There are 125 more days for the year to end but only 4 more days for the time to file HVUT returns to come to a halt. This means that if you own a taxable vehicle of gross weight 55, 000 pounds or more, you need to file form 2290 on the same for the tax year 2012-2013 to the IRS before the 31st of August, 2012. It usually is the end of the day. But this time, the IRS has announced that it will be shutting down its e-file system for maintenance activities by 1.00 PM EDT on 31st August, 2012.
The last minute filing heat has already started spreading and the deadline has come further down from the EOD of August 31 to 1.00 PM of the same day. So, compile details about your vehicle(s) like VIN, date first used on public highway, gross taxable weight etc and sit before a computer connected to the internet. Key in ‘www.tax2290.com’ in the address bar of your internet explorer and you will be routed to a safe on-line tax filing center. Continue reading
Be it form 2290 or any other tax form, IRS considers late filing with an implied penalty. Here’s a 1985 case that I recently read which educates the importance of filing taxes on time and the danger of doing it late.
George’s mother Mary (names changed) died for some reason and had previously appointed her son as the executor of her will. George, involved in his business all the time, retained John (name changed again) as to serve as the attorney for the estate in his hands. John responsibly informed George about the federal estate tax return that he had to file but missed to mention the due date. The return was due within nine months of the decedent’s death as per law. Having the experience of only being the executor of the will and not any bit about federal estate taxation, he completely relied on John for instructions and guidance. He also provided John with all relevant information and records required for the return filing. George’s family was in constant touch with John and enquired about the proceedings of the return preparation while every time they were assured that everything would be done well before time. Apparently, John had overlooked the matter because of a clerical oversight in omitting the filing date from his calendar. After a brief meeting between the two, the return was finally filed, three months late. Continue reading
In order to prevent commercial motor vehicle related accidents and their effects and to contribute to their operational safety through enforcement of safety regulations, the Federal Motor Carrier Safety Administration (FMCSA) was established in the year 2000 within the U.S. Department of Transportation. It works in sync with Federal, State, local enforcement agencies, the trucking industry and others to accomplish their core vision. They have recently launched a Facebook page which can be accessed at www.facebook.com/FMCSA, in order to further create awareness of their safety programs, encourage collaboration, stimulate innovation and engage people to share ideas on improvising nation’s highway safety. Continue reading