For Christmas, all roads lead home, Our Santa’s have been good to us all year round and we would like to wish them a Very Merry Christmas. May this festive season sparkle and shine, may all of your wishes and dreams come true, and may you feel this happiness all year round. Merry Christmas!
The Heavy Vehicle Use Tax Form 2290 is due for renewal every year before August 31. Taxes are part and parcel of any business and it is unavoidable. One such tax filed by Truck Owners and Trucking Companies is the Heavy Vehicle Use tax (HVUT) Form 2290. This Tax must be filed annually for any heavy vehicle with a gross weight of 55,000 pounds or above. Since the tax Period for HVUT starts from July and ends in June the Tax is paid in advance by the beginning of Tax Year, the due date to have Form 2290 renewed for Tax Period 2020 – 2021 is August 31.
“Opportunities are like sunrises. If you wait too long, you
miss them.” William Arthur Ward
Trucking is not just a job it is a way of life. Every driver will always
try to seize an opportunity to make the best out of it. Missing out on an
opportunity to file and prepare taxes will not only result in penalties but
also interests for late filing. With the deadline looming just a few weeks away
we would like to keep you reminded to have the 2290 HVUT completed on time and
stay compliant with the IRS.
Now you may wonder with the deadline at the end of the month, why file
ahead?
FORM 2290 IS DUE NOW FOR 2020 – 2021, E-FILE NOW TO RECEIVE STAMPED SCHEDULE-1 COPY IN MINUTES!
The circle of
friendship is a place of warmth and care, where people of all walks of life come
together for listening and sharing. A place of kindness and trust, a place for
tears, joy and laughter too. We are glad to share this circle with a special
trucker like you. We at Taxexcise.com would like to wish every passionate
trucker a Happy Friendship Day, well as the saying goes “A friend in need is a
friend Indeed”.
Commemorate this pact of friendship with a discount on the E-file preparation fee. Since this being the last month to renew the HVUT Form 2290 for 2020-2021, we would like to kickstart August with a 10% discount on Form 2290 valid until Aug 2nd, use code TAXBUD10 to avail an instant discount of up to $40 on the service fee.
In an era when smartphones
and tablets have taken over, filing tax returns through paper is slowly going
extinct and completing tax returns online is the need of the hour as it is
easier, precise and efficient. The less complicated your tax return is, the
more rudimentary is the preparation for it.
The slight panicky feeling that happens when deadlines approach and start to accumulate is every tax payer’s worst nightmare. These tax deadlines happen once every year or every quarter and failure to address them results in penalties and interest from Uncle Sam.
It’s time now to put on your
thinking hat and have these tax returns completed in order to stay compliant
with the IRS. A Few Tax forms that are Due this month would namely be:-
Form 2290: The Federal
Excise Tax Form 2290 also known as Heavy Vehicle Use Tax (HVUT) is due for renewal
for the current 2020 tax year. And the deadline to report any new Vehicles first
used in the month of June is due by July31st.
IFTA: International Fuel Tax Agreement is due by July 31st for the second quarter of 2020.