2290 form and schedule 1

Form 2290 known as paying Heavy Highway Vehicle Use Taxes due for highway motor vehicles running on USA highways with a taxable gross weight of 55,000 pounds or more. It can be reported as taxable where it runs more than 5000 miles in a tax year or can be reported as suspended when it runs less than 5000 miles in a tax year.

HVUT or Heavy Vehicle Use Tax, is a federal highway tax obligatory annually on trucks, truck tractors, and buses using public highways. When you file Form 2290 as the acceptance, the IRS will provide a Stamped Schedule 1 as proof of payment and can also be used to register the vehicle at the DMVor MVA.

2290 new form for July 2012 to June 2013

2290 filing options on Greentax2290.com for the year July 2012 to June 2013

We don't compromise when it comes to customer service. Our mission is to provide customers with simple, fast and accurate filing of form 2290 with quick release of accepted form 2290 schedule 1. You either do an online filing yourself or avail full service where we do the complete filing for you, but either way you get the best assistance from our tax expert support team available 24/7 to assist you.

These are the services that you can avail at Greentax2290.com

• GREEN Do It Yourself - The user friendly interface of our website provides easy navigation which truly is a one click filing process. Although the complete filing process has been kept very simple and is easy to understand, yet if you require assistance at any point, you can contact our support team which is available 24/7 to guide you. E file form 2290 in less than 10 minutes and get your form 2290 schedule 1 in moments.

• GREEN Full Service – Greentax2290.com's full service has been designed for those who have a hectic schedule and no time to e-file 2290 themselves or for those who have very large fleet. In that case, our trained and expert tax professionals take over and do the complete filing till the point of providing you with stamped schedule 1. All you have to do is fill up a simple excel sheet and send it back to us. Rest we take care. For any assistance, we have our 24/7 available support team to cater to your inquiries.

• GREEN 2290 Amendment - We provide you with the provision to e file form 2290 amended return and download schedule 1 in minutes. Form 2290 amendment must be e filed for the following reasons:

• 1. Gross Weight Exceeded
  If the gross weight of the heavy vehicle increased from previous reported form 2290, then the tax amendment form need to be e filed
• 2. Mileage Limit Exceeded
  If the vehicle was earlier reported as suspended (Mileage being less than 5000 or 7500 for agricultural vehicle) but soon onwards the mileage exceeded; hence an amended return needs to be e filed.

• GREEN Credit Request for Stolen/ Destroyed/Sold Vehicles - Greentax2290.com services also brings you the facility for credit claim on vehicles that are reported but have been sold, damaged or stolen during the remaining tax period. You can also claim credit on vehicles whose reported mileage is more than the actual mileage. Hence, we ensure that you are not at loss.

• GREEN Bulk Upload - For large fleet owners, there is no need to keep filing individual trucks. Rather you can make use of our bulk upload feature which allows you to mention your complete fleet in one single excel sheet. Thus, saving your time and effort.

ira 2290 form for July 2012 to June 2013.

IRS finally releases 2290 form for July 2012 to June 2013. 

What's New
Due date.  The due date of Form 2290 was temporarily changed for July, August, and September of the prior tax period. For all of the current tax period, the due date is restored to its customary date (the last day of the month following the month of first use).

Who Must File

You must file Form 2290 and Schedule 1 for the tax period beginning on July 1, 2012, and ending on June 30, 2013, if a taxable highway motor vehicle (defined below) is registered, or required to be registered, in your name under state, District of Columbia, Canadian, or Mexican law at the time of its first use during the period and the vehicle has a taxable gross weight of 55,000 pounds or more. See the examples under When To File, later.You may be an individual, limited liability company (LLC), corporation, partnership, or any other type of organization (including nonprofit, charitable, educational, etc.). Disregarded entities and qualified subchapter S subsid­iaries.  Qualified subchapter S subsidiaries (QSubs) and eligible single-owner disregarded entities are treated as separate entities for most excise tax and reporting purposes. QSubs and eligible single-owner disregarded entities must pay and report excise taxes, register for excise tax activities, and claim any refunds, credits, and payments under theentity's employer identification number (EIN). These actions cannot take place under the owner's taxpayer identification number (TIN). Some QSubs and disregarded entities may already have an EIN. However, if you are unsure, please call the IRS Business and Specialty Tax line at 1–800–829–4933. 

When To File

 Form 2290 must be filed for the month the taxable vehicle is first used on public highways during the current period. The current period begins July 1, 2012, and ends June 30,2013. Form 2290 must be filed by the last day of the month following the month of first use (as shown in the chart below)

All of Trucker A's vehicles are first used in the current period in July, 2012. Trucker A must file one Form 2290 on or before August 31, 2012. Trucker B first uses vehicles on the public highway in July and August. Trucker B must report the vehicle first used in July on the return normally due on August 31, 2012, and the vehicle first used in August on a separate return filed by September 30, 2012.

