As the saying goes “Cometh the hour, cometh the man” Our Truckers just simply do not fail to amaze us! When all hope fails they are our first line of defense, being on the front line amidst this COVID-19 crisis, risking their lives to make sure our shelves do not run empty and all the while ensuring that much-needed essentials are transported far and wide across the country. It sure is a tough job and not for the faint-hearted.
We at Taxexcise.com love showing appreciation to our truckers for their dedication and safety, and we would go above and beyond to see that your Form 2290 issues are handled while you’re on the road, something we have been doing for over a decade and are best at. After all, our supply chain depends on your reliable transportation.
A Gentle reminder for trucks that were newly purchased or first put into service in the month of April, the deadline to have these vehicles reported on a 2290 is May 31. Due to the lockdown and social distancing Electronically filing your tax return has come in handy and is the most easiest and convenient option to have your return filed on time, though the IRS offices are closed their E-File services are operational and returns filed online are being accepted within a few minutes.
Under the CARES Act, the Internal Revenue Service (IRS) has
been issuing Economic Impact Payments (stimulus checks) as part of the economic
relief effort. The Internal Revenue Service announced significant enhancements
to the “Get My Payment” tool to deliver an improved and smoother experience for
Americans eligible to receive Economic Impact Payments.
The enhancements, which started last month, adjusted several
items related to the online tool, which debuted on April 15. The additional
changes will help millions of additional taxpayers with new or expanded
information and access to adding direct deposit information.
“We delivered Get My Payment with new capabilities that did
not exist during any similar relief program, including the ability to receive
direct deposit information that accelerates payments to millions of people,”
said IRS Commissioner Chuck Rettig. “These further enhancements will help even
more taxpayers. We urge people who haven’t received a payment date yet to visit
Get My Payment again for the latest information. IRS teams worked long hours to
deliver Get My Payment in record time, and we will continue to make
improvements to help Americans.”
“We encourage people to check back in and visit Get My
Payment,” Rettig added. “These enhancements will help many taxpayers. By using
Get My Payment now, more people will be able to get payments quickly by being
able to add direct deposit information.”
How to use Get My
Payment
Available only on IRS.gov,
the online application is safe and secure to use. Taxpayers need a few pieces
of information to quickly obtain the status of their payment and, where needed,
provide their bank account information. Having a copy of their most recent tax
return can help speed the process.
For taxpayers to track the status of their payment, this
feature will show taxpayers the scheduled delivery date by direct deposit or
mail and the last four digits of the bank account being used if the IRS has
direct deposit information. They will need to enter basic information
including:
Social Security number
Date of birth, and
Mailing address used on their tax return.
Taxpayers needing to add their bank account information to
speed receipt of their payment will also need to provide the following
additional information:
Their Adjusted Gross Income from their most
recent tax return submitted, either 2019 or 2018
The refund or amount owed from their latest
filed tax return
Bank account type, account and routing numbers
Get My Payment cannot update bank account information after
an Economic Impact Payment has been scheduled for delivery. To help protect
against potential fraud, the tool also does not allow people to change bank
account information already on file with the IRS.
Form 720 is filed by businesses that deal with the sale of certain goods and services. These businesses are required to pay extra taxes, known as “Excise Taxes”. This Federal excise tax has four quarters for a calendar year and the deadline for each quarter is last day of the following month i.e, by April 30 for the first quarter, by July 31 for the second quarter, by October 31 for the third quarter and by January 31 for the final quarter. The first quarter of 2020 (for the months Jan, Feb and Mar) is due by April 30. And Even if you are not liable for excise taxes during any of the quarters of the year, you must send in Form 720 according to the due dates.
Due to the ongoing situation many businesses and essential services are closed and do not have any Excise tax to report. Though they have no sale to report they will still need to file out a Form 720 by reporting a Zero Return (Zero Tax Liability).
A zero return substantially means that no sale or
business operations were conducted during that quarter. And Having Form 720
completed essentially allows the business to stay compliant with the existing
norms and guidelines listed by the IRS.
