IRS HAS STOPPED MAILING FORM 2290

Electronic filing of excise forms is easier, convenient and very quick and even IRS encourages it. Also to promote the electronic filing further, IRS has announced that it will stop mailing out tax forms coming next year, so that more and more people are pulled towards e filing rather than paper filing.

Electronic filing is one of the best ways to file heavy vehicle use tax form 2290. It is much simpler and fast to e file IRS form 2290 than using paper filing. You can use the services of greentax2290.com to e file 2290. The website’s friendly navigation process allows fleet owners and tax professionals to file HVUT form 2290 electronically in a smart, quick and secure way.

Few prominent reasons why Greentax2290 is top e file provider are:

—    Quick, simple and time saving – If you want to spend energy standing in long queues, waiting for your schedule 1 to come in mail and go through complex calculations, then opt for paper filing. But, if you want to be done with your form 2290 filing process in few minutes with no calculation botheration, no wasting time and energy and also get your  2290 schedule 1 within moments and that too for the price of $9.77, then you should definitely go for greentax2290.com

—    Secure and safe – Greentax2290 is an authorized IRS e-file provider, which means they have been officially approved to electronically submit data directly to the IRS. For this, green2290 has to continually pass security and privacy tests by the IRS. Security measures adopted are 128 bit encrypted SSL (secured socket layer) for all communication between you, greentax2290 and the IRS. Hence, you can file 2290 online on their website with a secured mind.

—    Schedule 1 within minutes – If you paper file form 2290, it takes 7-10 days to receive confirmation and your IRS accepted schedule 1. But it’s not the same with Greentax2290.com. If you e file 2290 with them, you will get immediate confirmation and also schedule 1 within minutes and that too at the best price in industry of only $9.77

—    Environment Protection – Every year more than 46 million people paper file their returns, leading to destruction of vast number of trees. In other words, Paper filing causes environment degeneration, while on the other hand e-filing causes environment regeneration. Now it’s upon the filers what they prefer.

—    Accurate tax calculations – preparing your tax return on paper means you have to do the calculations yourself, which may result in errors and inaccuracy. But if you opt for Greentax2290.com, you are saved from doing complex calculations as the greentax2290 tax software does all the calculations for you, double checks for errors and make sure your tax information in accurate.

—    Top customer support service – Not all providers focus on providing live support to customers but for greentax2290, customer support is their utmost priority. Though they have designed their system in a very efficient and user friendly way, yet if filers at any point feel the need for further assistance, they can always live chat or even call Greentax2290 tax pro team for fast and responsive service.

Greentax2290.com provides it’s filers with several special features to make their filing process a joyous experience.

Why you should maintain proper records for heavy vehicle use tax – IRS form 2290

Keeping proper records of your filed tax information is a good business practice. Be it any kind of tax related return; form 1040, 1099 misc, form 8849 or form 2290. Let’s focus on the importance of maintaining record for highway heavy vehicle use tax IRS form 2290.

It is essential that form 2290 filer maintains record for minimum 3 years for taxable highway vehicle registered in his name from the date the tax is due or paid. If you are a fleet owner who has filed form 2290 then always remember to keep the 2290 records handy as one never knows when IRS inspection may take place. Also keep copies of all previous returns and schedules you have filed and above all, even if the taxable vehicle is registered in your name for only a fraction of period, still you should maintain records for that as well. IRS expects you to keep each and every information of form 2290 filed by you. Now, the above information was mainly if you had taxable vehicle registered in your name. But what if you have a suspended vehicle in your name and have filed for that?

In that case let us consider the scenario where you have filed for a suspended vehicle. If the tax is suspended on a highway motor vehicle for a period because its use on public highways during the period did not exceed 5,000 miles (7,500 miles for agricultural vehicles), then in such situation you as a filer for form 2290 must keep the records for a minimum of at least 3 years after the end of the period to which the suspension applies.

Wondering what all information needs to be maintained for proper record keeping. Below is the answer to your question:

—    A detailed description of the vehicle, including the VIN.

