Taxes aren’t everyone’s favorite part of life, but if we take care of them before the deadlines, we can eliminate the stress. Recently filing tax forms and paying tax fees has been a stressful task due to the pandemic, but there is more to it, the “HVUT”. The Heavy Vehicle Use Tax (HVUT) is an annual charge imposed on heavy vehicles with recorded gross weights of 55,000 pounds or more that travel on public highways. The weight of the truck, trailer, and load are added together to calculate the total taxable weight of a vehicle.
Heavy Vehicle Use Taxes must be filed on an annual basis using Form 2290. The Heavy Vehicles Tax Cycle starts in July and the filing deadline is August 31st for each cycle. But this is not the same for the new vehicles first put into service mid-tax year. For instance, March 1st, 2021, Today, is the due date to file Form 2290 for any new vehicle or vehicle first used in the Month of January.
The Heavy Vehicle Use Tax Form 2290 is due for renewal every year before August 31. Taxes are part and parcel of any business and it is unavoidable. One such tax filed by Truck Owners and Trucking Companies is the Heavy Vehicle Use tax (HVUT) Form 2290. This Tax must be filed annually for any heavy vehicle with a gross weight of 55,000 pounds or above. Since the tax Period for HVUT starts from July and ends in June the Tax is paid in advance by the beginning of Tax Year, the due date to have Form 2290 renewed for Tax Period 2020 – 2021 is August 31.
“Opportunities are like sunrises. If you wait too long, you
miss them.” William Arthur Ward
Trucking is not just a job it is a way of life. Every driver will always
try to seize an opportunity to make the best out of it. Missing out on an
opportunity to file and prepare taxes will not only result in penalties but
also interests for late filing. With the deadline looming just a few weeks away
we would like to keep you reminded to have the 2290 HVUT completed on time and
stay compliant with the IRS.
Now you may wonder with the deadline at the end of the month, why file
ahead?
FORM 2290 IS DUE NOW FOR 2020 – 2021, E-FILE NOW TO RECEIVE STAMPED SCHEDULE-1 COPY IN MINUTES!
The circle of
friendship is a place of warmth and care, where people of all walks of life come
together for listening and sharing. A place of kindness and trust, a place for
tears, joy and laughter too. We are glad to share this circle with a special
trucker like you. We at Taxexcise.com would like to wish every passionate
trucker a Happy Friendship Day, well as the saying goes “A friend in need is a
friend Indeed”.
Commemorate this pact of friendship with a discount on the E-file preparation fee. Since this being the last month to renew the HVUT Form 2290 for 2020-2021, we would like to kickstart August with a 10% discount on Form 2290 valid until Aug 2nd, use code TAXBUD10 to avail an instant discount of up to $40 on the service fee.
e-file Form 2290 before IRS shutdown to receive stamped sch.1 copy within minutes.
Does Santa use a reindeer or a truck? We believe that our
truckers are Santa Clauses in disguise. This holiday season with Christmas
around the corner we would like to appreciate the trucking community who would
be spending this busy season in making millions of families happy, after all
the best gift around the Christmas tree is the presence of family wrapped in
love, we at Taxexcise.com would like to wish our Santa’s a Very Merry
Christmas.
And we would also like to remind you to not miss out on the
December 31st deadline for any new vehicles first used in November.
We also hope that you are aware that just after Christmas the
IRS will be shutting down operations for a routine maintenance, so be sure to
file your 2290’s before their downtime.
The IRS E-file Servers will be shut down for Year-End Maintenance every year by Christmas to prepare their systems for the upcoming Tax Year’s Filing. The IRS has posted it on their official website www.irs.gov that the MeF Production Shutdown/Cutover is scheduled to begin at 11:59 a.m., Thursday, December 26, 2019, to prepare the system for the upcoming 2020 Filing Season.
During the Shutdown period, the IRS will not accept or process any E-filed tax return. Though the IRS servers will be down, www.Taxexcise.com / www.Tax2290.com – Product of ThinkTrade Inc., will continue to accept tax returns. The tax returns that are filed during the Shutdown/Cutover time will be held securely on our servers and will be submitted to the IRS once their Servers are up and running, which is expected ONLY by the first week of January 2020.
Truckers, Trucking Companies & Tax Preparers who have returns to file for the Month of December are advised to E-file their Heavy Vehicle Use Tax Form (HVUT) Form 2290 before Christmas Weekend so that you won’t be bothered by the E-file Shutdown.
The IRS may not be available to assist you during the shutdown period but Taxexcise.com and its Tax Experts will be available to assist you even during the Production cutover time. Feel free to reach our Team @ 1-866-245-3918 or write to us @ support@taxexcise.com or ping them using the LIVE CHAT option available on the website.
