IRS 2290 & IFTA made easy

ExpressTruckTax.com

TABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTSTABLE OF CONTENTS

PurposePurposePurposePurposeWhat is a Schedule 1?What is a Schedule 1?What is a Schedule 1?What is a Schedule 1?When When When When to file?to file?to file?to file?How to eHow to eHow to eHow to e----file Tax 2290?file Tax 2290?file Tax 2290?file Tax 2290?How to eHow to eHow to eHow to e----file Tax 2290?file Tax 2290?file Tax 2290?file Tax 2290?Benefits of Benefits of Benefits of Benefits of eeee----filingfilingfilingfilingWhy use Why use Why use Why use ExpressTruckTaxExpressTruckTaxExpressTruckTaxExpressTruckTax????

PURPOSEPURPOSEPURPOSEPURPOSE

A Form 2290 and Schedule 1 must be filed A Form 2290 and Schedule 1 must be filed A Form 2290 and Schedule 1 must be filed A Form 2290 and Schedule 1 must be filed for the tax period beginning July 1, 2012, for the tax period beginning July 1, 2012, for the tax period beginning July 1, 2012, for the tax period beginning July 1, 2012, and ending on June 30, 2013, if a taxable and ending on June 30, 2013, if a taxable and ending on June 30, 2013, if a taxable and ending on June 30, 2013, if a taxable highway motor vehicle (defined below) is highway motor vehicle (defined below) is highway motor vehicle (defined below) is highway motor vehicle (defined below) is registered, or required to be registered, in registered, or required to be registered, in registered, or required to be registered, in registered, or required to be registered, in registered, or required to be registered, in registered, or required to be registered, in registered, or required to be registered, in registered, or required to be registered, in your name under state, District of your name under state, District of your name under state, District of your name under state, District of Columbia, Canadian, or Mexican law at the Columbia, Canadian, or Mexican law at the Columbia, Canadian, or Mexican law at the Columbia, Canadian, or Mexican law at the time of its first use during the period and time of its first use during the period and time of its first use during the period and time of its first use during the period and the vehicle has a taxable gross weight of the vehicle has a taxable gross weight of the vehicle has a taxable gross weight of the vehicle has a taxable gross weight of 55,000 pounds or more.55,000 pounds or more.55,000 pounds or more.55,000 pounds or more.

SCHEDULE 1SCHEDULE 1SCHEDULE 1SCHEDULE 1• Tax payer must file schedule 1 along with form 2290 to Tax payer must file schedule 1 along with form 2290 to Tax payer must file schedule 1 along with form 2290 to Tax payer must file schedule 1 along with form 2290 to

the IRS. IRS will return the schedule 1 with IRS the IRS. IRS will return the schedule 1 with IRS the IRS. IRS will return the schedule 1 with IRS the IRS. IRS will return the schedule 1 with IRS Electronic watermark with a timestamp.Electronic watermark with a timestamp.Electronic watermark with a timestamp.Electronic watermark with a timestamp.

• To report all vehicles for which you are reporting tax To report all vehicles for which you are reporting tax To report all vehicles for which you are reporting tax To report all vehicles for which you are reporting tax (including an increase in taxable gross weight) and those (including an increase in taxable gross weight) and those (including an increase in taxable gross weight) and those (including an increase in taxable gross weight) and those that you are reporting suspension of the tax by category that you are reporting suspension of the tax by category that you are reporting suspension of the tax by category that you are reporting suspension of the tax by category and vehicle identification number (VIN).and vehicle identification number (VIN).and vehicle identification number (VIN).and vehicle identification number (VIN).

• Proof of payment for state registration. Generally, states Proof of payment for state registration. Generally, states Proof of payment for state registration. Generally, states Proof of payment for state registration. Generally, states will require verification of payment of the tax for any will require verification of payment of the tax for any will require verification of payment of the tax for any will require verification of payment of the tax for any taxable vehicle before they will register the vehicle.taxable vehicle before they will register the vehicle.taxable vehicle before they will register the vehicle.taxable vehicle before they will register the vehicle.

• Use the stamped copy of Schedule 1 as proof of Use the stamped copy of Schedule 1 as proof of Use the stamped copy of Schedule 1 as proof of Use the stamped copy of Schedule 1 as proof of payment when:payment when:payment when:payment when:

§ Registering vehicles with the state, or§ Entering a Canadian or Mexican vehicle into the United states

SAMPLE WATERMARKED SCHEDULE 1SAMPLE WATERMARKED SCHEDULE 1SAMPLE WATERMARKED SCHEDULE 1SAMPLE WATERMARKED SCHEDULE 1

WHEN TO FILE?WHEN TO FILE?WHEN TO FILE?WHEN TO FILE?