—    The gross weight of loads carried by the vehicle in the same form as required by any state in which the vehicle is registered or required to be registered.

—    The date you acquired the vehicle and the name and address of the person from whom you acquired it.

—    The first month of each period in which the taxable usage of the vehicle occurred and any previous month in which the vehicle was used in the period while registered in your name, with proof that the earlier vehicle’s use was not a taxable use.

—    The date the vehicle was sold or transferred and the name and address of the purchaser or transferee. If it was not sold, the records must show how and when you disposed the vehicle.

—    If the tax is suspended for a vehicle, keep a record of actual highway mileage. For an agricultural vehicle, keep accurate records of the number of miles it is driven on a farm/field. 

Keeping proper records of your 2290 information will save you from any future audits or civil and criminal penalties and keep you stress free. Greentax2290.com is an IRS authorized e file provider who not only assists you in completing your e filing of form 2290 on time but also maintains your previous filed records and furnishes and provides them to you as and when you require, absolutely free. For more information on 2290 filing process, heavy vehicle use tax, IRS payment methods and etc visit greentax2290 website.

Steps to take to efile tax form 2290 online for year 2011-2012

The article is written based on the document containing final and temporary regulations that provide guidance on the filing of Form 2290 (Heavy Highway Vehicle Use Tax Return) and payment of the associated highway use tax for the taxable period beginning July 1, 2011. The regulations affect owners and operators of highway motor vehicles with a taxable gross weight of 55,000 pounds or more.

Background on Heavy vehicle use tax form 2290

This document amends the Highway Use Tax Regulations (26 CFR Part 41) under section 4481 of the Internal Revenue Code (Code). Section 4481 imposes a tax on the use in any taxable period of a highway motor vehicle with a taxable gross weight of 55,000 pounds or more. The person in whose name the vehicle is registered at the time of the first use must pay the tax. The rate of tax is based on the weight of the vehicle with a maximum of $550 per vehicle per taxable period (the standard amount). Generally, a ‘‘taxable period'' is the year that begins on July 1 and ends on the following June 30. For the taxable period beginning on July 1, 2011, however, section 4482(c)(4) of present law provides that the taxable period ends at the close of September 30, 2011. For this three month period, the tax rate is a reduced amount that is 25 percent of the tax rate for a 12-month period. Section 41.6011(a)–1(a)(1) requires each person that is liable for the tax imposed by section 4481 to file a return for each taxable period and section 41.6011(a)–1(b) provides that the return is in Form 2290, (Heavy Highway Vehicle Use Tax Return). The due date for filing Form 2290 is not prescribed by statute and section 6071 provides that when the Code does not set the time for filing a return, the Secretary is to prescribe such time by regulations.

Under section 41.6071(a)–1(a), Form 2290 generally must be filed by the last day of the month following the month in which a person becomes liable for tax. For most taxpayers, their first use of a vehicle in a taxable period occurs in July and thus their return is due by August 31. Section 41.6001–2(b) provides, that a State that receives an application to register a highway motor vehicle must receive from the applicant ‘‘proof of payment'' of the tax imposed by section 4481(a). Section 41.6001–2(c) specifies that this proof of payment generally consists of a receipted Schedule 1 (Form 2290) that is returned by the IRS to a taxpayer that files tax form 2290 and pays the amount of tax due with the return.

The taxpayer generally must present proof of payment for the taxable period that includes the date on which the application for registration is filed, but in the case of an application filed in July, August, or September proof of payment for the preceding taxable period that is 2010-2011 may be used. The tax imposed under section 4481 will expire on September 30, 2011, unless Congress changes the law. Under existing regulations, the person liable for the highway use tax must file a Form 2290 by the last day of the month following the month in which the person becomes liable for the tax. Therefore, under current statutory and regulatory provisions, the person liable for the tax will be required to file a Form 2290 for taxable use during the period of July 1, 2011, through September 30, 2011 (the ‘‘2011 short taxable period''). Further, if Congress extends the tax past September 30, 2011, a person who filed Form 2290 for the 2011 short taxable period would have to file a second Form 2290 covering the period after September 30, 2011, through the earlier of the expiration date of the extension or June 30, 2012.

