Although it is many things, HVUT is first and foremost, an acronym standing for Heavy Vehicle Use Tax. This federal highway use tax is to be paid annually to the federal Internal Revenue Service (IRS) on vehicles that operate on public highways that also have a gross weight of 55,000 pounds or more. The federal government then distributes this revenue back to the state departments for highway construction and maintenance projects.
All carriers are required to send the proof of payment of the HVUT to the Department of Motor Vehicles (DMV) along with their registration renewal in order to successfully register their Heavy Vehicle. Proof of this can be either a copy of a received Schedule 1 (from IRS form 2290) with a copy of the electronic receipt of Schedule 1 showing the dated e-file watermark, or a copy of the IRS form 2290 with a copy of the electronic IRS payment confirmation screen.
To clarify, the IRS Form 2290 is the official form that trucking companies and owner operators have to file to correctly pay their Heavy Vehicle Use Tax. The Schedule 1 is a part of that form. The easiest way to file this form is through an IRS Authorized E-File provider like Express Truck Tax. ExpressTruckTax.com makes this process incredibly simple so that filing this form only takes a few minutes.
For vehicles that are exempt from the heavy vehicle use tax payment by the IRS, a statement of exemption must be submitted by the carrier with their registration renewal. These vehicles are commonly referred to as “Credit Vehicles.” A carrier must send a copy of the IRS form 2290 showing their request for suspension from the HVUT payment with their registration renewal for vehicles that qualify for suspension. These vehicles can also be filed online from Express Truck Tax.
The relatively recent ability to file these taxes online also makes it possible to file VIN corrections online as well. It is understandable that some mistakes may be made on tax returns from time to time. Express Truck Tax understands this, and that is why they were the first to introduce Free VIN Corrections as part of their basic service. This should help to give peace of mind to anyone filing their tax return online. Since the Vehicle Identification Number (VIN) is a complicated combination of letters and numbers, it is one of the easiest places to make a mistake on the Form 2290.
The best part about filing Form 2290 with Express Truck Tax is that they offer a terrific customer support team to assist with any questions people may have. They are available Monday through Friday from 9:00 AM until 6:00 PM EST at (704)234-6005 or anytime by email at support@ExpressTruckTax.com
If you owe taxes for filing your IRS Form 2290 through ExpressTruckTax.com there are several payment methods currently accepted by the IRS. These include: Electronic Funds Withdrawal, EFTPS, or Check or Money Order
If You choose to pay by Electronic Funds Withdrawal, you may pay using either a checking or Savings Account. You will need to enter the US Bank Account Number and Routing Number in order for the IRS to process the payment. This information is typically listed on a check.
EFTPS, or Electronic Federal Tax Payment System, is a government website that allows taxpayers to schedule Federal Tax Payments electronically. In order to make payments using EFTPS.gov you must complete the EFTPS registration process, which can take 5-7 business days.
Lastly, you may pay by mailing a check or money order to the IRS. If mailing your payment, you must include the 2290V, or payment voucher, with your payment. You may download a completed 2290V, including mailing instructions, directly from your ExpressTruckTax account.
You may be surprised to know that you can actually E-File an IRS Form 2290 to claim a credit for your Heavy Vehicles in some specific scenarios. If a vehicle falls into this particular category, it is referred to as a “Credit Vehicle.” ExpressTruckTax.com allows you to E-File an IRS Form 2290 for these credit vehicles through its tax program.
Heavy Highway Motor Vehicles that were stolen, destroyed, or sold before June 1st and were not used during the rest of the year qualify as a credit vehicle. A heavy vehicle also qualifies as a credit vehicle if it was used for 5,000 miles or less, or 7,500 miles or less if it was used for agricultural use. It is important to also note that a credit, lower tax rate, exemption, or refund is not allowed for an occasional light or decreased load; nor is it allowed for a changed use of the vehicle, or if the vehicle was discontinued.
While the rules that apply to credit vehicles may be confusing and complicated, ExpressTruckTax.com helps make this process simple. The filing process only takes a few minutes. If you need any help, their dedicated customer support team can help walk you through the process.
