Taxpayers should file their tax return on time to avoid costly interest and penalty fees

Taxpayers should file their tax return by the deadline even if they cannot pay their full tax bill. Taxpayers who owe tax and don’t file on time, may be charged a failure-to-file penalty. This penalty is usually five percent of the tax owed for each month, or part of a month that the tax return is late, up to 25%.

If an individual taxpayer owes taxes, but can’t pay in full by the April 18, 2022, deadline, they should:

File their tax return or request an extension of time to file by the April 18 deadline.

  • People who owe tax and do not file their return on time or request an extension may face a failure-to-file penalty for not filing on time.
  • Taxpayers should remember that an extension of time to file is not an extension of time to pay. An extension gives taxpayers until October 17, 2022, to file their 2021 tax return, but taxes owed are still due April 18, 2022. 

Tax Season 2022 and the deadlines are just around the corner, IRS has many ways to pay your tax liabilities and choose a right option to pay the taxes that you owe on-time and complete reporting your tax returns electronically. If you need additional time to report the tax returns apply for Extension of Time using Form 7004 (Business Taxes) and Form 4868 ( Personal Taxes) at https://ExtensionTax.com. 

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Form 2290 Now Due for Vehicles First Used in January 2022

As per the existing IRS norms and regulations, the HVUT Form 2290 for any new vehicles is due by the last day of the month following the month the vehicle was first used on the state or public highways. Any vehicle which was first used in the month of January 2022 is due TODAY, February 28, 2022. And if the vehicle is Taxable you will only be paying a Pro-Rated tax amount from the month first used until the end of the 2290 tax year June 30, 2022. And if a motor vehicle does not exceed mileage 5,000 miles or less (7,500 miles or less for agricultural vehicles) it is considered exempt from tax.

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Pro-Rated Form 2290, Q4 Form 720, and IFTA due by Jan 31st, 2022.

“The time is always right to do what is right” – Martin Luther King Jr.

We at TaxExcise.com / Tax2290.com have always been diverse and play a crucial role in providing a variety of opportunities to electronically submit tax returns to the IRS. Though Paper Filing had previously been a prominent and old school method to complete Tax Returns, due to recent and preceding events most IRS offices insist on having returns completed online.

Being the only IRS Authorised E-File Service Provider that’s over a Decade-Old it is important that we stand up to your expectations, enabling our users both old and new to have their tax returns completed on time and stay compliant with the IRS tax laws.

  • The Federal Heavy Vehicle Use Tax Form 2290 (HVUT) is due by January 31st 2022 for any new vehicle that was purchased or first put into service in December 2021. Be sure to have these vehicles reported on a timely basis before the deadline.
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The IRS efile is now available; HVUT Form2290 and FET Form720 are due by January 31, e-file today!

Greetings Taxpayers! TaxExcise.com / Tax2290.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, 2021 – January 6, 2022.

We would like to appreciate your patience during the IRS shutdown, 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 2022 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.

  • HVUT Form 2290 For New Vehicles first used in the month of December 2021.
  • Tax Form 720 Quarterly Federal Excise Tax due for the 4th Quarter of 2021.
  • Tax Form IFTA (International Fuel Tax Agreement) due for the 4th Quarter of 2021.

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!

Partial Period Federal Heavy Vehicle Use Taxes Electronic Filing

Truck Taxpayers, we bring you the detailed worksheet on how this partial period federal heavy vehicle use taxes are calculated on a heavy highway vehicle that owe FHVUT – Form 2290 with the IRS. Electronic filing is the fastest way to complete a truck tax return with the IRS and receive back the stamped or watermarked Schedule 1 Proof of Payment copies digitally. Tax2290.com the best and most preferred electronic filing service provider since 2007, in fact the first ever IRS authorized electronic filing service provider in the market, servicing the trucking industry since 2007.

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