Tag Archives: hvut due August 31st

4 more days left to file the IRS form 2290

There are 125 more days for the year to end but only 4 more days for the time to file HVUT returns to come to a halt. This means that if you own a taxable vehicle of gross weight 55, 000 pounds or more, you need to file form 2290 on the same for the tax year 2012-2013 to the IRS before the 31st of August, 2012. It usually is the end of the day. But this time, the IRS has announced that it will be shutting down its e-file system for maintenance activities by 1.00 PM EDT on 31st August, 2012.

The last minute filing heat has already started spreading and the deadline has come further down from the EOD of August 31 to 1.00 PM of the same day. So, compile details about your vehicle(s) like VIN, date first used on public highway, gross taxable weight etc and sit before a computer connected to the internet. Key in ‘www.tax2290.com’ in the address bar of your internet explorer and you will be routed to a safe on-line tax filing center. Continue reading

What happens when you file your tax returns late?

Be it form 2290 or any other tax form, IRS considers late filing with an implied penalty. Here’s a 1985 case that I recently read which educates the importance of filing taxes on time and the danger of doing it late.

George’s mother Mary (names changed) died for some reason and had previously appointed her son as the executor of her will. George, involved in his business all the time, retained John (name changed again) as to serve as the attorney for the estate in his hands. John responsibly informed George about the federal estate tax return that he had to file but missed to mention the due date. The return was due within nine months of the decedent’s death as per law. Having the experience of only being the executor of the will and not any bit about federal estate taxation, he completely relied on John for instructions and guidance. He also provided John with all relevant information and records required for the return filing. George’s family was in constant touch with John and enquired about the proceedings of the return preparation while every time they were assured that everything would be done well before time. Apparently, John had overlooked the matter because of a clerical oversight in omitting the filing date from his calendar. After a brief meeting between the two, the return was finally filed, three months late. Continue reading

Tax Form 2290 – Difference Between Last Year and This Year

HVUT is one of the important taxes filed by every trucker and trucking company across United States every year. As the month of July is just four days away, the biggest question on everyone’s mind in trucking business is when is the Annual Tax Form 2290 to be filed.

Though everyone in Trucking Business know the annual renewal of Tax Form 2290 is due in the month of July and August every year, there is a big confusion that prevails in Every Trucking Brain this year. The reason behind this confusion is that, there was a brief delay in IRS accepting the Tax Form 2290‘s last year (2011-2012). This happened because the Congress did not make up their minds till October in passing the Transportation Bill.

Finally the decision was made in the month of October 2011 by the Congress and the Transportation Bill was passed rather it was renewed for one more year. So the IRS took few days to act to the decision made in Washington DC and started accepting the Tax Form 2290’s in the month of November and the deadline was fixed as 30th of November.

So every Trucker on the Highway has a big load on their back and a bigger question in their mind. WHEN IS THE 2290 FILING DUE THIS YEAR(2012 – 2013)? Not only Owner Operators even huge Trucking Companies, Book Keeper’s, CPA’s and Attorneys have the same question.

The answer is that the IRS is ready to accept the annual 2290 Tax forms for 2012 – 2013 by the 1st of July, Yes the filing dates have been restored to the Traditional filing dates. You can file for your annual renewal of HVUT Form 2290 starting July 1st till August 31st without any Penalties or Interest.

So the news is confirmed, the new PDF’s for 2012 to 2013 for Form 2290 has been already released by the IRS and the Instructions are clear to Authorized Efile Service Providers like Tax2290.comIRS will Be Accepting Tax Form 2290 For 2012 – 2013 Starting July 1st.

Every Truck Driver who knows to shift gears, also know that the Tax Form 2290 can be filed On-line Simply through www.Tax2290.com

For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at support@taxexcise.com