Category Archives: Proffers

Proffers

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

Before visiting an IRS office, taxpayers should call to make an appointment

Before visiting an IRS Taxpayer Assistance Center for in-person help with their tax issues, a taxpayer needs to call 844-545-5640 to schedule an appointment. All TACs provide service by appointment. The Contact Your Local Office tool on IRS.gov helps taxpayers find the closest IRS TAC, the days and hours of operation and a list of services provided.

Once they make an appointment , taxpayers will receive an automated email to the address they provide. The email will confirm the day and time of their appointment. Taxpayers should consider the self-service options on IRS.govbefore calling for an appointment. Taxpayers can resolve many questions  online without taxpayers having to travel to a Tax Assistance Center. Continue reading

IFTA Taxes are now Due for 4th Quarter of 2018

The 4th Quarter 2018, IFTA Fuel Use Tax falls due now and time to report it with the state authorities. The IFTA license offers several benefits to the interstate/inter-jurisdictional motor carrier. These benefits include one license, one set of decals, one quarterly fuel tax report that reflects the net tax or refund due. These advantages result in cost and time savings for the carrier and the member jurisdictions.

Prepare your State IFTA Fuel Use Tax returns in 3 simple steps, take a print out of it and file it today!. The accurate and fastest website to prepare the IFTA Fuel Use Tax returns online.

Support available all the way to walk-you through the tax preparation process… talk to us at 866 – 245 – 3918 or write to us at support@taxexcise.com. Happy Trucking!


IFTA Q4 Deadline

IRS confirms tax filing season to begin January 28

New Year’s is the perfect occasion to celebrate Love, friendships and all the good things in life. Let’s take the time to appreciate what Year-2018 has given us and what the new year 2019 is about to bring! A new year means new beginnings, new hope and time to work with the tax return preparation and reporting. We at ThinkTrade, Inc along with TaxExcise, ExtensionTax and Tax2290 wishing you and your family and friends a Happy New Beginning for 2019.

Here is the latest update from IRS about the filing season that is been confirm to start from Jan. 28th. However the IRS will begin accepting all business tax returns at 9 a.m. Eastern on January 8, 2019 which would include Federal Excise Tax Forms 2290, 8849 and 720. Infact the Federal Excise Taxes for 2018 4th Quarter is now due and Jan. 31 is the deadline, try reporting it online in an effortless and simplified website, TaxExcise.com Continue reading

ThinkTrade Inc., Wishes everyone a Happy Veterans day!

Happy Veterans Day

Triumph is only for those who are not afraid and never quits!

Our veterans accepted the responsibility to defend America and uphold our values when duty called, so true without their services & Sacrifices we would have not been enjoying the freedom that we have today. On this Veterans Day, let us remember the service of our veterans, and let us renew our national promise to fulfill our sacred obligations to our veterans and their families who have sacrificed so much so that we can live free. Continue reading