IF, in this period, the vehicle is first used during …	THEN, file Form 2290 and make your payment by…
July, 2012	August 31, 2012
August, 2012	September 30, 2012
September, 2012	October 31, 2012
October, 2012	November 30, 2012
November, 2012	December 31, 2012
December, 2012	January 31, 2013
January, 2013	February 28, 2013
February, 2013	March 31, 2013
March, 2013	April 30, 2013
April, 2013	May 31, 2013
May, 2013	June 30, 2013
June, 2013	July 31, 2013
File by this date regardless of when state registration for the vehicle is due. Note.  If any due date falls on a Saturday, Sunday, or legal holiday, file by the next business day.

IRS form 2290 for July 2012 to June 2013 will be due between July 1st to August 31st.

IRS form 2290 for July 2012 to June 2013 will be due between July 1st to August 31st.

Good News everyone.

No delay of 2290filing this year we are on the right track and regular time to file 2290.

2290 for 2012/2013 will be available in the first week of July ready to file and very quick to get schedule 1 stamped. There will not be 2290 TAX INCREASE AND NO FILING FEE INCREASE. Same procedure just login with you user name verify your previous years data and submit. Please make a note that form will be available on July 1^st 2012 to file and due date is August 31^st 2012. More questions 2290 please call us or contact us.

Not required to enter the business details again-----save your time.

Get the stamped schedule 1 in minutes.

Anyone who operates a truck or other vehicle categorized as a Heavy Highway Use Vehicle on public highways must complete Form 2290 (Heavy Highway Use Vehicle tax return) and pay excise tax. All truck owners can now file and pay electronically using e-file.

ez e-file is the best way to prepare and file your Form 2290 excise tax. ez e-file saves your time, paper and postage. You get your Schedule 1 almost immediately after we accept your return, and you can get your taxes done from your computer while you are on the road, any time of the day or night.

If you are reporting 25 or more trucks on a return, you must file electronically.

IRS update – HVUT Form 2290 for 2011-2012 to be released in early October.

Heavy vehicle use tax payers, buckle up as congress has passed and the president has signed an extension of the heavy vehicle use tax through September 30^th 2012. By November 30th, 2011, taxpayers will be required to file Form 2290 for the full year on vehicles first used in July, August or September 2011. Form 2290 will be available after September 30, 2011 and it is said to be released in early October.

Meanwhile if you still haven’t filed form 2290 for the previous tax year that is 2010, you can do so at greentax2290.com. Also although IRS e file is not currently open for the period beginning July 1 2011, however you can still e-file form 2290 in advance with greentax2290.com as greentax2290.com is the first IRS certified e file provider to be authorized to file form 2290 for 2011-2012. Not only that but e-filing in advance also helps save a lot of time.

Moreover, you can get your tags for the tax period beginning July 1, 2011. Existing regulations require states to register a heavy highway vehicle when the application for registration is received between July 1 and November 30, 2011. If you have your receipted Schedule 1 for the previous year's taxable period, in this case, July 1, 2010 through June 30, 2011, states can accept it as proof of payment.

Also States can register newly acquired heavy highway use vehicles without proof of tax payment if:

• you present the original or a photocopy of a bill of sale showing that the vehicle was purchased by the owner during the 150 days before the date the state received the application for registration; and,
• The vehicle has not been registered in any state subsequent to the data of purchase. 

TIPS ON FILING INCOME TAXES AND HVUT 2290 TAXES FOR TRUCKERS

Taxes are one thing in life that is certain and impossible to escape. Even if you do manage to escape paying taxes but sooner or later, government will catch you and you might be burdened with huge penalties or more crucially get imprisoned. But, we all do understand that filing taxes is tiresome and complicated from understanding the forms to doing complex calculations and etc. And above that as a trucker, it might get even more difficult because your obligation is towards the road and less on the forms and if you dedicate your time towards worrying over your income taxes and sorting it out, your work might get hindered. Also during the whole process, confusion is bound to happen, and in that confusion you may forget some small details or records which may be essential for your filing.

In that case, it’s important that you should be prepared beforehand and hence let’s focus on few tips on your income tax filing.

1.) First and foremost, keep details of your records for the entire year. Save all receipts which you incurred as business expenses such as meals, lodging, uniforms, laundry service and union dues. Also keep written records of mileage and gas used in a logbook.

2.)  Gather all W-2s and 1099-MISC forms, expense documentation, tax forms, instructions and Internal Revenue Service Publication 17. Enter all expenses on Schedule C to figure the net profit or loss for the tax year. Use the net profit figure on Form 1040 and Schedule SE. There are many IRS approved tax preparers who can help you out on your income taxes.

