“Like mothers, taxes are often misunderstood, but seldom forgotten.” — Lord Bramwell, 19th Century English jurist. Taxes are what we pay for civilized society, Unsure about any other industry but Trucking community and truckers never skip their Taxes. Being said that we know that truckers and the entire Trucking Community are like the seconds hand on a clock working and busy every second. It is quite understandable that they might forget one of the hundred taxes they file.
One such tax that is due only once a year is the Federal Excise Tax Form 2290. This tax Form is always filed in advance that is for the tax year that begins July 2017 and goes on till June 30th 2018, the Taxes have to be paid in 2017 itself. This is just opposite to other taxes that we pay, normally we file our federal income taxes after the end of the tax year it almost common for all other Taxes Except for HVUT form 2290. Continue reading