Being in the Trucking business means drivers will need to travel nationwide and transport goods and services mostly shipped from overseas. This makes them the most vulnerable to come in contact with the corona Virus. And this for instance not only has an adverse effect on Global population but also affects businesses and services, as per recent reports the COVID – 19 Virus has gradually also started effecting the trucking sector in various states around the US.
Continue reading
Tax2290.com the most preferred website to E-File Federal excise tax forms would like to keep you reminded about the upcoming deadline for form 2290. Filing form 2290 is made much easier and less complicated since e-file came into effect, the IRS strongly recommends to E-file if you are expecting to report more than 25 vehicles, this makes processing returns faster and stamped Schedule 1 copies are made available within a few minutes.
The Federal Heavy Vehicle Use Tax needs to be filed by anyone who has registered or is required to register a heavy highway motor vehicle with a taxable gross weight of 55,000 pounds or more in their name at the time of first use on the public highways. This filing deadline is not the same as the Vehicle Registration date. Irrespective of the vehicle registration renewal date form 2290 has to be filed for any vehicle used after July in a tax period by the last day of the month following the month the vehicle was first used on public highways. Form 2290 is due by March 2nd for vehicles first put into service in the month of January 2020.
Continue reading
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.
As per the new bill the Drug and Alcohol Clearinghouse has come into effect from January 6, 2020. Employers, drivers, medical review officers (MROs), substance abuse professionals (SAPs), and consortia/third-party administrators (C/TPAs) must register to access the Clearinghouse. Registration are available at https://clearinghouse.fmcsa.dot.gov/register.
Spoiler Alert !!!
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.
Greetings Taxpayers! TaxExcise.com the only e-file service provider that has been there for over a Decade would like to wish everyone a Happy and a Very Prosperous New Year. Hope this year brings you Good health and a lot more tarmac to cover.
We are more than delighted to state that the waiting period is finally OVER! Yes, we have a piece of good news for taxpayers who are waiting to receive their IRS e-filing acknowledgments including the HVUT Form 2290 stamped sch.1 copies for their tax returns submitted during the shutdown period December 26, 2019 – January 6, 2020.
We would like to appreciate your patience during the IRS shut down, the IRS e-file service is back online and the tax returns are now processed in minutes. The IRS e-file came back up this morning and are accepting electronic tax returns, which means your tax returns submitted during the shutdown will be processed by the IRS today and your e-filing acknowledgments and the IRS stamped sch.1 copies will be sent to your email immediately after.
Since the IRS has officially started accepting returns for 2020 we would like to remind you of the upcoming tax deadlines for January 31st for the following tax forms. Taxpayers can make www.TaxExcise.com their first pit stop to e-file before the deadline.
Our Tax Experts at www.TaxExcise.com / www.Tax2290.com are available to assist you at 1-866-245-3918 and support@taxexcise.com on all Business days between 9:00 AM to 6:00 PM Central Time. You can also drop us a message on the LIVE CHAT option available on our website.
We are always interested in suggestions that would allow us to improve upon our already high standards and encourage you to submit your thoughts here: https://g.page/Tax2290/review
Happy and Safe Trucking!
“Celebrate endings—for they precede new beginnings.” —Jonathan Lockwood Huie
Yet another year to start as time passes by, like an instant we forget to remember things that we ought to do. One of those things is taxes! Yeah, the taxes you hear it right. Amongst the busiest of jobs is what you do constantly on the road to deliver your goods, your prime focus will be on your job but not on anything else. “You need to get it done!” Not to worry, we are here to remind you of anything relating to your trucking needs.
We hope you had a great start of the year and spending time with your families after months-long trips. It’s time to renew your taxes and a total of three things need to be done before the month-end. Do you have a new truck that you bought in the month of December? Well your prorated HVUT Form 2290 taxes are due by January 31st, 2020. And so the Q4 season to renew your IFTA’s and 720 taxes, for the 4th quarter of October 2019 to December 2019 is due by the same date as well. What are you waiting for? Go ahead and report them now instead of rushing up at the last moment. E-file through www.Taxexcise.com / www.Tax2290.com to avoid complicated tax calculations and confusing tax Jargon’s that comes with these Tax Forms.
Also, the IRS servers are still under shutdown for server maintenance since December 26, 2019, but they will resume services starting January 7th, 2020. And any returns filed during the time break and in the next couple of days, your schedule-1 copies will be processed on January 7th, 2020. We hope these reminders would help you kick start your trucking for this year ahead.
Feel free to reach our Team @ 1-866-245-3918 or write to us in support@taxexcise.com or ping them using the LIVE CHAT option available on the website.
We wish you all a Happy New Year and a great year ahead!