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

More Time to File your Personal Tax Return by Filing Extension Tax Form 4868 & 7004

Tax time and every one of us are getting our paper works ready, you know that April 17 is the last day to report it with the IRS. If you’re not ready don’t get panic you can claim additional time to file your tax returns by reporting Extension Tax Form 4868 for personal returns and Form 7004 for business returns.

Tax-filing extensions are available to taxpayers who need more time to finish their returns. Remember, this is an extension of time to file, not an extension of time to pay. However, taxpayers who are having trouble paying what they owe may qualify for payment plans and other relief. Either way, taxpayers will avoid stiff penalties if they file either a regular income tax return or a request for a tax-filing extension by this year’s April 17 deadline. Taxpayers should file, even if they can’t pay the full amount due. Here are further details on the options available. Continue reading

Security Summit urges tax pros to protect their identification numbers: EFINs, PTINs and CAF numbers

IRS has urged every tax pros to protect their identity numbers through the latest issue, Issue Number: IR-2018-61. Here is the complete coverage of the issue for you to read.

WASHINGTON – The Internal Revenue Service, state tax agencies and the tax industry today urged tax practitioners to maintain and monitor their Electronic Filing Identification Numbers (EFINs) and Centralized Authorization File (CAF) numbers to help safeguard taxpayer data.

Cybercriminals sometimes post stolen EFINs, PTINs and CAF numbers on the Dark Web as a crime kit for identity thieves who can then file fraudulent tax returns. EFINs are necessary for tax professionals or their firms to file client returns electronically. Preparer Tax Identification Numbers (PTINs) are issued to those who, for a fee, prepare tax returns or claims for refund. CAF numbers are issued when tax practitioners or their firms file a request for third-party access to client files.

To assist tax professionals, the IRS created a new video and web page – How to Maintain, Monitor and Protect Your EFIN. These offer tips to practitioners.

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Being the Change of Women Empowerment in Trucking!

Women trying to enter the trucking industry have long faced cultural and physical barriers. Presently, there are an estimated 200,000 women behind the wheel of big rigs across the U.S, which seems like a lot; however represents less than mere 5 percent of the nearly 4 million-member truck-driver work force. Had Ellen Voie never cared about the women looking to enter the male-dominated trucking industry, the world would still have been waiting for someone like her to change the scenario for the better. But she was not ready to wait for someone else; she took the charge in her own hands and founded Women In Trucking in 2007. Today, a decade later, the firm is globally recognized and applauded for promoting careers in trucking for women and demolishing barriers that have kept women from joining the driver ranks for so long. Continue reading

Form 720, Quarterly Excise Tax Return for 4th Quarter of 2017 is due NOW!

Form 720 is a quarterly excise tax return that some; businesses must file with the Internal Revenue Service. According to the IRS, “Excise taxes are taxes paid when purchases are made on a specific goods, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks.” If you accrue excise taxes in the course of doing business, you should know the rules on filing 720 taxes.

Who Must File

If, as a business entity, you were liable for any of the federal excise taxes listed by the IRS on Form 720, Parts I and II, you must file the form. The excise taxes included in Part I are such items as petroleum spill taxes and ozone-depleting chemical tax; communications and air transportation taxes; fuel taxes for diesel, kerosene, gasoline, and other gases; coal and tire manufacturing taxes.

In Part II, the IRS enumerates such excise taxes as those related to the sales of sport fishing and archery, inland waterways fuel use taxes and Bio-fuel sold, but not used as fuel. Continue reading

Time to Prepare and File your 2017 4th Quarter IFTA!

 

The deadline to file your 2017’s 4th Quarter IFTA Return is January 31, 2018. A Quarterly IFTA Tax Return must be filed even if the licensee does not operate or purchase any taxable fuel in an IFTA member jurisdiction during the quarter.

 

What you need:

  1. Mileage log-whether you use manual trip sheets, GPS, or electronic trip sheets; it is not only necessary to have in order to file your quarterly IFTA return, but you will need these if you are even audited.
  2. Fuel Receipts-you will need to know how many gallons of fuel were purchased in each state.