• Current HVUT Tax Period is July 1,2012 Current HVUT Tax Period is July 1,2012 Current HVUT Tax Period is July 1,2012 Current HVUT Tax Period is July 1,2012 ––––June 30, 2013June 30, 2013June 30, 2013June 30, 2013

• Form 2290 must be filed for each month a Form 2290 must be filed for each month a Form 2290 must be filed for each month a Form 2290 must be filed for each month a taxable vehicle is first used on public taxable vehicle is first used on public taxable vehicle is first used on public taxable vehicle is first used on public taxable vehicle is first used on public taxable vehicle is first used on public taxable vehicle is first used on public taxable vehicle is first used on public highways during the current tax period.highways during the current tax period.highways during the current tax period.highways during the current tax period.

• Form 2290 must be filed by the last day of Form 2290 must be filed by the last day of Form 2290 must be filed by the last day of Form 2290 must be filed by the last day of the month following the month of first use. the month following the month of first use. the month following the month of first use. the month following the month of first use.

• The filing rules apply both for paying the tax The filing rules apply both for paying the tax The filing rules apply both for paying the tax The filing rules apply both for paying the tax or reporting suspension of the tax.or reporting suspension of the tax.or reporting suspension of the tax.or reporting suspension of the tax.

HOW TO FILE?HOW TO FILE?HOW TO FILE?HOW TO FILE?Electronic (eElectronic (eElectronic (eElectronic (e----file) file) file) file) § EEEE----file is required for owners with 25 file is required for owners with 25 file is required for owners with 25 file is required for owners with 25 or more vehiclesor more vehiclesor more vehiclesor more vehicles§ Through any electronic return originator (ERO), Through any electronic return originator (ERO), Through any electronic return originator (ERO), Through any electronic return originator (ERO), transmitter, and/or intermediate service provider (ISP) transmitter, and/or intermediate service provider (ISP) transmitter, and/or intermediate service provider (ISP) transmitter, and/or intermediate service provider (ISP) participating in the IRS participating in the IRS participating in the IRS participating in the IRS eeee----filefilefilefile program for excise taxes. program for excise taxes. program for excise taxes. program for excise taxes.

Paper Paper Paper Paper Paper Paper Paper Paper §Mail Form 2290 to the address shown under Mail Form 2290 to the address shown under Mail Form 2290 to the address shown under Mail Form 2290 to the address shown under Where To FileWhere To FileWhere To FileWhere To File. . . . If you did not pay the tax using If you did not pay the tax using If you did not pay the tax using If you did not pay the tax using Electronic Funds Withdraw Electronic Funds Withdraw Electronic Funds Withdraw Electronic Funds Withdraw (EFT) or the (EFT) or the (EFT) or the (EFT) or the Electronic Federal Tax Payment System Electronic Federal Tax Payment System Electronic Federal Tax Payment System Electronic Federal Tax Payment System (EFTPS), mail Form 2290(EFTPS), mail Form 2290(EFTPS), mail Form 2290(EFTPS), mail Form 2290----V and your check or money V and your check or money V and your check or money V and your check or money order with Form 2290 order with Form 2290 order with Form 2290 order with Form 2290

BENEFITS OF EBENEFITS OF EBENEFITS OF EBENEFITS OF E----FILINGFILINGFILINGFILING• Very easy to use Very easy to use Very easy to use Very easy to use –––– user friendlyuser friendlyuser friendlyuser friendly• History of data History of data History of data History of data ---- Easily Easily Easily Easily import previous years import previous years import previous years import previous years

detailsdetailsdetailsdetails• No math required No math required No math required No math required ---- Accurate calculationsAccurate calculationsAccurate calculationsAccurate calculations• Get Schedule 1 within minutes Get Schedule 1 within minutes Get Schedule 1 within minutes Get Schedule 1 within minutes ---- No need to No need to No need to No need to

wait for days/monthswait for days/monthswait for days/monthswait for days/months• Accessibility over the internet Accessibility over the internet Accessibility over the internet Accessibility over the internet –––– Save and Save and Save and Save and

Continue your returns any timeContinue your returns any timeContinue your returns any timeContinue your returns any time• Easy Easy Easy Easy print print print print for your referencefor your referencefor your referencefor your reference• Download final copy any time for future Download final copy any time for future Download final copy any time for future Download final copy any time for future

referencereferencereferencereference• Questions Questions Questions Questions –––– call customer service 24/7 call customer service 24/7 call customer service 24/7 call customer service 24/7

WHY EWHY EWHY EWHY E----FILE WITH FILE WITH FILE WITH FILE WITH ExpressTruckTax.comExpressTruckTax.comExpressTruckTax.comExpressTruckTax.com????

