July is not only known for our nations Independence Day but also for several Tax Due dates! While the Ever busy trucking community is busy renewing their Form 2290 for Tax year 2017 – 2018, there are other Excise taxes that are due this month as well.
Below is the list of taxes that are due now:
Form 2290: Heavy Highway Vehicle Use Tax (HVUT) Form 2290 is due for annual renewal for Tax year 2017 – 2018. This Tax Form is always paid in advance i.e. for tax year 2017 – 2018 you file it in 2017 itself. Though you have time until the end of August to renew your Heavy vehicle use tax it is highly recommended that you E-file it right away through www.Tax2290.com , because if you have not renewed it yet, it means you are operating your vehicle with an Expired Schedule 1 copy. It always good to avoid the last minute rush so, Efile it now and stay ahead of the crowd.
Form 720: Quarterly Federal Excise Tax Form 720 is due now for the second quarter of 2017. There are several categories for which one has to file Quarterly excise tax form 720 like Indoor tanning, environmental tax etc. But there is one specific category that is filed only once a year along with second quarter Form 720 i.e. Patient Center Outcome Research Fee (PCORI) this Tax is filed only once a year in Form 720 with second quarter filing. Failing to report and pay Form 720 on or before July 31st will attract huge penalty and interest. This complicated tax Form can easily be E-filed through www.taxexcise.com .
IFTA: International Fuel Tax Agreement report has to be filed every quarter by Truckers operating in more than one state. This particular Tax report involves a lot of tax computation and tax rates that differs from state to state and according to the fuel type and gallons of fuel purchased in each state and miles traveled in each state. Preparing this report by ourselves is close to impossible and is prone to errors. Simply Log on to www.TaxIFTA.com / www.taxexcise.com and get this report prepared in minutes and get them post marked on or before July 31st to avoid late filing fee and penalty for late payment.
One stop shop for all the above mentioned Taxes is www.Taxexcise.com / www.Tax2290.com / www.Taxifta.com . For any help or assistance in filing the above mentioned returns feel free to reach our Tax Experts @ 1-866-245-3918 or write to them @ support@taxexcise.com or ping using the Live Chat Option on the website, We care so much about our users so we are open even on Weekends to assist weekend filers.