Here comes the tax due date again. Truckers, owner operators and tax filers get ready to file your tax return form 2290 before August 31st 2015 to avoid penalties and interest following you till you file. Every heavy vehicle tax filer should file their tax return by Monday, August 31st, 2015.
The deadline generally applies to Form 2290 and the accompanying tax payment for the tax year that begins July 1, 2015, and ends June 30, 2016. Returns must be filed and tax payments made by Aug. 31 for vehicles used on the road during July and vehicles that need form 2290 (schedule 1) renewals. For vehicles first used after July, the deadline is the last day of the month following the month of first use.
If your vehicle is going to be driven more than 5,000 miles and over 55,000 pounds, you are liable to report federal form 2290 to the IRS through online filing with Tax2290.com, prime product of ThinkTrade Inc. or paper filing. Though some taxpayers prefer filing form 2290 on paper, the IRS encourages all taxpayers to take advantage of the speed and convenience of filing this form electronically and paying any tax due electronically. Taxpayers reporting 25 or more vehicles must e-file form 2290 online with Tax2290.com.
This form generally includes trucks, truck tractors and mini trucks. Ordinarily, vans, pick-ups and panel trucks are not taxable because they fall below the 55,000-pound threshold. The tax of up to $550 per vehicle is based on weight, and a variety of special rules applies, explained in the instructions to Form 2290.
What Are The Advantages Of Efiling Form 2290?
- Save time, energy and paper
- Tax are calculated almost immediately, accurately
- One time registration
- Eliminate rejection of the return
- Late filing can be eliminated
- No hidden charges
- Anytime and anywhere access available
- Smartphone App for betterment
- Receive your schedule 1 copy
- Avoid the virtual traffic jams.
- Full time customer support by our Tax Experts
So what is the wait for? the due date is running on roller skates. And if you miss the due date, you are liable to report with penalties, which is not thoroughly accepted by filers. and when you think you are stuck with questions that are not answerable by the FAQs Section, you can always rely on our experts for any requirement. Call at 866-245-3918 or send them email firstname.lastname@example.org for immediate support. And remember there’s only 11 days left to e-file before penalties. So don’t delay, e-file today!