Category Archives: Truck Tax Online

Did you know that you could pre-renew your 2019-2020 Form 2290 by June 2019?

Hey there truckers, we got an important news for you. Beginning June 2019, you can Pre-file your HVUT Form 2290 for the period beginning July 1st, 2019 through June 30th, 2020. No introduction is required for existing HVUT Form 2290 pre-filers, however for first time HVUT payers, Pre-filing is the way to file your HVUT Form 2290 for the upcoming tax period (July 1st, 2019 through June 30th, 2020) even before the Form is literally due.

The Pre-filing initiative was introduced for the HVUT Filers who file their tax returns near the tax deadline amongst millions of other late filers who almost missed the Deadline date. The IRS always entertains processing of HVUT tax returns on First come- First Served basis.

Hence, Pre-filing is the only option for you to be able to e-file your HVUT Form 2290 way earlier to place a priority over your tax return amongst other e-file tax returns. It increases the chances of expediting the processing of your tax return even during the high time of the year.

Truckdues.com is one of the prominent websites which offers economic e-filing at a much affordable cost. We have earned out trust among a major share of independent owner operators. E-Filing begins here as low as $7.99. E-File & receive the IRS digital watermarked copy of schedule 1 instantly in your e-mail.

You’ve still got time until May 31st!

Bought a heavy vehicle for yourself? Wondering whether to pay the taxes for the whole year? Well that’s what the prorated taxes are about. As per the IRS “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”.  So have you got a vehicle with a gross weight of 55,000 lbs or above and if you have plans of operation it on the highway over 5,000 miles the dead line for paying the taxes is just a couple of days away.

Well first things first so what about the tax calculation? The Prorated taxes are calculated based on the month of first use and the vehicle should have crossed 5,000 miles. 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 April is due and the deadline is on 31st May, 2019.

What will you incur if you don’t pay the taxes? Well that’s simple the IRS will charge 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 why to incur these charges when it’s still not late to file your return.  But the time is on the horizon and its just a couple of days more to file your prorated taxes.

What if you have paid for an old vehicle which you have sold to buy a new one? But paid the taxes in full? There’s no need to worry about it. The taxes can be transferred to the old vehicle to the new once as credits. Just by filing a Form 2290 for the new vehicle and old vehicle by listing it under sold category. Here at TruckDues.com this process is made simple and the calculations are done automatically such that the website itself will do the math and notify you the difference. This will help you assess whether if there is anything to be paid out of pocket or if the available credits would cover up the taxes for the new vehicle.

So what are you waiting for, rush now just log into TruckDues.com and enter the new vehicle details, let our website do the math for you. Just with a click you will be able to transmit the return to the IRS and receive a water mark copy of Form 2290 schedule-1 to your registered personal email.   

It’s just a weeks’ time before e-filing your Pro-rated HVUT Form 2290

It’s just a weeks’ time to report any new vehicles bought by the month of April as the pro-rated tax filing due date is on the horizon. But you might think the tax year for all the heavy vehicles is just a month away (July 01) and why to pay for the new vehicles now? Well As per the Federal law any new vehicle bought by an individual or a company is to be registered and to be reported to the government. The vehicles will fall under taxable category provided the vehicle is estimated to run above 5,000 miles and it has a gross weight of 55,000 lbs or more.

So, if you have bought a new vehicle and if you have plans of operating it on the public highway for more than 5,000 miles within the next couple of months its high time you report the vehicle and file taxes to evade penalties charged by the Government.  

And what does the federal law state about the pro-rated payments and due dates? “The pro-rated taxes are to be paid on or before the last day of the following month form the first month of use or purchase of vehicle” and so if you have bought any new vehicle or transferred the owner ship to yourself in the month of April you will be liable for paying the pro-rated taxes. But how do you file a new vehicle under pro-rated taxes? It’s quiet easy when you report it through TruckDues.com, Just select the month of first use (e.g. April) the website itself would do the math for you and give you the precise tax to be paid. 

What if you have paid for an old vehicle which you have sold to buy a new one? But haven’t operated the old vehicle for the whole year and paid the taxes in full? There’s no need to worry about it. The taxes can be transferred to the old vehicle to the new once as credits. Just by filing a Form 2290 for the new vehicle and old vehicle by listing it under sold category. Here at TruckDues.com this process is made simple and the calculations are done automatically such that the website itself will do the math and notify you the difference. This will help you assess whether if there is anything to be paid out of pocket or if the available credits would cover up the taxes for the new vehicle.

