you posted is done. Don’t rush up at the last moment. Hurry up! And complete your renewals and registration now! Keep going adios from us.

The IRS e-file service is finally up and running!

Hello dear truckers, Hope our wishes reached you! With great kick start for the year and we hope it’s been quite good so far for you. Yet again it’s time for our timely updates for you and we have two things to inform you. Being at the start of the year we could see that most of our customers are buying and trading trucks for a fresh start as an upgrade. Any vehicles bought in the month of December and vehicles on road starting December 2019, it’s time for you to file your form 2290’s under prorated basis to get your schedule-1 copy for your license plates before January 31st, 2020. File your Form 2290’s right away and get your schedule-1 copies into your email today. Why wait when you can do it now.

The other great news is that the IRS has finally resumed its e-services starting today and any returns filed during the downtime December 26th, 2019 to January 6th, 2020 will receive your schedule-1 copies by today. Any Form 2290 tax returns filed through www.TruckDues.com will now be processed immediately and deliver your sch.1 copies to your email in no time which is indeed helpful to have your tags renewed. So the IRS is on the run aren’t you? File your 2290 taxes today.

TruckDues has rated to be one of the most reliable websites who offers 2290 e-file services to our ever hardworking trucking community at a much affordable cost, as e-Filing begins here as low as $7.99. TruckDues is dedicated to serving millions of owner-operators with utmost priority and is available at (347) 515-2290 for any further assistance with your HVUT Form 2290 needs. Happy trucking.

Form 2290 filing options to deal with the pro-rated filings due by January 31, 2020

Hello there truckers! Hope you rocked the New Year’s Eve and yet again it’s time to start fresh and move forward. Truck dues wishes you a happy and prosperous year ahead. Most of your truck tags are up for renewal and the common question that arises is “Do we need a schedule-1 copy for renewal?” well yes! But the most common question that we come across is “Where is the stamped IRS stating that the taxes are paid?”  Well let’s see that in detail today.

So when you do your Form 2290 filing manually (paper filing) by visiting your nearest IRS office once the tax payment is done towards your truck, the officials would give you a schedule-1 copy with an IRS stamp on it stating “paid”. This would serve as a proof of filing and payment towards your tax payment. But when you file your tax return electronically (e-filing) you would receive the schedule-1 copy as a PDF attachment with a water mark on the center of the page stating “E-filed on” (with the date of filing), which serves as your proof of filing. This would not have a physical stamp on it but an IRS water mark that’s digitally printed by the IRS automatically. This copy is all that you need to provide to the DMV to get your truck tags renewed. So have you filed your returns yet? Why wait, file it now.

Also for those who are waiting to get your schedule-1 copy for the tax return filed after December 26th 2019, the IRS systems will resume services starting January 7th, 2020 and all your pending filings will receive schedule-1 copies starting January 7th, 2020. Hope to give you more updates until next time and A Very Happy New Year again!

Truckdues.com has rated to be one of the most reliable websites who offers 2290 e-file services to our ever hardworking trucking community at a much affordable cost, Yes you can e-file your HVUT Form 2290’s here as low as $7.99 and receive the IRS digital watermarked copy of schedule 1 back in your registered e-mail. Your e-filing process is just a phone call away, speak to our tax expert right away @ (347) 515-2290.

You’ve still got time until May 31st!

Bought a heavy vehicle for yourself? Wondering whether to pay the taxes for the whole year? Well that’s what the prorated taxes are about. As per the IRS “All heavy vehicles operated on the high way with a gross weight of 55,000 lbs or above and with a mileage of 5,000 miles (7,500 miles for agricultural vehicle) is taxable”.  So have you got a vehicle with a gross weight of 55,000 lbs or above and if you have plans of operation it on the highway over 5,000 miles the dead line for paying the taxes is just a couple of days away.

Well first things first so what about the tax calculation? The Prorated taxes are calculated based on the month of first use and the vehicle should have crossed 5,000 miles. That being said the payment date would be your next question. Well, as per the IRS the “Prorated taxes are to be paid by the last date of the month following the month in which it was first used”. So the taxes for the vehicles bought by April is due and the deadline is on 31st May, 2019.

What will you incur if you don’t pay the taxes? Well that’s simple the IRS will charge a fee for failure to file and failure to pay at a rate of 4.5% and a penalty of 0.5% of the taxable amount. So why to incur these charges when it’s still not late to file your return.  But the time is on the horizon and its just a couple of days more to file your prorated taxes.

What if you have paid for an old vehicle which you have sold to buy a new one? But paid the taxes in full? There’s no need to worry about it. The taxes can be transferred to the old vehicle to the new once as credits. Just by filing a Form 2290 for the new vehicle and old vehicle by listing it under sold category. Here at TruckDues.com this process is made simple and the calculations are done automatically such that the website itself will do the math and notify you the difference. This will help you assess whether if there is anything to be paid out of pocket or if the available credits would cover up the taxes for the new vehicle.

So what are you waiting for, rush now just log into TruckDues.com and enter the new vehicle details, let our website do the math for you. Just with a click you will be able to transmit the return to the IRS and receive a water mark copy of Form 2290 schedule-1 to your registered personal email.   

Know before you choose the IRS tax payment while e-filing your 2290!

Hello there HVUT payers, we hope this article reaches you with high spirits. Now over this article we are going to discuss the most common misconception that arise among the HVUT payers while choosing the right IRS tax payment option while e-filing their HVUT Form 2290.

