Category Archives: Other Tax Products

Three Tax Bills (Form 2290, Form 720 & Form IFTA) are DUE this JAN 31, 2019

Not often do we get a three bills from the IRS together, but mind you truckers and excise tax payers, you are going to meet three tax bills at the month end. Do not get carried away with your New Year parties or the worst weather condition and forget to file your Tax returns by the deadline Jan 31st, 2019.

Taxes that are due by Jan 31, 2019:

  • Form 2290: January 31, 2019 is the Deadline to E-file your Federal Excise Tax Form 2290 for Vehicles first used in the Month of December 2018 since July 2018. You may simply log on to www.tax2290.com & E-file your HVUT Tax Form 2290 within minutes.
  • Form 720: Another Federal Excise Tax Form that is due by Jan 31 is your Quarterly Excise tax Form 720 for the Fourth Quarter of 2018. E-file it through www.taxexcise.com now to avoid penalties & Interests.
  • Form IFTA: International Fuel Tax Agreement (IFTA), for the Fourth Quarter of 2018 is also due on the same day Jan 31. Though there is no option to E-file this complicated Report for several States, you may still get them prepared online through our site www.taxexcise.com / www.taxifta.com to avoid complicated tax calculations and confusing tax Jargon’s.

Use www.Taxexcise.com & www.Tax2290.com – Products of ThinkTrade Inc, to prepare or E-file the above mentioned tax forms before January 31st, 2019 to avoid Penalties. E-file is Simple, Safe and Secured and now possible from your Android & iOS Smart Phone as well.

You can always count on our handpicked, Industry’s Best Tax Experts for help, they live to provide top-notch year-round support during the business hours. Reach them @ 1-866-245-3918 or write to them @ support@taxexcise.com or ping them using the LIVE CHAT option on the website.

Know How to Claim Tax Refund on your Form 2290!

Every day we receive calls regarding how to claim tax refund on the Form 2290 for vehicles that were sold/destroyed/stolen. Well it’s easy than you imagined. When you come across this situation, you must remember that you got few options before raising the claim, as a Credit or a Refund?

Well we all know that refund is simply getting your money back option, whereas credits are primarily adjustments which could be utilized during your Form 2290 filing process to lessen and to nullify your tax due that is been paid to the IRS.

There are 3 scenarios by which a vehicle could be entitled to be qualified for Claims:

  1. When the tax due is overpaid for a vehicle within the same tax year.
  2. When the Vehicle is Sold/Destroyed/Stolen
  3. Low Mileage Vehicle Credits

Tax Overpaid Credits/Refunds:

The main reason for an over-payment occurs due to duplicate filings, meaning that you have already filed a Form 2290 for the subjected vehicle, yet you end up filing and paying it all over again for the reason if you can’t find your filed Form 2290 in your records. Applying Credits as such could be used versus the tax due of the 2290 filing that you tend to do anytime during a respective tax year using the Form 2290, for a refund use the Form 8849 Schedule 6 instead.

When the Vehicle is Sold/Destroyed/Stolen

When the subjected vehicle is Sold/Destroyed/Stolen during the respective tax period for which the tax amount is pre-paid full, you may Credits as such could be used versus the tax due of your future 2290 filing. However, use Form 8849 Schedule 6 to get your money back.

Low Mileage Vehicle Credits

This happens when you have pre-paid full tax due to the IRS during a respective tax year and if the vehicle is determined not been used over the mileage limit of exemption, you may either claim a full credit/refund by the following year.

However, all these refund claims are primarily done by Form 8849 Schedule 6, which generally takes up to 21 business days to receive the refund check back from the Internal Revenue Service. Any questions regarding your claims can be dealt with the IRS refund claim department @ (866) 699-4096.

File Form 2290 electronically through an IRS Authorized E-file service provider participating in the IRS e-file program for excise taxes, such as www.Tax2290.com. E-Filing is required by the IRS, if you are reporting 25 or more trucks on a return. For any more questions you may have reach us @ 1-866-245-3918 or write to us @ support@taxexcise.com or Ping them using the LIVE CHAT Option available on the website.

Tax2290.com Wishes you all a Very Happy Thanksgiving!

At this time of Thanksgiving celebration our thoughts turn gratefully to you with warm appreciation.                         Our best wishes for a Happy Thanksgiving!

Thanksgiving marks the beginning of the most awaited Holiday Season; we all eagerly wait for the entire year & keep making plans and schedules for the Holiday season.   It is mandatory for everyone to have few days off from work and spend quality time with their loved ones and get ready fresh for the upcoming year.

While we all feast this Thanksgiving, there is a hard working community that made this thanksgiving possible for and they are still working and moving things around the country, They are called “TRUCKERSContinue reading

2290 Amendments: Power to Correct Errors Online!

Experience is simply the name we give our mistakes – Oscar Wilde

Though E-filing Federal Excise tax Form 2290 is simple & straight forward, one can still commit few minor errors while trying to complete it in a hurry. A mistake once committed is committed & there is no point in simply cribbing about it. One must be brave enough to admit his/her mistake, smart and strong enough to correct them.

IRS is well aware of the fact that Mistakes does happen and also have gifted E-filers with a solution to correct them. There are three such errors that commonly happen when one tries to file Form 2990 that can be corrected by E-filing Tax Form 2290 Amendment. Continue reading

Today October 31st: It’s Halloween as well as Your Tax Deadline!

“There is magic in the night when pumpkins glow by moonlight”

It’s time to say goodbye to October 2018, Yes It is the last day of October & it is also Halloween. Hope there is a lot of fun in the air around. We at Think Trade Inc. would like to wish you all a very Happy & Spooky Halloween. If you think it’s just Halloween & month end that makes this day important then you are missing the icing on the cake. Well you call it a blessing or a curse, Today October 31st, 2018 is the Due date for few very important tax Forms that are supported by Think Trade Inc.

Think Trade Inc.’s Line of tax Products that is due today: Continue reading