Are you using traditional method to submit HVUT returns to the IRS? Then you may receive IRS Form 2290 Schedule within 4-6 weeks after the IRS accepting the HVUT return. How to get Form 2290 Schedule 1 proof within minutes? Filing Form 2290 HVUT online allows the truckers to get 2290 Schedule proof within minutes.
Getting confused? Don’t worry! We’ll let you know about how to get Form 2290 Schedule 1 proof within minutes. We also provide you information about IRS Form 2290 Schedule 1, identifying IRS authorized Schedule 1.
What is IRS Form 2290 Schedule 1?
IRS Form 2290 used to report Federal Heavy Vehicle Use Tax paid annually to the IRS for operating heavy vehicles on public highways. The heavy vehicles of taxable gross weight more than 55,000 pounds are required to be registered and pay the road tax to use the public highways for transportation. The HVUT paid to the federal government are distributed back to the states for construction and maintenance of public highways.
File Form 2290 HVUT to the IRS by providing vehicle details and pay the HVUT electronically using direct debit, EFW, or EFPTS, etc. When the trucker complete filing HVUT returns to the IRS, the IRS provides a valid proof which acts as a token of acceptance. The valid proof of accepting HVUT payment by the IRS is called as “Form 2290 Schedule 1”.
Which filing methods allows to receive 2290 Schedule 1 instantly?
According to the IRS, there are two methods to pay HVUT using Form 2290. You can paper file or e-file HVUT returns to the IRS. Paper filing HVUT returns consumes lots of time where you need to collect the Forms by the near by IRS office stores. It is a manual method of filing in which human interaction is must. Additionally, the truckers may receive the proof of HVUT payment i.e., Schedule 1 within 4-5 weeks after paying the HVUT to the IRS.
Compared to paper filing, E-filing is the quicker process. It takes less time to fill out the Form. It is an advanced method of filing which reduces errors by instant audit check. Besides, the trucker can receive Schedule 1 within minutes after submitting the Form 2290 to the IRS. Therefore, E-filing allows the truck owners to receive 2290 Schedule 1 instantly.
How to identify IRS authorized Schedule 1?
The HVUT payments are safe and secure when submitted through IRS trusted e-file provider. Following are the instruction you need to identify the Schedule 1 you receive is an IRS authorized one:
IRS E-file logo
IRS provides authorization to the organization to participate in e-filing program after conducting screening test. When you pay HVUT through an IRS certified e-file provider, you need to make sure that Schedule 1 has IRS e-file logo. E-file providers who certified by the IRS only provide “IRS E-file logo” printed on the Schedule 1.
Watermarked recipient date
The second most thing to consider when you receive Schedule 1 is whether the recipient date printed on it. Watermarked recipient date is the date on which the truck owner or an organization filed the HVUT return and paid the HVUT to the IRS. Check whether the date you received on the Schedule 1 is a valid one.
Where do you need IRS Form 2290 Schedule 1 proof?
Given below are the circumstances in which you need IRS Form 2290 Schedule proof:
- In general, every state requires the proof of payment of the tax to register taxable vehicles. The truck owners or organizations use the Schedule 1 when registering heavy vehicles with the State or DMV.
- If a trucker operates business using tax-exempt vehicles, then the trucker needs to file Form 2290 with nil tax. Use the Schedule 1 to register the tax-exempt vehicles. For tax-exempt vehicles, Suspended category “W” indicated in the Schedule 1 copy.
- When you lease a truck or contract the truck, you require Schedule 1 copy.
- Schedule 1 copy is useful in claiming refund on a tax paid on taxable vehicles under overpaid tax dues.
How to print 2290 Schedule 1 copy online?
It is important for every truck owner to get a copy of Stamped Schedule 1. When the truckers choose to e-file HVUT returns, then it is easy to get the IRS stamped Schedule 1 copy. Login to the e-file account, visit your Schedule 1 status page, and print or save as many copies as you require. Follow the below instructions in printing out 2290 Schedule 1 copy:
- As we know, the watermarked Schedule 1 copy is a must to register any heavy vehicle with the state authorities. Take a print out of the Schedule 1 in a correct format.
- Make sure the IRS e-file watermark and the recipient date are legible in the printable copy.
- Use different printer if in case the e-file watermark and the date of recipient are not legible.
Importance of record keeping Schedule 1 copy
Every trucking organizations who operate business using heavy vehicles on public highways needs to keep track of the taxable vehicles. As we know, the IRS investigate every heavy vehicle to check whether the HVUT payment made or not. The truck owner who uses heavy vehicles for transportation need to preserve Schedule 1 copy for nearly 3 years in their business records. Make sure to keep a record of the vehicle registered in your name for only a portion of a period.
Record keeping is easy, and secure when you file HVUT returns online. E-filing allows the truck a cloud storage of the HVUT payment history for nearly 4 years. Additionally, the truck owners can access it whenever they require Schedule 1 copy just by signing in to the E-file account.
Did you get the detailed information about IRS Form 2290 Schedule 1? Then file your HVUT returns by choosing an IRS authorized e-file provider. Form2290filing is an IRS trusted e-file provider. Submit your HVUT returns by filing with us and receive the IRS stamped Schedule 1 within minutes to the registered e-mail address.