Tag Archives: Tax dues

Know the Basics of 2290 Tax Deadline and Filing Methods!

New to the trucking business or are you in the process of adding a truck to your fleet? Well it’s about time you registered the vehicle and got the tags done. But before you could get your license plates you need to file a HVUT Form 2290 tax return and get the schedule-1 copy. This schedule-1 copy needs to be submitted to the DMV for registration purposes.

A common question which arises among the new truck operators is “Should I pay the taxes in full for the year?” Not necessarily you can file the taxes under Pro-rated basis. Meaning you can repot the vehicle from the first month of use.

Now what does the IRS says about the pro-rated filing and what’s the maximum time that you get to file the taxes for new trucks. Well its simple “the taxes can be paid until the last day of the following month from the first month of its use”.

For example, if you would have purchased a truck by October 1^st, 2019 the due date to pay the taxes would be November 30^th, 2019. So basically you get 60 days’ time to file a return and pay the taxes. The taxes paid will be valid until June 30^th, 2020 and again up for renewal by the July 1^st, 2020. So do you have a new truck which needs to be put on road? File your form 2290 and get the schedule-1 copy instantly and hit the roads.

So don’t be confused on comparing this pro-rated deadline versus the annual renewals which are generally due by June & payable until August of every year. Should you have more questions regarding the HVUT Form 2290, feel free to contact our customer support team @ (347) 515-2290 for any further assistance.

How to Pay the IRS Tax dues using your Credit/Debit Card?

Hey there Truckers! It’s once again time for some knowledge input. The most common question which arises with our customers is the Tax payment option. What happens if you choose credit/debit card option to pay the taxes let’s see in detail today

The IRS basically gives four different option to pay your taxes:

1. EFW (Electronic Funds Withdrawal)

2. EFTPS (Electronic Federal tax payment system)

3. CREDIT/ Debit card payment

4. Mailing a check to the IRS

Out of these four if you choose to pay using credit/debit card option you need to log into the IRS payments portal www.irs.gov/paybycard this portal is dedicated for credit or debit card payments.

When you log into this website you can see three payment operators authorized by the IRS for card payments. You just need to select the most convenient mode and proceed with the tax payment. Please do notice that there will be a convenience fee of $2.00 to $2.58 for debit cards and 1.87% to 1.99% of the tax amount for credit card payments. You could choose the best out of the three and process your payments.

If you choose not to pay an extra convenience fee over the tax amount you could just select the Electronic Funds Withdrawal (EFW) option where you just need to key in the account and routing number during your filing and the payment will be automatically debited from you savings or checking account.

Be sure to know of these facts and in case if you might have any questions during your HVUT Form 2290 e-filing process you may feel free to reach us back @ (347) 515-2290 and our tax experts would be really obliged to serve you promptly with your tax filing needs! God Bless America! God Bless our Truckers!

Despite the IRS e-file shutdown period, you could still e-file your Pro-rated HVUT Form 2290.

New Year is right around the corner. New Year’s is the perfect occasion to celebrate Love, friendships and all the good things in life. Let’s take the time to appreciate what this year has given us and what the new one is about to bring! A new year means new beginnings, love, chocolates, and warm wishes for your friends and family. Now at this joyous time, we would like to remind you about the forthcoming Pro-rated HVUT Form 2290 Deadline and the IRS year end maintenance period.

Every year, during the Christmas Eve, the IRS online servers will turn offline with a motive to upgrade their e-file systems in order to accept tax returns for the following tax period (For the period beginning July 1^st, 2019 through June 30^th, 2020). Now any tax returns e-filed during this downtime will be processed until the IRS recommences full operations, which is expected to turn up during the 2^nd week of January 2019.

However, that doesn’t mean that you simply can’t e-file your tax returns right now, you could have it e-filed right now and wait until the IRS recommencement before receiving the IRS digital watermarked copy of Schedule 1 in your registered e-mail address. The Federal law states that the Form 2290 must be e-filed on a vehicle by the last day of the month following the month of its first use. On that basis, now the Form 2290 is due by Dec 31^st, for vehicles first used since November 2018. E-file before the deadline.

Failure to E-file the Form 2290 before the deadline might end up in owing the IRS a penalty for late in filing & payment. This penalties might fluctuate between 3 to 5% of the overall tax due owed on your vehicle and the worst part is the interest will accumulate on daily basis as long as you prolong the lateness beyond the desired deadline assuming it as an extension. In the first place we would like to make our dear truckers aware that there has been no extensions for Form 2290.

Truckdues.com has been rated to be one of the moist efficient & cost effective websites which makes the e-filing process easy even for beginners. There are no complex calculations involved as our application bears that part on your behalf as it has an inbuilt tax calculator for your convenience. Soon after you enter your vehicle information, our application would calculate the tax due amount of the vehicle reported.

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

We wish everyone a Happy New Year. Live chat with our tax representatives.