How does filing 2290 Form online is easy?
Register to e-file Form 2290
Signup for free with form2290filing.com. Or login to the existing account and continue where you have stopped. A single e-file account helps you to file a number of submissions. No hidden charges! Pay only when you submit 2290 returns.
File 2290 returns electronically
E-file Form 2290 HVUT within minutes with an IRS-certified e-file provider. We provide an intuitive, safe and secure way to submit the 2290 Forms to the IRS with a single step.
Print 2290 Schedule 1
Receive 2290 Schedule 1 copy after the IRS accepting 2290 tax return. Or else download the IRS Watermarked 2290 Schedule 1 copy anywhere, at any time by login into the e-file account.
Why Form 2290 filing is the leading 2290 e-file provider?
Form 2290 filing provides simple, quick, and efficient filing methods. Re-transmit rejected 2290 returns instantly, correct VIN within few minutes, and receive corrected Form 2290 Schedule 1. Avoid errors when filing tax returns with us. Get instant notification when the IRS accepts your 2290 returns.
How to get started to e-file Form 2290 with Form2290filing.com?
Form2290filing.com made it easier for the trucker to focus on trucking rather than tax reporting. We work on simplifying tax reporting on your behalf to the IRS. Become one of us with single signup on our website. Start for free and pay only when you submit a 2290 tax return to the IRS. No hidden charges are applied. Returning users can simply hit sign-in to start from where they left. Receive the IRS watermarked Schedule 1 in less than a minute.
What are the features to file 2290 online?
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Submit 2290 returns than paper filing and receive back watermarked Schedule 1 proof immediately.
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Available 24*7 to work with 2290 tax preparations from anywhere.
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E-filing features enable you to keep a track of preparing an accurate tax return, return status, and printing 2290 Schedule 1.
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Instant text alerts help the trucker to download the copy of Schedule 1 through fax or print.
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Uploading a bulk amount of vehicle information is simplified with a bulk upload template.
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With timely reminders, submit the 2290 tax returns on time to reduce the penalty risks.
When do you e-file Form 2290?
IRS Form 2290 reports Federal Excise Tax which is paid by the owners of the taxable vehicles which use public highways for transportation. It must be filed every calendar year between July 1st of the current year to June 30th of the following year. In general, the Individual who operates a business using taxable vehicles like trucks, tractors, etc weighing 55,000 pounds must file 2290 returns. Furthermore, when a taxable vehicle travels more than 5,000 miles on a public road in a fiscal year required to registered using IRS Form 2290.
As we know, e-filing has brought a drastic change in the trucking industry. E-filing system software automatically calculates the taxes you owe for a calendar year by considering FUM, and the taxable gross weight of the vehicle. Moreover, every individual who is reporting more than 25 vehicles for a tax period is required to “E-file Form 2290”. The IRS recommends the trucker choose online filing tax returns when reporting single-vehicle information. Finally, e-filing HVUT returns are submitted to the IRS annually by August 31st every year. Suppose, if you are reporting a newly purchased vehicle information, then you need to e-file 2290 Form by the last day of the following month of purchase.
How to claim the credit using Form 8849?
Generally, an individual can use Form 8849 to claim a “Refund of Excise Tax”. IRS Form 8849 used to claim a credit against the vehicles whose HVUT was paid in the prior year. Mostly the truckers use Form 8849:
- To claim refund against theft or destroyed vehicles.
- When the taxable vehicle falls under the suspended category.
- If you are selling the vehicle after paying 2290 tax.
- When the agricultural vehicle travels less than 7,000 miles in a tax year.
The truckers can claim the credit by filing “Form 8849” either electronically or through paper forms. They are required to provide name, EIN, total refund, earliest and latest dates, detailed tax refund information with an explanation. As we know earlier, the paper filing 8849 Form takes nearly 2-4 weeks to process the refunds. So, e-filing consumes less time and the trucker will receive “Schedule 6” within minutes. The IRS processes refunds quickly by e-filing “Form 8849” compared to paper filing tax returns.
Example of filing Form 2290 and Form 8849 together
The following scenario will help you to understand when a trucker is required to file Form 2290 and 8849 together online:
Smith is filing Form 2290 for nearly 3 vehicles with a taxable gross weight of 75,000 pounds. But in the prior year, one of the taxable vehicles was suddenly destroyed in the month of September whose HVUT was already paid. By e-filing, the trucker can claim the credit of the prior year’s HVUT when paying 2290 tax for the current year. Smith is required to provide information about 3 taxable vehicles and 1 credit vehicle when e-filing Form 2290. The e-filing system software automatically calculates the tax amount and the credit amount. It deducts the credit amount directly and provides the final tax amount that smith owes to the IRS. With this, smith claims credit for previously paid truck tax and files Form 2290 for the current tax period.
