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IRS 2290 & IFTA

made easy

ExpressTruckTax.com

TABLE OF CONTENTSPurposeWhat is a Schedule 1?When to file?How to e-file Tax 2290?Benefits of e-filingWhy use ExpressTruckTax?

PURPOSE

A Form 2290 and Schedule 1 must be filed for the tax period beginning 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 gross weight of 55,000 pounds or more.

SCHEDULE 1• Tax payer must file schedule 1 along with form

2290 to the IRS. IRS will return the schedule 1 with IRS Electronic watermark with a timestamp.

• To report all vehicles for which you are reporting tax (including an increase in taxable gross weight) and those that you are reporting suspension of the tax by category and vehicle identification number (VIN).

• Proof of payment for state registration. Generally, states will require verification of payment of the tax for any taxable vehicle before they will register the vehicle.

• Use the stamped copy of Schedule 1 as proof of payment when:

Registering vehicles with the state, or Entering a Canadian or Mexican vehicle into the United

states

SAMPLE WATERMARKED SCHEDULE 1

WHEN TO FILE?

• Current HVUT Tax Period is July 1,2012 – June 30, 2013

• Form 2290 must be filed for each month a taxable vehicle is first used on public highways during the current tax period.

• Form 2290 must be filed by the last day of the month following the month of first use.

• The filing rules apply both for paying the tax or reporting suspension of the tax.

HOW TO FILE?Electronic (e-file) E-file is required for owners with 25 or more vehicles

Through any electronic return originator (ERO), transmitter, and/or intermediate service provider (ISP) participating in the IRS e-file program for excise taxes.

Paper Mail Form 2290 to the address shown under Where To File. If you did not pay the tax using Electronic Funds Withdraw (EFT) or the Electronic Federal Tax Payment System (EFTPS), mail Form 2290-V and your check or money order with Form 2290

BENEFITS OF E-FILING• Very easy to use – user friendly• History of data - Easily import previous

years details• No math required - Accurate

calculations• Get Schedule 1 within minutes - No

need to wait for days/months• Accessibility over the internet – Save

and Continue your returns any time• Easy print for your reference• Download final copy any time for future

reference• Questions – call customer service 24/7

WHY E-FILE WITH ExpressTruckTax.com?

ExpressTruckTax.com is a sophisticated application that has lots of features built-in. ExpressTruckTax.com supports all scenarios; Taxable Vehicles, Suspended Vehicles, Prior Year Suspended Vehicles, Sold/Destroyed/Stolen credits and Low Mileage Credits.

ExpressTruckTax.com is a smart application; it will generate Form 8849 and Claim of Excise Taxes when the credits exceed the tax due on the Form 2290.

ExpressTruckTax.com has the sleek and simple interface that can help you file your Form 2290, Form 8849 and Form 2290 Amendment in minutes.

Whether you have a single truck or a fleet of thousands, our system can keep you rolling.

WHY E-FILE WITH ExpressTruckTax.com?

• Bulk Uploads – you do not need to be a computer savvy, just download our template, add vehicles and upload it using our express upload option or use Smart Upload where you can upload your own Excel or CSV file.

• Accurate tax calculation: No calculators or spreadsheets for you. You punch in the data, we do the math.

• Easy-to-use system: Contextual help windows and videos walk you through the process. We’ve done everything possible to make taxes less…taxing.

WHY E-FILE WITH ExpressTruckTax.com?

• Quick credits: While filing your Form 2290, our system can identify credits and help you quickly and easily file Form 8849, so you get your money back faster.

• FREE Amendments: Our system allows you to make quick amendments to your filing to insure that you send the most accurate information to the IRS.

• Industry Experience: No one has more experience with excise tax e-filing than we do. Our team wrote the book on e- filing these forms. We know this stuff inside and out, and we’re just a click or call away.

WHY E-FILE WITH ExpressTruckTax.com?

• VIN correction: Vehicle identification numbers can be as long as 17 digits. Mistype a single one, and it can mess up your filing. Make quick and easy corrections with ExpressTruckTax. And it is always free with ExpressTruckTax.com.

• Full Service: We’ve got a speedy system, but if you’re just too busy, let us know. We can recommend a service provider.

• Tax Professional Discounts• Support Options: We are available via

phone, email and chat.

HOW TO PAY THE TAXES TO IRS

E-Filing 2290 allows the filer to send the payments by any one of the following ways:

Direct Debit (Electronic Funds Withdrawal) Bank account number and routing number must be entered and IRS will initiate the withdrawal

EFTPS The filers can send the money using EFTPS.Gov site. They just need to indicate that they have chosen EFTPS when they file 2290. It is the responsibility of the filer to initiate a transaction

Check or Money Order From 2008, IRS started accepting check or Money order as a mode of payment when e-filing 2290. The filers have to send 2290-v (payment voucher) along with their payment.

E-FILE FLOW

•Register or login

•Gather your information

Create an

account

• Enter data

• Upload using Excel

• Take Credits

Enter Data

•Error Checks

•Transmit to IRS

Efile

•Get Schedule 1 in minutes

•Alerts by SMS or Fax

Get Schedul

e 1