We would like to thank
all our registered users for all the positive vibes that have come our way,
this helps us to constantly keep monitoring and upgrading our level of service.
Though E-File is the
preferred way to go about completing form 2290 it certainly does have its share
of questions, and having seen over a decade of tax returns let’s now take a
look at the most general and frequently asked questions.
Yupp!! You got that right. It’s time for another round of questions and answers! So let’s begin:
Tax2290.com the most preferred website to E-File Federal excise tax forms would like to keep you reminded about the upcoming deadline for form 2290. Filing form 2290 is made much easier and less complicated since e-file came into effect, the IRS strongly recommends to E-file if you are expecting to report more than 25 vehicles, this makes processing returns faster and stamped Schedule 1 copies are made available within a few minutes.
The Federal Heavy
Vehicle Use Tax needs to be filed by anyone who has registered or is required
to register a heavy highway motor vehicle with a taxable gross weight of 55,000
pounds or more in their name at the time of first use on the public highways.
This filing deadline is not the same as the Vehicle Registration date.
Irrespective of the vehicle registration renewal date form 2290 has to be filed
for any vehicle used after July in 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 March
2nd for vehicles first put into service in the month of January 2020.
A shout out to all our truckers and fraternity of the Trucking Industry. TaxExcise.com the first authorized service provider by the IRS and the only service provider that has seen over a decade of tax returns pass by would like to keep you reminded that “Until further notice, paying the Heavy Highway Vehicle Use Tax by credit card or debit card is no longer available”.
3 Tax Forms,
3 Days, One Place to get it all Completed at TaxExcise.com !!
In the fast-paced Trucking Industry overcoming deadlines is the most essential part to stay compliant with the IRS, missing out on these crucial deadlines will result in penalties with interest for late filing. It feels like this year has just begun, but we are almost at the end of the first month of 2020. The interesting fact about the month of January is that you have Three Tax Deadlines corresponding together on January 31st.
CAUTION !! Deadlines Ahead.
Form 2290
Was your vehicle used for the first time in December 2019?
Form 2290 is due by
January 31st for vehicles first put into service in the month of
December 2019. You must file Form 2290 for these trucks by the last day of the month following the month
the vehicle was first used on public highways.
Form 720
Form
720, Quarterly Federal Excise Tax Return has to be reported by the last
day of the month following the calendar quarter, this form is filed every quarter
to report taxes imposed on the manufacture, sale or usage of certain type of
goods and products and the deadline for the 4th quarter of 2019 is January 31st. Failure to file or late filing will result
in penalties with interest.
IFTA
International Fuel Tax Agreement report is filed for vehicles that travel in at least 2 or more IFTA jurisdictions. All reports will house the amount of fuel used and mileage covered for each jurisdiction traveled. IFTA fuel reports are due four times a year, the last day of the month after each quarter closes. Prepare this report for the fourth quarter of 2019 before the January 31st deadline.
With Three Tax Form deadlines fast approaching every day counts, the last few days will see an exceptional amount of returns being processed by the IRS, beat the deadline race by filing online using www.taxexcise.com / www.tax2290.com. Our user-friendly website allow users to report and complete tax returns in a cost-effective and timely manner. Returns processed online do get a quicker response and are accepted in just a few minutes.
Need Help Filing Online?
Do not worry, Our Tax Experts are just a phone call away. And did you know that we are the only online service provider that can be reached by Phone, Email and Live Chat? Yes, you heard that right, our three-way line of communication gives users multiple options for assistance. You can reach us @ 866-245-3918 or just drop us an Email @ support@taxexcise.com, do also try out our LIVE CHAT feature available on the website.
TaxExcise.com
has been the most preferred website for E- filing since 2007 and is the first IRS authorized service provider, through
the course of all these years we have set our standards to a certain level so
as to gain expertise and knowledge about any new updates, which in turn helps
us to serve you better.
The start of the New Year naturally brings with it new responsibilities that make us pause and tread with caution. The Trucking Industry has an unstable market and makes us all wonder what the government will do next since New Laws and Regulations are quite common in the trucking business.
A new transportation bill was passed by Congress which will allow the
trucking industry to create more jobs and strengthen our transportation system
by monitoring and improving highway safety.
The Clearinghouse is a secure online database that will
give employers, FMCSA, State Driver Licensing Agencies, and State
law enforcement personnel real-time information about CDL driver drug and
alcohol program violations, thereby enhancing safety on our Nation’s roadways.
This new rule will allow employers as well as the FMCSA mandate drug and
alcohol testing programs. This will allow employers to know if the hired driver
is capable of performing functions safely while operating a vehicle.
That being said, let’s get back to business, we would also like to keep
you reminded about the upcoming tax form deadlines. The following tax forms are
due by 31st January 2020.
HVUT Form 2290
Any vehicle used after July in a tax period would only pay a pro-rated
tax amount due
by the last day of the month following the month the vehicle was first used on
public highways. Form 2290 is due for vehicles first put into service in the
month of December 2019, January 31st will be the last day to file Tax
Form 2290 on those units.
Tax Form 720
Form 720 is used to pay the quarterly Federal Excise Tax that is prepared by any business that deals with goods and services subject to excise tax. Excise Tax Form 720 for the 4th is due on or before January 31, 2020, do have this completed on time to avoid any penalties with interest for late filing.
Tax Form IFTA
The International Fuel Tax Agreement is also due Quarterly for drivers who travel between two or more member jurisdictions (48 states and 10 Canadians Provinces) this report needs to be filed and taken to their respective Local Jurisdictions for renewing their IFTA license. Tax Form IFTA for the 4th Quarter of 2019 is also due by January 31, 2020.
You might also be wondering about how to get these forms completed as soon as possible and most importantly before the deadline. We at www.taxexcise.com / www.tax2290.com are here to make your filing experience as easy as possible. If you are already a customer, just click on the above link to log in to your account and report the tax returns. But if you are not a customer yet, it is never too late to start on a smooth and easy path that will make your filing experience less complicated and convenient. Just click on the link and join thousands of businesses and owner-operators that are currently using our E-file services.
Do
not miss out on the January 31st deadline to report these forms as
failure to report or file on time will result in penalties and interest.
In order to assist you better, we are one of the few providers that has
a three way line of communication, this allows our users to reach out to us for
any tax related questions or advice. You can reach our Tax Experts @
866-245-3918 or you can also email us @ support@taxexcise.com,
do also try out our newly upgraded Live Chat Option available on the website.
