14-15 2290 & 2nd Quarter Filing Period Now Open!

2nd Quarter Filing Period for IFTA (International Fuel Tax Agreement), KYU (Kentucky Use Tax), New Mexico Weight Distance Tax, and NY HUT (New York Highway Use Tax) is now open. The deadline for 2nd quarter filing is July 1, 2014 and we encourage you not to wait until the last minute to file.

The filing period for the 2014-2015 Form 2290 tax year is also open. Each Heavy Highway Vehicle weighing 55,000 pounds or more must file Heavy Vehicle Use Tax on an annual basis using Form 2290. The filing period opens today, July 1st and the deadline to file is August 31st.

As a premier processing agency, Truck Services of North America can assist with your your IFTA, NY HUT, KYU, and New Mexico Taxes as well as filing your Form 2290 over the phone.  We can help you obtain the necessary credentials and file your quarterly taxes for you.

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2290 Filing Period for 2014-2015 Tax Almost Here - PreFile Now!

The Form 2290 filing period for HVUT 2014-2015 tax year opens July 1st. Each Heavy Highway Vehicle weighing 55,000 pounds or more must file Heavy Vehicle Use Tax on an annual basis using Form 2290. The deadline is August 31st, beat the rush & prefile with Truck Services of North America.

A Vehicle is considered to be a taxable vehicle if it was operating on public roads between the tax periods of July through June. A vehicle is also considered to be taxable if it has a taxable gross weight of at least 55,000 pounds and travels at least 5,000 miles during the tax period (7,500 miles if used for agriculture).

As a premier processing agency, Truck Services of North America can file your Form 2290 Heavy Highway Use Tax for you. Just give a call at 803.386.0320 and have the following information:

• Business Details
• EIN, Employer Identification Number
• (VIN), Vehicle Identification Number
• Gross Weight of the Vehicle (Combined with maximum load)
• Form of IRS payment,  either Electronic Funds Withdrawal (EFT), Electronic Federal Tax Payment System (EFTPS) or Check/Money Order

Once we receive your signed authorization form via fax or email, we file your return and send you a copy of your Stamped Schedule 1. We can even send it to your employer for you!

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Form 2290 Credit Vehicles

IRS Form 2290, Highway Heavy Vehicle Use Tax claiming credit for the following scenarios:

• You can take credit for the vehicle if it was stolen, destroyed or sold before June 1 and not used during the remainder of the period, or
• Used during the prior period 5,000 miles or less (7,500 miles or less for agricultural vehicles).

A credit, lower tax, exemption, or refund is not allowed for an occasional light or decreased load or a discontinued or changed use of the vehicle.  What that means is if you filed your Form 2290 at 80,000 lbs, but had occasions where you operated at a lower weight class, that will not qualify you for a credit.  If you used your vehicle for only a portion of the tax year, you will qualify for the credit IF you did not exceed 5,000 miles (7,500 miles for agricultural vehicles).  If you did travel more than 5,000 miles (7,500 miles for agricultural vehicles) then you will NOT qualify for the credit.

The credit for vehicles that were stolen, destroyed or sold during the tax year will be prorated based on the dates of the occurrence.  For vehicles sold, destroyed or stolen, you must include the VIN, taxable gross weight, and date of sale, accident or theft. The credit for the tax paid can be claimed on the next Form 2290 filed or the refund can be claimed on Form 8849.  You do not have to wait until the tax period ends.

The credit for low mileage vehicles you either qualify for it and you will get the full amount that you paid as a credit or you will not qualify and you will not get any portion of the credit.  This credit is never prorated. For vehicles that tax was paid and the vehicles were used 5,000 miles or less (7,500 miles or less for agricultural vehicles), the credit (or refund) cannot be claimed until the end of the tax period for which the initial tax was paid.  Even if you know at some point during the tax year that you will not exceed the 5,000 mile mark, you will not be able to claim the credit until the tax period ends, which ended on June 30th.

The credit claimed cannot exceed the tax reported on Form 2290. If this occurs, any excess credit must be claimed using Form 8849, Claim for Refund of Excise Taxes, and Schedule 6, Other Claims.

As a premier processing agency, Truck Services of North America can file your Form 2290 Heavy Highway Use Tax and Form 8849 for you.  TSNA takes the paperwork out of your way! Check out all our services at TSNAmerica.com and fill out the Service Request Form, email us at support@TSNAmerica.com or call 803.386.0320.

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Reminder: Form 2290 Deadline In One Week for Vehicles First Used in July

Not only does August 31st mark the regular deadline for the 2013-2014 Heavy Vehicle Use Tax year, but if you first placed your vehicle on the road anytime during the month of July, the deadline to file your Form 2290 is August 31st, one week away. Since August 31st falls on a Saturday this year and IRS will be closed Monday, September 2nd for Labor Day, the deadline is Tuesday, September 3rd.