Extension of heavy vehicle use tax form 2290 due date - Explanation of Provisions
For purposes of efficient tax administration and alleviating taxpayers' potential administrative burden, the temporary regulations postpone the due date of Form 2290 for the 2011 short taxable period until November 30, 2011. If Congress does not extend the tax past September 30, 2011, taxpayers will file one Form 2290 and will pay the reduced amount for the 2011 short taxable period by November 30; if Congress does extend the tax past September 30, 2011, and substitutes a longer taxable period for the 2011 short taxable period, taxpayers who become liable for the highway use tax after June 30, 2011, and before November 1, 2011, also will file Form 2290 for the period July 1, 2011—June 30, 2012 (or the end of the new taxable period, if earlier), by November 30, 2011. In either case, most taxpayers will have to file only one return for the taxable period beginning July 1, 2011. But for the change made by the temporary regulations, most taxpayers would have to file two returns if Congress extends the tax past September 30.

Further, the temporary regulations suggest that taxpayers should file a Form 2290 no earlier than November 1, 2011, for taxable use during the 2011 short taxable period. The IRS will not provide a receipted Schedule 1 for a return and accept associated payment for the taxable period beginning July 1, 2011, before November 1, 2011.

Proof of payment for State registration purposes (temporary)

Special rule for registration after June 30, 2011, and before December 1, 2011.

Between July 1, 2011, and November 30, 2011, a State must register a highway motor vehicle without proof of payment if the person registering the vehicle presents the original or a photocopy of a bill of sale (or other document evidencing transfer) indicating that the vehicle was purchased by the owner either as a new or used vehicle during the preceding 150 days before the date that the State receives the application for registration of the vehicle, and the vehicle has not been registered in any state subsequent to such date of purchase.

Special rule for registration after June 30, 2011, and before December 1, 2011.

In the case of a highway motor vehicle subject to tax under section 4481(a) for which a State receives an application for registration during the months of July, August, September, October, or November of 2011, a State shall accept 2290 schedule 1 for the taxable period of July 1, 2010, through June 30, 2011 as proof of payment, to verify payment of the tax imposed by section 4481(a).

Substitute proof of payment for the taxable period beginning July 1, 2011.

In the case of a highway motor vehicle for which a State receives an application for registration during the period of July 1, 2011, through November 30, 2011, a State shall accept as a substitute for proof of payment, 2290 schedule 1 for the taxable period of July 1, 2010, through June 30, 2011.

Time for filing returns (temporary).

Special rule for highway motor vehicles for which a taxable use occurs during the period July 1, 2011, through September 30, 2011 - Date for filing returns.

In the case of a highway motor vehicle for which a taxable use occurs during the period July 1, 2011, through September 30, 2011, the person liable for the tax must file a return described in section 41.6011(a)–1 no later than November 30, 2011. The return should be filed no earlier than November 1, 2011. If the return is filed and payment is submitted before November 1, 2011, the IRS will not provide a receipted Schedule 1 (Form 2290, ''Heavy Highway Vehicle Use Tax Return'') as proof of payment until after November 1, 2011, and will provide such receipted Schedule 1 only if the full amount of the tax for the 2011 taxable period (determined under the law in effect as of November 1, 2011) has been paid.

Fleet owners, contractors or individuals who need to get 2290 schedule 1 for previous tax years can contact IRS or file form 2290 online through an IRS authorized e file provider such as greentax2290.com. For more information on heavy vehicle use tax, you can call greentax2290.com at 800-578-2290 or email at wecare@greentax2290.com

IRS gives three month extension to file heavy vehicle use tax 2290 for year 2011-2012

The Internal Revenue Service today advised truckers and other owners of heavy highway vehicles that their next federal highway use tax return, which is usually due Aug. 31, will instead be due on Nov. 30, 2011.

