Tag Archives: Truck Tax

Tax2290.com, Best E-file Service Provider for Form 2290

When www.tax2290.com was launched as first ever IRS authorized E-file service provider for filing Form 2290 Online, No one trusted our promise of delivering their Stamped Schedule 1 Copy in minutes. Now after almost a Decade we have proved that we always commit what is possible and nothing else.    Continue reading

Facing Tax Trauma While Tax Calculations? Read through!

Hello truckers, welcome back to our blog. Today we are going to speak about tax calculations. We know how difficult it is to keep a track on the receipts, the payment and of course, the due date. However, if a truck weighs more than 55,000 pounds and drives more than 5,000 miles in a taxable year, they are liable to pay taxes. These vehicles are categorized as taxable vehicles.

Below is the table for your better understanding:

 

 

Annual Tax (Vehicles Used During July)

Category

Taxable Gross Weight

Vehicles Except for Logging

Logging Vehicles

A

55,000

$ 100.00

$ 75.00

B

55,001-56,000

122.00

91.50

C

56,001-57,000

144.00

108.00

D

57,001-58,000

166.00

124.50

E

58,001-59,000

188.00

141.00

F

59,001-60,000

210.00

157.50

G

60,001-61,000

232.00

174.00

H

61,001-62,000

254.00

190.50

I

62,001-63,000

276.00

207.00

J

63,001-64,000

298.00

223.50

K

64,001-65,000

320.00

240.00

L

65,001-66,000

342.00

256.50

M

66,001-67,000

364.00

273.00

N

67,001-68,000

386.00

289.50

O

68,001-69,000

408.00

306.00

P

69,001-70,000

430.00

322.50

Q

70,001-71,000

452.00

339.00

R

71,001-72,000

474.00

355.50

S

72-001-73,000

496.00

372.00

T

73,001-74,000

518.00

388.50

U

74,001-75,000

540.00

405.00

V

Over 75,000

550.00

412.50

How do I file taxes:

First, you need to classify your vehicle based upon the category mentioned in the tabular column. If you are filing prorated taxes for your vehicle, then you need to calculate for the months your filing. Say, if April you took your vehicle on the highway for the first time, this May 31st is the last date to file your return depending upon the taxable weight. If your vehicle used only for logging and other forestry purpose, the tax rate would differ.

Now the question is which is easiest method to file your HVUT? Well, there are two major methods to file form 2290. One is the traditional method, paper filing. This consumes lot of time and energy, involving calculations to be done by t things are supposed to be done manually. It also provides you room with errors. If one error is found in your form, IRS would reject your return. So when you are opting for paper filing, ensure you are too good at math.

However, we have another option for you. May be this would work easy for you. Efiling is the method that can put you at ease. Here, there is nothing done manually. You have to register with Tax2290.com and then simply check on “Start A New Return”. Click on Heavy Vehicle Used Tax and fill in the details requested by the application. As you are typing, your info related to your vehicle, you will see your calculated taxes in the next slide in seconds. Also, add this point, the calculations done by our inbuilt application is the most accurate result, which will make you come to Tax2290.com again and again.

When things can get so techy, why do you have to stay dependent on paper and pen? So what is the wait for? Come over, and file tax for your heavy vehicle if you have used it for the first time on the highway in the month of April. So eventually, this May 31st would be the due date to file your return. Don’t wait anymore, if you go late, penalties would simply tag along which is not so likely.

Reach our Tax Experts for more assistance @ 1-866-245-3918 or write to us your queries tosupport@taxexcise.com. You stand as our inspiration to work harder, each day. We need to serve you with the best.

Smog Rules Followed In California

Hello truckers, welcome back. Hope your New Year blast turned out awesome as assumed. We know how exhausting it is to get back to work after long weekend celebrations. However, we have left with no option and thus, we’re sharing a post on Diesel Smog Rules followed in California. So California residents gear up and take up the resolution to cut off the pollution in your city. Continue reading

An Approach Towards OTR Trucking

OTR trucking, is more than a job. It is a lifestyle for you truckers with a perfect blend of traveling around the country, living in your small cab like room, and never knowing where the next load might take you becomes your life. While the other side of trucking consists of picking freight up in one place and deliver it to another, mainly crossing several states, unknown roads.

Usually, these trucks weigh at least 26,001 pounds and moving through the regular route, whereas, some are expected to move through irregular route carrier around United States, Canada or even Mexico. Few companies work with their own OTR truck drivers and include a new trucking division for transporting their goods from one location to another, while the smaller companies get in contact with contract deliveries with other trucking companies, providing OTR drivers.

Let’s get in detail about OTR Trucking and their insights- Continue reading

IRS recent updates on HVUT form 2290 Truck Tax !!

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Updated as of September 16, 2011

Congress has passed and the President has signed an extension of the Heavy Highway Vehicle Use tax through September 30, 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. In the meantime, you can still pay your 2010 excise tax, get your 2011 tags and register your new or used vehicle. Continue reading