Top Ten Mistakes To Avoid When E-Filing Form 2290 Online For TY 2020-21

Truck Taxes are complicated – mistakes sometimes happen.  Fortunately, TaxSeer2290’s smart wizard-driven e-file platform takes the guesswork out of doing your truck taxes and prevents many mistakes from happening in the first place.  From the experts of TaxSeer2290, here are some other mistakes to avoid so that your form 2290 online filing isn’t rejected by the IRS:

Form 2290 online filing through Taxseer2290 e-file platform

1. Mistyping your email address at sign up: After your form 2290 e-filing is complete, our system will email you in minutes with your stamped Schedule 1. Make sure it arrives on time by providing the correct email address at signup.
2. Selecting incorrect user type during sign up: Our platform allows for multiple account types, including individual operators or tax professionals who manage the returns of multiple clients. When signing up as a tax professional, we require additional information, including your Paid Preparer Tax Identification Number (PTIN).
3. Business Name & EIN not matching: The Business Type, Business Name, Employer Identification Number (EIN), and the address you provide must match with the IRS’ records. If they don’t, your e-file will be rejected. In this case, the TaxSeer2290 system will notify you of the mistake. If you’re unsure of the specifics of your business information, you can call the IRS help-desk directly to verify.
4. E-filing within 2 weeks of receiving a new EIN:  If you’ve recently been assigned an Employer Identification Number (EIN), be sure to wait at least two weeks before you file your form 2290 online as the IRS e-file system must be updated with your new information. Any submissions done before the 2 weeks period are generally rejected. If this happens to you, TaxSeer2290 offers free refiling of your 2290 forms.
5. Incorrect Filing Year: Details matter!  Be sure to select either the current or previous tax year when completing your e-filing. You may also pre-file your 2290 form for the next tax year based on your expected usage and mileage.
6. Incorrect Timeline: The HVUT tax year runs from July – June.  Therefore, when paying HVUT taxes for one full year, you should select July as the first use month of your file. If you purchased your vehicle any time after July of that tax year, you may set your first use month to be the month of purchase.  Our Taxseer2290 system will then automatically calculate taxes on the vehicle based on the first use month and weight category of your vehicle.
7. Incorrect VIN: One of the most common mistakes we see is that users make typos when entering the long, complex vehicle identification number (VIN).  Pay close attention during your filing to ensure no mistakes are made. However, TaxSeer2290 allows for the filing of amendments to correct these types of mistakes.
8. Incorrect Weight Category: Be sure to select the correct weight category of your vehicle. If you select the wrong category, your taxes will be calculated incorrectly and an amendment will need to be filed.
9. Incorrect filing type: If your vehicle traveled fewer than 5000 miles in the previous year (or 7500 miles for agricultural vehicles), it may be classified as “suspended”, saving you money. However, if you select the wrong category during filing, you’ll have to make an amendment and pay to correct the balance owed. Additionally, the IRS may levy penalties against filers for misreporting the filing type.
10. Incorrect Bank Account Number: Entering an incorrect bank account# may not lead to the form 2290 online filing rejection but it will lead to IRS notice imposing penalty as the IRS efile system will not be able to debit the tax amount from the incorrect bank account# provided.

If you have any questions about these or other pitfalls, feel free to contact our TaxSeer2290 support through either live chat or email. Let us help you ensure your taxes are completed accurately and quickly. We also provide a list of FAQs at the Taxseer2290 website

About Taxseer2290

Taxseer2290 is a leading IRS-authorized e-file service provider offering you the best cloud-based solutions to perform online filings of Forms 2290, 8849 (Other Credits), and 2290 Amendments. As part of our commitment to make e-filing easy and convenient, we are always available and you can contact us over the phone at 240.780.6153. You can also reach us via live chat or email us at support@taxseer2290.com.

FAQs for Filers who e-file Form 2290 Online

1.     Who is required to e-File Form 2290 and pay Heavy Highway Vehicle Use Tax (HVUT)?

Anyone who registers a heavy highway motor vehicle in their name with a gross weight of 55,000 pounds or more and going to drive more than 5000 miles (7500 miles for farm vehicles) must file Form 2290 and pay taxes every year. If you are the owner of vans, pickup trucks, panel trucks, etc., whose gross weight is less than 55,000 pounds then you are not required to file form 2290 as these vehicles don't fall under the heavy highway vehicle category. Trucks that are used for 5,000 miles or less (7,500 for farm trucks) and having gross weight of 55,000 pounds or more are required to file form 2290 return but are excluded from paying the tax.

