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Hello there dear truckers, Hope you’re all safe and sound. Since the time of renewal dates, we have been facing questions relating to rejection that occurs during filing your form 2290. Well, there are three different factors that play a major role in getting your form rejected. These rejections are mostly dues to small errors and can be rectified right away. Let’s see the factors in detail for a better and accurate filing of your taxes.
Good Morning TruckDues.com Users, Partners, Friends and Family.
Our hearts are with Truckers dealing with COVID-19, from keeping drivers healthy to meeting spikes in demand for certain freight movements. Like everyone we are striving to respond to the situation without any business disruption as possible. We remain confident in our spirit and ingenuity to move us past our current hurdles.
We understand there are states that has already declared state of emergency due to the outbreak and we have taken adequate measures internally and to our staffs. TruckDues.com continues to stand ready to ensure we continue to serve you with your 2290 reporting and our support desk allowed to work remotely to handle the situation and provide with the best possible support. Please continue to use our service and talk to us or email us. Thank you. Stay safe and strong.
Truckers are you wondering whether to pay the taxes for the whole year or if that could be partial. Often assumptions lead to confusion with the tax deadlines and on the tax due amount part. The IRS Federal law indicates that “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”.
The Prorated tax concept is basically calculated from the month of the vehicle’s first use. 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 November is NOW due and the deadline to pay with no penalties would be 31st Dec, 2019.
What will you possibly incur if you don’t pay the 2290 tax dues on time? Well that’s simple, the IRS will charges 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 think twice before you fall behind your HVUT Form 2290 Deadline.
Here at TruckDues.com this process is made simple and tax calculations are done automatically such that the website itself will do the math and notify you the computation. This will help you in saving your valuable time amidst off your busy on road schedule.
So what are you waiting for? Rush now just log into TruckDues.com to e-file your Pro-rated HVUT Form 2290. You are just few clicks away from being able to transmit the return to the IRS and receive the watermarked copy of Form 2290 schedule-1 to your registered email address.
Dear HVUT filers, the HVUT Form 2290 is now due for a renewal for the Period beginning July 1, 2019 through June 30, 2020. Thousands of truckers have e-renewed their HVUT Form 2290 for the current period already. So act before it’s too late to join the e-filer club and receive the IRS digital watermarked copy of schedule 1 as soon as possible.
The HVUT Form 2290 is generally due by June and its payable until the end of August. The Form 2290 is basically paid on heavy vehicles with a minimum gross weight of 55000 lbs and the same is been used on the public highways for commercial, Agricultural & logging purposes. The taxes are determined by the taxable gross weight of the vehicle as it begins with 55000 lbs represented by Category A and it goes until over 75000 lbs represented by category V.
As per the IRS guidelines, the tax rate begins at $100 and there will be an increase of $22 for every increase of 1000 lbs. For logging vehicles, there is a slight concession on the tax due for logging based units as the tax due rate begins from $17, hence the annual tax due amount paid for a commercial based unit is $550 whereas the maximum tax due amount paid for logging vehicles is $412.50
Every year, the tax due amount is paid full in advance to the Internal Revenue Service based on the fact if the vehicle is going to be used over 5000 miles for commercial & 7500 miles for Agricultural based units. Having said that, the Form 2290 is pro-rated as the tax deadline for the new vehicles happens to be the last day of the month following the month of its first use.
So, Saddle up your bags & renew your HVUT Form 2290 for the Period beginning July 1, 2019 through June 30, 2020 and receive the IRS digital watermarked copy of schedule 1 in your e-mail Reach us back @ (347) 515-2290 for any further assistance.
Hello there
Truckers, as you all know that the HVUT Form 2290 is now due for renewal for
the period beginning July 1st, 2019 through June 30th,
2020. The Form 2290 is basically due by June and its payable until the end of August.
However we urge our HVUT payers to E-File and pay their HVUT Form 2290 as soon
as you can to receive an expedited response on the acceptance of your tax
return.
