For e-filling Form 2290

In previous tax years, Canadian owners had a tough time filling the form2290 online because of the limited options on how to pay their tax. As they are required to have the US bank account to pay using E-CHECK, EFTPS or CHECK in MAIL. And most of the Canadian owners do not have the US bank account, so they are left with the MONEY ORDER option. But this current tax year, from July 2018, IRS started accepting DEBIT or CREDIT CARD to pay the taxes. Now, Canadian owners can easily pay their tax due online by going to the IRS website (link is as below) by using their credit card. https://www.irs.gov/payments/pay-taxes-by-credit-or-debit-card Quick and easy, tax payment is done in a few minutes. Currently, IRS has authorized three (3) the payment processor that accepts debit or credit card for the tax payment. PayUSAtax.com Pay1040.com OfficialPayments.com/fed The above payment processor varies the convenience fee. So Canadian owners can...

Many truckers often get confused between the renewal of their heavy vehicles registration and the renewal of form 2290 . The form 2290 has to be renewed once a year and that is always in July or August. When the registration renewal date depends on when they have registered their vehicle before. Generally, states authority will ask to show them proof of road tax payment before they will register any taxable heavy vehicle. In this case, please use the watermarked schedule 1 you receive from www.form2290.com after submitting form 2290 online , as a proof of payment when registering a vehicle. Please note; if you select IRS tax payment mode other than Bank Account then please make sure to complete the tax payment post submitting the form 2290 online . You can do that by using an appropriate mode of payment you have selected while e-filing form 2290 . U.S. Custom and Border Protection also ask this proof of tax payment for entering a Canadian or Mexican vehicle into the Un...

Whenever we file the form 2290 and received the schedule 1, we are in a belief that everything is perfectly done. Then all of a sudden, we will get surprised that we received a notice from the IRS that our tax is unpaid. What happened? What did we do wrong? Below are the reasons why you got notice: EFTPS or CARD Payment option for the IRS tax Once we select any of these options, we are in thinking that the IRS will charge our b ank account or debit/credit card automatically for the tax due. But once we check our bank account or credit card statement  shows no charge has been placed by the IRS . This is because we did not use the EFTPS website or card at IRS website to make tax payment. Please take note that if we select tax payment mode as EFTPS, we need to make the payment at the EFTPS website (this does not apply to taxpayers who already have made payment in advance through EFTPS) https://www.eftps.gov/eftps/ , wh ereas for the CARD payment option , we ne...

Who requires to file form 2290 ? Every the person in whose name a heavy vehicle (gross weight of 55000 lbs or more) is registered, and is using the vehicle on the public highway, must file form 2290 heavy vehicle use tax return. A person includes an individual, partnership, corporation, or any other type of an organisation such as educational, non-profit, charitable etc. How long does it take? Once form 2290 has been submitted online at www.form2290.com , it just takes minutes to approve by the IRS. Once accepted by the IRS, they will give a schedule 1 with E-file and Received date water stamped on it (watermarked). That shows your business name, EIN – address and VIN number of all vehicles reported on the form 2290 . There are a few important topics, which would be useful while e-filing form2290 , we would explain here to get more information. First Used Month: Many tax filers get confusion about First Used Month. First, the used month is the month when th...

Suspended vehicles are vehicles that weigh 55,000 lbs or more but runs less than 5,000 miles (7,500 miles for agricultural vehicles). With this type of vehicles, you are still required to file the form 2290 but is tax exempt or does not owe any tax to the IRS. In this case, you need to prepare or keep records that will prove that your vehicle did not run 5,000 miles (7,500 miles for agricultural vehicles) for the whole tax period. As IRS does the audit, you need to provide correct documentation that will show how many miles your vehicle actually had run for the whole tax year. Here are some of the forms that you can use as proof that your vehicle is under the mileage limit. a. Mileage record, logbooks, trip manifest, Individual Vehicle Distance Record, etc b. Repair tickets and maintenance receipts c. IRP Schedule B miles (used for IRP r egistration) d. IFTA tax reports e. State Registration, licenses But what if your vehicle did not run at all? Or is just parked...