Anyone who operates a truck or other vehicle categorized as a Heavy Highway Use Vehicle on public highways must complete Form 2290 (Heavy Highway Use Vehicle tax return) and pay excise tax. All truck owners can now file and pay electronically using IRS e-file.

IRS e-file is the best way to prepare and file your Form 2290 excise tax. IRS e-file saves you time, paper and postage. You get your Schedule 1 almost immediately after we accept your return, and you can get your taxes done from your computer while you are on the road, any time of the day or night.

If you are reporting 25 or more trucks on a return, you must file and pay electronically.

Resource: www.IRS.gov/trucker

Monday, May 7, 2012

How To File Form 2290

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Electronic filing is required for each return reporting 25 or more vehicles. However, all taxpayers are encouraged to file electronically. Electronic filing generally allows for quicker processing of your return. A stamped Schedule 1 can be available in as little as 24 hours after 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. You can e-file...

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Who Must File Form 2290

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You must file Form 2290 and Schedule 1 for the tax period beginning on July 1, 2012, and ending on June 30, 2013, 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.  You may be an individual, limited liability company (LLC), corporation, partnership, or any other type of organization (including nonprofit, charitable,...

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Third Party Designee

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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...

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Form 2290 Taxable Vehicle

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Highway motor vehicles that have a taxable gross weight of 55,000 pounds or more are taxable. A highway motor vehicle includes any self-propelled vehicle designed to carry a load over public highways whether or not also designed to perform other functions. Examples of vehicles that are designed to carry a load over public highways include trucks, truck tractors, and buses. Generally, vans, pickup trucks, panel trucks,...

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