3.)  Use Schedule SE to compute the self-employment tax for income reported on Form 1099-MISC. Enter half of the self-employment tax, as a deduction, on Form 1040 line 27. Enter the total self-employment tax on Form 1040 line 56.

4.) Figure the total tax on page two of Form 1040. Determine if any credits may be claimed on this return and fill out the appropriate forms to calculate credit amounts. Add all credits and taxes paid to figure the total payments. If the total payments are greater than the total tax the taxpayer is entitled to a refund. Total tax that is greater than the total payments will result in a balance due.

5.) Check over the completed return to be sure there are no errors. Sign and date the completed tax return. File the return and all attachments with the IRS no later than April 15 or the due date decided by internal revenue service.

Moreover besides income taxes, the other kind of taxes which every trucker has to pay without fail is heavy vehicle use taxes. Heavy vehicle use taxes are taxes paid on vehicles which weigh 55000 pounds and above and travel 5000 miles and above (7500 miles for agricultural vehicles). If your vehicle travels less than 5000 miles, then still you have to fileform 2290 (Form used to file heavy vehicle use taxes) but under suspended vehicle where you will get schedule1 (HVUT proof of payment) but won’t be required to pay taxes. For that you can either approach IRS or take assistance from IRS certified e file providers such as greentax2290.com who will do your filing in the easiest and most convenient manner with complete security.

Although form 2290 2011-2012 has been delayed and its filing period has been extended to Nov 1 and IRS has not started accepting 2290 forms, but we would still recommend that you file your 2290 returns in advance because this will surely help save your time and make you stress free on your taxes. Once IRS begins accepting 2290 forms, we will forward your 2290 forms and provide your proof of payment. But this will only happen in the beginning of November, so kindly wait till IRS begins accepting your returns and issuing schedule 1.

Thus, all we would like to say is if you’re a business owner, trucker, contractor, fleet owner, then taxes are something which are part of your life and there is no way you can escape them till you are earning. Hence, a good citizen would always ensure to abide by the law and pay his taxes on time, in order to keep penalties away.

US House of representatives Approves Federal Aviation Administration Transportation Extension

Washington, DC – The U.S. House of Representatives today approved an extension to continue programs for the Federal Aviation Administration (FAA) as well as for federal highway, transit and highway safety programs.

H.R. 2887, introduced in the House by Transportation Committee Chairman John L. Mica (R-FL), Transportation Committee Ranking Member Nick J. Rahall (D-WV), Aviation Subcommittee Chairman Tom Petri (R-WI), Highways and Transit Subcommittee Chairman John J. Duncan, Jr. (R-TN), and Ways and Means Committee Chairman Dave Camp (R-MI), Ways and Means Ranking Member Sander Levin (D-MI), and Rep. John Lewis (D-GA), unanimously passed the House.

“While this legislation signifies a bipartisan, bicameral agreement to move forward, it must not be just a temporary band-aid for our important aviation, highway, rail and safety programs and for job creation,” Mica said. “To build our nation’s infrastructure and put people to work, we need long-term authorizations of these programs. Unfortunately, this bill is the 22nd FAA extension and the 8th surface transportation extension. Congress has delayed passing a long-term FAA bill for over four years, and a surface transportation bill for two years. This action represents a last chance to roll up our sleeves and get transportation projects in America moving again.”

“As we saw this summer with the unfortunate two-week partial shutdown of the FAA, until the Senate finally approved the House-passed extension, we cannot afford the chaos and inefficiencies of a shutdown let alone the job impact affecting both public and private sector workers,” said Petri. “We need full reauthorization bills because our nation’s infrastructure is the backbone of our economy and we must have a first class system to support economic growth and remain competitive in the world economy. But until we negotiate the full bills, we need these extensions.”

“I am hopeful this will be our last short-term extension and a comprehensive highway bill can be passed soon,” said Duncan. “By passing a long-term reauthorization bill, Americans will be able to see their tax dollars going towards rebuilding and strengthening our Nation’s highways, bridges, and transit systems. It will create millions of jobs for hard working Americans right here in the United States, not in China or India, and will leave a lasting legacy of tangible improvements to our transportation infrastructure.”
H.R. 2887 authorizes FAA programs through January 31, 2012 at current funding levels. The current extension authorizing FAA programs expires at the end of this week.

The legislation also authorizes federal highway, transit and highway safety programs through March 31, 2012 at current funding levels. The current extension authorizing highway, transit and highway safety programs expire near September 30^th 2011.

Greentax2290.com is an IRS authorized e file provider to file tax form 2290 online. Heavy vehicle use tax filing for year 2011 will soon begin in November. Meanwhile you can file form 2290 with greentax2290.com in advance and once IRS begins accepting in November, we will transmit your returns and provide you schedule 1. This will not only save your time but also relieve you from the stress of waiting.