Know before you choose the IRS tax payment while e-filing your 2290!

Hello there HVUT payers, we hope this article reaches you with high spirits. Now over this article we are going to discuss the most common misconception that arise among the HVUT payers while choosing the right IRS tax payment option while e-filing their HVUT Form 2290.

As you know, while e-filing your HVUT Form 2290 you got 4 different options in order to make the tax payment to the IRS. Namely

  1. Electronic Funds Withdrawal
  2. Electronic Federal Tax Payment System
  3. Credit or Debit Card
  4. Check or Money Order

Amongst the 4 above option, only via Electronic Funds withdrawal the IRS will be able to process the tax payment automatically. Rest other options require your action to logon to the respective website and schedule payments to the U.S. Department of Treasury.

Recently the IRS began accepting tax payments using Credit/Debit cards. Since, then many HVUT payers are prone to misconception based on their assumption that paying the IRS tax payment using credit/debit card is an automated process but in reality it’s not. Hence, by far many HVUT payers have received a letter from the IRS stating a non-tax payment due to the ignorance of the tax payers.

So, inured for you to be able to make the IRS tax due payment using your credit/debit card you must log on to https://www.irs.gov/payments/pay-taxes-by-credit-or-debit-card and choose one of the 3 payment processors who support tax payment using card.

Reach us back for any further assistance with your HVUT Form 2290 filings.

It’s just a Fortnight left until E-Filing your pro-rated HVUT Form 2290!

Yes you heard it right it’s just a couple weeks’ time left to file your taxes, But you might ask, Why now? Since the taxes for 2019-2020 is due in a month’s time? Well, if you have a new vehicle to report which is yet to be filed? And if you have plans to operate it over 5000 miles before 30th June 2019 now is the right time to do it. As per the IRS regulations it’s mandatory to file your vehicle for tax purposes, in failure to do so will attract penalty for late filing and payments of taxes.

So what does the IRS say?

As per the Federal law it’s mandatory for all new vehicles to file the vehicle by the last day of the following month of its first use and the taxes are calculated based on the first month of use till        June 30th, so the taxes will be calculated for the number of months used and miles to be driven (taxes are applicable for vehicles mileage over 5,000 or 7500 for agricultural vehicles)

Here at truckdues.com we avail multiple and secure modes of payment options, authorized by the federal govt. So why to worry?  So, hurry up before it’s too late to file your tax returns and avoid any unnecessary penalties.

Truckdues.com has been rated to be one of the most cost effective websites amongst a major group of independent owner operators and trucking business for its much affordable price.  E-File your pro-rated HVUT Form 2290 now and receive the IRS digital watermarked copy of schedule 1 back immediately in your registered e-mail address.  Happy Trucking !!!

The Form 2290 is now due by May 31 for vehicles first used since April 2019.

Truckers, the HVUT Form 2290 is now due by May 31 for vehicles first used since April 2019. As you’re reading this, remember this pro-rated Form 2290 is now due only for vehicles that were purchased/re-purchased/into operations beginning April 2019.

The HVUT Form is basically an annual tax paid to the Internal Revenue Service on vehicles which comprises a minimum gross weight of 55000 lbs or more and if the same vehicle is used over the public highway for its desired purpose of use.

The IRS has drafted 3 different mileage limits for exemption on vehicles based on its nature of use. Please find the drafted mileage limit of exemption for vehicles as follows:

For commercial based units- 5000 miles

For Agricultural based units- 7500 miles

For Logging based units –     5000 miles.

Any said vehicle seems to exceed the above mentioned mileage limit for exemption needs to be reported as a Taxable Vehicles and the tax amount needs to be paid to the IRS upfront for the period its reported regardless it’s an annual or apportion filing. However, on the other hand if the subjected vehicle seems to be operated below the desired mileage limit for exemption, then it would remain to be exempt.

E-Filing your Pro-rated HVUT Form 2290 using www.truckdues.com and receive the IRS digital watermarked copy of schedule 1 within minutes after you e-file. The same copy could be used as a proof of filing during the vehicle registration purposes. Reach us back @ (347) 515-2290 or support@truckdues.com for any further assistance. Have a Good One!

Claiming a Low Mileage Vehicle Credit- Explained how!

Hello there Truckers, over this article we are going to discuss on How to go about claiming a low mileage vehicle credit for trucks that are used quite inactively over the road. Most truckers are not really sure how to claim a refund on vehicles for which the taxes were paid full in advance during the beginning of the tax period.

