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:
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