With filing season opening on Feb. 12, the Internal Revenue Service urged taxpayers to take some simple steps to help ensure they file accurate tax returns and speed their tax refunds to avoid a variety of pandemic-related issues.
Although every year the IRS encourages taxpayers to e-file their returns and use direct deposit to receive refunds, to those taxpayers who have previously not used e-file, the IRS emphasizes using it this year to avoid paper-related processing delays.
In the late eighties American Express trademarked the slogan, “membership has its privileges.” In those days you had to pay a fee to carry their card, so they wanted you to feel as if you were a part of a preferred group. This adage applies to trade and professional organizations as well, as the focus is on acquiring and keeping members.
People often ask us how we “make money” as a nonprofit association. We are supported by our members who pay dues and in exchange, they expect something of value in return. What they value might vary from one person or company to the next.
As taxpayers get ready to file their federal tax returns, most will also be thinking about preparing their state taxes. There’s some good news for filers wanting to save money. Eligible taxpayers can file their federal and, in many cases, their state taxes at no cost.
Taxpayers whose adjusted gross income was $72,000 or less in 2019 can file their 2020 federal taxes for free using IRS Free File. Many of them can also do their state taxes at no charge. They do so through Free File offered by the IRS.
“Don’t reinvent the wheel, just realign it.” Anthony J. D’Angelo, author
We’ve all heard the adage about reinventing the wheel. Why spend a great deal of time and effort on working through something that someone has already explored? When Women In Trucking Association was formed, we looked at other trade and professional organizations and determined what parts worked for us and what didn’t.
In fact, we took a lot of ideas from an organization called Women In Aviation International (WAI). At the time, I was working on my private pilot’s license and joined the WAI because I wanted to meet other women who fly. The airline industry isn’t all that different from the trucking industry, and both have a very small percentage of women behind in the cab or the cockpit. Many of our challenges are similar, so why not cooperate on our efforts?
Have you ever questioned how some terms or phrases are either outdated or don’t even make any sense? For example, when was the last time you actually “dialed” the phone? Except for your great aunt Edna, rotary dial phones are no longer in existence. We don’t dial anything; we just tap it or touch it.
What about taping a video? We don’t use tape anymore. We’re not using VCRs to record anything, we record it with bytes, not footage. Footage implies the film is measured in feet, but there aren’t any length measurements when it comes to recording a video.
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.
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:
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.
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.
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