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:
- Payment Voucher: This method is used if you want to pay your taxes by mailing in a check. Simply print the voucher, write a check with the tax amount due, and mail it off to the U.S. Treasury.
- Bank Account: To pay by bank account, type in your routing and account number. The website will also ask you for your bank name, account type (checking or savings), and phone number.
- Electronic Federal Tax Payment System (EFTPS): This is a government website where you can schedule most federal tax payments. Payments by EFTPS can be made both online or over the phone. We do not recommend this method of payment if you do not already have an existing EFTPS account. You can always register for an EFTPS account at www.eftps.gov or by calling (800) 555-4477.
- Credit Card: This is a new option to our website. Customers can now pay with a Visa or Mastercard. This feature has a 5% non-refundable convenience fee attached to it.
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.
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.
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.
The IRS recently published the “Dirty Dozen” tax schemes that they are seeing most commonly this year. Below I’ve simplified and highlighted the key elements in these scams. Just remember that if it looks too good to be true it probably is. Play it safe and keep reading to learn how to protect yourself from these scams.