Someone once stated that the two things constant in everyday life are death and taxes. When it comes to the latter, you will notice two things disturbingly constant to it: long lines and so many items to write. For truckers, one common headache is the filing of IRS Form 2290 when you pay the Heavy Vehicle Use Tax (HVUT). Continue reading
Why Should I not paper file my HVUT Form 2290returns?
What are the benefits with filing HVUT Form 2290online?
Which mode of filing does IRS recommend?
If you are a fleet owner /operator with the above questions in mind, this article is a must read for you. Read through this article to understand the benefits of filing HVUT Form 2290 online.
It is mandatory that Fleet owners and operators filing HVUT Form 2290 for more than 25 heavy highway vehicles need to e-file their returns. It is essential to note that IRS recommends all owner operators, and tax practitioners to file their HVUT form 2290 online.HVUT form 2290 online is nothing but e-filing the HVUT Tax returns. Continue reading
File 2290 taxes online
Anyone with good experience in the trucking or transportation industry will tell you that there are many more business and economic responsibilities for truckers and Owner Operators besides simply getting something delivered at the right time and place. Heavy Vehicle Use Tax, or HVUT, is one of the most common taxes that the IRS imposes on heavy highway vehicles in the United States.
Paying this tax properly involves filing the IRS Form 2290 and then receiving a Stamped Schedule 1from the IRS. This Form is so easy to E-File online, and thanks to Tax2290.com, there is no reason to be late, as you can see from the following points:
The IRS Tax Form 2290 is available now. If your vehicle was first used in July, August, September or October 2011, you are required to file IRS Tax Form 2290 by November 30, 2011. You will not be liable for any late filing penalty or interest if you meet this due date.
Beginning November 1, 2011, we will be able to provide the IRS stamped (receipted) Schedule 1 copy to those who file and pay their tax through http://www.TaxExcise.com / http://www.Tax2290.com Continue reading
File HVUT online
Heavy Highway Vehicle Use (Form 2290) is an excise tax levied on heavy highway vehicles with a gross weight of 55,000 lbs or more, and is used on public highways. Internal Revenue System has framed certain rules for filing tax form 2290. Thus the form should be filed accordingly.
Due dates for filing Form 2290 : Form 2290 must be filed for each month when a taxable vehicle is first used on public highways during the tax year. The tax period for form 2290 begins July and ends June of the following year. The Heavy Vehicle Use Tax (HVUT) Form 2290 must be filed by the last day of the month following the month of first use. The filing rules apply whether you are paying the tax or reporting suspension of the tax. Continue reading