A Vehicle is considered to be a taxable vehicle if it was operating on public roads between the tax periods of July through June. A vehicle is also considered to be taxable if it has a taxable gross weight of at least 55,000 pounds and travels at least 5,000 miles during the tax period (7,500 miles if used for agriculture).

Just give Truck Services of North America a call at 803.386.0320 and have your business details, including EIN, Vehicle Identification Number (VIN), and Gross Weight of the Vehicle (Combined with maximum load) and form of IRS payment,  either Electronic Funds Withdrawal (EFT), Electronic Federal Tax Payment System (EFTPS) or Check/Money Order and we take care of the rest.

Be sure to get this filed today to avoid possible IRS penalties. As a premier processing agency, Truck Services of North America can file your Form 2290 Heavy Highway Use Tax for you.  TSNA takes the paperwork out of your way! Check out all our services at TSNAmerica.com and fill out the Service Request Form, email us at support@TSNAmerica.com or call 803.386.0320.

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What Is Form 2290 and Who Has To File?

What is HUVT?

HVUT is the Heavy Vehicle Use Tax that is a fee assessed annually on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. The gross taxable weight of a vehicle is determined by adding the unloaded weight of the motor vehicle and any trailers together with the maximum load customarily carried on-road by the truck-trailer combination.

Who Must File?

You must file Form 2290 for the tax period beginning on July 1, 2013, and ending on June 30, 2014, if a taxable highway motor vehicle 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.  The deadline to file is August 31, 2013.

What is Required?

You need the details of your business - Business Name (Sole proprietor can use their legal name) and address, EIN (Employer Identification Number) , details of the authorized signatory.

You need the details of your vehicle - Vehicle Identification Number (VIN) and Gross weight of the Vehicle

If you are going to pay the IRS by direct debit, keep the routing number and the account number ready.

When to File?

Heavy Vehicle Use Taxes must be filed using the Form 2290 on an annual basis. The Tax period for Heavy Vehicles begins on July 1st and ends on June 30th of the following year. The annual renewal of your Form 2290 for a new tax period IS DUE BY August 31st each year.

For new vehicles placed in service, the IRS Form 2290 must be filed by the last day of the month following the month of first use. For example, if you purchase and first use a vehicle in August, you must file a Form 2290 by the end of September.

As a premier processing agency, Truck Services of North America can file your Form 2290 Heavy Highway Use Tax for you.  TSNA takes the paperwork out of your way! Check out all our services at TSNAmerica.com and fill out the Service Request Form, email us at support@TSNAmerica.com or call 803.386.0320.

Read More »

Form 2290 Credit Vehicles

IRS Form 2290, Highway Heavy Vehicle Use Tax claiming credit for the following scenarios:

• You can take credit for the vehicle if it was stolen, destroyed or sold before June 1 and not used during the remainder of the period, or
• Used during the prior period 5,000 miles or less (7,500 miles or less for agricultural vehicles).

A credit, lower tax, exemption, or refund is not allowed for an occasional light or decreased load or a discontinued or changed use of the vehicle.  What that means is if you filed your Form 2290 at 80,000 lbs, but had occasions where you operated at a lower weight class, that will not qualify you for a credit.  If you used your vehicle for only a portion of the tax year, you will qualify for the credit IF you did not exceed 5,000 miles (7,500 miles for agricultural vehicles).  If you did travel more than 5,000 miles (7,500 miles for agricultural vehicles) then you will NOT qualify for the credit.

The credit for vehicles that were stolen, destroyed or sold during the tax year will be prorated based on the dates of the occurrence.  For vehicles sold, destroyed or stolen, you must include the VIN, taxable gross weight, and date of sale, accident or theft. The credit for the tax paid can be claimed on the next Form 2290 filed or the refund can be claimed on Form 8849.  You do not have to wait until the tax period ends.

The credit for low mileage vehicles you either qualify for it and you will get the full amount that you paid as a credit or you will not qualify and you will not get any portion of the credit.  This credit is never prorated. For vehicles that tax was paid and the vehicles were used 5,000 miles or less (7,500 miles or less for agricultural vehicles), the credit (or refund) cannot be claimed until the end of the tax period for which the initial tax was paid.  Even if you know at some point during the tax year that you will not exceed the 5,000 mile mark, you will not be able to claim the credit until the tax period ends, which ended on June 30th.

The credit claimed cannot exceed the tax reported on Form 2290. If this occurs, any excess credit must be claimed using Form 8849, Claim for Refund of Excise Taxes, and Schedule 6, Other Claims.

As a premier processing agency, Truck Services of North America can file your Form 2290 Heavy Highway Use Tax and Form 8849 for you.  TSNA takes the paperwork out of your way! Check out all our services at TSNAmerica.com and fill out the Service Request Form, email us at support@TSNAmerica.com or call 803.386.0320.

