This happened! A friend of 2290Tax.com painted a picture for us when we moved into our new offices on Route66. How he came up with the idea is a whole other story, but it got me to thinking…why haven’t I ever seen a real stamp like that? I’d buy that stamp in bulk and use it for all our mail – if such a stamp existed! The message is right on – Truckers are “First Class Forever” in our eyes.
You have spent a lot of time collecting all your tax information, filing the Heavy Vehicle Use Tax, and you finally received your stamped Schedule 1. To your surprise and dismay, you see that a typo was made in the VIN. Where do you go from here?
Thankfully, we offer VIN corrections at no charge. “No charge” meaning completely free– you don’t pay us anything and you don’t pay the IRS any more taxes.
To make the filing process quicker and easier, I recommend you gather your information before you start. This will make filing the Form 2290 online even simpler than it already is.
There are four methods of payment for IRS Form 2290 Taxes. They are as follows:
Before you can file your 2290 Form, you MUST have an Employer Identification Number (EIN). An EIN is a 9-digit number issued to you by the IRS. This number recognizes you or your company as a business identity. Since the 2290 Form is a business tax, the IRS wants a business ID on the form. Though the IRS has accepted Social Security Numbers in the past, they no longer accept them for this tax. Even if you are a Sole Proprietor, you still need an EIN.
Most people don’t realize the work it takes to actually get a truck on the road, but I’m sure you do! From licensing, registration, permits, and taxes like the Heavy Highway Vehicle Use Tax– the list just goes on and on. You’re in luck because one of my favorite things to do is save people money. I have listed below different ways to save some money when it comes to the Heavy Highway Vehicle Use Tax.
Continue reading “Heavy Highway Vehicle Use Tax Weighing Heavy On Your Wallet?”
The IRS hasn’t been known for making anything simple. Like, at all. Ever. In all their existence. When it comes to the Form 2290 instructions, it’s okay that the IRS is not simple because you have me to make it simple for you.
My goal of this article is to take IRS jibberish that seems to be written in this fashion-
IRS: The motor vehicle parked adjacent to the standing infrastructure on the northeast corner of the 1600 block is painted by an irrelevant painter *insert irrelevant name here* to whom chose the shade of red to coat the exterior portion of the motor vehicle to give it a distinct, vibrant shade according to the 11th jurisdiction of the United States.
Do you know what records you need to keep? Do you know how long to keep them? The Form 2290 Instructions talk a lot about it this year.
Continue reading “IRS Form 2290 Instructions: Recordkeeping Requirements”
I have and will talk a lot about suspended vehicles and that’s because they can be really tricky. Whenever the IRS opens a window to help people save money on their taxes, you can be sure they probably slammed a door somewhere too! In this article, I just want to clarify a part of the Form 2290 Instructions that I had to read a few times before I understood.
Continue reading “IRS Form 2290 Instructions: Suspended Timing”
Did you know that when you sell a suspended truck you have to give the new owner information about your old 2290? Do you know what kind of information you’re supposed to give?
Continue reading “IRS Form 2290 Instructions: Selling Suspended Trucks”
