Category Archives: Insiders on E-filing

Pro-Rated Form 2290 & Q3 IFTA that are required to be filed by October 31, 2020 can be filed by November 2, 2020

Deadlines are constant reminders that allow you to get tax returns completed on time and also stay compliant with the IRS. Paying taxes before the due date always gives you the upper hand.

We at www.taxexcise.comwww.tax2290.com would like to keep you reminded of the forms that are due by end of this month:

  • Form 2290: The Federal Excise Tax Form 2290 also known as Heavy Vehicle Use Tax (HVUT) is due by November 2nd  for any new vehicle that was purchased or first put into service in the month of September.
  • IFTA: International Fuel Tax Agreement is due by November 2nd for the third quarter of 2020. IFTA is filed for vehicles that travel in at least 2 or more IFTA jurisdictions. All reports will have the amount of fuel used and mileage covered under each state jurisdiction traveled. IFTA fuel reports are due four times a year, the last day of the month after each quarter closes. Prepare this report for the third quarter of 2020 before the November 2nd deadline.
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Recent IRS Updates and TODAY’S Deadlines for Q2 IFTA & Pro-rated Form 2290

Unlike many other tax return deadlines, the deadline on the Heavy Vehicle Use Tax Form 2290 has not been extended. Every truck driver who travels in and around America will need to file new returns before the actual due date of August 31st. During recent months due to the sudden surge of filings taking place, the IRS has also issued certain guidelines to make this process less cumbersome.

The following are a few key points issued by the IRS for Form 2290.

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We’re Open for Business during COVID-19, E-file Pro-rated Form 2290 Due by May 31

As the saying goes “Cometh the hour, cometh the man” Our Truckers just simply do not fail to amaze us! When all hope fails they are our first line of defense, being on the front line amidst this COVID-19 crisis, risking their lives to make sure our shelves do not run empty and all the while ensuring that much-needed essentials are transported far and wide across the country. It sure is a tough job and not for the faint-hearted.

We at Taxexcise.com love showing appreciation to our truckers for their dedication and safety, and we would go above and beyond to see that your Form 2290 issues are handled while you’re on the road, something we have been doing for over a decade and are best at. After all, our supply chain depends on your reliable transportation.

A Gentle reminder for trucks that were newly purchased or first put into service in the month of April, the deadline to have these vehicles reported on a 2290 is May 31. Due to the lockdown and social distancing Electronically filing your tax return has come in handy and is the most easiest and convenient option to have your return filed on time, though the IRS offices are closed their E-File services are operational and returns filed online are being accepted within a few minutes.

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The IRS enhances “Get My Payment” online application to help Americans track their coronavirus-prompted stimulus payments.

Under the CARES Act, the Internal Revenue Service (IRS) has been issuing Economic Impact Payments (stimulus checks) as part of the economic relief effort. The Internal Revenue Service announced significant enhancements to the “Get My Payment” tool to deliver an improved and smoother experience for Americans eligible to receive Economic Impact Payments.

The enhancements, which started last month, adjusted several items related to the online tool, which debuted on April 15. The additional changes will help millions of additional taxpayers with new or expanded information and access to adding direct deposit information.

“We delivered Get My Payment with new capabilities that did not exist during any similar relief program, including the ability to receive direct deposit information that accelerates payments to millions of people,” said IRS Commissioner Chuck Rettig. “These further enhancements will help even more taxpayers. We urge people who haven’t received a payment date yet to visit Get My Payment again for the latest information. IRS teams worked long hours to deliver Get My Payment in record time, and we will continue to make improvements to help Americans.”

“We encourage people to check back in and visit Get My Payment,” Rettig added. “These enhancements will help many taxpayers. By using Get My Payment now, more people will be able to get payments quickly by being able to add direct deposit information.”

How to use Get My Payment

Available only on IRS.gov, the online application is safe and secure to use. Taxpayers need a few pieces of information to quickly obtain the status of their payment and, where needed, provide their bank account information. Having a copy of their most recent tax return can help speed the process.

For taxpayers to track the status of their payment, this feature will show taxpayers the scheduled delivery date by direct deposit or mail and the last four digits of the bank account being used if the IRS has direct deposit information. They will need to enter basic information including:

  • Social Security number
  • Date of birth, and
  • Mailing address used on their tax return.

Taxpayers needing to add their bank account information to speed receipt of their payment will also need to provide the following additional information:

  • Their Adjusted Gross Income from their most recent tax return submitted, either 2019 or 2018
  • The refund or amount owed from their latest filed tax return
  • Bank account type, account and routing numbers

Get My Payment cannot update bank account information after an Economic Impact Payment has been scheduled for delivery. To help protect against potential fraud, the tool also does not allow people to change bank account information already on file with the IRS.

California Air Resources Board (CARB) Regulations & Form 2290 March deadline

At www.TaxExcise.com we know that truckers are the mainstay of America, they transport almost all basic necessities such as food, clothes to medicine and electronics. If you’ve got it, then a trucker brought it!

Trucking is a major source of employment with over 8 million people working in trucking related jobs to over 3.5 million truck drivers, the total revenue brought in keeps increasing at a phenomenal rate with over 800 billion a year. As this figure keeps increasing it also does bring about new rules and limitations on certain regulations.

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