Category Archives: IRS Updates and Tax Tips

Form 2290 Heavy Highway Vehicle Use Tax (HVUT) COMMUNICATION on 2011 – 2012 filingsFrom IRS!!

Form 2290 Heavy Highway Vehicle Use Tax (HVUT) status update

Background:

Section 4481 of the Internal Revenue Code imposes an annual tax on the use of heavy highway vehicles. This annual tax is reported on Form 2290. Under current law the tax expires after September 30, 2011. The Form 2290 for the taxable period July 1, 2011 has not been published. Continue reading

IRS Update on Form 2290(HVUT) for tax year 2011-12

IRS update for The Highway Motor Truck Taxpayers [IRS Form 2290] for the new tax year 2011-12.

Updated as of June 13, 2011:

The law that governs the annual tax imposed on the use of heavy highway vehicles (Form 2290) expires at the close of September 30, 2011. IRS have not published Form 2290 for the taxable period beginning July 1, 2011 and the form is not available at this time. As soon as we know when the form will be available, we will provide that information on this page. In the meantime, you can still get your tags and register your new or used vehicle. Continue reading

One Billion Served: IRS E-File Passes Major Milestone

File Excise Taxes @ www.taxexcise.com

WASHINGTON — IRS e-file has reached a major milestone as it passed the one billion mark for individual tax returns processed safely and securely since 1986.

The Internal Revenue Service’s electronic filing program started as a pilot project in 1986 and became available nationally in 1990. Prior to the April 18 deadline, IRS e-file passed another high point as more than 100 million individual tax returns were e-filed during the 2011 filing season. Continue reading

IRS Form 2290, Schedule 1 copy in minutes. Yes!!!

Schedule 1 copy in minutes:

Heavy Vehicle Use Tax [HVUT] Form 2290 has to be used to report heavy truck tax to the IRS. When reporting tax on a highway motor vehicle using Form 2290, the IRS stamped Schedule-1 copy will be issued as proof for the payment.

By e-filing your IRS Form 2290, you can get your IRS stamped Schedule 1 copy in minutes. Maximum on the same day of filing, this may be case if IRS receives huge volume of returns for processing. Normally it won’t happen; you’ll be getting your IRS stamped Schedule 1 copy in 60 minutes Continue reading

Getting started for July 2011- June 2012, IRS Form 2290 tax season!!!

IRS Tax Form 2290 is used to report Highway Heavy Vehicle Use Tax. A vehicle which weight 55,000 lbs or more are termed as Heavy Vehicle. It can either be a Commercial Vehicle, Agriculture Vehicle or Logging Vehicle. A vehicle estimated to travel a mileage of more than 5000 miles [7500 miles for Agriculture Vehicle] has to report Form 2290 taxes to IRS. Now IRS Form 2290 can be reported electronically by using a computer at work/home, no need to look for a CPA / Accountant to file your simple tax returns. Efiling is made easy and simple at http://www.Tax2290.com or http://www.TaxExcise.com Continue reading