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:
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.
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.
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.
For those of us in the trucking industry, we are well aware that the four-wheeler causes most crashes involving a commercial truck. It’s frustrating for all of us that student drivers to senior drivers are unaware of the blind spots, stopping distances and the massive weight of a tractor-trailer.
Every time the Federal Motor Carrier Safety Administration (FMCSA) creates (or changes) regulations that affect professional drivers, I hear complaints that they are the safe drivers and someone needs to educate the motoring public. These drivers feel as if the rules should apply to all drivers and not just those in 18-wheelers.
What they don’t understand is that the FMCSA CANNOT regulate cars. They were designed to regulate trucks and busses, and that’s why they have “Motor Carrier” in their name. The states have more authority to regulate automobiles, but the only federal agency that creates rules to govern cars is the National Highway Transportation Safety Administration.
The Federal Heavy Vehicle Use Tax, Form 2290 is due this August 31 and less time left to report it with the IRS. Form 2290 is an annual tax usually reported between July and August for the tax year 2016-17. Form 2290 and Schedule-1 need to be filed and carried in the truck as a proof of payment of this HVUT returns.
August 31st is the Due Date:
This Form 2290 needs to be filed and IRS stamped/watermarked Schedule-1 proof is a must to register your heavy vehicle under your name or in your company name with the state and federal authorities. Year on year this 2290 and schedule-1 should be renewed in your name/company name to renew your heavy vehicle registration with the state and federal authorities. August 31 is the last date and this 2290 truck taxes needs to be paid in full estimating based on the taxable gross weight and the mileage use limit.
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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. Continue reading →