Seasonal Greeting formwww.Tax2290.com – a product of Think Trade Inc, the ONLY DECADE OLD E-file Service provider for Efiling Federal Excise Tax Form 2290. Holiday Season gives us the opportunity to pause and reflect on the important things around us – a time when we can look back on the year that has passed and prepare for the year ahead. As an Efile Service provider we wish, No Tax payer files their Taxes late and end up paying penalties & Interests.
Federal Excise Tax Form 2290 (HVUT), is due by this month end for vehicles first used in the month of November since July. Every month you have an option to E-file your heavy vehicle use tax even on the last minute of the day it is due and you will still be on time, but December is exceptional. As the holiday season begins the Internal Revenue Service (IRS) will shut down their E-file Servers for Year end maintenance. No change to this rule this year too. The IRS Servers will be down starting December 26th and will remain down till January 6th, 2017. 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 →