Expand Your Business by Tapping into HVUT Compliance Needs

While the trucking industry grows more dynamic, it comes up with new opportunities for IRP plate providers to diversify their services and bring more money into their coffers. One of those often neglected potentials is Form 2290 filing the Heavy Vehicle Use Tax (HVUT) that the IRS requires for vehicles of over 55,000 pounds. Offering Form 2290 e-filing as an ancillary service can set you apart from competitors will differentiate you from competitors, and grow your business.

For Your Clients: Importance of Filing Form 2290

Truck owners have to file Form 2290 every year to remain compliant with the IRS and legally operate on U.S. highways. Failing to do so leads to penalties and delays in registration or denial of IRP plates. Since you already take care of IRP registration, you can now connect with your customers with the online filing of their HVUT Form 2290.

Why Cross-Selling Form 2290 Filing Makes Sense

Form 2290 filing goes with IRP plate service. While IRP registration typically concerns the jurisdiction and miles driven by a vehicle, Form 2290 shows that it is tax-compliant in the eyes of the IRS. Not only does this all make sense, but it also brings more financial value to the table.

Advantages of Form 2290 Filing In-House

• Increase Revenue per Client: By bundling HVUT filings with IRP services, you will increase the number of billable tasks per customer.
• Make Client Loyalty Possible: Customers will be more likely to come back if they can handle all of their trucking paperwork at one location.
• Faster Turnaround: Form 2290 electronically filed means immediate access to the important Schedule 1 necessary for an IRP renewal.
• Upsell Opportunities: Provide annual filing reminders, expedited e-filing, or even multi-vehicle discounts.

How to Start Offering Form 2290-Related Services

If you are a newbie to Form 2290, partnering with an IRS authorized e-file provider would be the most advisable initial step. With such platforms, you could easily do the following:

• E-file for your clients
• * Instantly generate Schedule 1 proof evidence
• Amend, VIN correct, and refund process

This would allow integrating all these into the IRP workflow, thus implying that your business is one-stop compliance hub for the trucking clients.

Grow Your IRP Business with Value-Added Service

Provide to clients additional Form 2290 e-filing services to not only give them a means of complying with the Federal Regulations but also a source of income to your business. Investing minimally, this IRP plate service could turn out into a compliance powerhouse to address the trucking industry's full documentation needs while setting apart from the rest.

Note: For more information, visit IRS website