ExpressTruckTax.com is a sophisticated application that ExpressTruckTax.com is a sophisticated application that ExpressTruckTax.com is a sophisticated application that ExpressTruckTax.com is a sophisticated application that has lots of features builthas lots of features builthas lots of features builthas lots of features built----in. ExpressTruckTax.com in. ExpressTruckTax.com in. ExpressTruckTax.com in. ExpressTruckTax.com supports all scenarios; Taxable Vehicles, Suspended supports all scenarios; Taxable Vehicles, Suspended supports all scenarios; Taxable Vehicles, Suspended supports all scenarios; Taxable Vehicles, Suspended Vehicles, Prior Year Suspended Vehicles, Vehicles, Prior Year Suspended Vehicles, Vehicles, Prior Year Suspended Vehicles, Vehicles, Prior Year Suspended Vehicles, Sold/Destroyed/Stolen credits and Low Mileage Credits.Sold/Destroyed/Stolen credits and Low Mileage Credits.Sold/Destroyed/Stolen credits and Low Mileage Credits.Sold/Destroyed/Stolen credits and Low Mileage Credits.

ExpressTruckTax.com is a smart application; it will ExpressTruckTax.com is a smart application; it will ExpressTruckTax.com is a smart application; it will ExpressTruckTax.com is a smart application; it will generate Form 8849 and Claim of Excise Taxes when the generate Form 8849 and Claim of Excise Taxes when the generate Form 8849 and Claim of Excise Taxes when the generate Form 8849 and Claim of Excise Taxes when the credits exceed the tax due on the Form 2290.credits exceed the tax due on the Form 2290.credits exceed the tax due on the Form 2290.credits exceed the tax due on the Form 2290.credits exceed the tax due on the Form 2290.credits exceed the tax due on the Form 2290.credits exceed the tax due on the Form 2290.credits exceed the tax due on the Form 2290.

ExpressTruckTax.com has the sleek and simple interface ExpressTruckTax.com has the sleek and simple interface ExpressTruckTax.com has the sleek and simple interface ExpressTruckTax.com has the sleek and simple interface that can help you file your Form 2290, Form 8849 and that can help you file your Form 2290, Form 8849 and that can help you file your Form 2290, Form 8849 and that can help you file your Form 2290, Form 8849 and Form 2290 Amendment in minutes. Form 2290 Amendment in minutes. Form 2290 Amendment in minutes. Form 2290 Amendment in minutes.

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WHY EWHY EWHY EWHY E----FILE WITH FILE WITH FILE WITH FILE WITH ExpressTruckTax.com?ExpressTruckTax.com?ExpressTruckTax.com?ExpressTruckTax.com?

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• Accurate Accurate Accurate Accurate tax calculation: No calculators or tax calculation: No calculators or tax calculation: No calculators or tax calculation: No calculators or • Accurate Accurate Accurate Accurate tax calculation: No calculators or tax calculation: No calculators or tax calculation: No calculators or tax calculation: No calculators or spreadsheets for you. You punch in the data, we spreadsheets for you. You punch in the data, we spreadsheets for you. You punch in the data, we spreadsheets for you. You punch in the data, we do the math.do the math.do the math.do the math.

• EasyEasyEasyEasy----totototo----use system: Contextual help windows use system: Contextual help windows use system: Contextual help windows use system: Contextual help windows and and and and videos walk you through the process. We’ve videos walk you through the process. We’ve videos walk you through the process. We’ve videos walk you through the process. We’ve done everything possible to make taxes done everything possible to make taxes done everything possible to make taxes done everything possible to make taxes less…taxing.less…taxing.less…taxing.less…taxing.

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• Quick Quick Quick Quick credits: While filing your Form 2290, our credits: While filing your Form 2290, our credits: While filing your Form 2290, our credits: While filing your Form 2290, our system can identify credits and help you system can identify credits and help you system can identify credits and help you system can identify credits and help you quickly and easily file Form 8849, so you get quickly and easily file Form 8849, so you get quickly and easily file Form 8849, so you get quickly and easily file Form 8849, so you get your money back faster.your money back faster.your money back faster.your money back faster.

• FREE Amendments: Our FREE Amendments: Our FREE Amendments: Our FREE Amendments: Our system allows you to system allows you to system allows you to system allows you to make quick amendments to your filing to insure make quick amendments to your filing to insure make quick amendments to your filing to insure make quick amendments to your filing to insure make quick amendments to your filing to insure make quick amendments to your filing to insure make quick amendments to your filing to insure make quick amendments to your filing to insure that you send the most accurate information to that you send the most accurate information to that you send the most accurate information to that you send the most accurate information to the IRSthe IRSthe IRSthe IRS....

