Tag Archives: IRS

Crisis all over the world and yet it is you who are the unsung heroes!

Let the comic icons do the saving in the imaginary realm it’s you who are actual and real-time heroes. To all our dear truckers who are working day and night to deliver the supplies and still keep the nation on its foot. You guys are our only hope and as our nation depends on you. We extend a heart full of love and life full of gratitude to all those personnel who are working 24/7 amidst the pandemic coronavirus outbreak. It’s the hard times that bring us together let’s be safe and get through this together. 

More than 1,000 deaths in the United States have now been linked to the coronavirus, a figure that continues to rise as thousands of new cases are reported each day. As of Thursday afternoon, at least 75,178 people across every state, plus Washington, D.C., and three U.S. territories, have tested positive for the virus and it is still spreading. On the other hand, the number of affected people in China is getting lesser and lesser as days pass by and at one point last week the reported cases were zero. This is a sign of hope that people can recover from the infectious virus. As per the official statement by the government, they have successfully started to implement the vaccines in humans to study in bringing down this virus spread to a halt.

Continue reading

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.

Continue reading

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.

Continue reading

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.

Continue reading

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.

Continue reading

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.

Continue reading

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.