Tag Archives: tax2290.com

The first step of good tax planning is good recordkeeping

records keeping

Year-round tax planning is for everyone. An important part of that is recordkeeping. Gathering tax documents throughout the year and having an organized recordkeeping system can make it easier when it comes to filing a tax return or understanding a letter from the IRS.

Good records help:

Identify sources of income. Taxpayers may receive money or property from a variety of sources. The records can identify the sources of income and help separate business from nonbusiness income and taxable from nontaxable income.

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Frequently asked Questions about the Women In Trucking Association

Although the Women In Trucking (WIT) Association was formed over fourteen years ago, there are still many people who don’t understand our mission and who we represent.  This article will answer the top frequently asked questions we receive.

First, let me remind you of our mission.  The Women In Trucking Association is a nonprofit organization that was formed to encourage the employment of women in the trucking industry, promote their accomplishments, and minimize obstacles faced by women working in the trucking industry. 

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Have we increased the presence of women in trucking?

March is Women’s History Month and the Women In Trucking Association was formed in March of 2007.  Now, fourteen years later, how have we advanced our mission to “encourage the employment of women in the trucking industry, address obstacles, and promote accomplishments?”

The first question we are usually asked by the media or potential members is in regard to the percentage of women employed in the trucking industry.  After all, according to W. Edwards Deming, a statistician and quality control expert, You can’t manage what you can’t measure.”

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Membership has its privileges……

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.

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Many taxpayers can file their state and federal tax returns for free

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.

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Truck stops and Tarmacs

“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?

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For Sale By Owner

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.

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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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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.


Tax2290 eFile with 2020

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