• Industry Experience: No one has more Industry Experience: No one has more Industry Experience: No one has more Industry Experience: No one has more experience with excise tax eexperience with excise tax eexperience with excise tax eexperience with excise tax e----filing than we do. filing than we do. filing than we do. filing than we do. Our team wrote the book on eOur team wrote the book on eOur team wrote the book on eOur team wrote the book on e---- filing these filing these filing these filing these forms. We know this stuff inside and out, and forms. We know this stuff inside and out, and forms. We know this stuff inside and out, and forms. We know this stuff inside and out, and we’re just a click or call away.we’re just a click or call away.we’re just a click or call away.we’re just a click or call away.

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• VIN correction: Vehicle identification VIN correction: Vehicle identification VIN correction: Vehicle identification VIN correction: Vehicle identification numbers can be as long as 17 digits. Mistype numbers can be as long as 17 digits. Mistype numbers can be as long as 17 digits. Mistype numbers can be as long as 17 digits. Mistype a single one, and it can mess up your filing. a single one, and it can mess up your filing. a single one, and it can mess up your filing. a single one, and it can mess up your filing. Make quick and easy corrections with Make quick and easy corrections with Make quick and easy corrections with Make quick and easy corrections with EEEExpressTruckTaxxpressTruckTaxxpressTruckTaxxpressTruckTax. And it is always free with . And it is always free with . And it is always free with . And it is always free with ExpressTruckTax.com.ExpressTruckTax.com.ExpressTruckTax.com.ExpressTruckTax.com.ExpressTruckTax.com.ExpressTruckTax.com.ExpressTruckTax.com.ExpressTruckTax.com.

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• Support Options: We are available via phone, Support Options: We are available via phone, Support Options: We are available via phone, Support Options: We are available via phone, email and chat.email and chat.email and chat.email and chat.

HOW TO PAY THE TAXES TO IRSHOW TO PAY THE TAXES TO IRSHOW TO PAY THE TAXES TO IRSHOW TO PAY THE TAXES TO IRSEEEE----Filing 2290 allows the filer to send the payments by any Filing 2290 allows the filer to send the payments by any Filing 2290 allows the filer to send the payments by any Filing 2290 allows the filer to send the payments by any

one of the following ways:one of the following ways:one of the following ways:one of the following ways:§ Direct Debit (Electronic Funds Withdrawal)Direct Debit (Electronic Funds Withdrawal)Direct Debit (Electronic Funds Withdrawal)Direct Debit (Electronic Funds Withdrawal)§Bank account number and routing number must be Bank account number and routing number must be Bank account number and routing number must be Bank account number and routing number must be entered and IRS will initiate the withdrawalentered and IRS will initiate the withdrawalentered and IRS will initiate the withdrawalentered and IRS will initiate the withdrawal

§ EFTPSEFTPSEFTPSEFTPS§ The filers can send the money using The filers can send the money using The filers can send the money using The filers can send the money using EFTPS.GovEFTPS.GovEFTPS.GovEFTPS.Gov site. site. site. site. § The filers can send the money using The filers can send the money using The filers can send the money using The filers can send the money using EFTPS.GovEFTPS.GovEFTPS.GovEFTPS.Gov site. site. site. site. They just need to indicate that they have chosen EFTPS They just need to indicate that they have chosen EFTPS They just need to indicate that they have chosen EFTPS They just need to indicate that they have chosen EFTPS when they file 2290. It is the responsibility of the filer to when they file 2290. It is the responsibility of the filer to when they file 2290. It is the responsibility of the filer to when they file 2290. It is the responsibility of the filer to initiate a transactioninitiate a transactioninitiate a transactioninitiate a transaction

§ Check or Money OrderCheck or Money OrderCheck or Money OrderCheck or Money Order§ From 2008, IRS started accepting check or Money order From 2008, IRS started accepting check or Money order From 2008, IRS started accepting check or Money order From 2008, IRS started accepting check or Money order as a mode of payment when eas a mode of payment when eas a mode of payment when eas a mode of payment when e----filing 2290. The filers filing 2290. The filers filing 2290. The filers filing 2290. The filers have to send 2290have to send 2290have to send 2290have to send 2290----v (payment voucher) along with their v (payment voucher) along with their v (payment voucher) along with their v (payment voucher) along with their paymentpaymentpaymentpayment.

EEEE----FILE FLOWFILE FLOWFILE FLOWFILE FLOW

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