Author Archives: Tax Expert

About Tax Expert

An e-tax professional at http://www.taxexcise.com, a product of Think Trade Inc., A BBB accredited, IRS authorized E-file service provider for all kinds of Excise taxes like Form 2290, Form 720, Form 8849 etc, my articles will reflect friendly ideologies of my company just like how friendly our e-file tax application is to them. For any queries, reach us @ 866-245-3918 or email us on info@thinktradeinc.com

Are you ready for 2290 eFile? Four best practices for maximizing your 2290 return acceptance by IRS in one go

Electronic filing is the fastest way to get your returns processed by the IRS. For many owner operators and trucking businesses, 2290 tax reporting is crucial and IRS watermarked Schedule 1 proof is required to register the vehicle with the state authorities and to renew their permits. You don’t want to wait the whole day at a taxpayer assistance center to report 2290 taxes? then move on and choose efile for convenient and comfortable filing.

Remember IRS is encouraging every trucker and 2290 tax filer to choose eFile for faster and accurate filing, and also to receive back the IRS watermarked schedule 1 proof in minutes. Those days are long gone. Today 50% of the 2290 tax filers choose electronic filing, where IRS mandates efile for carriers reporting 25 or more trucks in a return.

Pro rated taxes are also due now for heavy motor trucks that is first used in October 2019 for the first time on a public highway since July 2019. November 30 is the due date and start with eFiling at http://Tax2290.com. ordering online in October or earlier, and they keep spending until after those post-holiday sales are over. 



eFile allows you to spend time with your business fortune and we take care of your 2290 filing needs. There are four best practices to get ready and maximize the chance of obtaining IRS watermarked Schedule 1 proof in one go.

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Tax preparers can take classes online to earn CPE credits

Tax preparers who cannot attend the IRS Nationwide Tax Forums in person can do so online. They can visit  IRS Nationwide Tax Forums Online anytime to earn continuing education credits. The website offers courses based on recorded seminars from previous forums. The courses can be watched for free or purchased for continuing education credits.

To receive credits, preparers will need to create an account. The frequently asked questions on the website have details about how to do this. Once preparers have an account, they can take courses on a wide variety of topics to help them serve their individual and business clients.

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Why it’s important for taxpayers to know their filing status

When a taxpayer files their tax return, they need to know their filing status. What folks should remember is that a taxpayer’s status could change during the year. So, any time is a good a time for a taxpayer to learn about the different filing statuses and which one is best for them.

Knowing the correct filing status can help taxpayers determine several things about filing their tax return:

  • Is the taxpayer required to file a federal tax return or should they file to receive a refund?
  • What is their standard deduction amount?
  • Is the taxpayer eligibility for certain credits?
  • How much tax they should pay?
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EFPTS helps employers keep an eye on tax responsibilities

The Electronic Federal Tax Payment System has features that can help small business employers meet their tax obligations. Treasury regulations require employment tax deposits be made electronically. Whether employers prepare and submit payroll taxes themselves or hire a payroll service provider, payments should be made using EFTPS.   

This system is secure, accurate, easy to use and provides immediate confirmation of each transaction. Anyone can use EFTPS. The service is free of charge and allows employers to make and verify federal tax payments electronically 24 hours a day, seven days a week online or by phone.

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Quarterly Excise Tax reporting for 2019 3rd Quarter October 31 is the deadline


When it’s time to file a federal excise tax return for your business, there are various ways you can do it, depending on whether you want to do it online or manually. However this Quarterly Federal Excise tax has to be reported and paid on time, now it is due for 3rd Quarter of 2019 and October 31 is the last date.

Excise taxes are narrowly based taxes on consumption, levied on specific goods, services, and activities. They can be either a per unit tax (such as the per gallon tax on gasoline) or a percentage of price (such as the airline ticket tax). Generally, excise taxes are collected from producers or wholesalers, and are embedded in the price paid by final consumers. The excise taxes on the service or products will be collected from the buyers and paid to the IRS.

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The filing deadline for extension filers is almost here deadline is Tuesday, October 15

It’s almost here…the filing deadline for taxpayers who requested an extension to file their 2018 tax return. This year’s deadline is Tuesday, October 15.

Even though time before the extension deadline is dwindling, there’s still time for taxpayers to file a complete and accurate return. Taxpayers should remember they don’t have to wait until October 15 to file. They can file whenever they are ready.

Taxpayers who did not request an extension and have yet to file a 2018 tax return can generally avoid additional penalties and interest by filing the return as soon as possible and paying the amount owed.

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One last day to go for 2019 deadline to report HVUT returns Form 2290 for Tax Year June 2019 – June 2020

You just have hours to go through the day that is the deadline for many truckers to report and pay the Federal Vehicle Use Tax returns with the IRS. Taxpayers who must file Form 2290, Heavy Highway Vehicle Use Tax Return, have no time to do so this year. That said, the deadline will be here before they know it. Taxpayers must file their 2019 Form 2290 by Tuesday, September 3. Normally, the due date is August 31. However, this year the weekend and a federal holiday extended the 2019 date. Use this extended dead line for the year and report this annual advance vehicle use tax on your highway by the time it is done.

Form 2290 eFiling is best and fast at TaxExcise.com and Tax2290.com, the IRS Authorized electronic filing service provider, the most experienced in the list. In fact the 1st ever IRS authorized provider since 2007. Anyone who has registered or is required to register a heavy highway motor vehicle must file Form 2290. While some taxpayers who file this form are required to do so electronically, all 2290 filers can file online. These taxpayers can use their credit or debit card or EFTPS or EFW (direct debit) to pay the Heavy Highway Vehicle Use Tax.

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IRS announces waiver of dyed fuel penalty in Florida due to Hurricane Dorian and also the 2290 HVUT returns falls Due Today

WASHINGTON – To minimize or prevent disruptions to the supply of fuel for diesel-powered highway vehicles because of Hurricane Dorian, the Internal Revenue Service announced today it will not impose a penalty when dyed diesel fuel is sold for use or used on the highway in the State of Florida.

This relief is effective immediately. Consistent with the Environmental Protection Agency waiver for Florida allowing the sale, distribution, and use of red dyed Non-Road Diesel Locomotive and Marine fuel in the State of Florida for use in highway diesel vehicles, this relief will remain in effect through Sept. 15, 2019.  

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As Hurricane Dorian gains strength, IRS encourages preparation for natural disasters

WASHINGTON — As Dorian threatens and with the peak of hurricane season just ahead, the Internal Revenue Service reminds everyone to develop an emergency preparedness plan. Taxpayers, whether individuals, organizations or businesses, should take time now to create or update their emergency plans.

Taxpayers can begin getting ready for a disaster with a preparedness plan that includes securing and duplicating essential documents, creating lists of property and knowing where to find information once a disaster has occurred.

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What if it was YOUR daughter?

Your 24 year old daughter calls you with the exciting news that she has completed her training and is ready to start her new career.   She worked hard to earn her diploma and is anticipating her first business trip.

Although she is eager to start her new job, she expresses her concern that her employer has asked her to share a room with a male co-worker.  You’re shocked that any business would expect men and women to share sleeping quarters, but she reassures you that the company has very strict policies on harassment and fraternization. 



Then, she tells you that her co-worker is actually her superior and he will be evaluating her performance and reporting back to the company.

You find the entire situation discomforting and you worry about your daughter’s safety.

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