Tag Archives: Efile 2290 truck tax

EFW

IRS Form 2290 Payment through EFW [Direct Debit]

EFWTax payers reporting tax on a Highway motor truck can make IRS tax payments in three different ways

Electronic payment options are convenient, safe, and secure methods for paying taxes or user fees to the IRS. Taxpayers can authorize an electronic funds withdrawal, use a credit or debit card or enroll in the U.S. Treasury’s Electronic Federal Tax Payment System (EFTPS)®. IRS is the only authorized body to debit your account or process for tax payments.

Electronic payment options give taxpayers an alternative to paying taxes or user fees by check or money order. Payments can be made 24/7. The electronic funds withdrawal and EFTPS options are free!!!  Continue reading →

Use Form 720: Excise Tax on indoor tanning tax due Jan. 31

Reminder: Excise Tax on indoor tanning tax is due by Jan. 31

Use IRS Form 720, Quarterly Federal Excise Tax Return to report and pay the indoor tanning tax due by Jan. 31. Act fast and report it electronically at www.TaxExcise.com

What is taxable indoor tanning service?

Taxable indoor tanning service means a service employing any electronic product designed to incorporate one or more ultraviolet lamps intended for the irradiation of an individual by ultraviolet radiation, with wavelengths in air between 200 and 400 nanometers, to induce skin tanning Continue reading →

Congress Passes Tax Credits for Alternative Fuels!

Late Thursday evening in Washington, D.C. Congress passed the 2011 tax package, which includes incentives for the purchase of alternative fuels. According to the Associated Press, the package consists of “A series of incentives for selling, using and producing alternative fuels, including ethanol. Many of the provisions expired at the end of 2009. They would be extended through 2011. Cost: $11.3 billion” (Associated Press). In addition, the tax extension includes tax credits provided to property owners, both residential (up to $1,000) and commercial (up to $30,000), for installing electric vehicle charging systems in their home or workplace. In a press release the Electric Drive Transportation Association stated, “We applaud Congress for extending these charging station tax-credits for the growth of plug-in electric vehicles in the U.S.”. In addition, the U.S. Senate and House of Representatives reinstated a biodiesel tax incentive that had been eliminated in 2009. In an announcement presented on the Biodiesel.org website it said, “The biodiesel tax incentive is structured in a manner that makes the fuel price competitive with conventional diesel fuel in the marketplace.” (www.biodiesel.org). Lastly, the new Tax Bill for CNG and propane, “…extends the 50 cents per gallon excise tax credit retroactively for calendar year 2010 and through December 31, 2011. It also extends tax credit incentives for developing natural gas fueling infrastructure,” (www.tradingmarkets.com). All of these tax credits and incentives are expected to be signed into law by President Obama today, Friday December 17, 2010.

These alternative fuel and technology tax credits and incentives will continue to help the U.S. become more educated about alternative fuel energies, create more U.S. jobs and become less dependent on foreign oil- a step forward to ensuring air quality for future generations.

File your Form 8849 credits at www.Tax8849.com / www.TaxExcise.com today and get instant approval from IRS. It’s easy, simple and secured to do it online. It eliminates credit form errors and make claims easy. Also allows you to get your money faster from the IRS.

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