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COMPLETE INFORMATION ON IRS FORM
2290 INSTRUCTIONS
Express Truck Tax
CONTENTS
 Purpose of Form 2290
 Who must file Form 2290?
 Taxable vehicles
 When to file Form 2290?
 How to file Form 2290?
 Penalties and interest
 EIN(Employer Identification Number)
 VIN(Vehicle Identification Number)
 Taxable Gross Weight increase
 Form 2290 schedule 1
 Third party designee
PURPOSE OF FORM 2290
 IRS Form 2290 is meant to send information about the usage of a
commercial truck and to pay taxes on that use to the IRS. You can use
this form for a single truck filing or up to twenty-five vehicles can be
reported on one form.
The major reasons for filing the form include:
 Calculating and paying the taxes owed on Heavy Vehicle Use Tax
 Claiming a suspension of the tax for vehicles driven less than 5,000
miles during the applicable period (or 7,500 miles if agricultural use)
 Claiming a credit for a sold, stolen or destroyed vehicle.
WHO MUST FILE FORM 2290?
 Any business owner or a tax professional can file form 2290.You may be
an individual, limited liability company (LLC), corporation, partnership, or
any other type of organization (including nonprofit, charitable,
educational, etc.)
 The tax period for 2014 of Form 2290 begins on July 1, 2014, and ends
on June 30, 2015.
 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.
TAXABLE VEHICLES
 Taxable Vehicles are the Highway motor vehicles that have a taxable
gross weight of 55,000 pounds or more are taxable
 This type of amendment is filed if the taxable gross weight of a vehicle
increases during the period and the vehicle falls in a new higher
category. For instance, an increase in maximum load customarily carried
may change the taxable gross weight.
WHEN TO FILE?
 Heavy Vehicle Use Taxes must be filed using the Form 2290 on an
annual basis. The Tax period for Heavy Vehicles begins on July 1st and
ends on June 30th of the following year. The annual renewal of your
Form 2290 for a new tax period IS DUE BY August 31st each year.
 For new vehicles placed in service, the IRS Form 2290 must be filed by
the last day of the month following the month of first use. For example, if
you purchase and first use a vehicle in October, you must file a Form
2290 by the end of November.
HOW TO FILE FORM 2290?
ELECTRONICALLY FILING:
 File Form 2290 electronically through any electronic return
originator (ERO), transmitter, and/or intermediate service
provider (ISP) participating in the IRS e-file program for
excise taxes, such as ExpressTruckTax.com.
 E-Filing 2290 is required by the IRS, if you are reporting 25
or more trucks on a return.
PAPER FILING
 Mail Form 2290 to the address shown under Where to File.
If you did not pay the tax using the Electronic Funds
Transfer or Electronic Federal Tax Payment System
(EFTPS), mail Form 2290-V and your check or money order
with Form 2290.
PENALTIES AND INTEREST
 If you receive a IRS penalty for filing your return late or paying your tax
late and believe you have reasonable cause for doing so, send a letter
to the IRS explaining why you believe you have reasonable cause for
filing late or paying late.
 Do not attach an explanation when you file your return.
EMPLOYER IDENTIFICATION NUMBER(EIN)
 The IRS requires ANY taxpayer filing a Form 2290 to use an EIN or
Employer Identification Number when filing. The IRS expressly prohibits
the use of social security numbers for the filing of 2290.
 Remember, the due date to file your Form 2290 for vehicles first placed
on public highways in November is December 31, 2014. While you can
get your EIN immediately, it can take the IRS up to 10 business days
to update new EINs into their system. You cannot E-File your Form 2290
until your EIN is the system, so you will want to get your EIN today to
ensure you can file by the deadline.
VIN CORRECTION
 The 2290 VIN correction would need to be filed if an error was made on
the 2290 when entering the 17 character Vehicle Identification Number.
You can even file a VIN correction for Free.
 A Vehicle Identification Number (VIN) is a unique serial number used by
the automotive industry to identify individual motor vehicles.
