Monday, August 8, 2011

Find out the simplest way to e file tax form 2290

For those in the trucking and transportation industry, filing 2290 can be quite a tedious job and it may get even more confusing as internal revenue service has announced that heavy vehicle use tax laws will expire end of sep 2011 and that the deadline has been extended to Nov 30th 2011, thus making the whole process even more complicated. So what can be done in such a situation? How will truck tax filers pay their heavy vehicle use taxes for year 2011-2012?

One of the methods which tax payers normally prefer is mailing their form 2290 to IRS. In such case, the tax payers will go to the IRS office, get form 2290 and fill it right there and pay their taxes, or form 2290 will be mailed to them by IRS, they will fill it up and mail the form 2290 along with their cheque payment back to IRS office. But IRS has now stopped mailing form 2290 to truck tax payers in order to promote electronic filing. Hence, Individuals are downloading form 2290 and mailing it to the IRS office. Although such steps may seem convenient to most tax payers but they do carry many disadvantages such as:

  1. If the tax payer wants to go to the IRS office to file form 2290, the office may be many miles away and the truck tax payer will need to spend hours in travelling and waiting in line to file his heavy vehicle use tax.

  2. If the trucker is posting form 2290 by mail, then it can take several weeks from IRS side to review his form 2290 and once accepted it can again take few more days for the trucker to get his stamped schedule 1. This may result in delay in getting the vehicle registered with DMV, hence causing stress and anxiety for the trucker.
 
However, considering the current scenario where the future of heavy vehicle use tax is still uncertain, truckers who want to get their tags renewed or want to register their vehicle with DMV for July-Oct 2011, they can do so by showing their 2010-2011 proof of payment. For individuals who want to register their newly acquired vehicle and who don’t have any proof of payment can get their vehicles registered also by showing copy of bill of sale to DMV.
 
Moving ahead, although internal revenue service has announced that individuals should not mail in form 2290 or payment towards heavy vehicle use tax before Nov 1st 2011, but it does not mean, individuals cannot file their form 2290 for 2011-2012 tax year. In fact electronic filing makes it easier for owner operators to file 2290 form for the current tax year. An IRS certified e-file provider greentax2290.com, who is most updated with the changes happening in heavy vehicle use tax form 2290 can certainly help you to file form 2290 for 2011-2012. To file form 2290 for 2011-2012, all you need is your EIN, business information and VINs for which you are filing HVUT form 2290. Although IRS says that you should not file form 2290 before Nov 1st, but it is always beneficial to file 2290 form in advance. In this way, you would be absolutely free from your HVUT because then it would be greentax2290’s responsibility to provide you accepted schedule 1 for 2011-2012tax year.
 
Once you have submitted your completed 2011 form 2290 on the greentax2290.com site, your returns will get transmitted once IRS begins accepting 2290 forms and greentax2290.com will provide you accepted schedule 1 immediately once your return has been accepted. It hardly takes minutes to get schedule 1 from submitting your return unlike in case of paper filing where you have to wait for weeks to get schedule 1.
 
Hence, it is highly recommended that you file form 2290 electronically and that too from an IRS authorized e file provider such as greentax2290.com. On the other hand, greentax2290.com along with IRS is working day and night to make sure you are updated with the latest news about the changes happening in heavy vehicle use tax laws.

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