Hello there dear truckers! Hope you’re all safe and sound. We are into the last phase of filing your taxes as we just have a week’s time before the deadline for your form 2290. As you know the form 2290’s are due by July and payable until august 31 every year. While most of you have filed your tax returns yet there are many who hasn’t filed yet. We would like to keep you posted about this as we are nearing the deadline and any filings done after august are subjected to penalties from the IRS.

Most of you have a common question asking that why should you renew now as your tag renewals are later this year and aren’t we supposed to do it only then? Well, that’s not how it works. Form 2290’s are always from July 1 to June 30 the following year and the taxes are to be paid upfront for the whole tax year. And how will the taxes be calculated? It depends on miles that you do in a tax year and the total gross weight of your vehicle {tractor + trailer + the max capacity that you can haul}. For a vehicle to qualify under a taxable category it should do more than 5000 miles in a tax year and the minimum gross weight should be 55000 lbs and above.

Some of you have a question that you drive local but why should you pay the taxes? well as said before if you do local or run across the nation it’s the same, and as mentioned above if you do more than 5,000 miles you’re liable to pay the taxes. So what is the eligibility of the vehicle to be exempt from taxes, it is simple if you do less than 5,000 miles (7,500 miles for agricultural used) you may pay no taxes and report the vehicle under suspended or exempt from tax category.

For those of you who have questions on how to file using our website please follow the following steps. Also, you need to register yourself first and then log in to the account before you file your tax returns.

Click start a new return from the Home Page

GET STARTED PAGE:

• select your business name from the drop-down menu
• Then Click Form 2290 Tax
• Then Select the Tax year as July 2020 -June 2021 & select first used month as July 2020.  
• Then you need to select “consent to disclosure ” and enter a 5 digit pin and Then Hit Next.

TAX OPTION PAGE:

• Select “taxable vehicle” if you do more than 5000 miles or select “suspended or exempt from tax” box and then click next

VEHICLE INFO PAGE:

• You may select “ADD VEHICLE” to enter a new VIN number or if you’re an existing customer you may just simply select “IMPORT” and select from the previous filing
• This page would also give you the total tax amount that you owe, then hit next

IRS OPTION PAGE:

• Then over the next page, select “yes” for E-Filing
• then choose Electronic Funds withdrawal option to type in your Bank Account Number & the Routing Transit Number. Once done, Hit next.

On successfully completing all these steps you just need to pay the service fee of $7.99 and transmit the form to the IRS and within the next 30 minutes, you would receive the schedule-1 copy in your email.

And if you have any issues or questions relating to that you may always contact us at 347-515-2290 or simply drop us an email to support@truckdues.com.  Its COVID on the loose, hope you stay safe!