Express Truck Tax continues to be an Industry Leader in Innovation and New Technologies.
In preparation for the upcoming 2011 - 2012 tax period, Express Truck Tax has announced the simplest, most secure, and most economical way to file IRS Form 2290 (Heavy Vehicle Use Tax).
Since the introduction of E-Filing Form 2290 in 2007, taxpayers with 25 or more reportable heavy vehicles have been required to electronically file with the IRS. This primarily includes larger trucking companies. Unlike most HVUT E-File providers who have historically targeted only large trucking companies, Express Truck Taxspecializes in serving owner operators and small trucking companies.
These owner operators and small trucking companies benefit from the most affordable pricing in the industry. The US-based company, Express Truck Tax, allows users to file an IRS Form 2290 for as little as $9.90; the industry average for this service consistently averages about $30 for a single vehicle filing.
Express Truck Tax also uses the most practical and understandable language throughout the filing process. Instead of using an enormous form with confusing tax jargon, each part has been broken down into easy to understand sections. There are even help videos and text on each page to guide the user through the process. There is also free phone and chat support, as well as 24/7 email support for any questions along the way.
The simplification of this process has caused a surge in small trucking companies across North America to begin E-Filing their Form 2290 with Express Truck Tax. "We knew we had a good idea," said Charles Hardy, Communications Director with Express Truck Tax, "but we never expected this kind of response. [The response] has been fantastic."
Last month, Express Truck Tax became the first authorized HVUT E-File provider to offer complete service and support in Spanish. In addition to integrating the Spanish-language option into their current E-filing system (http://www.ExpressTruckTax.com), ExpressTruckTax has also released a new website (http://www.Forma2290.com) exclusively for Spanish speaking taxpayers who need to file HVUT returns. “In previous years, the Hispanic trucking community has generally been under-served,” said Moises Mejia, Director of Spanish Services with ExpressTruckTax. “While HVUT E-filing has been available since 2007, no provider has ever offered those services in Spanish - until now."
James Harris, Director of Tax Products with Express Truck Tax, also commented on the significance of the Hispanic trucking community: "Reports show that one in seven long haul drivers speak Spanish as their primary language, and that number is expected to rise." To support the additional Spanish-speaking taxpayers, Express Truck Tax has added more staff to their support center in Rock Hill, South Carolina. All support functions, including phone, email, and live chat support, will be available in both English and Spanish.
These are just a few examples of how Express Truck Tax has been an industry leader when it comes to innovation and new technology within this industry. There have been many other accomplishments that could also be mentioned here, such as the fact that Express Truck Tax was also the first to introduce Free VIN corrections, and also the ability to directly email the Schedule 1 to the leasing company.
Express Truck Tax also offers many other useful features for those in the trucking industry such as the ability to download a copy of the E-Filed 2290, Schedule 1 Form, and payment vouchers. Preparing IFTA returns can also be done online with Express Truck Tax. State IFTA returns can be automatically generated online with some useful features such as free online trip sheets, an abnormal MPG audit, and a state adjacency check to help boost information accuracy and avoid an audit. James Harris, Director of Tax Products with Express Truck Tax, is looking forward to the new tax period with much anticipation: "We at Express Truck Tax would like to wish all those in the trucking industry a safe and prosperous year. We look forward to working with so many great individuals again during this tax period."
When it comes to E-Filing your IRS Form 2290 through an authorized E-File provider such as ExpressTruckTax.com, there are several different payment options. Taxpayers can pay by Electronic Funds Withdrawal, EFTPS, Check, or Money Order. The options to pay by check or money order may be easier to understand, but the options for Electronic Funds Withdrawal and EFTPS may need an additional explanation.
If you elect to pay by Electronic Funds Withdrawal, you can use either a checking or savings account. You will need to enter the US Bank Account Number and Routing Number in order for the IRS to Process the payment. This information is typically listed on a check.
EFTPS is short for Electronic Federal Tax Tayment System. It is a government program that allows you to schedule Federal Tax Payments electronically. If you select to pay by this option, you are acknowledging that it is your responsibility to send the tax payment to the IRS through the EFTPS.gov website.
