Tag Archives: TaxExcise.com

What I learned from my “wearable”

I never thought I could be friends with a piece of technology that is exceptionally nosey.  I’m a pretty private person, and the thought of sharing my physical data makes me pretty uncomfortable.

Sharing my sleeping patterns, my eating habits, and how often my heart rate was elevated isn’t my idea of privacy.  However, we recently partnered with Rolling Strong to do a wellness competition, and I donned a Fitbit Versa for the challenge.

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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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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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The IRS Authorized electronic filing service provider for Form 2290

With the tax season kicked off in July we started processing Form 2290 returns for Tax Period July 2020 through June 2021. August 31, 2020 is the due date this year and 2290 taxes has to be reported and paid for vehicles that is put to use in July 2020. Electronic filing can guarantee IRS watermarked Schedule 1 “Proof of Payment” instantly once it is made available by the IRS. We would suggest to file it little earlier to allow some time to work on your return if in case it gets rejected by the IRS. Even if you missed to add a vehicle or if you happen to report an amendment or VIN correction.

Efile 2290 is always rewarding for the truckers, owner operators and trucking companies to save on the 2290 tax preparation charges. Recordkeeping is great when you efile with us. For long time now IRS has stopped sending Printed Form 2290 to the truck taxpayers as a reminder. Tax2290.com has taken adequate effort to remind our users about the tax season and deadlines, even we roll out prefiling for early filers to make best use of it.

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HERoes of the Highway

Do you remember when you were a child and someone would ask you what you wanted to be when you grew up?  The typical elementary school response was firefighter, police officer, teacher, doctor, pilot, or even astronaut cited by children.

For many of you reading this blog, perhaps you already knew you wanted to drive a truck or work in supply chain when you were older.  I’m guessing you were in the minority.  Most of the occupations children mentioned had high profiles and were considered more glamorous than working in the trucking industry.

Professional drivers have often been the “invisible” ones on the road.  When you do your job well and are operating in a safe and efficient manner, no one seems to notice you.  It’s only when a motorist thinks you are going too fast, too slow, or driving erratically when they seem to pay attention to the eighteen wheelers alongside them.

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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 provides tax relief for the low-income housing credit and bonds for qualified residential rental projects

In response to the ongoing COVID-19 pandemic, the Internal Revenue Service on July 1, 2020 issued Notice 2020-53 (PDF) to provide tax relief to issuers, operators, owners, and tenants of qualified low-income housing projects or qualified residential rental projects financed with exempt facility bonds, and state agencies that have jurisdiction over these projects.

For certain time-sensitive actions scheduled to be performed and requirements to be met on or after April 1, 2020 and before December 31, 2020, owners and operators now have until December 31, 2020 to perform the actions and satisfy the requirements.



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IRS extends July 15, other upcoming deadlines for tornado victims in parts of the South; Provides other relief

Victims of the April tornadoes, severe storms and flooding that took place in parts of Mississippi, Tennessee and South Carolina will have until Oct. 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 Clarke, Covington, Grenada, Jasper, Jefferson Davis, Jones, Lawrence, Panola and Walthall counties in Mississippi, Bradley and Hamilton counties in Tennessee and Aiken, Barnwell, Berkeley, Colleton, Hampton, Marlboro, Oconee, Orangeburg and Pickens counties in South Carolina.

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Supporting Drivers During Tough Times

The trucking industry has long been a male-dominated environment, and although things are changing, it’s still predominantly men behind the wheel, in the corner office, and the shop.  As women are drawn to the industry, they are often unprepared to deal with some of the issues they may face, specifically when it comes to coping with diversity challenges.

Many of the women who are seeking tuition funding from the Women In Trucking Scholarship Foundation cite negative reasons for getting a CDL.  Often, they are survivors of domestic abuse, spousal harassment, or worse.  Yet, when we offer them a scholarship, education doesn’t include topics to include needed coping skills.

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