Trucking isn't an easy business. You have many things to be concerned about, like gasoline prices, maintenance, salaries, government-mandated benefits, insurance, making sure that merchandise is transported and arrived safely, miscellaneous bills, and the like. These things use up lots of time and money. Now include the various kinds of taxes, including State and Federal taxes. One of these taxes is the filling of IRS Form 2290, the highway heavy use tax that covers trucks and trailers, plus various other heavy vehicles with a weight of no less than 55,000 lbs.
There are actually exemptions for the rule. A few of these include:
a) Truckers whose heavy trucks and trailers that only go under 5,500 miles a year
b) Agricultural vehicles (ex. Agricultural rigs that go under 7,500 miles)
c) Charitable or government vehicles (Red Cross vehicles for instance)
d) Trucks and trailers used for volunteer purposes
Trucks and trailers, plus other heavy vehicles that don't fit in these categories will all require IRS 2290 filing. Thanks to the abovementioned daily worries that trucking companies handle, several have sought ways to make the filing procedure more convenient. A few of the more popular options for filing them without the need to line up at your local IRS office for hours to get the form, and pay the taxes include:
- One of the most popular ways is getting hired specialists who could handle the filing for them. Getting a specialist to deal with the filing can go a long way in aiding you and the trucking firm. A perk is that they are usually more aware of the ins and outs of filing the taxes, including tax preparation, insurance, registration, safety, and dispatch. While you do need to pay fees to them, all you have to do is wait for them to complete the work, hence allowing you to spend time running your business.
- Another way for making your life much simpler when filing an IRS Form 2290 is by going online. This simply requires getting the form from the IRS website, filing the required information on the form, and paying those fees. Afterwards, simply print and scan your receipt, then send it with the form to the IRS office. You should look into this option if you are adamant about doing this yourself but must have it done fast.
- If you aren't secure with filing them online, you could send them by snail mail. The advantage of this is that there's no need to be worried about doing the work wrong while filing online, and paying fees to hire specialists to rectify the error. There's a hitch - you will have to file it a lot earlier because it usually takes longer to arrive at the IRS office.
These are just some ways in making life a lot easier when doing your IRS 2290 filing. Before thinking about the choices stated earlier, think about a few questions in order to really evaluate which way is best for you. They include how much time you have to deal with it yourself, how at ease are you with carrying out tax transactions on the internet, or if you are prepared to pay a different person to get the work done or not. Regardless, make sure you could answer these honestly before deciding on either hiring someone, doing the work on the internet, or sending it by snail mail.
Marina is a trucking business owner who has had several years experience in the business and in filing the IRS
form 2290. If you wish to know more on how you can make filing much easier, read up about
irs 2290 filing.
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