Tag Archives: 2290 commercial drive

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

E-File your Pro-rated HVUT Form 2290 before Christmas Eve!

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.

Last week left before e-filing your Pro-rated Form 2290 on Time!

Hello there truckers, the Pro-rated HVUT Form 2290 is now due by Oct 31, 2019 for vehicles first used since September 2019. This Pro-rated deadline is drafted based on the Federal law that indicates Form 2290 must be filed by the last day of the month following the month of its first use.

If you had purchase/re-purchase any new trucks during September 2019, then you got 60 days before you could file this Form 2290, you generally file this tax Form to get your vehicle plates, tags, licenses renewed.

The HVUT Form 2290 is basically an annual tax paid to the Internal Revenue Service which is paid on Heavy trucks which comprises a taxable gross weight of 55000 lbs to the minimum until 80000 lbs & above and if the said truck is used on the public highways for commercial, agricultural & logging purposes.

However, the vehicle is determined to be a Taxable vehicle (Where the tax payment needs to be made full in advance to the IRS) or Suspended/Exempt vehicle (Where no tax payment needs to be made to the IRS) based on the desired mileage limit for exemption drafted by the Internal Revenue Service by virtue of the nature of job the utility vehicle performs.

Hence, if the subjected vehicle is expected not to go over the desired mileage use of exemption, it remains to be exempt from Form 2290 tax payment, however a tax return needs to be filed for this vehicle to legally claim and exemption.  

Reach us back for any further assistance 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.

Have you not received your Tax Refund back from the IRS yet?

Hello there truckers, we receive calls from HVUT payers quite frequently wanting to know what is the status of their refund claim. But as must know that the IRS remains to be the sole decision maker in approving/disapproving any claims filed electronically.

Generally the IRS takes up to 21 business days before mailing the refund check to your mailing address. But at times tax payers have reported us about non receipt of the check from the government whereas such queries must be dealt directly with the Internal Revenue Service as they are the deciding authority to go ahead and perform investigation to identify the root cause behind the delay.

Generally there are multiple reasons behind the delay of refund issuance and most common reasons are delay in shipping, approval/disapproval from the IRS end despite successful acceptance of your claim return electronically which will be notified by the IRS only after a couple of weeks which further prolong the tentative timeframe, besides weekends & Federal Holidays contribute their share to the delay as well.

Hence, if there was any delay in receiving the refund check back from the IRS you may feel free to contact the IRS refund claim inquiry helpdesk @ (866) 699-4096 to know the exact reason behind the delay and to know what are the additional documents which you need to produce to re-initiate your claim.

Also, for your HVUT Form 2290 filing queries, Reach us back for any further assistance 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.