Category Archives: Form 2290

Professional advise on Claiming your overpaid 2290 Tax Due!

Double payments we all face this issues on daily basis don’t we? This happens either because of a technical error or because of our ignorance. But we do always have an option to claim it back. Now how a double payment occurs when it comes to Form 2290 filing and the method to reclaims the excess paid taxes.

Generally when a tax return is filed electronically the tax payer is offered 4 different payment options to make the tax payment to the IRS namely:

  1. Electronic Funds Withdrawal (EFW)
  2. Electronic Federal Tax Payment System
  3. Credit/Debit card
  4. Check or Money order.

Now let’s discuss the possible outcomes for overpayments via the above mentioned tax payment options. While using EFW the payment gets automatically cleared by the IRS from your given checking or saving account within 24-48 hours from the time your tax return got processed by the IRS. Or by reporting the same vehicle twice for the same tax period

Besides, there is no specific paperwork provided by the IRS to indicate the tax due clearance hence most people tend to make another payment to the IRS using an alternative options hence ending up paying taxes twice.

On the other hand while using a credit card, there are chances to process payment twice due to multiple clicks or responses given from the tax payer’s end over the IRS authorized payment processor’s website namely www.PayUSAtax.com, www.Pay1040.com & www.officialpayments.com.

Hence, if you had an over-payment in your 2290 tax due payment, do not hesitate to claim a refund by e-filing the claim Form 8849 Schedule 6 to receive the refund check in your mailing address in 21 business days.

Truckdues.com wishes you all a Happy Thanksgiving 2019!

“We must find time to stop and thank the people who make a difference in our lives.”

— President John F. Kennedy

The Much awaited day probably the best week end of the year in just around the corner. It’s the time to share and care with our beloved ones and be grateful for what we have and appreciate for what life has given to us. Its thanks giving day yes it is, the celebration known and followed for centuries as a token of gratitude towards everything in life

Prayers to gifts, from hosting a humble dinner to spending time with your family it all happens on this day. A day at peace long away from hectic regular work and relaxation is all that we need and what else could we expect on this day. Freshly pluck flowers and fresh baked cookies not to mention the pumpkin pie and the specially made turkey the day is all about simplicity and a remembering a humble beginning we thank for all we have and blessed with.

A day to feast your eyes with food and soul with enlightenment, lets us all sit down at the table during this holiday and think about how god has blessed our land with all the prosperity and opportunities to live our dreams and fulfill our hopes and let’s not forget the people who has and have been sacrificing and defending the glory of our country to safe guard our life.

Being cherished off the good vibes all the day, let’s not forget to spare a moment to think off gratitude to be shown towards people who sacrifice their own time in serving the nations needs like our beloved truckers who work tirelessly over the road so we’d get access to our daily supplies with no demand. Thank a trucker over the highway if possible during this Thanksgiving. Let the love & respect be bestowed upon who deserves more.

At this joyous time of the year, leaps in a deadline to E-file your Pro-rated HVUT Form 2290 for the Period October 2019 through June 2020 which is due by November 30, 2019. This deadline is brought to you by the Internal Revenue Service based on the federal law which indicates that the Form 2290 must be filed by the last day of the month following the month of its first use. Reach our tax experts at (347) 515-2290 for your Filing needs!

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 1st, 2019 the due date to pay the taxes would be November 30th, 2019. So basically you get 60 days’ time to file a return and pay the taxes. The taxes paid will be valid until June 30th, 2020 and again up for renewal by the July 1st, 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.

Types of rejections when filing HVUT Form 2290!

Are you facing form rejections while filing your HVUT Form 2290? Well there are three different factors which plays 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.

  1. RTN rejection (Routing Transit number entered wrong).
  2. EIN rejection
  3. Due to New EIN.
  4. Due to Mismatch in the name and address registered to the EIN
  5. VIN duplication.

RTN Rejection: This rejection occurs when you enter the Routing Transit Number wrong while declaring your account details when choosing the IRS tax payment method as EFW (Electronic Funds Withdrawal). The most common possibilities of mistakes are entering the Routing number wrong or by interchanging the account number in the place of routing number or vice versa

EIN rejection: The IRS rejected your form 2290 when the EIN is rather new or if the Name of your business and Address doesn’t match with the IRS records.

  • If your EIN is a new one the IRS needs 15 Business days (excluding weekends and federal holidays) to recognize a new EIN and process the filing. Any Filing done with the EIN which is less than 15 business days will end up rejected.
  • When you EIN Doesn’t match with the IRS records the form will be rejected. The address and the name of the business registered while obtaining the EIN should match with the current address and name while filing. This error occurs when a customer has a recent change of address and fails to report to IRS before filing.

This can be rectified by checking the address change box while reporting your vehicle there by informing the IRS about the change in address and if any changes to be done on the business name, you need to contact the IRS and have it changed before you can file the taxes.

