August 28, 2017
Every trucker, drivers or the owners of the trucking industry files the Heavy Vehicle Use Tax (HVUT) annually by 31st August if they own a heavy weight vehicle with the gross weight of 55,000 or more and uses the public highway for transportation. The filed tax amount is used for the maintenance of those highways. The current tax period for the IRS 2290 Form starts from 1st July 2017 and ends on 30th June 2018. The 2290...
August 11, 2017
As a trucker, we are aware more about the Form 2290. In order to talk about the Third Party Designee, let us throw some light on the form first. If you have a vehicle that weighs about 55,000 pounds or more and uses public transport, then you need to file the Form 2290 on or before the 2290 due date. Other than that, if there is a suspended or logging vehicle than the form 2290 needs to...
August 7, 2017
Every trucker and the trucking industry who owns a heavy vehicle with a gross weight of 55,000 pounds must file the Heavy Vehicle Use Tax (HVUT) to use the public highway for transportation. The 2290 filing must be done before August 31stdeadline and must receive the stamped Schedule 1 to stay on road. We know that the trucking industry is one of the best industries in the United States and has much impact on the economy of the nation....
June 3, 2017
As a busy trucker, you are always on the move and completely engaged with trucks and roads. In between your schedule just pause a second to think whether you have filed your Heavy Vehicle Use Tax (HVUT) Form 2290 is vital for any trucker or owner of a heavy vehicle whose gross weight is about 55,000 pounds and uses the public highway for transportation. IRS Form 2290 season is up and remember to file them before the due...
June 1, 2017
Time runs fast and we just need to cope up with it. Relaxing after the current tax year 2016-17? Why not think about 2017 – 2018 tax year? Are you thinking it is too early? No, not at all. In order to stay ahead, it is wise to pre-plan our activities. So why not prepare ourselves for 2017 – 2018 tax years, as IRS offers you with a pre-filing option for HVUT form 2290? Pre-File HVUT Form...
May 25, 2017
Even though we are an expert in your field, when it comes to filing Heavy Vehicle Use Tax (HVUT) Form 2290 we tend to make mistakes. So let us check out those repeated and common Form 2290 E-filing mistakes, in order to avoid them in this tax season. Common Mistakes to Avoid in HVUT E-Filing Incorrect EIN or VIN: While filing Form 2290, Employee Identification Number (EIN) and Vehicle Identification Number (VIN) are vital. Make sure that you...
May 23, 2017
When taxes are introduced, the paper filing was implied to report them initially. But paper filing required a lot of time and effort to complete the procedure. Later the traditional paper filing is replaced bye-filing of Form 2290. And now to move ahead, pre-filing Form 2290, otherwise referred as Heavy Vehicle Use Tax has been introduced in order to reduce the burden of taxpayers. This pre-filling of Heavy Vehicle use tax is high benefits the truckers who were...
May 10, 2017
IRS 2290 Form or Heavy Vehicle Use Tax (HVUT) must be filed by the heavy vehicle owners whose vehicle’s gross weight is 55,000 or more and uses the highway for transportation. By E-filing 2290 form, the truckers receive Stamped Schedule 1 which serves as a proof of compliance with HVUT and proof of payment. This also aids the truckers to renew their tags, renew the vehicle’s registration for IFTRA or USR. At the time of audits, Schedule 1 serves as a proof of...
April 18, 2016
The companies that make the effective use of heavy vehicles like trucks are required to report an IRS Form 2290. This is the heavy vehicle use tax or HVUT form which needs to be filed once in a year for automobiles that weigh more than 55,000 pounds. The taxable weight can easily be determined by tallying the unloaded and the loaded weight of the vehicle and its trailer. It is very important to file the HVUT or...
January 17, 2016
The HVUT or the Heavy Vehicle Use Tax is an important tax that truck drivers and truck owners need to file every year. However, the main problem lies in the fact that filing form 2290 can be a great burden. This goes especially when you have to stand in the queue and go through the entire procedure. Filing form IRS 2290 can be a great problem for owners of trucking companies. This is because these owners need...
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