Rejections on filings done online can be a bit complicated to understand and dealt with, most rejections occur when incorrect information is provided, let us have a brief overview of the rejections that occur and provide you with much needed steps to have that corrected.
Rejections:
- The most common Rejection users face would be for Name Control. This happens mostly due to Three Main Reasons:
- Business name entered on your form does not match with your EIN.
- The EIN must have been applied recently, as the IRS takes 15 business days (excluding weekends and federal holidays) to record your EIN application.
- And you cannot use a SSN (Social Security Number)
- Duplicate Rejection
A Vehicle can only be reported once during a tax period, if mistakenly reported twice the IRS will have the filing rejected as it is a duplicate submission.
- Invalid RTN (Routing Transmit Number)
The IRS gives you an option to pay your tax due amount by using a checking account for which you will need to enter the checking account number and routing number, if the Routing number provided is incorrect your filing will be rejected as it is invalid.
Most rejections mostly occur due to human error and once corrected the same return can be resubmitted for processing.
Payments:
Tax returns filed online for taxable vehicles or vehicles that owe taxes to the IRS would have to select any one of the three payment options:
- EFW (Electronic Funds Withdrawal)
This is the most preferred payment option as it allows the IRS to directly debit your checking account, by providing the checking account number and routing Number the IRS will directly debit the tax due amount.
- EFTPS (Electronic Federal Tax Payment System)
You can pay the tax due electronically to the IRS by visiting www.EFTPS.gov This option allows you to make a faster secured payment. Do not that you will need to be enrolled with EFTPS before you can start processing tax payments.
- Pay Check or Money Order
Commonly known to veterans of the trucking industry as the old school method of payment, where you can mail in payments to the IRS. To complete your filing by choosing this option you will need to attach the Pay Check or Money Order payable to the “United States Treasury” along with the payment voucher (Form 2290-V) which can be downloaded towards the end of the filing. The payment voucher will have detailed information about the address and tax amount.
Irrespective of which payment option you choose you will still receive the stamped Schedule -1 copy and your tax due payment will completely depend on which payment option you choose during the course of your filing.
Reporting New Vehicles (Pro-Rated)
During the course of the year new vehicles can be added by filing a new tax return, taxes for these vehicles would be calculated on a pro-rated basis, which means you only be paying for the month the vehicle started operations until the end of the tax period. The pro-rated deadline to file Form 2290 for vehicles first used or put into service in December is January 31, 2021. Be sure to have new vehicles reported on time to avoid any late filing penalties.
For any tax related questions feel free to reach our fully operational help desk. We’re available on all Business days between 9:00 AM to 6:00 PM Central Time. Our three way line of communication allows you to speak to us by phone @ 866-245-3918 or write to us at support@taxexcise.com, to have your questions answered instantly do also try out the LIVE CHAT option available on the Website.
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