VIN duplication: The IRS doesn’t normally accept double payments or double filings hence this rejection happens. Let’s assume if your vehicle was traded or bought from a dealer for which the taxes were already paid in full by the previous owner. When you report the same vehicle under the business the IRS would reject the form stating “VIN duplication”. Hence you need to contact the previous owner of the truck and with their consent you need to call the IRS to have the name and address changed on the 2290’s.

By keeping in mind of all these things you can successfully get you schedule-1 copy within minutes smoothly.

E-File your Pro-rated HVUT Form 2290 before this Thanksgiving Holiday!

Truckers, we got to remind you about the upcoming HVUT tax deadline by November 30, 2019 for vehicles first used since October 2018. This deadline has been drafted based on the Federal Law that indicates that the Form 2290 needs to be filed by the last day of the month following the month of its first use.

This deadline is considered to be applicable for vehicles that are purchased/re-purchased or in use since October 2019. This deadline does not have any impact over regular annual renewals done in July & August of every year.

The Heavy Highway vehicle used taxes are generally paid on vehicles with a minimum taxable gross weight of 55000 lbs or more and if the subjected vehicle is used on the public highways for commercial & agricultural purposes.

Unlike your 1040’s the Form 2290’s are always been filed and paid upfront for the upcoming period. Hence, one must be sure of the fact if the truck would exceed the desired mileage limit for exemption to pay the tax dues full in advance whereas if the truck might under run the said limit to claim a complete exemption from paying taxes to the IRS.

E-Filing HVUT Form 2290 via www.truckdues.com hardly consumes few minutes of your busy on road schedule. You don’t have to spare a lot towards hiring a high priced professional to assist you with your 2290, instead you can e-file your HVUT right off  your PC or smartphone and get the services rendered as low as $7.99. Receive the IRS digital watermarked copy of schedule 1 in the email minutes after you e-file. Reach our tax experts @ (347) 515-2290 for any further assistance.

Trick or Treat! It’s time for Halloween.

Hallows Eve is right around the corner, it’s time to scare your close ones and remember the martyred and pay respect in their memory. A day to pull out the best pranks on your friends and family to be at peace and enjoy the company.

This is the day where we adults can be excused for our sweet tooth carving, so sit back and enjoy the treats and let your dental plan cover your smile. It’s time to become kids again and spooke the life out of everyone around.

It’s about time to haunt those lovely yet annoying neighbors with the best tricks up the sleeve. Not to mention the Decorations that we get to do and deploy the ghost in us and turn the yard into a horror land. Let the chills run down them spines as you scare your way into the dark as creepy hours goes up until dawn the fun never ends when you got it all.

Let this Halloween not haunt you with Bills and taxes, we are here to cover it up for you. Haven’t renewed you Form 2290 tax for the Period beginning July 2019 through June 2020 or do you have a new truck by September 2019 which needs to be reported on a Form 2290? Well we can do that for you, treat yourself with the fastest e-filing providers at your service at just $7.99!

Renew you HVUT Form 2290 taxes now and receive the schedule-1 copy in your registered e-mail           within minutes. Why waste time waiting for your conformations while you can run about scaring people and get your taxes done meanwhile?

Our Tax Experts are striving to serve the ever hard working trucking community with their HVUT Form 2290 filing needs. Reach us back @ (347) 515-2290 for further inquiries.  We wish everyone a Spooktacular Halloween! God Bless America! God Bless Truckers!

What would you do while claiming a refund on a low mileage vehicle?

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 blog 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.

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.

Logging vehicles versus Commercial vehicles

Do you have a doubt whether your vehicle is a logging vehicle or a commercial vehicle? And do you want to know what would be the tax difference? Well this blog is especially for those who have doubts on these areas. The most common mistake that the filers commit while filing the Form 2290’s are in this area. First let’s see what the difference between these two is.

Commercial vehicles are trucks that are used to haul any type of goods except forest related products e.g. Hauling timber and Logging vehicles are those trucks extensively used to haul only forest related goods. The criteria for both these types are the same except for the goods that they carry.

The vehicle mileage limit would be the same i.e. 5000 miles for taxable category vehicles and the taxes would be based on the gross weight of the vehicle (weight of truck + trailer + max load it can carry) and for every 1000 lbs increase in weight starting from 55,000 lbs there would be an increase in tax amount payable.

For a commercial vehicle with a gross weight of over 75,000 lbs would be $550 for a whole tax year and for a logging vehicle the total tax amount would be $412.50. The taxes for the Logging vehicle would be lesser than a commercial vehicle considering the forest based products.

When you file your tax returns, please do make sure that while entering your VIN details the logging vehicle category is checked in case of declaring your truck as logging vehicle and vice versa. So when you declare your vehicle make sure that these are noted, else if any changes need to be made after filing should be done by contacting the IRS directly which would consume your valuable time accordingly

Our Tax experts are striving to assist you with your HVUT Form 2290 inquiries. Hence, feel free to reach us back at (347) 515-2290 between 9 AM to 5 PM Central Standard Time, Monday through Friday except major federal holidays. Happy Trucking, God Bless America! God Bless our Truckers!