Category Archives: Product Diaz

Product Diaz

Some people get more time to file without asking; Anyone else can request an automatic extension

Anyone can request an automatic tax-filing extension, but some people get extra time without asking, according to the Internal Revenue Service.

Due to the ongoing pandemic, this year the IRS postponed the usual April 15 deadline for filing individual income tax returns until May 17, 2021. Even so, as is the case every year, many Americans will still need more time to meet their tax-filing obligation.

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IRS is issuing third round of Economic Impact Payments

The IRS started issuing the third round of Economic Impact Payments. No action is needed by most taxpayers. The IRS will issue payments automatically by direct deposit and through the mail as a check or debit card.

Many people will receive the third payment the same way they received the first and second Economic Impact Payments. Because these payments are automatic for most eligible people, there’s no need to contact financial institutions or the IRS. People can check the Get My Payment tool on IRS.gov for status of their third stimulus payment.

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IRS extends April 15 and other upcoming deadlines, provides other tax relief for victims of Texas winter storms

The IRS has come in cover of the victims of recent Texas winter storms by extending the March 15 and April 15 due dates till June 15 and the detailed announcements as follows;

Victims of this month’s winter storms in Texas will have until June 15, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

Following The recent disaster declaration issued by the Federal Emergency Management Agency (FEMA),  the IRS is providing this relief to the entire state of Texas. But taxpayers in other states impacted by these winter storms that receive similar FEMA disaster declarations 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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Taxpayers should beware of ghost preparers

As people begin to file their 2020 tax returns, taxpayers are reminded to avoid unethical ghost tax return preparers.

A ghost preparer is someone who doesn’t sign tax returns they prepare. Unscrupulous ghost preparers often print the return and have the taxpayer to sign and mail it to the IRS. For e-filed returns, the ghost will prepare but refuse to digitally sign as the paid preparer.

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October 15 deadline nears for taxpayers who requested tax filing extensions

Federal Taxpayers should file electronically and request direct deposit for refundseFiling is fast, easy and secured.

The Internal Revenue Service reminds taxpayers who filed an extension that the Oct. 15 due date to file their 2019 tax return is near. Taxpayers should file their tax returns on or before the Oct. 15 deadline. For those who still owe, pay as soon as possible to reduce any penalties and interest.

Convenient electronic filing options, including IRS Free File, are still available. Taxpayers and tax professionals should continue to use electronic options to support social distancing and speed the processing of tax returns, refunds and payments.

Although October 15 is the last day for most people to file, some taxpayers may have more time.

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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.


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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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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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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.

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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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