Hello truckers, welcome back to our blog. A new week is here, and so here is a new blog post for you all truckers to read and enrich your possessed knowledge. You can also contribute to the topics, you would like our tax experts to speak on. We would surely appreciate it. So next time you are looking for something and you don’t come across, don’t forget Tax2290.com is there for your rescue.
Today we would talk all about Third Party Designee and give you a clear picture about the same. You have been paying form 2290 every year for the vehicles weighting more than 55,000 pounds. Each time you file your form online, the application asks you if you would like to assign a third party designee for your form 2290. Some skip, some do assign. However, let me ask you this, have you ever assigned a third party designee for your taxes? Well, if not, you can learn the advantages and may be from next time you can make the better utilization of the option served by IRS.
There would be many reasons for not assigning a designee for your tax discussion; however, today we will speak about the roles and recognition’s of a Third Party Designee.
Purpose of Third Party Designee:
Well, if you want any of your employee or business head, a return preparer or any other third party who deals with your financial returns, can discuss with IRS about your form 2290 in your absence. While filing form, check on “Yes” to authorize IRS to speak with the designee to answer the questions shot by IRS related to the information noted in form 2290. Also, you are authorizing the designee for:
- · Exchange of information concerning form 2290 with IRS,
- · Request and receive written tax return information related to form 2290, including copies of notices, correspondence, and account transcripts
It is important to mention the designee’s name, phone number and the five digits that person choose as his/her personal identification number (PIN). The authorization applies only to the tax return on which it appears. However, the taxpayer is not authorizing the designee to bind the taxpayer to anything, that includes additional tax liability or otherwise represent the taxpayer before the IRS.
However, do note that the authorization would expire in a year’s time from the due date. You can revoke the authorization by writing to IRS. Check IRS official website for more information.
Other than that, we would like to remind you that, if you have bought your vehicle on road in the month of February, form 2290 should be filed by March 31st of the same year. So, gear up truckers today is the last date to file your tax return. Filing online is easier and faster, and much more advantageous with Tax2290.com. Our tax experts are all around you to support you with your queries, assist you in filing form 2290 and getting your schedule 1 copy in minutes.
Any other queries related to truck tax or you would like to share your feedback about our application, do feel free to get in touch with our Tax Experts at 1-866-245-3918 or shoot an email to support@taxexcise.com. We will showcase our finesse through our services. Experience it once! Happy filing.