As you know, while e-filing your HVUT Form 2290 you got 4 different options in order to make the tax payment to the IRS. Namely

  1. Electronic Funds Withdrawal
  2. Electronic Federal Tax Payment System
  3. Credit or Debit Card
  4. Check or Money Order

Amongst the 4 above option, only via Electronic Funds withdrawal the IRS will be able to process the tax payment automatically. Rest other options require your action to logon to the respective website and schedule payments to the U.S. Department of Treasury.

Recently the IRS began accepting tax payments using Credit/Debit cards. Since, then many HVUT payers are prone to misconception based on their assumption that paying the IRS tax payment using credit/debit card is an automated process but in reality it’s not. Hence, by far many HVUT payers have received a letter from the IRS stating a non-tax payment due to the ignorance of the tax payers.

So, inured for you to be able to make the IRS tax due payment using your credit/debit card you must log on to https://www.irs.gov/payments/pay-taxes-by-credit-or-debit-card and choose one of the 3 payment processors who support tax payment using card.

Reach us back for any further assistance with your HVUT Form 2290 filings.

The Form 2290 is now due by May 31 for vehicles first used since April 2019.

Truckers, the HVUT Form 2290 is now due by May 31 for vehicles first used since April 2019. As you’re reading this, remember this pro-rated Form 2290 is now due only for vehicles that were purchased/re-purchased/into operations beginning April 2019.

The HVUT Form is basically an annual tax paid to the Internal Revenue Service on vehicles which comprises a minimum gross weight of 55000 lbs or more and if the same vehicle is used over the public highway for its desired purpose of use.

The IRS has drafted 3 different mileage limits for exemption on vehicles based on its nature of use. Please find the drafted mileage limit of exemption for vehicles as follows:

For commercial based units- 5000 miles

For Agricultural based units- 7500 miles

For Logging based units –     5000 miles.

Any said vehicle seems to exceed the above mentioned mileage limit for exemption needs to be reported as a Taxable Vehicles and the tax amount needs to be paid to the IRS upfront for the period its reported regardless it’s an annual or apportion filing. However, on the other hand if the subjected vehicle seems to be operated below the desired mileage limit for exemption, then it would remain to be exempt.

E-Filing your Pro-rated HVUT Form 2290 using www.truckdues.com and receive the IRS digital watermarked copy of schedule 1 within minutes after you e-file. The same copy could be used as a proof of filing during the vehicle registration purposes. Reach us back @ (347) 515-2290 or support@truckdues.com for any further assistance. Have a Good One!

Failure to Transmit your return to the IRS will delay your 2290 Acceptance!

Hey there Truckers, over this article we are going to discuss about the most common error committed by the HVUT tax filers whist e-filing their HVUT Form 2290. This error occurs when the tax filer is not aware about the fact the tax return needs to be transmitted to the IRS post preparation in order for being able to receive the IRS digital watermarked copy of Schedule 1 back in their e-mail.

During the e-filing process, most HVUT payers assume that they have completed the e-filing process right after they make the service fee payment using their credit/debit card. However, at times they forget the final step in submitting the prepared tax return to the Internal Revenue Service.

The HVUT Form 2290 is basically the Heavy Highway vehicle used tax return filed for trucks which comprises a minimum gross weight of 55000 lbs or more and the same truck is been used over the public highways for commercial/agricultural/logging purposes.

If the said vehicle needs to be registered with the state department of motor vehicle, the Form 2290 needs to be filed upfront and the IRS digital watermarked copy of schedule 1 is required during the vehicle registration is concerned. Unless the stamped schedule 1 copy is submitted, the DMV does not support renewals of License plates, tags, stickers and so on.

Reach our tax experts for your HVUT Form 2290 needs. Economic e-filing begins here as low as $7.99. It only consumes few minutes to e-file your federal HVUT Form 2290 and to receive the stamped confirmation back in your e-mail.

Phone: (347) 515-2290 [Monday through Friday, 9 A.M to 5 P.M, Central Standard Time]

E-mail: support@truckdues.com

Live chat with our tax representatives.

Have a Good One! See you over the next article.

Know what’s a 2290 amendment is!

Well! Mistakes are ought to be corrected

Have you made a mistake while filing your return and does it need to be corrected? Well there’s no need to worry about it, The IRS facilitates tax filers to correct the mistakes through 2290 amendment from.

Amendment is basically correcting or changing the returns previously filed 

The IRS supports amendment for the following scenarios

  1. Suspended vehicle exceeding mileage
  2. Increase in taxable gross weight
  3. VIN correction

Here at truckdues.com we support all these correction services through e-filing with minimal time and easy to go procedures.

Suspended vehicle exceeding mileage:

Was your vehicle reported as a suspended vehicle (i.e. vehicles mileage under 5000 miles or 7500 miles) and the vehicle has ran more than that? This is referred as suspended vehicle increase in mileage. This can be reported by logging on to our website and select the “suspended vehicle exceeding mileage” category, also you need to mention that when your vehicle exceeded the mileage from the previously filed return, our website would do the math automatically and display the tax amount to be paid.

Increase in taxable gross weight:

Have you increased your vehicle’s taxable gross weight (i.e. 55,000 lbs) after filing the previously filed return? If so, the vehicle would fall under a new category and additional taxes would be incurred accordingly. Now just login to our website and select the “increase in taxable gross weight” category. All you need to remember is the previously reported gross weight and first used month. Our website would do the math automatically for you.

VIN correction:

Have you entered the wrong VIN number of your vehicle? This should be corrected as soon as you receive the schedule 1 copy from the IRS from the previously files return and report the VIN correction. You will be able to change the VIN number through our website for free if you previous return was filed through us and you will receive the schedule 1 copy for the corrected VIN through email.

So, hurry up and do the necessary corrections need before it’s too late!