 VIN correction is filed if mistake has been made in any of the VIN during
previously filed form 2290. Earlier, VIN correction could only be done
through paper filing but Now, IRS has allowed VIN corrections to be
done through E-file as it is quick and easy. You can get your VINs
corrected and receive your stamped schedule 1 in minutes.
TAXABLE GROSS WEIGHT
 This amendment is filed if the taxable gross weight of a vehicle
increases during the period and the vehicle falls in a new higher
category. For instance, an increase in maximum load customarily carried
may change the taxable gross weight.
 With ExpressTruckTax.com, we make it easy to file this increase in
taxable gross weight and accurately calculate the difference in tax due
to IRS. You will also get your Schedule 1 for the new weight category in
minutes.
FORM 2290 SCHEDULE 1
 2290 Schedule 1 is a proof of Heavy Highway Vehicle Use Tax payment
received from IRS when you e-file Form 2290.
 When E-Filing, the IRS will apply a digital watermark to
your HVUT Schedule 1. This digitally "stamped" Schedule 1 serves as
your HVUT proof of payment.
THIRD PARTY DESIGNEE INCREASE
 If you want to allow an employee of your business, a return preparer, or
other third party to discuss your Form 2290 with the IRS, check the “Yes”
box in the Third Party Designee section of Form 2290.
 Also, enter the designee's name, phone number, and any five digits that
person chooses as his or her personal identification number (PIN). The
authorization applies only to the tax return on which it appears.
 By checking the “Yes” box, you are authorizing the IRS to speak with the
designee to answer any questions relating to the information reported on
Form 2290.
Cont…..
You are also authorizing the designee to:
 Exchange information concerning Form 2290 with the IRS, and
 Request and receive written tax return information relating to Form
2290, including copies of notices, correspondence, and account
transcripts.
CONTACT US
 Get started today
at expresstrucktax.com Email us at
support@expresstrucktax.com or call 704-
234-6005.

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Complete information on irs form 2290 instructions

  • 1. COMPLETE INFORMATION ON IRS FORM 2290 INSTRUCTIONS Express Truck Tax
  • 2. CONTENTS  Purpose of Form 2290  Who must file Form 2290?  Taxable vehicles  When to file Form 2290?  How to file Form 2290?  Penalties and interest  EIN(Employer Identification Number)  VIN(Vehicle Identification Number)  Taxable Gross Weight increase  Form 2290 schedule 1  Third party designee
  • 3. PURPOSE OF FORM 2290  IRS Form 2290 is meant to send information about the usage of a commercial truck and to pay taxes on that use to the IRS. You can use this form for a single truck filing or up to twenty-five vehicles can be reported on one form. The major reasons for filing the form include:  Calculating and paying the taxes owed on Heavy Vehicle Use Tax  Claiming a suspension of the tax for vehicles driven less than 5,000 miles during the applicable period (or 7,500 miles if agricultural use)  Claiming a credit for a sold, stolen or destroyed vehicle.
  • 4. WHO MUST FILE FORM 2290?  Any business owner or a tax professional can file form 2290.You may be an individual, limited liability company (LLC), corporation, partnership, or any other type of organization (including nonprofit, charitable, educational, etc.)  The tax period for 2014 of Form 2290 begins on July 1, 2014, and ends on June 30, 2015.  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.
  • 5. TAXABLE VEHICLES  Taxable Vehicles are the Highway motor vehicles that have a taxable gross weight of 55,000 pounds or more are taxable  This type of amendment is filed if the taxable gross weight of a vehicle increases during the period and the vehicle falls in a new higher category. For instance, an increase in maximum load customarily carried may change the taxable gross weight.