Considering that the highway use tax form 2290 is currently scheduled to expire on Sept. 30, 2011, this three month extension is designed to alleviate any confusion and possible multiple filings that could result if Congress reinstates or modifies the tax after that date. Under  temporary and proposed regulations filed today in the Federal Register, the Nov. 30  filing deadline for Form 2290 (Heavy Highway Vehicle Use Tax Return), for the tax period beginning July 1, 2011, applies to vehicles used during July, as well as those first used during August or September. Returns should not be filed and payments should not be made prior to Nov. 1.

To aid truckers applying for state vehicle registration on or before Nov. 30, the new regulations require states to accept stamped schedule 1 as proof of payment for Form 2290 issued by the IRS for the prior tax year, ending on June 30, 2011.  Under federal law, state governments are required to receive proof of payment of the federal highway use tax as a condition of vehicle registration. Normally, after a taxpayer files the return and pays the tax, the Schedule 1 is stamped by the IRS and returned to filers for this purpose.  A state normally may accept a prior year’s stamped Schedule 1 as a substitute proof of payment only through Sept. 30.
 
For those acquiring and registering a new or used vehicle during the July-to-November period, the new regulations require a state to register the vehicle, without proof that the highway use tax was paid, if the person registering the vehicle presents a copy of the bill of sale or similar document showing that the owner purchased the vehicle within the previous 150 days.

In general, the highway use tax applies to trucks, truck tractors and buses with a gross taxable weight of 55,000 pounds or more. Ordinarily, vans, pick-ups and panel trucks are not taxable because they fall below the 55,000-pound threshold.

For trucks and other taxable vehicles which first came into use during July, the filing and payment of heavy vehicle use tax form 2290, under normal circumstances, is due on Aug. 31. The tax of up to $550 per vehicle is based on weight, and a variety of special rules apply to vehicles with minimal road use, logging or agricultural vehicles, vehicles transferred during the year and those first used on the road after July.

Last year, the IRS received about 650,000 Forms 2290 and highway use tax payments totaling $886 million.

Heavy vehicle use tax form 2290 can be filed either through the internal revenue service or using an IRS certified e file provider like greentax2290.com who will not only assist in your 2290 filing but also make sure you get your stamped schedule 1 within minutes. All you have to do is to register with greentax2290.com and begin your filing process for free. You pay only when you are ready to submit your returns and as soon as your returns are transmitted to IRS and accepted, you will get your 2290 schedule 1.

Heavy vehicle tax form 2290 news – file your suspended vehicle for 2011-2012.

IRS has announced that the law that governs heavy vehicle use tax form 2290 will expire by the end of September 2011 and due to the halt in the decision by the congress on heavy vehicle use tax laws, we can certainly expect form 2290 to be delayed for the year 2011-2012. However IRS understands that the delay will definitely leave tax payers agitated and hence, IRS has come up with the following solution.

• Getting Your Tags and/or Registering Your Vehicle - Existing regulations allow states to register a heavy highway vehicle when the application for registration is received during the months of July, August or September 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.
  
  
• Registering Your Newly Acquired Vehicle - States must 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 60 days before the date the state receives the application for registration.

Moreover, heavy highway use vehicles which are not subject to taxation (suspended vehicles) can be filed for tax year 2011-2012. Therefore, truck owners, contractors or individuals owning a vehicle of 55000 pounds and above but has traveled less than 5000 miles (7500 miles in case of agricultural vehicles) can indeed go ahead and file their tax 2290 form for year 2011-2012 and they will also receive their schedule 1 within minutes. On the other hand, individuals who are waiting to electronically file form 2290 for year 2011-2012 on taxable vehicles, want to make amendment on their previous filed 2290 form or want to claim credit on their vehicle can also go ahead and electronically file tax form 2290 with an IRS certified e file provider such as greentax2290.com but in that case, their return will be transmitted to IRS once IRS opens the 2011-2012 filing period for heavy vehicle use tax form 2290. Thus, adopting the advance filing method will definitely save tax payers lot of time and they don’t have to stress over the opening of the 2290 filing period for 2011 as once they file with greentax2290.com, the IRS certified e file provider will take care of everything from keeping tax filers informed about 2011 form 2290 updates and making sure they get 2011 accepted schedule 1 on their submitted returns as and when the filing period opens.

