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How Does Form 8849 Effect My 2290 Form?

Cool! Form 2290 tax season is started with Heavy Vehicle Use Tax (HVUT), everyone has a lot of confusions and questions in their mind. While e-filing your Form 2290 you will get the notification about Form 8849, but what is that? No idea about why 8849 is coming in 2290 Form filling, don’t worry today I’m going to explain about the 8849 confusions.

Form 8849 is used to Claim a Refund of Excise Taxes Form. Excise taxes are taxes paid on goods or purchases are made specific goods such as gasoline and often inserted in the price of the product. Attach Schedules 1,2,3,5 and 8 other than Schedule 6 to claim fuel related refunds like nontaxable uses of fuels. For the claims that are not reportable under Schedules 1,2,3,5 and 8 can attach Schedule 6, including refunds for federal excise taxes reported on Form 2290 (Heavy Highway Vehicle Use Tax Return).

How Does Form 8849 Effect My 2290 Form

How Form 8849 Affects 2290 Online?

There are a number of reasons why a tax payer must file Form 8849. The most common reasons to pick 8849 Form is when the vehicle is sold; stolen, destroyed; mileage has not exceeded the limit, over paid or mistakenly filed. In that case, the taxpayer can include Form 8849 request on the same Form 2290 tax return. Then the credit will be applied towards the new vehicle thus saving the time and money.

It is not mandatory to file 8849 with IRS 2290 Form always. For instance, when your vehicle did not exceed 5,000 mileage limits which are the minimum requirement during the tax period. In that case, you are eligible to mail credit refund.

Recently a new option was added which is Over Payment or mistakenly filed Form. This could be helpful when the tax payer has filed a Form 2290 for a truck, then bought a new truck during the tax period. Here when the tax payer mistakenly added the first truck, while filing IRS 2290 Form for the new truck. Here the IRS system will not find that there duplicate Forms and the tax payer will end up paying twice for one vehicle. In that scenario, the tax payer can file 8849 Form to request the money back.

Keep it remember! After the filing of Heavy Vehicle Use Tax  (HVUT) 2290 Form only worth the IRS for respective tax year then only you can able to file Form 8849 with IRS.  

If you are ready to file Form 8849, the name and address need to match with the IRS saved file.  You can call and know your information via IRS directly at 1-800-829-1040.  

If you had filed 2290 Form, you should have EIN number. For filing excise tax returns you need EIN number to complete your tax return with IRS. If you don’t have Employee Identification Number (EIN), apply EIN online and it will take 15 days to get an active e-filing system.

Other Information about Filing Form 8849

1.   The tax payer can claim his/ her credit for the tax paid on the next Form 2290 which is filed in the same or next tax year.

2.   The tax payer also can claim a refund of the tax paid on Form 8849, Schedule 6. The amount depends on the type of the claim whether the vehicle was sold, stolen or destroyed.

3.   When the tax payer had paid the tax already on a vehicle which was used less than 5,000 miles, then tax payer can claim a credit on the first Form 2290 which they file for the upcoming tax year. The claim or credit for this refund cannot be filed until next tax year.

4.   In order to apply for a credit for the current tax year, fill line 5 and follow the 2290 instructions and file your return.

5.   In general, a claim should be filed before 3 years of filing the returns to which the claim relates. In another case, 2 years from when the tax is reported on that return was paid, whichever is later?

6.   If the tax payer does not file a return within 2 years of the date, then the tax payer overpay the tax actually.

For other instructions related to Form 8849, you can visit our customer support team through support@tax2efile.com or call us at 703.229.0326, where your queries are answered on time. 

By admin

1 Comment

  1. Reply

    Jacob Parkinson

    Very nice article thanks for clarifying the confusion about Form 2290 and Form 8849.
    I have e-Filed my HVUT at http://www.eform2290.com, This is the best website and most simple procedure and a very quick response from customer support people

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