Greetings! You have landed at the right place in case you have been wondering why everyone’s talking laurels about e-filing over paper for long now. Obviously, you go green immediately, without wasting paper products of our beloved little left trees. The ability to file your tax returns round the clock throughout the week right at your desk at home makes life very comfortable and easy. The speed of the entire tax return process dramatically increases with e-filing over paper due to advanced internet capabilities thus saving you money and energy worked out on postage/fax/courier/delivery charges, which of course can be used over a million other valuables. Continue reading
Keep Records For All Your Registered Highway Vehicles!!
Prevention is better than cure’ is one of the oldest phrases that we hear from time to time. In business when it comes to financial matters, it is important to keep records of all transactions as a precaution; be it small or a big transaction. The sole and the most important reason to perform business activities is to earn profit; increase the zeros in our bank accounts. At the same time, we want to make sure that no mistakes or problems occur while earning those hard earned dollars for IRS or anybody else to snatch it away from us. Hence we need a good recordkeeping system that can actually help you save money. Keeping records to maintain the progress of our business is just as important. As per the IRS, Keep records for all taxable highway vehicles registered in your name for at least 3 years after the date the tax is due or paid, whichever is later. They must be available at all times for inspection by the IRS. When it comes to filing tax 2290, it is important to maintain records for the following reasons: Continue reading
Does A Form 2290 Needed On An Exempt Vehicle?
IRS Form 2290 is used to pay Heavy Highway Vehicle Use Tax (HVUT). IRS Form 2290 payment is set up to help provide funding to federal states to repair the roads damaged due to running of Heavy highway vehicles. Extensive running of Heavy highway vehicles weighing more than 55,000 pounds can cause repairs on the road. Thus the taxes collected through IRS Form 2290 helps for the maintenance and repair as well as a variety of other programs to keep the roads to function properly.
Any vehicle that has a gross weight of 55,000 lbs or more requires a Form 2290 to be filed with the IRS. And the taxes are paid on vehicles which runs 5,000 miles or above.
Tax2290.Com Truckers One Stop Solution!
There is a lot of paper work involved, and you have to comply with many legal formalities when filing any federal tax Forms. For truck drivers and heavy duty vehicle owners, IRS Form 2290 Tax must be paid and a stamped schedule-1 copy must be received before truck permits are granted on each heavy duty vehicles. Continue reading
Checklist for Filing Tax for 2290 Online
There are lot things a trucker has to check on his heavy truck before he could hit the road. We all know preparation is the key to success, once the truck hits the highway the driver is all by himself. It’s always good to have a check list so that he can stay out of trouble. Few important things include Change of Oil and filter it needed.The Tires need a complete inspection before your journey begins, it needs to be checked for wear and tear and pressure as well. All the fluid levels have to be checked, brake fluid, coolant, power steering fluid, transmission fluid and washer fluid too. If the checks show low levels, have the truck serviced. Continue reading