Category Archives: TipOffs

TipOffs

For truckers looking to vote early or absentee options for each state during election years

All states allow absentee voting, but there are many differences in their procedures and deadlines.

Forty states plus Washington, D.C., allow voters to come to their polling place in-person days or weeks before the election. There are 34 states, plus Washington, D.C., that allow any registered voter to request an absentee ballot without an excuse. Five of those states – Washington, Oregon, Utah, Colorado and Hawaii – conduct their elections with all-mail voting, while also giving voters the option to vote early in-person at the polls.

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IRS Notice Information & Upcoming August 31 HVUT Form 2290 Deadline

Mistakes are a part of life, we take action and we learn from them. Most mistakes made on tax returns are due to trial or human error and can be easily corrected by filing amendments. There are however few instances where certain errors might go unnoticed and the IRS will send you a notice by mail to keep you informed. The notice or letter will explain the reason for the contact and brief you with detailed instructions on how to have this resolved.

There are many reasons why the IRS may send a letter or notice. It typically is about a specific issue on your federal tax return or tax account. The IRS generally sends notices and letters based on the following grounds:

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Deadline to file and pay heavy highway vehicle use tax is Aug. 31

The deadline to file and pay heavy highway vehicle use tax is Monday, August 31. All taxpayers who file Form 2290 are encouraged to do so electronically. Those with 25 or more taxed vehicles must e-file. All the information needed to file is on the Trucking Tax Center.

Taxpayers who e-file can get a stamped Schedule 1 within minutes after the IRS accepts the form. Due to COVID-19, those who choose to file on paper can expect a significant delay in receiving their IRS stamped Schedule 1.


Tax2290 eFile with 2020

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IRS temporarily stops mailing notices to taxpayers with balances due

The IRS has suspended the mailing of three notices – the CP501, the CP503 and the CP504 – that go to taxpayers who have a balance due on their taxes. Although the IRS continues to make significant reductions in the backlog of unopened mail that developed while most IRS operations were closed due to COVID-19, this temporary adjustment to processing is intended to lessen any possible confusion that might be associated with delays in processing correspondence received from taxpayers.

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IRS provides tax relief for victims of California wildfires; Oct. 15 deadline, other dates extended to Dec. 15

Victims of the California wildfires that began Aug. 14 now have until Dec. 15, 2020 to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance. Currently this includes Lake, Monterey, Napa, San Mateo, Santa Cruz, Solano, Sonoma and Yolo counties in California, but taxpayers in localities added later to the disaster area will automatically receive the same filing and payment relief. The current list of eligible localities is always available on the disaster relief page on IRS.gov.

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IRS provides tax relief for victims of Iowa derecho; extends Oct. 15, other upcoming deadlines to Dec. 15

Victims of the Aug. 10 derecho storm that affected parts of Iowa now have until Dec. 15, 2020, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance. Currently this includes Linn County in Iowa, but taxpayers in localities added later to the disaster area will automatically receive the same filing and payment relief. The current list of eligible localities is always available on the disaster relief page on IRS.gov.

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IRS reminds truckers of Aug. 31 highway use tax return deadline, e-file encouraged

In the latest release from IRS highlighting to choose electronic filing to report and pay the Federal Vehicle Use Tax Form 2290. Tax2290.com guarantees easy, fast and safe filing; economic, affordable and transparent pricing; quality, experienced and live expert support to help you through with your 2290 efile. Tax2290.com is the most experienced and market leader since 2007.

The Internal Revenue Service reminded owners of most heavy highway vehicles of their responsibility to timely file Form 2290, Heavy Highway Vehicle Use Tax Return. 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. A variety of special rules apply. These special rules are explained in the instructions to Form 2290.

The deadline to file Form 2290 and pay the tax is Aug. 31, 2020, for vehicles used on the road during July.

Tax2290 eFile with 2020
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Form 2290 Tax Season and time for Truckers to report and pay

Truckers, owner operators and heavy haulers need to report vehicle use tax Form 2290 on vehicles put to use on public highways. IRS Form 2290 is used to report and pay Heavy Vehicle Use Tax, or HVUT. You must file Form 2290 with Schedule 1 annually if a taxable highway motor vehicle, in this case any heavy vehicle weighing 55,000 lbs or more, is registered in your name in the U.S., Canada, or Mexico.

The highway use tax (HVUT Form 2290) applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more. 2290 tax returns must be filed and tax payments must be paid by August. 31st for the heavy motor vehicles used on the road during July. The deadline generally applies to Form 2290 and the accompanying tax payment for the tax year that begins July 1, 2020, and ends June 30, 2021. For motor vehicles first used after July, the deadline is the last day of the month following the month of first use.

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July 31 is just around the corner Form 720 falls due for second quarter filing!

The Quarterly Federal Excise Tax Form 720 deadlines for the 2nd Quarter of 2020 is July 31, 2020 and just couple of more days to go. All the businesses that has collected excise taxes through the services offered or goods sold has to be reported and paid in Form 720 by July 31. Electronic filing can keep your tax deadline straight and on-time. You can do it by yourself in 3 simple steps at http://TaxExcise.com.

Form 720 – Quarterly Federal Excise Tax – 2nd Quarter – July 31 – Deadline!

Federal Excise Tax Form 720 and attachments are to report to the IRS at end of every quarter listing the liabilities and pay the taxes collected. The federal government charges an excise tax on specific types of products and services, which has to be collected and paid to IRS at regular intervals, quarterly.

E-file is the most preferred option of reporting excise taxes with the IRS. However you can also take a print out of the complete Form 720 PDF and file it manually or mail it across to the IRS as specified in the form.

Your business needs to fill out IRS Form 720 if you deal in the goods or services for which excise taxes are due. These products and services can include, but are not limited to: Telephone communications, Air transportation, Gasoline, Passenger ship transportation, Coal, Fishing equipment, Indoor tanning services, Bows and arrows, Tires, Vaccines etc.

Electronic filing is by and large the best way of reporting Quarterly Federal Excise Tax Form 720 returns with the IRS and get the best available resources. The most trusted and top rated website since 2007.

Get Started with Form 720 – Quarterly Federal Excise Tax Returns at

Federal Excise Tax eFiling

IRS offers additional retail partners that accept cash payments for federal taxes

The Internal Revenue Service today announced additional retail partners are accepting cash payments for federal taxes. This cash payment option is for individual and business taxpayers.

The IRS’ continuing partnership with ACI Worldwide’s OfficialPayments.com and the PayNearMe Company allows taxpayers to make a payment without a bank account or credit card at participating 7-Eleven stores, Ace Cash Express and Casey’s General Stores nationwide.


Federal Excise Tax eFiling
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