Trucking Industry Supports President Obama’s Push for Highway Funding

On Wednesday, August 31, 2011, President Barack Obama was joined by Transportation Secretary, Ray LaHood, as well as Richard Trumka, president of the AFL-CIO, and also David Chavern, the chief operating officer of the Chamber of Commerce as he made a speech to a gathering of Highway Workers regarding the Transportation Bill currently in Congress. His speech mainly focused on the jobs that would be lost if Congress failed to pass the bill by September 30th (the current transportation legislation is set to expire on Sept. 30).  According to his speech, nearly one million highway workers would be out of a job if the current legislation expired without enacting new legislation.  

The current transportation legislation “The Safe, Accountable, Flexible, and Efficient Transportation Equity Act: A Legacy for Users” expired in 2009, but Congress has kept adding extensions to the legislation. The most recent one expires at the end of September. If it is not extended, or if new legislation is not enacted to replace it, the transportation industry will experience a shutdown similar to what the Federal Aviation Administration (FAA) experienced earlier this year.

If there is no immediate solution, the Transportation department will experience about 4,000 jobs to be furloughed without pay, and up to one million jobs if the delay is any longer. These are jobs for the people who build our roads and keep them safe. It would be detrimental and irresponsible to our highway system if this legislation is not kept in place.  

The American Trucking Associations (ATA) came out in support of President Obama stating that Congress needed to quickly act on another extension, but  more extensions are no replacement for a long-term highway solution.  The ATA also urged the administration to use caution when using private sector funding for public infrastructure.   

Soon after, The American Association of State Highway and Transportation Officials also released a statement in agreement with the ATA. Another organization that supported President Obama’s push for new legislation came as a surprise was OOIDA (Owner-Operator Independent Drivers Association). This was a bit surprising because OOIDA and the ATA have had a history of having a different opinion than the ATA.  But as to this issue they have a similar viewpoint.  They also agree that the government should try to avoid private sector funding for public transit.

This delay in the typical tax year for those filing Truck Taxes has affected an entire industry.  Once an extension is passed or new legislation is enacted, those Truck Taxes will be able to be filed with Express Truck Tax at www.ExpressTruckTax.com. You can use this service to quickly E-File your Heavy Vehicle Use Taxes with Form 2290, 8849, IFTA and more!  It only takes minutes to complete. If there are any questions, you can send them to (704)234-6005 or support@ExpressTruckTax.com. 

What is the purpose of IRS Form 2290(HVUT) and how it can be e-filed?

The purpose of Form 2290:

IRS Form 2290 is meant to send information about the usage of a commercial truck and to pay taxes on that use to the IRS. You can use this form for a single truck filing, or up to twenty-five vehicles can be reported on one form. The major reasons for filing the form include:

• Calculating and paying the taxes owed on Heavy Highway Use Vehicles
• Claiming a suspension of the tax for vehicles driven less than 5,000 miles during the applicable period (or 7,500 miles if agricultural use)
• Claiming a credit for a sold, stolen or destroyed vehicle

This IRS form only applies to a specific time period, which does not coincide with the calendar year. The typical Tax year for Form 2290 is from July 1st to June 30th of the next year. The form and any payment are typically due by the end of August of the corresponding year. The IRS requires that forms with 25 or more vehicles to be electronically filed.

As mentioned Earlier, the typical tax year is from July 1 to June 30, but this year it has changed.  Due to legislation being held up in Congress, there has yet to be a legislation enacted to collect these Heavy Vehicle Use Taxes. The IRS has announced that it will not be accepting these forms until November 1 this year.

Parts of the Form:

While this form is broken down into two parts, those who file electronically with ExpressTruckTax.com only need to enter information one time. The Form 2290 consists of the Form and the Schedule 1 that needs to be stamped by the IRS in order to register a vehicle with the state DMV. Much of the information for these forms are duplicate information. Filing online with the Express Truck Tax service will save you time by only entering information once.

When E-Filing this form, instead of physically stamping the Schedule 1, the IRS will send a Schedule 1 with an official IRS watermark to verify that it was processed. State DMVs are required to accept this as proof of the Schedule 1.

Heavy Highway Vehicles:

The IRS also provides a way for owners and operators of multiple vehicles to include them in the same form. The Schedule attached to Form 2290 allows the taxpayer to list the VINs of all included vehicles. When filing electronically, you can even upload an excel document of all your vehicles. Another beneficial feature of ExpressTruckTax.com is the option to perform Free VIN Corrections. Instead of having the form rejected and sent back to you, you can correct the mistake and submit it to the IRS again at no extra charge.

