Tag Archives: Fourth Quarter 720

Stay compliant with the clearinghouse and the upcoming Tax Deadlines for Form 2290, IFTA and Form 720!

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.

As per the new bill the Drug and Alcohol Clearinghouse has come into effect from January 6, 2020. Employers, drivers, medical review officers (MROs), substance abuse professionals (SAPs), and consortia/third-party administrators (C/TPAs) must register to access the Clearinghouse. Registration are available at https://clearinghouse.fmcsa.dot.gov/register.

Spoiler Alert !!!

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.

List of ThinkTrade Inc’s Services – You Need This Month!

ThinkTrade Inc is authorized and certified by IRS to offer e-filing services for federal excise and extension taxes. There are various Tax Forms, Supported by ThinkTrade Inc under the banner of www.taxexcise.com / www.ExtensionTax.com / www.tax2290.com . One can say for sure that there are no months without some or the other tax deadline. Right now we are in the month of April and we know that there is a huge list of tax Forms that are due this month.

Below are the lists of Tax Forms that are due this Month, than can be filed through ThinkTrade Inc’s Line of Applications: Continue reading

List of Excise Taxes that are due this April!

Life is complex. You don’t have any person who is nice from the beginning until the end. It is our attitude at the beginning of a difficult task which, more than anything else, will affect its successful outcome. Well began is half done. It is always a great idea to schedule all your tasks by the beginning of the month, so that you do not miss any important work that needs your utmost attention.

The month of April has just began, being an IRS Authorized E-file Service Provider it becomes our responsibility to remind Every Tax Payer about upcoming tax Deadlines for the month and where to get it done with ease.

Upcoming Tax Deadlines: Continue reading

HVUT Form 2290 for Vehicles First Used In December 2017 is DUE NOW!

 

Eighty thousand pounds of muscle, blood, and steel in a pile. It’s spectacular.” Gary Williams

That’s how Every Trucker sees his / her Rig. Truckers always care more about their Vehicle than themselves, not because it’s their Property but because they are proud to serve the great nation and its people. Without them and their sacrifice America will just stand still like the old saying “IF YOU BOUGHT IT, A TRUCKER BROUGHT IT

Dealing with these hard working & ever busy Community for more than a decade by assisting them with E-filing of their Heavy Highway Vehicle Use Tax (HVUT) Form 2290, since www.Tax2290.com / www.TaxExcise.com – Products of ThinkTrade Inc. are the ONLY DECADE OLD IRS Authorized E-file Service Provider for E-filing Heavy Highway Vehicle Use Tax (HVUT) Form 2290. It becomes our Duty and responsibility to remind the Trucking Community about their Upcoming Tax Deadline. Continue reading

E-File HVUT Tax Form 2290 Before the Due date Online!

A Perfect Truckers duty is not only transporting goods from one place to another, it also involves a lot of other Social and Economic responsibilities such as paying their taxes on time. Heavy vehicle Use Tax (HVUT) is one of the Taxes imposed by the IRS on usage of Heavy vehicles with a gross weight of 55,000 pounds and above on public Highways.

Though paying taxes is never a joyful experience. Considering the fact that the funds collected from HVUT is used in maintenance of Highways. So if we enjoy something, then we shouldn’t mind paying for it. Few years back the only way to file your Tax Form 2290 was by paper. One should either walk into a local IRS office or has to mail a completed tax form 2290 to the IRS. Both the options are time consuming and involve a lot of complicated tax calculations more over you have to wait in a long queue and a waste a day of yours or wait for week’s sometime even months to get an approved stamped Schedule 1 copy back from the IRS. Continue reading