Author Archives: Service

Why E-File only with Tax2290.com?

  • It’s green. Filing electronically takes the paper, envelopes and stamps out of tax filing. If you bank online, pay your bills online, and shop online, why not do your taxes online too? It saves the environment and saves you from a trip to the IRS office.
  • It’s safe. You don’t have to worry about your important files being lost in the mail. Your information isn’t handled or shared with anyone, it just goes straight to the IRS.
  • It’s fast and easy. You can file your tax extension in minutes, without ever leaving your house. Once you’ve sent it off, it takes just a couple of days to get approved.
  • The IRS prefers it. Seriously, go to their website, they’re all about e-filing. It’s faster, safer and easier. With the paper forms, you don’t get a confirmation from the IRS that your paperwork has been received and approved, but you do with e-filing.

Do your tax returns online at www.Tax2290.com or www.TaxExcise.com and get your IRS stamped Schedule-1 copy in minutes. You choose your way of receiving your Schedule-1 copy either by FAX or Email. We are rated #1 by tax payers.

Quarterly Excise Tax Return, Form 720

Form 720 is a quarterly excise tax return that some, but not all, businesses must file with the Internal Revenue Service. According to the IRS, “Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks.” If you accrue excise taxes in the course of doing business, you should know the rules on filing 720 taxes. Continue reading

10-PERCENT EXCISE TAX FOR INDOOR TANNING SERVICES

IF YOUR BUSINESS OFFERS ULTRAVIOLET TANNING SERVICES… WE HAVE A REMINDER FOR YOU.

THE FIRST QUARTERLY PAYMENT FOR THE NEW 10-PERCENT EXCISE TAX FOR INDOOR TANNING SERVICES IS DUE NOVEMBER 1ST.

THIS IS BECAUSE OF A NEW LAW THAT WENT INTO EFFECT JULY 1ST, 2010

NOW… THERE IS A LIMITED EXCEPTION FOR CERTAIN QUALIFIED PHYSICAL FITNESS FACILITIES THAT OFFER INDOOR TANNING SERVICES.

THE TAX DOES NOT HAVE TO BE PAID ON MEMBERSHIP FEES TO QUALIFIED PHYSICAL FITNESS FACILITIES THAT OFFER INDOOR TANNING SERVICES AS AN INCIDENTAL SERVICE TO MEMBERS… PROVIDED THE FACILITY DOESN’T SELL TANNING SERVICES TO THE GENERAL PUBLIC. Continue reading

IRS Continues Efforts to Ensure Accurate Return Preparation; Reminds Tax Preparers to Sign Up for PTINs

WASHINGTON — The Internal Revenue Service has started sending out more than 10,000 letters to tax return preparers nationwide to remind them of their obligation to prepare accurate tax returns on behalf of their clients.

Also, during the 2011 filing season, IRS representatives will visit approximately 2,500 tax return preparers who received these letters to further discuss their responsibilities as a return preparer and to verify their compliance with existing requirements.

The tax agency is sending the letters to paid preparers who completed tax returns in which the IRS has identified common errors. The letter includes an enclosure that reminds tax return preparers of their responsibilities and consequences of filing incorrect returns. Continue reading

Interest Rates Decrease for the First Quarter of 2011

WASHINGTON – The Internal Revenue Service today announced that interest rates for the calendar quarter beginning January 1, 2011, will decrease by one percentage point.  The rates will be:

  • three (3) percent for overpayments [two (2) percent in the case of a corporation];
  • three (3) percent for underpayments;
  • five (5) percent for large corporate underpayments; and
  • zero and one-half (0.5) percent for the portion of a corporate overpayment exceeding $10,000. Continue reading