We have been through an unpredictable ride in 2020 that had made living life quite hard for people across the globe. But as we end the year, let us leave behind the bad memories and embrace the new year, 2021, with much-needed hopes and happiness.
With the New Year ahead of us we tend to get excited as it marks a new beginning and enables us to start with a clean slate with new goals, dreams, and resolutions. Here’s to a bright New Year and a fond farewell to the old. May all your heart’s desires come true.
Deadlines are constant reminders that allow you to get tax returns completed on time and also stay compliant with the IRS. Paying taxes before the due date always gives you the upper hand.
Form 2290: The Federal Excise Tax Form 2290 also known as Heavy Vehicle Use Tax (HVUT) is due by November 2nd for any new vehicle that was purchased or first put into service in the month of September.
IFTA: International Fuel Tax Agreement is due by November 2ndfor the third quarter of 2020. IFTA is filed for vehicles that travel in at least 2 or more IFTA jurisdictions. All reports will have the amount of fuel used and mileage covered under each state jurisdiction traveled. IFTA fuel reports are due four times a year, the last day of the month after each quarter closes. Prepare this report for the third quarter of 2020 before the November 2nddeadline.
Today is August 31st, which means it officially is the last day to E-file
our Heavy Highway Vehicle Use (HVUT) Tax Form 2290 for Tax Year 2020– 2021. So
log onto www.TaxExcise.com / www.Tax2290.com – Products of ThinkTrade Inc. Be sure to have Form 2290
completed before midnight today, failure to complete before the deadline will
result in penalties for late filing with Interest.
TaxExcise.com
has been the most preferred website for E- filing since 2007 and is the first IRS authorized service provider, through
the course of all these years we have set our standards to a certain level so
as to gain expertise and knowledge about any new updates, which in turn helps
us to serve you better.
The start of the New Year naturally brings with it new responsibilities that make us pause and tread with caution. The Trucking Industry has an unstable market and makes us all wonder what the government will do next since New Laws and Regulations are quite common in the trucking business.
A new transportation bill was passed by Congress which will allow the
trucking industry to create more jobs and strengthen our transportation system
by monitoring and improving highway safety.
The Clearinghouse is a secure online database that will
give employers, FMCSA, State Driver Licensing Agencies, and State
law enforcement personnel real-time information about CDL driver drug and
alcohol program violations, thereby enhancing safety on our Nation’s roadways.
This new rule will allow employers as well as the FMCSA mandate drug and
alcohol testing programs. This will allow employers to know if the hired driver
is capable of performing functions safely while operating a vehicle.
That being said, let’s get back to business, we would also like to keep
you reminded about the upcoming tax form deadlines. The following tax forms are
due by 31st January 2020.
HVUT Form 2290
Any vehicle used after July in a tax period would only pay a pro-rated
tax amount due
by the last day of the month following the month the vehicle was first used on
public highways. Form 2290 is due for vehicles first put into service in the
month of December 2019, January 31st will be the last day to file Tax
Form 2290 on those units.
Tax Form 720
Form 720 is used to pay the quarterly Federal Excise Tax that is prepared by any business that deals with goods and services subject to excise tax. Excise Tax Form 720 for the 4th is due on or before January 31, 2020, do have this completed on time to avoid any penalties with interest for late filing.
Tax Form IFTA
The International Fuel Tax Agreement is also due Quarterly for drivers who travel between two or more member jurisdictions (48 states and 10 Canadians Provinces) this report needs to be filed and taken to their respective Local Jurisdictions for renewing their IFTA license. Tax Form IFTA for the 4th Quarter of 2019 is also due by January 31, 2020.
You might also be wondering about how to get these forms completed as soon as possible and most importantly before the deadline. We at www.taxexcise.com / www.tax2290.com are here to make your filing experience as easy as possible. If you are already a customer, just click on the above link to log in to your account and report the tax returns. But if you are not a customer yet, it is never too late to start on a smooth and easy path that will make your filing experience less complicated and convenient. Just click on the link and join thousands of businesses and owner-operators that are currently using our E-file services.
Do
not miss out on the January 31st deadline to report these forms as
failure to report or file on time will result in penalties and interest.
In order to assist you better, we are one of the few providers that has
a three way line of communication, this allows our users to reach out to us for
any tax related questions or advice. You can reach our Tax Experts @
866-245-3918 or you can also email us @ support@taxexcise.com,
do also try out our newly upgraded Live Chat Option available on the website.
In our day-2-day lives, We have always been stuck with deadlines, deadline to submit a project, deadline to submit a proposal but none of these is compared to the deadline for filing and paying our dues to Uncle Sam, defying the deadline by Uncle Sam will be considered egregious and could be an imminent threat not only to us but also to our lively hood. And with the Form2290 expiring by June 30th we are all in a rush to file our return on a timely manner.
Having said that, we at www.taxexcise.com have decided to provide a
lasting solution to the relationship between you and the IRS, and with the
E-filing option and us being the first to obtain IRS approval as an E-filing
service provider you are assured of an outstanding experience.
As your Tax form 2290 for the period July 2018 through June 2019 will expire by the end of June, you have to renew them For TY2019 Immediately. Avail 10% OFF your e-file service fee when you renew your TY2019 Form 2290 at www.Tax2290.com.
www.TaxExcise.com / www.Tax2290.com – Products of ThinkTrade Inc., has already begun to accept Form 2290 for the upcoming Tax Year 2019 – 2020 on a Pre-filing Basis. By Pre-Filing your HVUT Form 2290 you will be among the First set of Tax Filers who will be receiving their Stamped Schedule 1 Copy, the Proof for filing Your HVUT.
The IRS May not accept your tax returns
until the Tax period begins, however you can Pre-File them using www.TaxExcise.com / www.Tax2290.com, Your Tax return will be
submitted to the IRS as soon as they open the E-filing Gates. You will be among
the ones who will be receiving their Stamped Schedule 1 copies in the First
week of July.
For support feel free to reach us @
1-866-245-3918 or write to us @ support@taxexcise.com
or Ping our Tax Experts using the LIVE CHAT Option on the Website.
