Posts

Showing posts from October, 2011

When is a vehicle Considered Taxable or Suspended.

Image
IRS  form 2290  is used to pay  Heavy Highway Vehicle Use Tax  (HVUT).  IRS form 2290  payment is set up to help provide funding to federal states to repair the roads damaged due to running of  Heavy highway vehicles . Extensive running of  Heavy highway vehicles  weighing more than 55,000 pounds can cause repairs on the road. Thus the taxes collected through  IRS Form 2290  helps for the maintenance and repair as well as a variety of other programs to keep the roads to function properly. Any vehicle that has a gross weight of 55,000 pounds requires a form 2290 to be filed but there are two major categories they are classified under.They are Taxable and Suspended. TAXABLE VEHICLE: Highway motor vehicles  that have a taxable gross weight of 55,000 pounds or more and runs over 5000 miles   (7,500 miles or more for agricultural vehicles )  are taxable.  A  Highway Motor Vehicle  includes any self-propelled vehicle designed to carry a load over public highways, whether or not al

IRS Begins PTIN Renewals for 2012 Filing Season

Image
Oct. 20, 2011 WASHINGTON —The Internal Revenue Service today announced that the nation’s 738,000 tax return preparers who have Preparer Tax Identification Numbers (PTINs) can now renew their PTINs for the 2012 filing season. Preparers are required to renew their PTINs on an annual basis and need to do so before the next year begins. For example, a preparer’s PTIN for 2012 must be renewed by Dec. 31, 2011. Anyone who for compensation prepares, or helps prepare, all or substantially all of tax returns or claims for refunds must have a PTIN. Paid return preparers must have valid, current PTINs to prepare tax returns in 2012. The PTIN renewal fee for 2012 is $63. The initial application fee for a PTIN remains at $64.25. Return preparers who obtained their PTINs by creating an online account should renew their PTINs at www.irs.gov/ptin . Preparers who used paper applications to receive their 2011 PTINs will receive an activation code in the mail from the IRS which they

How to E-file HVUT with Tax2290.com

Image
E-filing HVUT Form 2290 with Tax2290.com is a cake walk. Few simple steps and you have your form 2290 is done. However, to make your filing process even more simple we have help texts available on every single screen.Still If you have any sort of doubts or queries you can feel free to reach us. REGISTER First  step to begin E-filing with Tax2290.com is to register with us and to create a user name and password for yourself. In this step you will be keying in very basic information about  you and your contact information like your phone number and Email address. BUSINESS INFORMATION The very next and important step is   filling in your business information like EIN number, Business name, Business Address and the name of the Signing Authority for the business . Completing this step means your are ready to E-file your 2290 to the IRS. FILING PROCESS Your actual filing process starts form here Where you input data about your vehicle. Answer simple yes or no type of questions abou

Services We Offer & Benefits You Get.

Image
When it comes to excise taxes , we got everything you need! Our smart and simple application can help you file your  Form 2290 , Form 2290 Amendments  and  Form 8849  in minutes.  You may have a single truck or a fleet of millions, our application can keep you moving. Here are some of the great features you’ll enjoy when you file with  Tax2290.com . Appropriate tax calculation No complex calculation or spreadsheets will be shown to you. You key in the numbers, Our application does the rest. Simple system Help text windows and clear instructions are available on all the pages. We have done everything possible to make your filing process simple. Industry Experts No one has more experience with excise tax e-Filing  than we do. We are the first certified partners with the IRS for efiling form 2290 We know the in and out of form 2290 . Bulk upload Do you have thousands of Truck to file for? There is no need to enter each VIN individually. Our application has a bulk upload feature that

Significant Features of TaxExcise.com

Image
Various excellent Tax features are presented by our outstanding online tax application . Some of the excellent feature of our Tax application includes: Tax Calculator Full Service Option Tax Practitioner Benefits Cost effective Price list Security TEXT Alert Schedule 1 copy by FAX Tax Calculator Tax Calculation is a procedure used to calculate income tax , tax refund and tax deduction. Our Tax return software lessens the tax liability burden, facilitating the regulations of Internal Revenue Service ( IRS ). As per Internal Revenue Service ( IRS ) new regulations, new making work pay credit term for qualified person is incorporated into the tax calculator . Unique Features of a Tax Calculator Tax calculator helps

Key Points To Keep In Mind While E-filing Your Form 2290

Image
Tax2290.com is a one stop solution for filing your Form 2290 (Heavy Truck Use Tax) to the IRS Always double check the tax information you enter in your 2290 returns to avoid future problems. Key points to Remember while e-filing your Tax Form 2290.  Always E-file your 2290 returns with Tax2290.com  Review your Federal Tax ID or EIN( Employer Identification Number )  Review your Tax Year and Month first used  Review all your VIN Numbers ( Vehicle Identification Numbers )   Sign your return electronically with a PIN number  Choose the IRS payment option you are comfortable with  Review all the information  Check your Business Name Carefully   E-File Your 2290 Return Choose the IRS payment option you are comfortable with : There are Many options available to pay the HVUT  to the IRS.  Direct Debit or EFW: IRS will debit the tax due directly from your bank account. EFTPS: You have to make the payment to the IRS by logging in to EFTPS.gov. Check or Money Order: IRS also sup

Salient features of Tax2290.com

Image
It is just not to boast about our company but on a very genuine note, we believe in giving the best to our customers. Our goal is to make the Truck tax filing process as easy as possible for the truckers and tax professionals as we understand how busy their work schedule is and don't have time to stand in long queues and spend a full day in excise tax filing process . Few prominent features of Tax2290.com that cannot be found anywhere else. SAFETY AND SECURITY -  Our Application is 128 bit encrypted SSL (secured socket layer) for all communication between the Tax payer, our server and the IRS. Hence making sure that transmission of your information from our server to IRS is secure, safe and hacker proof. TRUSTED AND AUTHORIZED EFILING SERVICE –   Tax2290.com is IRS authorized e file service provider . We work closely with IRS to provide our customers with fast, secure and trusted e filing of form 2290 . STAMPED SCHEDULE 1 IN MINUTES –  Most of the e-file providers

Form 2290 E-filing Vs Paper filing.

Image
Heavy vehicle use tax (HVUT) is filed by truck owners and Trucking companies that has and uses vehicles of weight 55000 lbs and more. Hence, if you are a truck owner and having vehicle of 55000 lbs and above and have used the vehicle for 5000 miles and above (7500 miles for agricultural vehicle), then it is mandatory that you file form 2290 and pay the taxes on time to save yourself from huge penalties. Also if you own a heavy vehicle of weight 55000 lbs and above and have used a vehicle less than 5000 miles (7500 miles for agricultural vehicle ), still you have to file form 2290  but as a suspended vehicles where you will be exempted from paying taxes. Moreover, the best way which even the IRS recommends is to  file form 2290 electronically . Reason why you should go for e-file rather than paper file is: Easy and Fast – If you decide to paper file form 2290 , you will have to  rush to the IRS office, stand in long queues, ignoring your other essential tasks and end up wasting a