2.     Who is required to e-File Form 2290 Online?

IRS encourages all Form 2290 filers to e-file as it is quick and easy and it eliminates all manual efforts. If you are reporting 25 or more taxable heavy highway motor vehicles for any taxable period, you must e-file through an IRS-approved software provider like Taxseer2290.com. You will have to pay a small service fee to the software provider or e-file transmitter you choose. When you e-file, your Schedule 1 will be available almost immediately after IRS accepts it. Though most of the HVUT form 2290 e-file providers provide nearly all the functionalities that IRS expects for e-filing but there is a wide variation in the pricing between them. Taxseer2290 provides a very secure and quick e-file system at the most competitive price.

3.     Why do I need an Employer Identification Number (EIN) to e-file?

IRS system issues a unique 9-digit Employer Identification Number (EIN) for all businesses operating in US for the tax administration purpose. IRS e-file system uses a combination of your EIN and your name as a unique identifier for the name control for validation purpose. On an e-filed return, if a taxpayer's unique ID doesn't match the IRS records, it's rejected. Please note that SSN cannot be used to IRS e-File Form 2290.

4.     Can I immediately e-file after just receiving my new Employer Identification Number(EIN)?

IRS suggests new businesses who have received their EIN recently to wait for atleast 2 weeks before they e-file form 2290. It usually takes around 2 weeks for the name control to be established in the IRS system and if the form 2290 e-file submits before this period then the e-files are rejected. However, Taxseer2290 provides a very easy workflow in the e-file system where a rejected form 2290 e-file can be very easily resubmitted any number of times without any additinal cost. Taxseer2290 suggests form 2290 e-filers to go ahead with the filing any time and even if it is rejected due to the new EIN, the e-filers can resubmit it at a later date to receive the Schedule-1 without any additional cost.

5.     How will I know the IRS has received my return?

You will get an e-mail notification from us along with the IRS approved Schedule-1 containing a watermark of the e-file logo in the background. You can also access the same Schedule-1 from the Taxseer2290 site any time and this is preserved for atleast 5 years at no additional charges. For More Info:

How to Pre-File Form 2290 Online for Tax Year 2020-21 Using TaxSeer2290?

It’s that time of year again! Starting in June, you can pre-file your Heavy Highway Vehicle Use Tax (HVUT) Form 2290 for the future tax year (July2020 – June2021). This year, let Taxseer2290 help you manage your Form 2290 online filing with ease so you can get back to managing your fleet.

Pre-File Form 2290 Online for Tax Year 2020-21 using Taxseer2290

If you’re a returning user, welcome back!  A simple click of the “Copy Filing” option in your account will get you started. On the TaxSeer2290 (www.taxseer2290.com) platform, you can set up your pre-fillings so that they will automatically be submitted after the start of the IRS filing period on July 1st. And when you use the Electronic Fund Withdrawal (EFW) option for IRS payment, you will not be charged until the filing actually takes place!

If you’re new to TaxSeer2290, you’ll find that our powerful, IRS-authorized e-file solution has helped truck drivers and fleet managers easily complete and submit their 2290 and 8849 forms.  Simply follow the steps below to get started:

• Create a free account on www.Taxseer2290.com
• Enter the requisite business information for Forms 2290 E File and 8849, including your DBA name, business type, Employer Identification Number (EIN), Address, Contact Information, and authorized signatory.
• Select the relevant HVUT form type from the available options.
• Enter the month you would like to begin filing (July of the current year if you started operating prior to the month of July).
• Enter information for all taxable (>5000 miles), suspended (<5000 miles), and credited(destroyed/damaged/stolen/low mileage/over payment) vehicles.  Our TaxSeer2290 system will automatically calculate the total taxes and credits due based on the information provided on your fleet.
• Select the type of payment you will use for your HVUT payment to the IRS.  We offer direct debit, electronic federal tax payment system (EFTPS), check/money order, and debit/credit card payments
• Provide your consent to the IRS to disclose information about your HVUT payment to other federal agencies.
• Designate an employee, return preparer, or other third party to manage your Form 2290 or 8849 e-filing with the IRS (optional)
• Review the TaxSeer2290 filing summary and make any final changes to ensure all your information is correct before submission.
• Pay the affordable TaxSeer2290 service charge via Credit Card.
• Download your completed Form 2290 and the IRS Stamped Schedule 1.  These documents will also be sent to the registered email on your account.

Easy to use and affordable – it doesn’t get any better than that. And as part of our commitment to make e-filing convenient, we are available via phone at (240) 780-6153 or via email at support@taxseer2290.com. Contact us today for help getting started!