Tag Archives: tax form 2290

2290 Electronic filing: WHAT, WHEN, WHERE, WHY…?

Tax 2290 is the federal vehicle use tax form reported across the states with the IRS in a year between July and June. The tax year starts from July 2020 to June 2021 and IRS watermarked Schedule 1 proof is the valid document to show that it is been paid for the listed vehicle. Here let us see what it is is, when it is reported, how it is paid and many.

WHAT:

  • The IRS tax form 2290 is used to prepare and report the highway heavy vehicle use taxes on motor vehicles with a taxable gross weight of 55,000 pounds or more.
  • Form 2290 and Schedule -1 could be prepared and reported electronically with the IRS, anyone who requires to file 2290s can use TaxExcise.com to file it electronically.
  • Electronic filing is safe, secured and fast; quickest way of filing 2290 returns with the IRS.
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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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IRS urges taxpayers to use electronic options; outlines online assistance

Today the IRS has urged people to use electronic services in a new release (Issue Number: IR-2020-68) and announced that is it closing the Taxpayer Assistance Centers and stop processing paper returns etc. The Internal Revenue Service reminds taxpayers and tax professionals to use electronic options to support social distancing and speed the processing of tax returns, refunds and payments.

Federal Excise Tax Filing can be made online at TaxExcise.com and we’re operational with limited resources remotely to support businesses that needs to support excise taxes online and for truck operators to report the Federal Vehicle Use Tax returns online. Connect to us at (866) 245 – 3918 or write to us at support@taxexcise.com.

TaxExcise.com

To protect the public and employees, and in compliance with orders of local health authorities around the country, certain IRS services such as live assistance on telephones, processing paper tax returns and responding to correspondence are extremely limited or suspended until further notice. All Taxpayer Assistance Centers remain temporarily closed as are many volunteer tax preparation sites until further notice. This will not affect the IRS’s ability to deliver Economic Impact Payments, which taxpayers will begin receiving next week. 

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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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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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Prepare yourself, your vehicle before highway trips in extreme heat

It’s summer and must-have items include fully charged cellphone, drinking water, umbrella… with merciless temperatures forecast over the coming days, be sure you and your vehicle are prepared before traveling on highways across the state highways. Motorists should always be ready for the possibility of becoming stranded, but that need is even more critical in extreme heat.

Summer driving tips

For you and your passengers: Have extra drinking water for everyone in the vehicle, including pets, an umbrella for shade and a fully charged cellphone. Pro tip: Take a cooler to keep extra drinking water cold, and consider adding several frozen bottles of water to use for cooling off or to thaw and drink if needed.

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Trucking isn’t so different!

I was recently reading a trade journal when I found an article titled “The Seven Percent.”* It was about the lack of women in the industry and how the numbers aren’t moving fast enough.

The statistics showed that there is currently a significant operator shortage, and more than 320,000 new operators will be needed within the next ten years.  To add to the deficit, the average operator is about 46 years old, and more than forty percent are over the age of 50.

The article described the lack of women in the profession is crucial.  Although women accounted for nearly 13 percent of students, only seven percent of them ended up working in the field.  Continue reading

Report your 2290 HVUT returns as early as possible to cut down your charges

The Federal Vehicle Use Tax Form 2290 for the tax period 2018-19 is due on August 31 for vehicles put to use on highway from July 2018. For most truckers August 31 is the deadline to report 2290 and renew their IRS Stamped Schedule1 proof. However if you have missed your filing deadline you can still report it online at TaxExcise.com and Tax2290.com. Prorate 2290 taxes for vehicles used after August 2018 and file it online (e-file) to receive your IRS watermarked Schedule-1 proof in minutes.

fast faster and fastest 2290

2290 Late Filing Charges

Late filing means you will end up paying more as late filing charges, penalty of 4.5% of the total amount of HVUT you owe for not on time, monthly fee of 0.5% for the period you missed to pay 2290 tax dues with additional interest charge of .54%. You now can make use of your credit card / debit card payment option to pay 2290 dues and pull yourself off from these extra charges… Continue reading