Blog

Wednesday, May 15, 2019

Do You Need To File a Form 8849?


If you’re new to trucking the numbers used for necessary forms may be a bit overwhelming. There’s 2290s, 8849s, 4868s, 1099s, and 123s, we might be exaggerating with the 123s, but you get the gist, it’s a lot of forms and a lot of numbers to remember. We won’t bore you and got through each form 1 by 1, but we will tell you about the two most relevant ones for this filing period.

What is Form 2290?

The form that you have probably heard the most about, as of late is Form 2290. So what is Form 2290, and how does it relate to you, if at all.

Form 2290 is used to figure and pay the tax due on highway motor vehicles used. Your next question
File
is probably does it even apply to you, and the answer is it might. All vehicles with a taxable gross weight of 55,000 pounds or more that travel by highway is required to file a Form 2290.

After paying taxes you will be given a Stamped Schedule 1 that serves as proof of payment from the IRS. This document is important, as it is needed in order to register your commercial vehicle.

Do You Need to File Form 8849?

There are exemptions and claim suspensions that apply to some vehicles meeting certain requirements. The requirements are as follows:

  • The vehicle used 5,000 highway miles or less during the period. 
  • The vehicle is an agricultural vehicle and used 7,500 miles or less during the period.
  • The Vehicle was stolen during the period
  • The vehicle was destroyed during the period
  • The vehicle was sold during the period 

The above list leads us to the importance of Form 8849. If any of the above are true about a vehicle you owned then you must first file a Form 2290 and pay the correct amount of Heavy Vehicle Use Tax (HVUT) and then complete the Form 8849.

Claims and Refunds

In order to claim credits or refunds for vehicles stolen, destroyed, sold, or only used for 5,000 miles or less and 7,500 miles or less for agricultural vehicles, the Form 8849 is required. The things you’ll need to file a Form 8849 are your name, address, details on the vehicle you are seeking a claim/refund for and your Employee Identification Number (EIN). Be sure to double check that the EIN you are using is consistent with what the IRS has on file. 

*If an EIN is needed you are able to apply for one online with the IRS.

File With Truck Services of North America

TSNA Pre-FileTruck Services of North America (TSNA) is offering pre-filing! File as early as today, with one phone call. Support team members are standing by to assist you with all of your Form 2290 needs.

File With ExpressTruckTax

The great thing about our sister company, ExpressTruckTax is that it makes all of your Form 2290 filing simpler. It even gives you a chance to auto generate a Form 8849 if you are in need of one for the current filing period.
Read More »

Wednesday, May 1, 2019

Top 10 Reasons Why You Should File With TSNAmerica


Form 2290TSNAmerica is now offering Form 2290 filing for truckers who have a vehicle with more than 55,000 pounds in gross weight. TSNAmerica users have the opportunity to score additional benefits by filing prior to the start date of the Form 2290 filing. Listed are ways that TSNAmerica can be beneficial to you.

Right Your Wrongs: By filing earlier you can avoid costly mistakes. Prefiling with TSNA gives users a chance to amend the return in case it is rejected due to mistakes. Truck services of North America offer free VIN corrections to all of its pre-filing clients.

Error Check: Prior to submission of your Form 2290 there is an instant error check ran to look for any errors located that may cause for rejection from the IRS.

File Now, Pay Later: Just because you are filing earlier, doesn’t mean you are required to pay any earlier than you normally would. There is also no extra charge applied for filing earlier, making it a top-rated value. File as early as today and have up to three months to save before paying your taxes.

Never Miss A Deadline: It is too easy to forget deadlines, but as a courtesy to all clients, TSNA sends reminders of important dates through email. Helping you to avoid late fees and additional penalties.

Quick And Easy: TSNA makes sure you receive your Stamped Schedule 1 within minutes. Eliminating the need to wait to renew your vehicle at the registration office.

Short Wait Time: Avoid the hassle of long lines over the phone and in the office. When you pre-file you eliminate the chance of having to listen to hold music As the deadline approaches hold times can get longer and longer. You can beat the rush easily when you opt-in to pre-file.

Paper Free: TSNAmerica prepares your paperwork so you won’t have to. With one phone call, you can wipe your hands of Form 2290 stresses, until July. Making this method the easiest way to file.

Multiple Ways To Pay: There’s no difference between what the IRS accepts and the methods of payment TSNAmerica accepts. You can use EFTPS, Direct Debit, Check/ Money Order.

Client Support: Although the process of filing is quick and easy, TSNAmerica’s US-based bilingual support team is available to answer any questions you may have regarding your Form 2290

Top Security: Filing with TSNAmerica is a secure process. Your information will be protected by the latest data encryption.


Call TSNAmerica at (803) 386 0320 to reach a support team member and file your Form 2290 today. Take the time to have the following items on hand to make filing as quick and easy as possible.
  • Business name & address
  • EIN (Employer Identification Number)
  • VIN (Vehicle Identification Number)
  • Gross Taxable Weight
  • Authorized Signatory Details
Read More »

up-arrow-icon