We have an important message about your Form 2290 tax returns, today is the deadline to file Form 2290 HVUT tax return for vehicles first used since September 2020. So if you bought a new truck and put it in service in the month of September 2020 but haven’t filed your Form 2290 tax return yet, you must prepare and file it by today, November 2nd, 2020
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Deadlines are constant reminders that allow you to get tax returns completed on time and also stay compliant with the IRS. Paying taxes before the due date always gives you the upper hand.
We at www.taxexcise.com/ www.tax2290.com would like to keep you reminded of the forms that are due by end of this month:
In general, an excise tax is a tax is imposed on the sale of specific goods or services, or on certain uses. Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco and other goods and services.
Businesses that are subject to excise tax generally must file a Form 720, Quarterly Federal Excise Tax Return to report the tax to the IRS. Excise taxes are imposed on a wide variety of goods, services and activities. The tax may be imposed at the time of
Many excise taxes go into trust funds for projects related to the taxed product or service, such as highway and airport improvements. Excise taxes are independent of income taxes. Often, the retailer, manufacturer or importer must pay the excise tax to the IRS and file the Form 720. They may pass the cost of the excise tax on to the buyer.
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The Federal Heavy Vehicle Use Tax Form 2290 needs to be completed by owner-operators and business owners alike who are registered or are required to register a heavy highway motor vehicle. Electronically filing Form 2290 enables you to receive your Schedule 1 in a few minutes rather than waiting a few months on forms mailed in. This filing deadline is not the same as the Vehicle Registration date, Irrespective of the vehicle registration renewal, form 2290 has to be completed for any vehicle used during 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 September 30 for vehicles first put into service in the month of August 2020.
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The moment we have all been waiting for is here and it’s about time we roll out the Red Carpet. This year’s National Truck Driver Appreciation Week falls between September 13-19 and most certainly takes on a special significance considering the crucial role truck drivers played during the recent COVID-19 pandemic. A shout out to all our heroes who have kept our country running by transporting the most essential goods and services.
The pandemic has been tough on all of us and it really takes a true hero to beat the odds and transport much-needed life’s essentials. Our truck drivers have always been the backbone and lifeline of our Great Country and We at Taxexcise.com would like to take this opportunity to applaud and congratulate all the amazing souls that have been keeping our country running during these difficult times.
We would also like to keep you reminded to stay compliant with upcoming tax deadlines. Form 2290 is due on September 30, 2020 for vehicles that were first put into service in the month of August.
For users who have questions on your tax returns do reach our help desk for added support. To have maximum outreach in terms of customer service feel free to use our three-way line of communication, you can reach us at 866 – 245 – 3918 or write to us at support@taxexcise.com, LIVE CHAT support is also available that allows you to connect with our agents and get your questions answered instantly.
Stay Safe, Stay compliant, and Keep on Trucking!