Questions About the Form 2290:

If you have any questions about Filing Form 2290 or if you qualify, feel free to call the Truck Tax Experts at Express Truck Tax at (704)234-6005. You can also email them at support@expresstrucktax.com. You can also checkout their Website and Blog to stay up to date on the latest Truck Tax information: www.ExpressTruckTax.com.

What You Need to File Internal Revenue Service Form 2290 Online(HVUT)

To file the IRS Form 2290 for Heavy Vehicle Use Tax, there are a few key pieces of information you will need to know in order to receive a stamped Schedule 1 from the IRS. First and foremost, you should have an idea as to the number of miles driven by each vehicle, because if a vehicle was driven less than 5,000 miles (or 7,500 miles if agricultural) then it would technically be considered to be a credit vehicle. Other information that is key to filing Form 2290 is your Employee Identification Number (EIN), Vehicle Identification Number (VIN), and the taxable gross weight of the vehicle.

The Employee Identification Number is a required section of the Form 2290. This is a number that is unique to you, and the IRS uses it to identify a business entity. If you do not have an EIN, you can apply for one through the IRS website.  

Another necessary part of the Form 2290 is, of course, the Vehicle Identification Number. Every vehicle is required to have a VIN, which is a 17 character combination of numbers and letters.  This information can typically be found on the registration or title of the vehicle. In order to know how much tax is to be paid, you must also report the Taxable Gross Weight of the vehicle. This can be found by adding the following totals: unloaded weight of the vehicle fully equipped for service, unloaded weight of any trailers equipped for service and customarily used in combination with the vehicle, and the weight of the maximum load customarily carried on the vehicle and on any trailers customarily used in combination with the vehicle.

Once this information is obtained, the best way to file the Form 2290 is by using an IRS-approved E-File provider like ExpressTruckTax.com. Filing this form online is a much better option than mailing it in, or waiting in line at the IRS office. Filing Online through the secure servers of Express Truck Tax is safer than sending important tax documents via postal mail.  It is also much quicker. The IRS typically processes each return and sends it back to you in a matter of minutes. This helps you stay focused on what matters to you, not on endless paperwork, or long lines at the IRS office.

Express Truck Tax is Your All-In-One Provider of U.S Federal Tax Forms 2290 and 8849

ExpressTruckTax.com has everything you need to to file your truck taxes online so that you can keep on rolling. It is packed with all sorts of features that benefit Owner Operators, Trucking Companies, and other service providers filing HVUT.

One of the most commonly filed IRS forms among those in the Trucking Industry is the IRS Form 2290, and its accompanying Schedule 1. With Express Truck tax, you can easily file this IRS form online in minutes, and for as little as $9.90, it is the most attractive price in the industry.  

After filing Form 2290 with the IRS through Express Truck Tax, the person filing will receive Free Fax and Email Notifications to let them know that the Schedule 1 is ready. Express Truck Tax also offers optional Text Message reminders as well. Once the IRS processes the Return, you will be notified so that you can print your stamped schedule 1. Express Truck Tax can also notify your contracting (leasing) company to let them know that your payment has been made.

When creating your Form 2290 online, Express Truck Tax will automatically create a Form 8849 for credits. There is also the option to upload an Excel Template for a multiple vehicle filing.  You can file for only 1 truck or up to 40,000 vehicles with our Enterprise Filing!  Express Truck Tax also offers flexible pricing plans to fit any fleet. Tax professionals and CPAs also receive custom discounted pricing to file for many of their clients.  

The customer service does not stop once the form is filed. Express Truck Tax also offers Free VIN corrections so that no one is penalized for a simple typo. There is also the ability to amend a previously filed Form 2290 through the service. For any questions about the service, Express Truck Tax offers unlimited, USA-based customer support via email, chat, and phone. Simply email support@ExpressTruckTax.com, call 704-234-6005, or go to ExpressTruckTax.com to live chat with the excellent customer support professionals.  

You can file your Form 2290 (HVUT) in just minutes via self-service, file by phone and full service, meaning you can register and file yourself, or have us take care of the filing. Either way, this easy-to-use software will save you time and money. Express2290.com was built by one of the most talented teams in the industry—no one has more experience in HVUT E-Filing!

Get started today at ExpressTruckTax.com. Email us at support@expressexcise.com or call 704-234-6005.

Express2290.com, Express8849.com, ExpressExcise.com, and ExpressExtension.com, are part of ExpressTaxZone.com line of tax products.