Heavy Vehicle Use Tax is a levy on vehicles weighing 55,000 pounds or more. The amount is paid to the government for road maintenance and construction purposes. It is obligatory on all companies, which use the category of heavy vehicles on public roads to file the IRS form 2290. Though it may appear a load, filing a vehicle template to upload information about trucks makes the procedure much easier and simpler. It is an Excel file, which is used to upload automobile or vehicle data into the IRS 2290 filing system. The online forms consist of nine fields used to provide the required information about each motor vehicle, which plies on the road.
E-filing is compulsory for fleet owners operating 25 or more heavy vehicles. IRS requires e-filing returns by all owners and operators. Electronic filing is the process of filing tax returns IRS online and is compulsory for fleet owners reporting for 25 plus motor vehicles during a given period. There are certain e-filing requirements, which include the Employer Identification Number (EIN). This is a nine-digit number assigned by IRS. IRS uses EIN to identify taxpayers who are required to file different business tax returns. EIN fulfills all the requirements or obligations of one business concern.
The e filing of returns provides several benefits. A few of the important remunerations of e-filing include, no data feeding errors like omissions or filing information in the wrong fields. It is fast and easy as well. In case of refund, it takes only two weeks and there are other benefits in the long run as well. The data fed for a scheduled period is or any other information for future need is automatically forwarded to the next scheduled time period. This is useful in case of future returns as there are no hassles of maintaining previous record or data for future reference.
Moreover, you receive and instant acknowledgement. As soon as you complete the filing process, receipt is automatically generated and you can take a print out of it for future reference or in case, you need some information and do not have access to computer and the Internet. You also have 24 x 7 helpline, which you can access anytime in case of need. There is no need for waiting for the office hours even to contact the authorities by phone.
The method is easy and safe as well. There is no risk of security breach as it is protected by stringent online security. You can view your data at any point of time. There cannot be any errors, as the form will simply not be submitted in case of crucial errors. The method is environment friendly as well because there is no use of paper.
The author has extensive knowledge in online or electronic IRS form filling. He provides assistance regarding forms like 2290 and others.
Online IRS form 2290 for highly simplified filing