ExpressIFTA Blog

Wednesday, May 22, 2019

Do You Need To File a Form 8849?

Man with great hair wearing a flannel uses laptop and iPhone
If you’re new to trucking the numbers used for necessary forms may be a bit overwhelming. There’s the 2290s, 8849s, 4868s, 1099s, and 123s, we might be exaggerating with the 123s, but you get the gist, it’s a lot of forms and a lot of numbers to remember. We won’t bore you and got through each form 1 by 1, but we will tell you about the two most relevant ones for this filing period.

What is Form 2290?

The form that you have probably heard the most about, as of late is Form 2290. So what is Form 2290, and how does it relate to you, if at all.

Form 2290 is used to figure and pay the tax due on highway motor vehicles used. Your next question is probably does it even apply to you, and the answer is it might. All vehicles with a taxable gross weight of 55,000 pounds or more than travel by highway are required to file Form 2290.

After paying taxes you will be given a Stamped Schedule 1 that serves as proof of payment from the IRS. This document is important, as it is needed in order to register your commercial vehicle.

Do You Need to File Form 8849?

There are exemptions and claim suspensions that apply to some vehicles meeting certain requirements. The requirements are as follows:

  • The vehicle used 5,000 highway miles or less during the period.
  • The vehicle is an agricultural vehicle and used 7,500 miles or less during the period.
  • The Vehicle was stolen during the period
  • The vehicle was destroyed during the period
  • The vehicle was sold during the period
The above list leads us to the importance of Form 8849. If any of the above is true about a vehicle you owned then you must first file a Form 2290 and pay the correct amount of Heavy Vehicle Use Tax (HVUT) and then complete the Form 8849.


Claims and Refunds

In order to claim credits or refunds for vehicles stolen, destroyed, sold, or only used for 5,000 miles or less and 7,500 miles or less for agricultural vehicles, the Form 8849 is required. The things you’ll need to file a Form 8849 are your name, address, details on the vehicle you are seeking a claim/refund for and your Employee Identification Number (EIN). Be sure to double-check that the EIN you are using is consistent with what the IRS has on file.

*If an EIN is needed you are able to apply for one online with the IRS.

File With ExpressTruckTax

The great thing about our sister company, ExpressTruckTax is that it makes all of your Form 2290 filing simpler. It even gives you a chance to auto-generate a Form 8849 if you are in need of one for the current filing period.





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Wednesday, May 8, 2019

Last Minute Gifts For A Truckin' Mama

Trucker hurrying to buy a Mother's Day gift
Mother’s Day is right around the corner, and if you haven’t gotten a gift for the trucker mom in your life, we have you covered. Waiting to the last minute isn’t always ideal, but here at ExpressIFTA, we take into consideration the hard-working individual you are. Here are a few last-minute gift ideas proven to make any long-hauling mother feel loved and appreciated.


Insulated Coffee Cup


Every super mom has to get her superpowers from somewhere, and we can bet the heroine in your life uses caffeine as her kryptonite. Insulated coffee cups can also be personalized to say her name or her kid's name. This gift may be last minute, but we’re sure that it’s something she’d use for a lifetime.


Rig Wash


What better way to say ‘thanks to giving birth to some pretty cool babies’, than by washing her pretty cool baby. Bring out the hose and get the suds going for a good ol’ car wash, or should we say rig wash. Try saying that 3 times fast.

Entertainment Subscription 


Whether the trucking mom you’re honoring this year is into music, podcasts, movies, or motivational books you can never go wrong with paying for a subscription for one or more of her favorite entertainment outlets. Depending on your budget you can score her anywhere between 1 month, 12 months or 24 months, of road entertainment, on you.

Digital Photo Frame


Every mama bear hates to leave her cubs. With a digital picture frame for her cab, she can feel like her tribe is right there with her. Take the time to download photos of each family member prior to giving it to her to make this gift even sweeter and thoughtful.

Shower Bag


A swagged out shower bag full of your special trucking ladies’ favorite toiletries will have any trucking mom singing your praises and singing in the shower.

Help Her Pre File Her Form 2290


Working moms have it hard. Working trucker moms have it the hardest. Keeping up with recitals, dentist appointments, and household chores, while on the road isn’t for the weak. Although she may be capable to take on the world with one hand behind her back, it doesn’t mean that she should have to. File as early as TODAY with Truck Services of North America. She won’t have to worry about her Form 2290 until 2020. Talk about a gift that keeps on giving!

R&R


You know it and we know it. That trucking mom in your life needs a bit of rest and rehabilitation. The woman in your life works day in and day out and time for herself is something that never makes it on the to-do list. Take care of her task for a day and make sure she’s able to carve out some time for herself.

A Bed Fit For A Queen


Speaking of rest, your trucker queen needs to be able to experience a good night's sleep before she hits the road. Purchase her a new mattress or a quality mattress topper to make her night’s away from home a little more comfortable.

Polarized Sunglasses


Everyone can attest that their trucking mama is a star, but even the most glamorous of them need protection from the sun. As we edge into Summer the need for shades is essential for drivers on the road for up to 12 hours a day. Polarized sunglasses will keep the sun from blasting in their eyes. Be sure to get your star a pair that fits their personality and maybe grab a personalized case to match.

Snacks


Fill up a basket with some of your favorite driver’s go-to snacks. We all have comfort food we gravitate toward and making sure that she’s stocked up can make all the difference on some of her worst days.

There is no excuse for not knowing what to do or what to get for the special trucking lady in your life. The price range of these gifts start at just under zero dollars and zero cents, so there's bound to be something within your budget. We hope that this Mother’s Day is one to remember with family and friends.

Happy Mother’s Day to your family, from ours.

As always, keep truckin’ mamas!



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