Dear HVUT filers, As we have learned to live along with the pandemic Virus on the loose we also have good news around different parts of the world regarding a vaccine for a cure. Hope it brings a breakthrough and saves lives. Till then be safe and sanitized. As you know the HVUT Form 2290 is now due for a for the vehicles bought or used since December 2020 Period beginning July 1, 2020 through June 30, 2021, thousands of truckers have e-filed their HVUT Form 2290 for the current period already and what about you ?Continue reading
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
So truckers, welcome to a brand new week at TruckDues.com. We hope you enjoy reading our updates and if there is anything you wish to address, don’t hesitate to drop by the comments. We will surely look into it. Today, we are going to talk about the differences between efiling and paper filing, providing room for users to understand and gulp down the possibilities and shun down some responsibilities via efile.
Before we start, let’s brush up the basics.
What Is Form 2290?
Form 2290 is also known as Heavy Vehicle Used Tax paid by truckers and owner operators driving heavy rigs weighing more than 55,000 pounds. It is believed that these heavy vehicles cause more damage and these taxes are directly funded to the maintenance of the highways and bridges across the nation.
Do You Think It Is Essential To File Form 2290 Online?
This question is raised round the clock, despite of efiling being the most usual method of filing tax. However, if you are looking out for a method that can reduce your workload and allow you to file within minutes, efiling is the method that will serve you with your requirements.
The best part about efiling is that you can file any time of the day and receive your schedule 1 copy in minutes; however, this is not so possible with paper filing. And you can bid bye the hurdles you face while paper filing. Keep reading for a clear discussion.
Paper Filing: Manual filling the form within the given time
Efiling: The form is converted into an online application and there is no time limit to fill in with the details. Simply key in your details about your vehicle and let the magic spill.
Paper Filing: Calculations are done manually.
Efiling: The application would do the math for you. Ensure you key in the right information.
Paper Filing: Error check is tedious and we tend to miss finding errors many times, which pave ways for rejection.
Efiling: Nothing is tedious when TruckDues.com is around. The application can automatically find the errors, notifying you before transmitting to IRS.
Paper Filing: You cannot look forward for assistance while manually form 2290.
Efiling: If you opt for efiling, you can simply reach out for our Tax Experts through phone, email or chat. Instant response can be expected.
Paper Filing: Payment of the dues is only through check or money order.
Efiling: There are three methods available, among which you can choose and pay your dues.
Paper Filing: Time taken for the delivery of schedule 1 copy is 5-45 days.
Efiling: Once the return is transmitted to IRS, you will receive your schedule 1 copy in minutes after IRS approval.
Paper Filing: No tracking ID or any other details about schedule 1 copy
Efiling: If there is any delay in the delivery of the proof of payment, simply log into your account registered with TruckDues.com and check for the status. If you are still not clear, you can always get in touch with our Tax Experts.
Paper Filing: Pay penalties when return reached IRS late.
Efiling: There is no room for penalties as return is transmitted to IRS almost immediately.
Paper Filing: Schedule 1 copy would be mailed to you end as soon as IRS issues it.
Efiling: If you file with TruckDues.com, you can receive your schedule 1 copy through Fax and alert through Text.