Try IRS e-file: After 21 years, IRS e-file has become the safe, easy and most common way to file a tax return. Last year, 70 percent of taxpayers – 99 million people – used IRS e-file. Starting in 2011, many tax preparers will be required to use e-file and will explain your filing options to you. This is your chance to give it a try. IRS e-file is approaching 1 billion returns processed safely and securely. If you owe taxes, you have payment options to file immediately and pay by the tax deadline. Best of all, combine e-file with direct deposit and you get your refund in as few as 10 days. Continue reading
Category Archives: Truckers Need
New Years greetings!!!
The holidays are a great time for keeping in touch with family and friends. It’s Holiday Season!!! ThinkTrade, Inc. and TaxExcise.com wishes you all a very Happy and a Prosperous New Year, 2011.
May the dawning of this New Year, fill your heart with new hopes, open up new horizons and bring for you promises of brighter tomorrows.
Happy and Safe Trucking!!!
TaxExcise.com / Tax2290.com
–always with you–
Congress passes TAX CREDITS for alternative fuels, e-file your claims at Tax8849.com
Congress passes TAX CREDITS for alternative fuels on 12/17/2010. You may be eligible to claim the refund if you used ethanol or propane. Time is running for this year, go to www.Tax8849.com and e-file your claims right away…
www.Tax8849.com is the only website to support all schedules in Form 8849 including Schedule 1, 2, 3, 5, 6 and 8. Act fast today and file your claims on time. It’s EASY, SIMPLE, QUICK and SECURED to do it online with www.TaxExcise.com / www.Tax8849.com.
Congress Passes Tax Credits for Alternative Fuels!
Late Thursday evening in Washington, D.C. Congress passed the 2011 tax package, which includes incentives for the purchase of alternative fuels. According to the Associated Press, the package consists of “A series of incentives for selling, using and producing alternative fuels, including ethanol. Many of the provisions expired at the end of 2009. They would be extended through 2011. Cost: $11.3 billion” (Associated Press). In addition, the tax extension includes tax credits provided to property owners, both residential (up to $1,000) and commercial (up to $30,000), for installing electric vehicle charging systems in their home or workplace. In a press release the Electric Drive Transportation Association stated, “We applaud Congress for extending these charging station tax-credits for the growth of plug-in electric vehicles in the U.S.”. In addition, the U.S. Senate and House of Representatives reinstated a biodiesel tax incentive that had been eliminated in 2009. In an announcement presented on the Biodiesel.org website it said, “The biodiesel tax incentive is structured in a manner that makes the fuel price competitive with conventional diesel fuel in the marketplace.” (www.biodiesel.org). Lastly, the new Tax Bill for CNG and propane, “…extends the 50 cents per gallon excise tax credit retroactively for calendar year 2010 and through December 31, 2011. It also extends tax credit incentives for developing natural gas fueling infrastructure,” (www.tradingmarkets.com). All of these tax credits and incentives are expected to be signed into law by President Obama today, Friday December 17, 2010.
These alternative fuel and technology tax credits and incentives will continue to help the U.S. become more educated about alternative fuel energies, create more U.S. jobs and become less dependent on foreign oil- a step forward to ensuring air quality for future generations.
File your Form 8849 credits at www.Tax8849.com / www.TaxExcise.com today and get instant approval from IRS. It’s easy, simple and secured to do it online. It eliminates credit form errors and make claims easy. Also allows you to get your money faster from the IRS.
Help Desk: 1-866-245-3918 Email: support@taxexcise.com
Claims for Refund of Excise Taxes – Form 8849
The IRS has recently added fraud involving the fuel tax credit to the list of frivolous tax claims being put forth by individuals and businesses. The credit has very defined criteria and applies generally to farmers and fisherman who use fuel for off-highway business purposes. There are some individuals who are trying to claim the credit when in fact their occupation or income level makes the claim unreasonable. If you attempt to claim a tax credit or refund, and it is not justified, you can be liable for up to $5,000 in penalties.
The tax credit is a possibility under the right, and narrowly defined circumstances. Basically, it works like this:
A federal excise tax is imposed on gasoline ($.184 per gallon), clear diesel fuel ($.244 per gallon), and clear kerosene ($.244 per gallon). The amount of these taxes may be credited or refunded if these fuels are used in many types of off-road uses. Common off-road uses include use as heating oil, use in stationary engines, use in non-highway vehicles, and use in separate engines mounted on highway vehicles. Continue reading