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Mistakes to avoid while filing your HVUT Tax Return

Last Updated on  November 16, 2020  By  Eform2290 Editorial Team

Did you know the U.S. tax code is nearly 4 million words? That’s a lot of technical jargon, right?. We understand you don’t have enough time while you spend life in transit. You might be an expert in your field but you may end up making the silliest of mistakes when filing your taxes.

Filing your Form 2290 to pay your HVUT can be quite a feat in itself. Despite online filing making things smoother and easier than physically going and standing in the IRS office, there are still a few things you must keep in mind. Here a list of common mistakes and things to keep in mind when filing your HVUT.

1.Math Mistakes

This is especially difficult for those of you who run the other away from Math. Tax calculations can be a pain and drive you nuts at times. One small miscalculation can lead to your form being rejected.

The best way to overcome this is to use online tax calculators that make your life easier. Just provide the required details about your vehicle gross weight and know your tax dues within minutes. Avoid unnecessary mistakes and reduce errors when filing your Form 2290.

2.Incorrect Vehicle Identification Number

Vehicle Identification Number (VIN) is a basic requirement when filing your form. However, VIN is a complex 17 character format that increases room for error.

Incorrect VIN is one of the most common reasons for rejected forms. But, we got you covered. eForm2290 allows you to update your right VIN information and file form 2290 Amendment free of cost in such cases.

3.Employee Identification Number Error

Another common mistake you can make when filing your tax returns is writing your Employee Identification Number (EIN) wrong. If your business name and EIN don’t match with that in the IRS records, your e-form can be rejected.

You will receive a notification regarding the same to your registered email and phone number. Once you receive this message, you can immediately re-submit your rejected filing easily. Just make sure to verify your details with the IRS records by simply calling the IRS help-desk.

4.False Filing

Be aware of how many miles your truck has covered within the tax period on public highways. If your truck has traveled less than 5000 miles in the tax year, you must file your vehicle as suspended. As and when you reach or exceed the 5000 miles limit, file a 2290 amendment and file your tax returns.

Also, make sure you select the current year when you are e-filing your Form 2290. If you enter the previous year, you will end up paying tax for the previous year twice. And you still have to pay tax for the current year. Don’t lose out on your bucks.

5.Missed Numbers

Be extra careful when filing your tax. Missed numbers of incorrect numbers mean rejected forms. If you are e-filing your Form 2290 and making the payment online, be sure to enter the right bank account number.

When you select the Electronic Funds Withdrawal (EFW) option as an IRS tax payment option, enter the right bank account number. Incorrect bank account numbers will lead to declined payment. So be extra cautious as there is no way to verify your bank account number with the IRS.

6.Don’t Stick to the Standard Deductions

The IRS has different standard deductions and tax rates depending on your filing status. The different types of filing status are: single, married filing jointly, married filing separately, qualifying widow(er) or head of household.

Rather than going with the standard deduction, know which bracket you fall under. Calculate your tax returns using the online tax calculator and know your tax rate.

7.Tiring Typos

Ever got your own name wrong? Or maybe your spouse’s name? Not likely to happen? You'd be surprised to know how common this is. While it might not be on purpose if your or your spouse’s name is not matching with that on the Social Security card, the IRS may reject your form.

The same goes for your Social Security number too. We agree a lot of us know our Social Security Number by heart and yet we can enter the wrong SSN by mistake when typing fast. Cross-check your name and SSN with your card to eradicate any mistakes.

8.Gross Weight Gone Faulty

Know your vehicle gross weight before you proceed to e-file your Form 2290. New to the industry and unsure of your truck’s gross weight? Calculate your truck’s taxable gross weight by adding the below:

  • Your vehicle’s definite unloaded weight entirely prepared for service

  • The taxable gross weight of semi trailers or trailers - the definite unloaded weight completely ready for service normally used in combination with the vehicle

  • Usually carried maximum load weight on any trailers, semi-trailers, or vehicles that are normally used in combination with the vehicle

9.Applied for New EIN?

If you’ve applied for a new EIN stay put for two weeks. It usually takes around 2 weeks for your new EIN to be updated in the e-file system. Make note; even if you submit your Form 2290 before 2 weeks, the IRS will reject your form because your new EIN isn’t still updated.

10.Misfiguring Tax Credits or Deductions

Tax credits and deductions can be overwhelming, don’t you agree? Sometimes, even though a credit and deduction might look credible, you might’ve already claimed it. Or maybe you’re restricted from making the claim due to various reasons.

Also, as mentioned earlier know which category you fall under and be aware of your deductions before filing your form.

11.First-Used Month Mismatch

Always remember, the tax year for HVUT begins from July 1 and not January 1 of every calendar year. For all trucks that need to be renewed, by default the first-used month would be July, irrespective of when you’re e-filing the Form 2290.

In case of a new truck, i.e. if you just bought a truck after or before the beginning of the tax year, you’d have to choose the later month. For instance, if you bought a truck in December, your first-used month would be January when filing your tax.

We hope this exhaustive list will act as a checklist for you when you e-file your Form 2290. Nevertheless, despite being extra cautious if your form gets rejected by the IRS, worry not. Re-file your Form 2290 free of cost again and get your Schedule 1 to your mail within minutes.

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