There is lot of hype created on the virtual world about pre filing form 2290. Taxpayers are on constant reach of our Tax Experts and check how they can stay advantageous with pre filing. Today we are going to answer few of the questions raised by our customers on a frequent note.
So all you need to do is gear up and keep reading. Continue reading
With the weekend fever just ended, we hope and stay assured that you did have good weekend with your family and friends, resting your rig for a while. However, we are here to announce that Tax2290.com is offering pre filing service for filers who are ready with their documents associated with 2290 form. Continue reading
Welcome back truckers, it’s been a very long week. Hope you all were available for your families and allowed your truck to rest. We know the hardship you share with your truck, roads and taxes. Obligations are many; among them taxes is one such commitment that arises only once a year and it last only for 2 months i.e. July 1st– 31th August. Continue reading
Trucking is a style, no one would understand. This epic statement says it all. Trucking is one such industry, where people are amused by the hard work and passion truckers share for the nation. However, there is one thing to think over. What is Heavy Vehicle Use Tax? Continue reading
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 |
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.