When a new vehicle is put into service, the Form 2290 must be filed by the last day of the following month. If a vehicle was used during any part of a month, the tax will be calculated for that month as a whole. For example, if a vehicle was first used on the road on April 15th, it will be taxed as though it was used the entire month. If you first placed your vehicle on the road anytime in April, you must file your Form 2290 anytime before May 30th, 2017.
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
“According to the IRS, the wealthiest 400 Americans, who earned an average of roughly $270 million in 2008, paid an average tax rate of just 18.2 percent that year. That’s about the same rate paid by a single truck driver in Rhode Island” – Sheldon Whitehouse. Anyone in the Trucking Industry will sure accept to this. Along with the huge responsibility on the condition of the goods they carry on their heavy rigs because the loads that they transit are not their property but they take complete ownership of the timely delivery they also have to remember and take care of the taxes they owe.
Not only the goods they transit become their responsibility, but they have to take care of many things other than that as well. First comes the Vehicle itself, they have to maintain their vehicles and it should be in proper shape to hit the high ways. Trucker’s health, they have to be fit and fine to handle the load and the vehicle. Family Of course, which is the reason they work so hard and stay mostly on the road. Continue reading
Most of the drivers get nervous when they see the flashing lights of a police car on their rear view mirror. Of course, who would like to get pulled over when we are rushing towards our destiny? You like it or not it’s mandatory to show the officer that you are cooperating. The next second those lights come on, make sure that you are being observed and the way you react will decide whether you are going to end up in a problem or not. Continue reading
Few years back, The Internal Revenue Service announced that they will not be mailing Form 2290 Package to Federal Excise tax Form 2290 taxpayers. This initiative was taken to encourage electronic filing (E-filing). Although the IRS has mandated Trucking Companies with 25 or more Heavy Vehicles to e-file, the IRS actively encourages everyone Trucker to file the Form 2290 electronically. The IRS has legitimate reason to do this because filing electronically is the quickest, easiest, and safest way to file tax returns.
Fortunately, it has become incredibly easy to Efile Form 2290 or other Tax forms associated with the Heavy Vehicle Use Tax (HVUT) such as Form 8849 Schedule 6. All you have to do is log on to www.Tax2290.com and start filing. You can file your for Form 2290, 2290 Amendments, Form 8849, Form 720, and Prepare your Fuel Tax report (IFTA) through www.taxexcise.com. Continue reading