Away from your desk, currently working from home,
and is the tax deadline crunch getting to you, Look No Further !!
To ensure we are able to provide you with the best customer service, our tax experts are at your disposal for any Federal tax-related questions. Feel reach us on our toll-free number @ 866-245-3918 or drop us an email to support@taxexcise.com do also try out our LIVE CHAT option available on the website. We’re available on all Business days between 9:00 AM to 6:00 PM Central Time. Thank you for your support.
Note: The IRS offices might not be at your reach, but they’re fully operational to support E-filing and all the returns filed through our website are being processed by the IRS within minutes.
World Health Organization (WHO) and public health authorities around the world are taking action to contain the COVID-19 outbreak. However, all sections of our society – including businesses and employers – must play a role if we are to stop the spread of this disease.
We encourage all our clients and customers to take the health risks posed by COVID-19 seriously and follow the advice of WHO and guidance issued by national and local health authorities. Also, promote regular teleworking across your organization that will help your business keep operating while your employees stay safe.
We have developed a contingency and business continuity plan during an outbreak of COVID-19 to ensure all our resources are at your assistance for your federal tax e-filing needs. If you have any questions, please feel free to call our Help Desk at 1-866-245-3918 or email us at support@taxexcise.com or use the live chat support available on the website. We’re available on all Business days between 9:00 AM to 6:00 PM Central Time. Thank you for your support.
The IRS offices might not be at your reach, but they’re fully operational to support e-filing and all the returns filed through our website are being processed by the IRS within minutes. We would also like to keep you reminded to e-file Pro-rated Form 2290 which is due TODAY (March 31, 2020) for vehicles first used in February 2020 since July 1, 2019.
Our thoughts are with the ones fighting on the frontline and the families affected by the virus. Stay safe and help prevent the Spread of Coronavirus.
Our heroes never fail to amaze us. If they stop the world stops. Truck drivers brave the new outbreak to deliver goods and services around the country. Though most of the highways are shut down deliveries of groceries and basic supplies have hit an all-time high, with shoppers piling up on supplies. Truckers are working flat-out to keep stores and businesses stocked as consumers worry about riding out home quarantines. Trucking companies are running full throttle to keep up with supply which means as always drivers are needed to stay on the road.
Our greatest strength is our Truckers, we take this moment in appreciating all the efforts taken risking amidst the COVID-19 in delivering the goods/ commodities for the common pubic by staying safe and driving safe, THANK YOU.
We also like to keep you posted that the regular deadline for filing Federal Income Tax Returns has been extended three months, the new deadline to file income tax extension is July 15, 2020, due to the coronavirus outbreak. However, there has been no confirmation on the HVUT Form 2290 filing and tax payment deadline extensions, or for the quarterly federal excise tax form 720 and IFTA. Do tune in or check back with us for any recent updates on tax deadlines. So it would be safer to not miss the current tax filing deadline March 31, 2020, to file Pro-rated Form 2290 due only for vehicles first used in February 2020 since July 1, 2019.
As we navigate this latest economic challenge brought on by the Covid-19 outbreak, we are having to take special measures to keep business “as usual” for our employees and the businesses and owner-operators we partner with. It is important that we provide you the continuous support, guidance with undisrupted service; we’ve taken all the necessary measures to remotely be at your reach through all our 3-way communication. You can reach us for any kind of assistance related to Form 2290, Form 720, Form IFTA, Form 8849 refund claims and status, and Income Tax extension filings by Phone 866-245-3918, Email: support@taxexcise.com & Live Chat support from our website www.TaxExcise.com.
You might not have access to the IRS offices for the filings due to the lockdown, it would be in your best interest to e-file your Form 2290 from home while quarantined. The IRS has been actively processing all Form 2290 tax returns electronically, use our website to get your returns filed instantly. You may also use our Android and iOS app for your filings.
Be safe out there dear truckers while you deliver us the life’s necessities!
