Category Archives: IRS Updates and Tax Tips

What’s Your Choice Penalties or Paying Taxes on time?

Our present time is indeed a criticizing and critical time, hovering between the wish, and the inability to believe. Our complaints are like arrows shot up into the air at no target: and with no purpose they only fall back upon our own heads and destroy ourselves. It’s true that we live in a busy & schedule filled world, but with evolution we have learned to prioritize our tasks and now we know what to do first & the consequences of not doing things on time.

Working behind the wheel is not a job where everything is scheduled; chaotic would be a simpler description of hindrances faced by the hard working, ever busy men and women in the Trucking who almost work round the clock for the betterment of the Nation. Many non constant factors affect their lifestyle HOS, weather, loading and unloading delays, appointments, breakdowns, traffic, etc. Also depends on what they haul, Flat beds don’t usually get unloaded at night. Most shipping hubs are 24/7 but not all receivers. Midst of all these things, time with their beloved ones happens once in a while. Continue reading →

Not Much Time Left to E-file Your HVUT Form 2290!

HVUT is the Heavy Vehicle Use Tax that is a fee assessed annually on heavy vehicles operating on public highways at registered gross weights equal to or exceeding 55,000 pounds. The gross taxable weight of a vehicle is determined by adding the weight of the Truck, Trailer and load.

Heavy Vehicle Use Taxes must be filed using the Form 2290 Annually. The Tax period for Heavy Vehicles begins on July 1st and ends on June 30th of the following year. The annual renewal of your Form 2290 for a new tax period IS DUE BY August 31st each year.  Continue reading →

2290 Amendments, Power to correct Your Mistakes ONLINE!

 

Nobody is error free and cannot claim that he/she has ever committed a mistake. Though E-filing Federal Excise tax Form 2290 is simple & straight forward, one can still commit few minor errors while trying to complete it in a hurry. A mistake once committed is committed & there is no point in simply cribbing about it. One must be brave enough to admit his/her mistake, smart and strong enough to correct them.

IRS is well aware of the fact that Mistakes does happen and also have gifted E-filers with a solution to correct them. There are three such errors that commonly happen when one tries to file Form 2990 that can be corrected by E-filing Tax Form 2290 Amendment. Continue reading →

All you need to Efile Form 2290 through Tax2290.com!

 

There are lot things a trucker has to check on his heavy truck before he could hit the road. We all know preparation is the key to success, once the truck hits the highway the driver is all by himself. It’s always good to have a check list so that he can stay out of trouble. Few important things include Change of Oil and filter it needed. The Tires need a complete inspection before your journey begins, it needs to be checked for wear and tear and pressure as well. All the fluid levels have to be checked, brake fluid, coolant, power steering fluid, transmission fluid and washer fluid too. If the checks show low levels, have the truck serviced.

 

Check you Air Condition if it its summer.

In winter, check the trucks heater system and it’s safe to carry a blanket.

Check your wiper blades always maintain a spare one on the truck.

Make sure all your lights work.

These are few things that a Trucker has to check for a safe road trip. If a routine days work needs so many things checked what about something that you do once a year. Filing of Tax Form 2290 will be done once a year in the month of July and August, if there is no changes made to the fleet between the tax years. As everyone knows any form 2290 reporting 25 vehicles or more has to be filed electronically and the IRS recommends E-filing even for a single truck. So, what are the details you need to gather to file your 2290 electronically? Continue reading →

HVUT Form 2290 for Vehicles First Used In December 2017 is DUE NOW!

 

“Eighty thousand pounds of muscle, blood, and steel in a pile. It’s spectacular.” — Gary Williams

That’s how Every Trucker sees his / her Rig. Truckers always care more about their Vehicle than themselves, not because it’s their Property but because they are proud to serve the great nation and its people. Without them and their sacrifice America will just stand still like the old saying “IF YOU BOUGHT IT, A TRUCKER BROUGHT IT”

Dealing with these hard working & ever busy Community for more than a decade by assisting them with E-filing of their Heavy Highway Vehicle Use Tax (HVUT) Form 2290, since www.Tax2290.com / www.TaxExcise.com – Products of ThinkTrade Inc. are the ONLY DECADE OLD IRS Authorized E-file Service Provider for E-filing Heavy Highway Vehicle Use Tax (HVUT) Form 2290. It becomes our Duty and responsibility to remind the Trucking Community about their Upcoming Tax Deadline. Continue reading →