  • 6. WHEN TO FILE?  Heavy Vehicle Use Taxes must be filed using the Form 2290 on an annual basis. The Tax period for Heavy Vehicles begins on July 1st and ends on June 30th of the following year. The annual renewal of your Form 2290 for a new tax period IS DUE BY August 31st each year.  For new vehicles placed in service, the IRS Form 2290 must be filed by the last day of the month following the month of first use. For example, if you purchase and first use a vehicle in October, you must file a Form 2290 by the end of November.
  • 7. HOW TO FILE FORM 2290? ELECTRONICALLY FILING:  File Form 2290 electronically through any electronic return originator (ERO), transmitter, and/or intermediate service provider (ISP) participating in the IRS e-file program for excise taxes, such as ExpressTruckTax.com.  E-Filing 2290 is required by the IRS, if you are reporting 25 or more trucks on a return.
  • 8. PAPER FILING  Mail Form 2290 to the address shown under Where to File. If you did not pay the tax using the Electronic Funds Transfer or Electronic Federal Tax Payment System (EFTPS), mail Form 2290-V and your check or money order with Form 2290.
  • 9. PENALTIES AND INTEREST  If you receive a IRS penalty for filing your return late or paying your tax late and believe you have reasonable cause for doing so, send a letter to the IRS explaining why you believe you have reasonable cause for filing late or paying late.  Do not attach an explanation when you file your return.
  • 10. EMPLOYER IDENTIFICATION NUMBER(EIN)  The IRS requires ANY taxpayer filing a Form 2290 to use an EIN or Employer Identification Number when filing. The IRS expressly prohibits the use of social security numbers for the filing of 2290.  Remember, the due date to file your Form 2290 for vehicles first placed on public highways in November is December 31, 2014. While you can get your EIN immediately, it can take the IRS up to 10 business days to update new EINs into their system. You cannot E-File your Form 2290 until your EIN is the system, so you will want to get your EIN today to ensure you can file by the deadline.
  • 11. VIN CORRECTION  The 2290 VIN correction would need to be filed if an error was made on the 2290 when entering the 17 character Vehicle Identification Number. You can even file a VIN correction for Free.  A Vehicle Identification Number (VIN) is a unique serial number used by the automotive industry to identify individual motor vehicles.  VIN correction is filed if mistake has been made in any of the VIN during previously filed form 2290. Earlier, VIN correction could only be done through paper filing but Now, IRS has allowed VIN corrections to be done through E-file as it is quick and easy. You can get your VINs corrected and receive your stamped schedule 1 in minutes.
  • 12. TAXABLE GROSS WEIGHT  This amendment is filed if the taxable gross weight of a vehicle increases during the period and the vehicle falls in a new higher category. For instance, an increase in maximum load customarily carried may change the taxable gross weight.  With ExpressTruckTax.com, we make it easy to file this increase in taxable gross weight and accurately calculate the difference in tax due to IRS. You will also get your Schedule 1 for the new weight category in minutes.
  • 13. FORM 2290 SCHEDULE 1  2290 Schedule 1 is a proof of Heavy Highway Vehicle Use Tax payment received from IRS when you e-file Form 2290.  When E-Filing, the IRS will apply a digital watermark to your HVUT Schedule 1. This digitally "stamped" Schedule 1 serves as your HVUT proof of payment.
  • 14. THIRD PARTY DESIGNEE INCREASE  If you want to allow an employee of your business, a return preparer, or other third party to discuss your Form 2290 with the IRS, check the “Yes” box in the Third Party Designee section of Form 2290.  Also, enter the designee's name, phone number, and any five digits that person chooses as his or her personal identification number (PIN). The authorization applies only to the tax return on which it appears.  By checking the “Yes” box, you are authorizing the IRS to speak with the designee to answer any questions relating to the information reported on Form 2290. Cont…..
  • 15. You are also authorizing the designee to:  Exchange information concerning Form 2290 with the IRS, and  Request and receive written tax return information relating to Form 2290, including copies of notices, correspondence, and account transcripts.
  • 16. CONTACT US  Get started today at expresstrucktax.com Email us at support@expresstrucktax.com or call 704- 234-6005.