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Showing posts from September, 2011

IRS recent updates on HVUT form 2290 Truck Tax !!

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Updated as of September 28, 2011 Congress has passed and the President has signed an extension of the Heavy Highway Vehicle Use tax through September 30, 2012. By November 30, 2011, taxpayers will be required to file Form 2290 for the full year on vehicles first used in July, August, September and October 2011. Although the Form 2290 is expected to be available in late October, the IRS will not provide a stamped (receipted) Schedule 1 until November 1, 2011. In the meantime, you can still pay your 2010 excise tax, get your 2011 tags and register your new or used vehicle. Paying Your 2010 Excise Tax IRS e-file is not currently available for the tax period beginning July 1, 2011, but you can still e-file your 2290 tax return for the tax period July 1, 2010 through June 30, 2011. Choose the IRS authorized e-file provider that’s best for you. Getting Your Tags and/or Registering Your Vehicle You can get your tags for the tax period beginni...

Payment Options for HVUT

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There are 3 ways through which a fleet owner or a tax professional can make payment to the IRS for the HVUT form 2290 , When its E-filed through Tax2290.com    Direct Debit (EFW)  EFTPS Check or Money Order Direct Debit (EFW) A Direct Debit or Electronic Funds Withdrawal  is the most commonly used and most recommended Payment Option to pay the Tax Dues on HVUT form 2290 .The Fleet Owner or the CPA who files the HVUT input their Bank account information like Bank Name, Account Type, Account Number, Routing Transit Number, Which will be forwarded to the IRS along with your Electronic submission of your form 2290 HVUT .The IRS initiates the direct debit from the account based on the bank account information provided by you during the submission of form 2290 . Your bank account information is safe and secure and will only be used for the payment authorized by the taxpayer. No unauthorized withdrawals will be made.  ...

Reasons To File Your Taxes Electronically With Taxexcise.com

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As per the IRS 2 out of 3 tax returns were filed electronically . Taxexcise.com is an I RS authorized E-file service provider for filing excise taxes like form 2290 , form 8849 , form 720 . Here are three important reasons to e-file your tax return . It’s fast: When you E-file your Excise taxes with Taxexcise.com it gets filed much faster than filing it by paper to the IRS. If there is an error on the Tax return you are filing, it will instantly be identified and can be corrected. If you choose to file your refund claims electronically , you will have it processed quicker than a paper filed return .       It’s safe:   TaxExcise.com is fully committed in protecting your tax information and e-filed returns are protected by the latest technology. In 20 years, nearly 800 million e-filed returns have been processed safely and securely by the IRS.   It’s Simple:   When you E-file your Excis...

Form 2290 Will Not Be Mailed Anymore

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The IRS recently announced that they will not be mailing Form 2290 to taxpayers from this year. This decision was taken due to the increase in electronic filing . It is also to encourage to file electronically as well. The IRS had a valid reason to do this because filing electronically is the quickest, easiest, and safest way to file your form 2290 .   Fortunately, it has become very simple to file Form 2290 or other Tax forms associated with the Heavy Vehicle Use Tax (HVUT) such as Form 8849 ( Claim for refund of Excise taxes ) and 2290 Amendments . All you have to do is go to www.Tax2290.com and start filing. You can file your Form 2290 , Form 8849 ,and your 2290 Amendments all in one place.   This easy to use Application allows you to complete the process in no time and asks questions in plain English, not confusing tax terms . There are special pricings for Owner-Operators who need to file for multiple vehicles . Tax Practitioner and Book keepers will be ben...

2290 Amendments

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When a form 2290 is filed with incorrect information about the vehicle, IRS wants you to file a form 2290 amendment to have it corrected . There are three types of amendments available for form 2290 .     1.Increase in Taxable Gross Weight     2. Suspended vehicles  exceeded mileage     3. VIN Correction Increase in Taxable Gross Weight This amendment is filed if the taxable gross weight of a vehicle increases during the given Tax year and the vehicle falls in a new higher category. For instance, if a vehicle was filed with a taxable gross weight of 55,000lbs and has to haul a load which makes the Truck,Trailer with the load more than 55,000lbs. When this happens,   a 2290  amendment  needs to be filed, and the IRS issues a new Stamped Schedule 1 with the corrected gross weight category printed on it.  This should be by the last day of the month following the month in which the taxable gross weight increased. ...

Tax2290.com All-In-One Provider of U.S Federal Tax Forms 2290 and 8849

Tax2290.com has everything you need to to file your truck taxes online . It is packed with all sorts of features that benefits Owner Operators , Trucking Companies , Book Keepers and CPA's filing HVUT . One of the most commonly filed IRS forms among those in the Trucking Industry is the IRS Form 2290 , and a proof for filing it is a stamped Schedule 1 issued by the IRS.Which is one of the most required document need to be produced at the DMV during the registration of the Vehicle and also to get the Tags With Tax2290.com , you can easily file this IRS form online in minutes. After E-filing Form 2290 with the IRS through Tax2290.com , the person filing will receive Free Email Notification with attached Schedule 1copy which is Stamped by the IRS. Tax2290.com also offers an optional Text Message  reminder and faxed copy of the Schedule 1 to the fax number provided. When creating your Form 2290 online, Tax2290.com will automatically create a Form 8849 for credits if...

Why Tax2290.com?

                When it comes to e-filing excise taxes, We are best in the business. There are several reasons why we are the best. We're really good at what we do, and what we do is make taxes easier for you. Industry Leaders:                        We are the first people to design a software for efiling excise taxes to the IRS. We have more than a decade experience in providing software solutions to various  industries. We were the ones who e-filed the first 2290 to the IRS and since then no looking back. We have numbers to prove that we are industry leaders and the we are the ones who e-file the most number of returns every year with the IRS.     IRS Authorized:                       We are the first I RS authorized   e-file  provider, which means we work closely with the  I...