Category Archives: Proffers

Proffers

Time to start working with your Income Tax Extension Application

The tax reporting for the tax year 2019 is in full swing, IRS started accepting the tax returns already. The deadline to file a 2019 tax return and pay any tax owed is Wednesday, April 15, 2020. More than 150 million individual tax returns for the 2019 tax year are expected to be filed, with the vast majority of those coming before the April 15 tax deadline. When you’re not ready with your tax return, IRS encourages you to file Extension Applications to buy more time to report the taxes. Extension of time is only to report the taxes and not to pay the taxes that you owe. Income taxpayers both Individuals and Businesses can file applications for automatic extension of time that will push the actual deadline from April 15 to October 15. However the deadline for Extension of time application is also falls on the actual deadline, that is April 15th. For certain businesses the due date falls on March 16th (the actual deadline March 15th falls on a weekend, so the next business day March 16th falls as the new due date).

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Gathering records before preparing tax return makes filing go smoother

As taxpayers are getting ready to file their taxes, one of the first things they’ll do is gather their records. To avoid refund delays, taxpayers should gather all year-end income documents before filing a 2019 tax return.

It’s important for folks to have all the needed documents on hand before starting to prepare their return. Doing so helps them file a complete and accurate tax return. Here are some things taxpayers need to have before they begin doing their taxes.

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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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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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Truckers should e-file highway use tax return by Sept. 3

IRS recently shared a release (Issue Number: IR-2019-138) covering the due date for reporting and paying the Federal Vehicle Use Tax form 2290. Yes, September 3rd is the due date this year (Tax Year 2019-20). the usual deadline is August 31 and it falls on a weekend, so the deadline is pushed to the next business day. Here it is from the IRS release…

WASHINGTON — The Internal Revenue Service today issued a reminder for owners of most heavy highway vehicles that the time to file Form 2290, Heavy Highway Vehicle Use Tax Return, began July 1, 2019.

The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more. This generally includes large trucks, truck tractors and buses. The tax is based on the weight of the vehicle and a variety of special rules apply. These special rules are explained in the instructions to Form 2290.

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2 days for July 31 Deadline for 2nd Quarter Federal Excise Tax Returns

The clock is ticking fast, you’re just left with minimal time to have your 2nd Quarter Federal Excise Tax Returns reported across. If you owe taxes on top of the monthly deposits made and that has to be paid on or before July 31. Essentially, Form 720 needs to be completed by the last day of the first month that follows the end of the prior quarter (e.g. the second quarter ends on June 30, so the form is due by July 31). If the due date for filing Form 720 falls on a Saturday, Sunday, or legal holiday, you can file the return by the next business day. This month it falls on a week day so no buying time here.

Federal TaxExcise

Who must file Form 720?

You must file Form 720 if you were liable for, or responsible for collecting, any of the federal excise taxes listed on Form 720, Parts I and II, for a prior quarter or for the current quarter and you haven’t filed a final return.

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July 31 Deadline for 2nd Quarter Federal Excise Tax Returns time to know the penalties and interest rates

The federal excise tax returns reported on IRS Tax Form 720 is now due for the 2nd Quarter of 2019, this July 31. You just have couple of days left to have this reported and paid, never wait further or you might end up paying more than the tax amount.

Enough talked about the Federal Excise Tax reporting, this is the time to know what it would be the penalties and interest rated for missing the filing and paying deadline. With taxexcise.com, you can sit back and relax; we’re protected with Thawte SSL certificate, a leading Global Certificate Authority and McAfee Secure, making sure to serve you with the best and the secured website to file your return online.

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Android Tax2290 Mobile App to eFile HVUT from your Android Smart Devices

As one of the most reliable company supporting American Truckers to report the Federal Heavy Vehicle Use Tax returns online, we bring the latest mobile technology to you, having the greatest number of powerful features enabling you to prepare and report 2290 Taxes. No matter, how you decide to prepare your 2290 tax returns: whether it would be using your home/office computer or smartphone devices, we promise to ease your electronic tax filing experience.

Tax2290 is the best app to e-File your Federal Vehicle Use Tax Returns using IRS Tax Form 2290, “On The Move”

Every tax season you wish you could clone yourself as you realize that your time and resources are limited. With the growing popularity of self-prepared online tax reporting, more and more clients are choosing not to spend countless hours scheduling appointments with IRS or waiting at a tax preparer office to get their 2290 taxes prepared. Only eFile can get you the IRS Watermarked Schedule 1 Proof Receipt in minutes and that too only at Tax2290.com.

We’ve got you the smart solution compatible with all android devices that could connect with an internet, is ready to do your 2290 taxes in a jiffy. Our Tax2290 android mobile app that combines the convenience of online tax preparation with the expertise of professional support, which we call it door step tax reporting.

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Taxpayers can check online to get updates about their tax refund

Taxpayers who filed an extension and are submitting their 2018 tax return this summer might be waiting for their tax refund. It’s easy for these taxpayers to check on the status of their money. They can just zip over to IRS.gov and use “Where’s My Refund?”

This tool is available on IRS.gov and through the IRS2Go app. Taxpayers can use Where’s My Refund? to start checking the status of their tax return within 24 hours after the IRS receives an e-filed return. For a paper return, it’s four weeks after the taxpayer mailed it.

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Taxpayers who can’t pay their taxes should still file on time

With the April tax filing due date just a few days away, taxpayers should remember to both file and pay any taxes they owe by the deadline. Taxpayers who do not file and pay timely will see their tax debt grow. In fact, penalties and interest can cause a taxpayer’s debt to grow by more than thirty percent in just a few months.

Here are some tips for taxpayers who owe tax, but who can’t immediately pay their tax bill. Taxpayers should:

  • File their tax return or request an extension of time to file by the April deadline.
    Taxpayers who owe tax and do not file their return on time or request an extension may face a failure-to-file penalty for not filing on time.
  • Pay as much as possible by the April due date.
    Whether they are filing a return or requesting an extension, taxpayers must pay their bill in full by the April filing deadline. Taxpayers who do not pay their taxes on time will face a failure-to-pay penalty. Taxpayers should remember that an extension of time to file is not an extension of time to pay.
  • Set up a payment plan as soon as possible.
    Taxpayers who owe, but cannot pay in full by the deadline don’t have to wait for a tax bill to request a payment plan. Taxpayers can apply for a payment plan on IRS.gov. Taxpayers can also submit a payment plan request in writing using Form 9465, Installment Agreement Request.

e-File Business and Individual Extension Tax Forms online

Form 7004 and Form 4868 are due this April 15th, File a Tax Extension and Push you Deadline to October 15th

Extension of Time to report