The Low Mileage vehicle is basically claimed over trucks which were not used over the desired mileage for exemption during the end of the tax period. Almost on a daily basis, we receive queries from the HVUT tax payers saying that their trucks are not in service due to mechanical wear & tear, engine related issues, due to natural calamities etc.  

Now if such occurrences happen when the Tax Form 2290 was already filed for the subjected vehicle, the owner of the vehicle must refer to the odometer reading to record the number of miles the truck has covered until the period it was reported. If that seems to be exceeding the desired mileage use of Exemption (5000 miles for Commercial based Units & 7500 for Agricultural based units) No further action is required from your end.

On the Contrary, if the subjected vehicles seems not to have exceeded the desired mileage use of Exemption (5000 miles for Commercial based Units & 7500 for Agricultural based units) then you are entitled to claim a full refund on the taxes paid on this vehicle. However, you will only be able to claim this refund after the current tax period officially ceases.

You may feel free to reach us back for further assistance during your e-filing process 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.

It’s just a fortnight left until your pro-rated HVUT Form 2290

Hello there Truckers, over this article we would like to discuss about the near term HVUT Form 2290 tax deadline, which is due by April 30th, 2019 for vehicles first used since March 2019. As the Federal law indicates that the Form 2290 needs to be filed by the last day of the month following the month of its first use.

Now on this basis, the Pro-rated HVUT Form 2290 is now due for vehicles that are purchased/re-purchased/began its operation since March 2019. However, this pro-rated HVUT Form 2290 has nothing to do with your regular 2290 annual renewals which is basically due by June and payable until the end of August.

E-Filing is economic & fast, besides the most significant feature of e-filing is that it ensures a secured acceptance of your tax return within minutes after you e-file. Receive the IRS digital watermarked copy of schedule 1 back in your registered e-mail address, the same copy will serve you as the legal proof of filing during your vehicle registration purposes at the Department of Motor Vehicle.

We strive you serve the ever hardworking trucking community who hesitates to spare even a single minute towards his/her own needs instead ensures our nation’s needs are addressed on time with no delay.

Reach us back for your HVUT Form 2290 filing needs over the following mediums.

Phone: (347) 515-2290 [Monday through Friday, 9 AM to 5 PM Central Standard Time]

Live Chat with us

E-mail us: support@truckdues.com

Do you have a hard time figuring out what your Form 2290 tax due be?

Hello there truckers, almost on a daily basis we get calls from our HVUT filers trying to figure out what their HVUT Form 2290 tax due would be. Hence, we have come up with a solution, Yes despite we have an inbuilt tax calculator integrated in our website, besides we got a Tax Calculator widget enabled for you right on our home page.

Soon as you logon to www.truckdues.com you may enter your vehicle details to get the tax computation done within minutes. So you’d be able to figure out the exact tax calculation for the number of vehicles that you intend to report on this Form way in advance.

E-Filing your HVUT Form 2290 is way easier than you think, simply enter your information and answer few questions on our website and our website would automatically fill out your application and generates a virtual paperwork which can be submitted directly to the IRS.

Post you submit your application, it just takes few minutes before you receive the IRS digital watermarked copy of schedule 1 in your registered e-mail address and the same can be used during your vehicle registration at the Department of Motor Vehicle.

Choose e-filing via www.truckdues.com for a hassle free tax filing process. Reach us back for further assistance during your e-filing process 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.

You only have until December 16 to transition your full fleet to ELDs

While FMCSA still in Phase 2 of ELD Implementation, December 16, 2019, is a critical date as the AOBRD grandfather provision expires. This provision allows fleets that had AOBRDs installed in their trucks prior to December 18, 2017, to continue using AOBRDs for two years following the ELD Compliance Date. Beginning December 16, 2019, motor carriers and drivers subject to the ELD rule must use self-certified ELDs that are registered with FMCSA.

The ELD rule applies to motor carriers and drivers who are currently required to keep records of duty service (RODS) under the hours-of-service (HOS) regulations. Drivers who use the time card exception, and don’t keep paper RODs, will not be required to use ELDs. The following drivers may keep paper RODS:

  • Drivers who keep RODS no more than 8 days during any 30-day period.
  • Driveaway-towaway drivers (transporting a vehicle for sale, lease, or repair), provided the vehicle driven is part of the shipment or the vehicle being transported is a motor home or recreational vehicle trailer.
  • Drivers of vehicles manufactured before model year 2000.

However, a carrier can choose to use an ELD, even if it is not required.

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