Filing of form 2290 delayed for year 2011-2012

2290 Tax form for 2011 is not yet officially published by the IRS but expect 2290 form to change substantially for the 2011 tax year.

Greentax2290.com is one of the very first companies to get certified by the IRS for 2290 filing for 2011 tax year. Based on our 2011 e file testing experience with the IRS and subsequent 2290 schedule 1 that we received from the IRS, it shows changes in VIN number column. VIN Number column has increased from 6 to 24 for the tax year 2011. There may be other changes coming for 2011 form 2290 (heavy vehicle use tax) but they have not been made official as yet.

A sample test copy of 2290 schedule1 for 2011 can be downloaded from our website: www.greentax2290.com.

Further ahead, internal revenue service (IRS) announced that the law that governs the tax imposed on the use of heavy vehicle on highways is soon going to be expired near the end of September 2011. The new IRS tax form 2290 is yet to be published for the next tax year beginning July 2011, but we can certainly expect changes in the coming heavy vehicle use tax form 2290.

Although, heavy vehicle use tax filing for tax year 2011 is being predicted to be delayed, but there is no need for filers to get jittery or even stressed out by the new development in 2290 tax laws as they can proceed with their form 2290 filing process for the next tax year 2011 with IRS authorized e file provider’s greentax2290.com. Greentax2290.com is the first and only e file provider to be updated with the latest heavy vehicle use tax laws and to be certified to provide fleet/truck owners, contractors, brokers, accountants or any individual in trucking company with electronic filing for the next tax year 2011-2012.

Quick FAQs for the preparation for filing form 2290 for tax year 2011-2012

Q1. Since form 2290 is not available, and I need to renew my truck with the DMV/MVA. What are my options?

Ans1 In that case, the IRS has officially announced that last years (July 2010-June   2011) schedule 1 can be used as proof of payment for DMV renewal application for the month July, August or September.

Q2. Since the IRS form 2290 is not available for the tax year 2011-2012; can I use

       previous year’s form to file for 2011 tax year filing for HVUT?

Ans2 Based on our discussion with the IRS it is highly recommended that you do not send any old form and/or payment to the IRS. If you end up sending the older form 2010 or earlier, IRS will apply the payment towards your tax account and will not issue a schedule 1. They will send you a notice to send a new form when it becomes available.

Q3. I am a new trucker. I have never filed 2290 HVUT tax form before. How can I get my vehicle registered with the DMV/MVA without the proof of payment?

Ans3. In that case, you can get your newly acquired vehicle registered with DMV/MVA without having schedule 1 (proof of payment) by presenting the original or photocopy of the bill of sale showing that the vehicle was purchased by the owner during the 60 days period before the date the state receives the application for registration.

Q4. My local DMV/DMV is not accepting my previous year proof of payment for renewal. What are my options?

Ans4. You may provide a copy of circular that was issued by the IRS to nationwide DMVs. A copy can be downloaded from our website by clicking here http://www.greentax2290.com

Q5. Can we start filing process for 2011 tax year now using your website www.greentax2290.com?

Ans5. Yes, we have 2290 filing for the tax year 2011 open. We will accept your tax return and it will get processed once IRS starts accepting them.

If you have any question on the new development in heavy vehicle use taxes, feel free to contact greentax2290.com at 1-800-578-2290 or you can even e-mail or chat with one of the member of the tax expert team. Also visit greentax2290.com for the latest updates from internal revenue service on heavy vehicle use tax. 

 

This is a copyrighted© article written by Diva who is associates with www.greentax2290.com. No permission is granted for commercial use. You may reproduce this article with written consent from the TRS Holdings, Inc, parent company of greentax2290.com by emailing to wecare@greentax2290.com or by calling at 800-578-2290