Category Archives: Federal Excise Tax

For vehicles first used in February, Form 2290 is due March 31!

Not only do the goods they transport become their responsibility, but they also have to deal with a variety of other issues. First, they must keep their heavy trucks, which must be in good working order in order to travel on the highways. Truckers’ health is important because they must be physically fit to handle the load and the vehicle. kinship Of course, this is why they work so hard and spend so much time on the road.

The truck comes first because it is the trucker’s bread and butter, and their relatives and loved ones rely on the trucker’s income to survive. Truckers must keep all necessary documents current in addition to maintaining a well-maintained truck. Their Stamped Schedule 1 copy, which serves as evidence for filing their Federal Excise Tax Form 2290, is one such precious piece of paper (HVUT). They must keep a copy of it in their car at all times, and they will need it to register their truck.

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Pro-rated FORM 2290 is Due Today for Vehicles First used in January 2021!

Taxes aren’t everyone’s favorite part of life, but if we take care of them before the deadlines, we can eliminate the stress. Recently filing tax forms and paying tax fees has been a stressful task due to the pandemic, but there is more to it, the “HVUT”. The Heavy Vehicle Use Tax (HVUT) is an annual charge imposed on heavy vehicles with recorded gross weights of 55,000 pounds or more that travel on public highways. The weight of the truck, trailer, and load are added together to calculate the total taxable weight of a vehicle.

Heavy Vehicle Use Taxes must be filed on an annual basis using Form 2290. The Heavy Vehicles Tax Cycle starts in July and the filing deadline is August 31st for each cycle. But this is not the same for the new vehicles first put into service mid-tax year. For instance, March 1st, 2021, Today, is the due date to file Form 2290 for any new vehicle or vehicle first used in the Month of January.

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When do we need to file a Form 2290 Amendment?

Hey truckers, let us walk you through few pointers and transfer of knowledge about your HVUT Form 2290 filings. Since HVUT is due every month on a pro-rated basis, we have been frequently asked about corrections on the 2290 if the information on stamped schedule-1 copies mismatches or have got mistakes. Incorrect information on the stamped schedule-1 copies would not be accepted at the DMV, so we are going to share some knowledge on when and how to file an amendment.

The IRS gives you an option to correct your original Form 2290 returns through an Amendment form, but people often confuse between Form 2290 and amendments. The Amendment is just for the corrections on the completed filing!

Human typo errors are natural and can be rectified at few circumstances. In a Form 2290, an AMENDMENT refers to making changes to the originally submitted return. For which you will receive an updated Stamped Schedule 1 copy from the IRS and you can make the additional payment electronically.

The IRS allows amending for the following errors:

  • Increase in Taxable Gross vehicle weight
  • Suspended vehicle exceeded the mileage use limit.
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Pro-rated Form 2290 is due now for vehicles first used since January 2021

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Do also browse and look into the other services offered since we also are an IRS certified provider for Claim of Refund Form 8849 (schedules 1, 2, 3, 5, 6, and 8) and the Quarterly Federal excise Form 720, and the preparation of IFTA (International Fuel Tax Agreement).

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E-File your Pro-rated Form 2290 now for vehicles first used since December 2020, Due today!

Taxexcise.com / Tax2290.com allows you to create and file a Form 2290 return without any paper work involved. Once the return is created it allows you to verify the PDF copy before you could transmit the return to the IRS for processing, and it takes minutes to receive the watermarked stamped schedule-1 acknowledgment back from the IRS of acceptance.

IRS Federal HVUT Form 2290 where organizations and truck owners and owner-operators report and pay the pro-rated tax for vehicles first used in the middle of the tax period, for example, any new vehicles first used since the month of December 2020 needs to report it by February 1, 2021, which is Today. TaxExcise.com is presently good to assist you with your Federal Excise Tax Forms. Electronic documenting is simple, quick, and safe; has higher favorable circumstances than paper or manual recording.

The other forms that are also due today are:

  • Form 720 – Quarterly Federal Excise Tax Return – due today for Q4 2020
  • Form IFTA – Quarterly Taxes – due today for Q4 2020
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