 

Options to prepare and file your return:

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2017’s Taxes that are due by January 2018!

www.Taxexcise.com / www.Tax2290.com – a product of Think Trade Inc wishes you all a very Happy New Year. A fresh new year is once again upon us. It’s the time to be thankful for the blessings of the past year and to take stock of all our achievements. At the same time, New Year 2017 is a brand new year to start afresh, to start strong, and yet another chance to do everything we want to do this year.

Hope you all had a great holiday season; it’s now time to get back to business & take care of the last obligations of 2017. Though Fiscal year 2017 has ended there are few Taxes of 2017 that are due this month i.e. January 2018. Below are the list of Tax Forms that are due by January 2018 & those are supported by www.Taxexcise.com / www.Tax2290.com – a Product of Think trade Inc. Continue reading

Happy Thanksgiving from ThinkTrade Inc.

We gather on this day to be thankful for what we have, for the family we love, the friends we cherish, and for the blessings that will come. Happy Thanksgiving!

thanksgiving 2017

As a token of appreciation we offer a flat 15% off on 2290 eFile fee to save for the Thanksgiving Treat… Apply code “GIVETHANKS” to save.

Happy Thanksgiving!

Must Use Services Offered by ThinkTrade Inc, that You Need this Month!

ThinkTrade Inc is an authorized and certified by IRS to offer e-filing services for federal excise taxes. ThinkTrade Inc is the FIRST EVER & THE ONLY DECADE OLD IRS Authorized E-file Service provider for E-filing Heavy Highway Vehicle Use Tax Form 2290. There are various Tax Forms, Supported by ThinkTrade Inc under the banner of www.taxexcise.com / www.tax2290.com . One can say for sure that there are no months without some or the other tax deadline.

Month of October comes with few Excise Tax obligations, below are the list of Tax Forms that are due this Month, than can be filed through ThinkTrade Inc’s Line of Products: Continue reading

Kentucky Trucking Association Members can Avail 20% Discount on Form 2290!

Kentucky Trucking Association established in 1962, has a Mission is to promote the trucking industry by educating governmental entities, the general public, customers and related industry groups, though advocacy, supplying value added programming and enhancing industry safety and productivity. Kentucky Trucking Association is a trade association representing the interests of, and acting as the voice for Kentucky’s trucking industry

TaxExcise.com & Tax2290.com – Products of ThinkTrade Inc are an Allied Member of Kentucky Trucking Association. As an Allied Member of Kentucky Trucking Association and the First Ever IRS Authorized E-file Service Provider to E-file Heavy Vehicle Use Tax Form 2290, THE ONLY DECADE OLD IRS AUTHORIZED E-FILE SERVICE PROVIDER, We Offer a FLAT 20% OFF of the E-file Service Fee for Kentucky Trucking Association members with a special Promo Code “2290KYTA2017” valid till August 31st 2017.

For any more questions or queries reach our Tax Experts @ 1-866-245-3918 or write to them @ support@taxexcise.com or chat with them using the LIVE Chat option on the website even on weekends.

Georgia Trucking Association Members, Avail 20% OFF on FORM 2290!

Georgia Motor Trucking Association has been promoting its members’ interest in safety, business and good government since its founding in 1933. www.Taxexcise.com / www.Tax2290.com – Products of ThinkTrade Inc have been a part of Georgia Motor Trucking Association for a long time. The Georgia Motor Trucking Association is one of the most successful and broad-based trade groups in the trucking industry

www.Taxexcise.com / www.Tax2290.com – Products of ThinkTrade Inc, the ONLY DECADE OLD & First Ever IRS Authorized E-file service Provider for E-filing Heavy Vehicle use Tax Form 2290, has joined hands with GMTA as an Allied Member to serve the hard working Truckers & Trucking Companies associated with GMTA. E-filing saves a lot of Time and hard earned money for Truckers and Trucking Companies. Continue reading