ROCK HILL, SC / ACCESSWIRE / August 10, 2021 / For most truckers, the deadline to renew the 2290 Schedule 1 for the 2021-22 tax period is August 31st, 2021. It is time to begin filing Form 2290 and making HVUT payments.
Heavy Vehicle Use Tax (HVUT) payment is required by the IRS for all commercial vehicles that weigh 55,000 pounds or more and must be reported using Form 2290. The IRS provides several methods for truckers to conveniently make their HVUT payment.
ExpressTruckTax offers a quick and convenient e-filing process for Form 2290 that takes the stress out of your IRS filing. It also provides the flexibility for users to determine how they would like to pay the IRS.
Electronic Funds Withdrawal (EFW) Payments
An Electronic Funds Withdrawal is a direct debit option that is offered to those using an 2290 e-file provider and tax professionals filing federal tax returns.
The IRS does not charge any additional fees to use this method and the payment will be withdrawn within 1 or 2 business days from the bank account. The banking account and routing numbers are required for the IRS to make this withdrawal.
ExpressTruckTax offers EFW to make filing the Form 2290 easy and efficient. With this method, HVUT payment can be withdrawn automatically by the IRS with no additional steps required.
Electronic Federal Tax Payment Systems (EFTPS)
The HVUT can be paid with the Electronic Federal Tax Payment Systems (EFTPS), a free system that is offered by the U.S. Department of Treasury. This payment system was created to make paying federal taxes simpler and easier.
Additional steps after filing are required when choosing this option.To use this program, an account must be created on the EFTPS website. To ensure security, EFTPS requires three pieces of identification: Taxpayer Identification Number (EIN or SSN), Person Identification Number (PIN), and internet password.
Debit and Credit Card Payments
This year the IRS is allowing truckers to make HVUT payments with a Debit or Credit Card. The IRS uses third-party processors to receive payments from Debit and Credit cards.
Using this payment method requires additional steps and service fees after filing since the IRS will not charge the cards directly. Depending on the card type and payment amount, the IRS offers different processing options. It is up to the filer to decide which processor option offers the best fees for them.
Payment by Check or Money Order
When paying the HVUT with a check or money order, the tax payment must be sent to the IRS by mail with the Form 2290-V payment voucher .
The check or money order must include the name and address of filer, a valid phone number, SSN or EIN, tax year, and Form 2290-V payment voucher along with the payment.
ExpressTruckTax provides the Form 2290-V payment voucher for filers who prefer to pay by check or money order. They can simply download the Form 2290-V and follow the instructions provided to mail the payment with the IRS.
ExpressTruckTax offers the ability to choose any of these payment methods when filing the Form 2290, making HVUT payment quick and easy. Depending on the option chosen, additional steps may be required to pay the Heavy Vehicle Use Tax.
Agie Sundaram, the CEO of SPAN Enterprises says, "ExpressTruckTax has been the market-leading Form 2290 e-file provider for over 10 years because of our dedication to helping our clients through the entire process of filing Form 2290 and making the HVUT payment. Our live and locally-based customer support team will always be there to answer any of your questions."
After e-filing the Form 2290 with ExpressTruckTax, clients will be sent their stamped Schedule 1 by email once it is accepted by the IRS. The deadline to file Form 2290 and make the HVUT payment is August 31st, 2021. Truckers, tax professionals, service providers, and anyone else who needs to file can go to the ExpressTruckTax website to file their Form 2290 now.
About SPAN Enterprises:
Since 2009, SPAN Enterprises has served trucking industry professionals with innovative cloud-based software solutions including ExpressTruckTax, TruckLogics, and ExpressIFTA. Hundreds of thousands of truckers look to SPAN Enterprises for affordable prices and excellent customer support. Additional SPAN Enterprises products include TaxBandits, PayWow, ACAWise, 123PayStubs, ExpressExtension, ExpressEFile, and ExpressTaxExempt.
These simplified tax and payroll products have revitalized the process of paying contractors and employees, staying ACA compliant, and e-filing business-related taxes. From their Rock Hill, SC office, SPAN Enterprises works every day toward a better future full of possibilities for every one of their clients. For more information about SPAN Enterprises, visit http://www.spanenterprises.com/.
Contact
Kayleigh Schneider | Marketing
ExpressTruckTax
704.234.6005
SOURCE: ExpressTruckTax
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