The HVUT
Form 2290 is basically a Federal tax paid on heavy vehicles with a minimum
gross weight of 55000 lbs and the same is used over the public highways for
commercial, agricultural & logging purposes. The tax due is determined by the gross weight
of your vehicle, it begins with 55000
lbs represented by category A
and it increases until over 75000 lbs
represented by Category V.
There will be an increase of $22 for every increase of 1000 lbs in the gross weight. For example if you are reporting a vehicle on the Form 2290 with a maximum gross weight of 55000 lbs the tax due would remain to be $100 and applying the increase of $22, the Annual tax due amount would remain to be $550 for a vehicle reporting with a maximum carrying capacity of 80000 lbs. The electronic Filings will generally be acknowledged by the Internal Revenue Service with an issuance of the digital watermarked copy of schedule 1. This confirmation is a single page Form contacting the Vehicle Identification Number, your entity’s name and address with an E-File date stamp printed right across the middle of the page. This digital watermarked copy would serve you as the proof of filing during your vehicle registration purposes at the Department of Motor Vehicle
Truckers, over this article we are going to discuss on how to go about claiming a refund on your vehicle if you realized that you have not driven it over the desired mileage limit for exemption. It is said by the Internal Revenue Service that the mileage limit for exemption remains to be 5000 miles or more for commercial based units and 7500 miles for Farming & Logging based units.
The Heavy Highway vehicle Used Tax Return HVUT Form 2290 is an annual tax paid to the Internal Revenue Service on vehicles which grosses over 55000 lbs or more and if the same vehicle is been used for its desired purpose. The Form 2290 is basically due by June and its payable until the end of August.
The Form 2290 needs to be filed for the upcoming 12 months hence one must be really sure about the mileage the truck is going to be used. If the truck will be used over the desired mileage lit for exemption, then you pay no taxes to the IRS. Only upon exceeding the desired mileage limit of exemption we have to pay the tax due amount to the IRS.
The Annual Heavy highway vehicle used tax return is due by June of every year and its payable until the end of August. However, the Federal law states that Form 2290 must be e-filed by the last day of the month following the month of its first use. On that basis the Form 2290 is now due by June 30th, 2019 for vehicles first used since May 2019.
At this time, we would like to remind you about the Pre-filing your HVUT Form 2290 for the period beginning July 1st, 2019 through June 30th, 2020. By Pre-filing you’d be able to receive the IRS digital watermarked copy of schedule 1 back in your registered email address soon after the IRS begins processing 2019-2020 Form.
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.
Dear HVUT payers, the HVUT Form 2290 is now due by April 30, 2019 for vehicles first used since March 2019. This pro-rated HVUT deadline is drafted based upon the Federal law that indicates that the Form 2290 needs to be filed on a vehicle by the last day of the month following the month of its first use.
The HVUT Form 2290 is basically the heavy vehicle used tax form paid on vehicles with a minimum gross weight of 55000 lbs or more and the same is been used over the public highway for its desired purpose of use. Despite of the taxable gross weight of the truck if it’s been used over 5000 miles 5000 miles (For commercial based units) and 7500 miles for (Agricultural based units) over the road, it happens to be a taxable vehicle and the taxes needs to be paid full in advance for the period it’s been reported.
On the other hand, if the vehicle is used under 5000 miles (For commercial based units) and 7500 miles for (Agricultural based units) then the vehicle turns out to be tax exempt an no tax due amount needs to be paid to the Internal Revenue Service for staying below the desired mileage for exemption.
By e-filing you will receive the IRS digital watermarked copy of schedule 1 back in your registered e- mail within minutes after you e-file your tax return using www.truckdues.com. This copy would nicely serve you as the proof of filing during your vehicle registration to obtain your truck tags, licenses & etc.
Choose e-filing via www.truckdues.com for a hassle free tax filing process. Reach us back for further assistance during your e-filing process over the following mediums:
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.
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
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!