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2290 Filing Period for 2013-2014 Tax Year Now Open

The filing period for HVUT 2013-2014 tax year is underway. Each Heavy Highway Vehicle weighing 55,000 pounds or more must file Heavy Vehicle Use Tax on an annual basis using Form 2290. The Filing period for this tax began, July 1st and the deadline is August 31st.

A Vehicle is considered to be a taxable vehicle if it was operating on public roads between the tax periods of July through June. A vehicle is also considered to be taxable if it has a taxable gross weight of at least 55,000 pounds and travels at least 5,000 miles during the tax period (7,500 miles if used for agriculture).

As a premier processing agency, Truck Services of North America can file your Form 2290 Heavy Highway Use Tax for you. Just give a call at 803.386.0320 and have the following information: 

• Business Details 
• EIN, Employer Identification Number
• VIN, Vehicle Identification Number 
• Gross Weight of the Vehicle (Combined with maximum load) 
• Form of IRS payment,  either Electronic Funds Withdrawal (EFT), Electronic Federal Tax Payment System (EFTPS) or Check/Money Order

Once we receive your signed authorization form, we handle the rest.  TSNA takes the paperwork out of your way. Check out all our services at TSNAmerica.com and fill out the Service Request Form, email us at support@TSNAmerica.com or call 803.386.0320.

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What You Need to File Form 2290

Each vehicle weighing 55,000 pounds or more must file Form 2290 for Heavy Vehicle Use Tax on an annual basis. The tax year begins on July 1st and ends on June 30th of the following year.

A Vehicle is considered to be a taxable vehicle if it was operating on public roads between the tax periods of July through June. A vehicle is also considered to be taxable if it has a taxable gross weight of at least 55,000 pounds and travels at least 5,000 miles during the tax period (7,500 miles if used for agriculture).

Just give a call at 803.386.0320 and have the following information:

• Business Details 
• EIN, Employer Identification Number
• (VIN), Vehicle Identification Number 
• Gross Weight of the Vehicle (Combined with maximum load) 
• Form of IRS payment,  either Electronic Funds Withdrawal (EFT), Electronic Federal Tax Payment System (EFTPS) or Check/Money Order

As a premier processing agency, Truck Services of North America can file your Form 2290 Heavy Highway Use Tax for you.  TSNA takes the paperwork out of your way! Check out all our services at TSNAmerica.com and fill out the Service Request Form, email us at support@TSNAmerica.com or call 803.386.0320.

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Stamped Schedule 1

The Stamped Schedule 1 is proof that you filed Form 2290 and is required in order to register a vehicle. If you mail the Form 2290 to the IRS, it can take 4-6 weeks before it is processed.  If you choose to physically take to the IRS, the nearest office may be many miles away. There can also be very long waiting period at the IRS office of up to several hours.

Instead of waiting for hours or up to 6 weeks for the IRS to stamp your Schedule 1 and send it back to you, contact Truck Services of North America and we will get your Stamped Schedule 1 within minutes of filing.

Although the Schedule 1 will not be physically stamped, the official E-File watermark serves as an official IRS stamp.

As a premier processing agency, Truck Services of North America can file your Form 2290 Heavy Highway Use Tax and get your Stamped Schedule 1 for you within minutes.  TSNA takes the paperwork out of your way. Check out all our services at TSNAmerica.com and fill out the Service Request Form, email us at support@TSNAmerica.com or call 803.386.0320.

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2013-2014 Form 2290 HVUT Tax Year Filing Period Now Open

The 2013-2013 Heavy Vehicle Use Tax Year has begun. Each Heavy Highway Vehicle weighing 55,000 pounds or more must be filed for on an annual basis using Form 2290. The Filing period for this tax began, July 1st and ends on August 31st.

A Vehicle is considered to be a taxable vehicle if it was operating on public roads between the tax periods of July through June. A vehicle is also considered to be taxable if it has a taxable gross weight of at least 55,000 pounds and travels at least 5,000 miles during the tax period (7,500 miles if used for agriculture).

Just give Truck Services of North America a call at 803.386.0320 and have your business details, including EIN, Vehicle Identification Number (VIN), and Gross Weight of the Vehicle (Combined with maximum load) and form of IRS payment,  either Electronic Funds Withdrawal (EFT), Electronic Federal Tax Payment System (EFTPS) or Check/Money Order and we take care of the rest.

As a premier processing agency, Truck Services of North America can file your Form 2290 Heavy Highway Use Tax for you.  TSNA takes the paperwork out of your way! Check out all our services at TSNAmerica.com and fill out the Service Request Form, email us at support@TSNAmerica.com or call 803.386.0320.

Read More »