IRS Form 2290, Schedule 1 copy in minutes. Yes!!!

Schedule 1 copy in minutes:

Heavy Vehicle Use Tax [HVUT] Form 2290 has to be used to report heavy truck tax to the IRS. When reporting tax on a highway motor vehicle using Form 2290, the IRS stamped Schedule-1 copy will be issued as proof for the payment.

By e-filing your IRS Form 2290, you can get your IRS stamped Schedule 1 copy in minutes. Maximum on the same day of filing, this may be case if IRS receives huge volume of returns for processing. Normally it won’t happen; you’ll be getting your IRS stamped Schedule 1 copy in 60 minutes Continue reading →

How to report a 2290 Amendments online?

When reporting an original Form 2290, Heavy Motor Truck Tax with IRS for the tax year, you would have changed some information like VIN, Gross Weight, Mileage Limit then IRS wants you to file amendments to the originally filed form 2290. There are three types of amendments available for form 2290

 

  • Suspended/Exempt Vehicles exceeding the mileage use limit
  • Additional Tax From Increase in Taxable Gross Weight
  • VIN Correction

For a vehicle that will be used within 5,000 miles or less (7,500 miles or less for agricultural vehicles) during the period, it can be reported as a suspended/exempt vehicle from tax liability. Continue reading →

What is Taxable Gross Weight?

Form 2290, Heavy Vehicle Use Tax has to be reported for a vehicle weight 55,000 lbs or more. Depending on the Gross Weight the category of a vehicle will changes.

Taxable Gross Weight:

The taxable gross weight of a vehicle (other than a bus) is the total of:

  • The actual unloaded weight of the vehicle fully equipped for service,
  • The actual unloaded weight of any trailers or semitrailers fully equipped for service customarily used in combination with the vehicle, and
  • The weight of the maximum load customarily carried on the vehicle and on any trailers or semitrailers customarily used in combination with the vehicle.

Actual unloaded weight of a vehicle is the empty (tare) weight of the vehicle.

A trailer or semitrailer is treated as customarily used in connection with a vehicle if the vehicle is equipped to tow the trailer or semitrailer.

Continue reading →

What is Vehicle Identification Number (VIN)?

Form 2290, Heavy Vehicle Use Tax has to be reported for a vehicle weight 55,000 lbs or more. each vehicle is identified by a vehicle number.

The VIN of your vehicle can be obtained from the registration, title, or actual vehicle. Generally, the VIN is 17 characters made up of numbers and letters. Be sure to use the VIN for the vehicle and not from the trailer.

The Vehicle Identification Number will not contain the alphabets “I”, “O” “Q” for some administrative reason, please ignore using the same. Cross check if you find these alphabets, you might have read wrong.

The VIN is very important to report your Form 2290 taxes with IRS. Every vehicle is identified by the VIN.

By mistake if a have reported a wrong VIN in the original Form 2290 then you are suppose to fix it by filing an 2290 amendment for VIN correction. Yes, it can be now filed electronically [e-file]. We offer this service for the 2290 users. Apart from reporting VIN correction, you have the option to report increase in gross weight from original 2290 reporting and increase in mileage limit from original Form 2290 reporting.

Vehicle used less than the mileage use limit. If the tax has been paid for a period on a vehicle that is used 5,000 miles or less (7,500 miles or less for agricultural vehicles), the person who paid the tax may make a claim for the credit.

We at www.Tax2290.com made the Form 2290 e-filing experience a hazel free one. It is as easy as 1-2-3!!!

Try for Free today and pay only when you e-file/print. No up front charges like other efile providers.

 

Getting started for July 2011- June 2012, IRS Form 2290 tax season!!!

IRS Tax Form 2290 is used to report Highway Heavy Vehicle Use Tax. A vehicle which weight 55,000 lbs or more are termed as Heavy Vehicle. It can either be a Commercial Vehicle, Agriculture Vehicle or Logging Vehicle. A vehicle estimated to travel a mileage of more than 5000 miles [7500 miles for Agriculture Vehicle] has to report Form 2290 taxes to IRS. Now IRS Form 2290 can be reported electronically by using a computer at work/home, no need to look for a CPA / Accountant to file your simple tax returns. Efiling is made easy and simple at http://www.Tax2290.com or http://www.TaxExcise.com Continue reading →