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Showing posts from May, 2012

IRS Changes EIN Limit To One Per Day !!

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Effective May 21 , the IRS will begin issuing only one EIN (employer identification number) per responsible party each day, a change from the current limit of five per day. This limit applies to all requests for an EIN whether online or by phone, fax or mail. This policy was implemented to ensure fair and equitable access to all applicants with legitimate tax administration-related needs. It also ensures the EIN system continues to operate effectively. What is an EIN? An   Employer Identification Number (EIN)   is a nine-digit number that IRS assigns in the following format: XX-XXXXXXX. It is also known as a   Federal Tax Identification Number   and is used to identify the tax accounts of employers and certain others who have no employees. However, for employee plans, an alpha or the plan number may follow the EIN. The IRS uses the number to identify taxpayers that are required to file various business tax returns. EINs are used by employers,   sole proprietors , corpora

File Bulk Vehicles Hassle Free with Tax2290.com

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Do you possess bulk number of vehicles? Do you find it difficult to upload data for multiple vehicles? Are you searching for the apt software that offers bulk uploads facility? Worry not, Tax2290 offers you the facility to accomplish the task successfully. With Tax2290 you can easily upload bulk vehicle details. Let us now see the various other benefits offered by Tax2290 to its tax payers.  Tax 2290 : Is an IRS authorized e-file provider, thus is a very reliable and secure e-file service provider. Is designed by experts with 2 decades of tax experience. So you can expect professionalism and precision in the service provided by Tax2290. Has a Tax Meter showing the user’s tax due or refund at every step. Thus you can track the progress of your filing process instantly. Provides Bulk Uploads facility for unlimited vehicle data upload. You need not key in data one by one and waste time. You can save time and energy using this facility. Acts as One stop shop for Excise

E-File For VIN Correction With Tax2290.com

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When you have Vehicle identification numbers (VIN) of up to 17 characters with mixed numbers and letters, mistakes happen. For example, You type 5 instead of S. Let’s say that you file form 2290 and pay $550 to IRS and get your Schedule 1  You take it to the DMV or the Carrier, then you realize that the Schedule 1 has the wrong VIN. What do you do?  Thanks to IRS and Tax2290.com , IRS introduced VIN correction using form 2290 in 2009, a couple of years after introducing E-filing for Form 2290 . If you make a mistake in VIN, you can send an amended Form 2290 to IRS and get the Schedule 1 corrected. But the bad news was that VIN Correction on Form 2290 can’t be E-filed, it must be printed and mailed in. It took 4-6 weeks to get the corrected Schedule 1 from IRS. All this changed in 2011, when Tax2290.com , working with IRS, started to E-File VIN Corrections and was able to get the corrected Schedule 1 in minutes .  Adding to it Tax2290.com   added additional features like

E-File IRS Form2290 Amendment with Tax2290.com

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IRS wants you to file an amendment to the originally reported Form 2290, if filed with incorrect information. There are 3 types of amendments IRS offers for  e-filing : Increase in taxable gross weight: Amendment is filed if the taxable gross weight of a vehicle increases during the period and the vehicle falls in a new category. For instance, an increase in maximum load customarily carried may change the taxable gross weight. Report the additional gross weight for the remainder of the period on Form 2290 and also mention the month in which the taxable gross weight increased. IRS Form 2290 amendment must be filed by the last date of the month following the month in which the taxable gross weight increased.  www.Tax2290.com  helps you to report the extra gross weight and accurately calculates the additional taxes. Suspended Vehicles exceeding the mileage use limit: Amendment is filed if the mileage of the suspended vehicle exceeds from the previous reported mileage

Tax Form 2290 - A Quick Introduction.

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Tax season is among the most dreaded times for businesses. If you have a firm that owns a fleet of trucks, its time to know about the tax form 2290 . How important is tax form 2290? :  If you drive a vehicle, you've probably experienced the ups and downs of highway use . Highways can sometimes be in good condition and at other times in bad shape. Such things happen as certain roads degrade due to the large amount of vehicles passing through it on a daily basis. In theory, more heavy vehicles passing on roads imply more weight put on pavements. Weight increases the natural wear and tear and inevitable destruction of highways. The tax form 2290 retains structural integrity of highways by providing the government proper funding for road maintenance. Part of the funds would go to fixing certain areas with potholes or cracks. Others may go to looking at road safety to figure out if repairs should be made. Overall, it will help highways become safer for everyone. Should

10 Reasons to Become a Truck Driver

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Truckers handle the transportation of goods such as retail and building materials, as well as hazardous materials. While the work can mean long hours on the road and time away from home, especially for long-haul truckers, the job also comes with a number of benefits. Many of those benefits remain unavailable to those working in professions that require regular office hours: Excellent Pay A major reason people choose to become truck drivers is the potential for excellent pay. According to Truckers Dispatch, truck drivers remain in high demand across the nation. This allows even drivers new to the industry to command excellent starting pay. Self-Employment Truckers who own their own trucks and trailers can venture into self-employment, by subcontracting through other companies or by cutting deals directly with companies in need of shipping services. Self-employed truckers enjoy the freedom of controlling their business from the ground up. Travel Truck driving provides an opportunity

Filing Error Free Tax 2290 Returns

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Tax form 2290 filing is a tough task when it is done using paper filing. E-filing technology has made this process really easy and error free. E-filing is nothing but the process of submitting your HVUT form 2290 electronically over the internet. Generally there are possibilities for mathematical errors while calculating the returns for Tax Form 2290 . But currently e-file service provider Tax2290.com have enabled the use of tax calculators that help in eliminating these mathematical errors. Tax calculators are nothing but software that easily calculates the total tax that you need to pay with Form 2290 . Tax2290.com is an efficient e-file provider , which has automated the tax 2290 return filing . Thus the automated process takes care of avoiding Data or forms omission, and Carriage of numbers to wrong lines. While you e-file your return , all your sensitive data are handled by the system only. The inbuilt provisions in e-filing service enable data maintenance effici

File IRS HVUT Form2290 on Time and STAY ON

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Those in the trucking business really know what a problem it could be to file for a Heavy Vehicle Use Tax Form 2290 each year. You will find long lines to wait in and a lot of paperwork to prepare. This could be annoying, specifically when you've got big rigs that need to be driven, offices that have to be managed, and employees that require constant guidance. Time is definitely a crucial component in a trucker's life. If you cannot meet delivery schedules, then expect to deal with irate customers as soon as you reach your destination. Back in the day, filing a Form 2290 for trucks was done at the nearest Government office. This all changed in 2008 once the electronic tax Form 2290 came into existence. Because of this online solution, it is now easier to fulfil your yearly obligation as a truck driver or owner. The reason why the Heavy Vehicle Use Tax came into existence was to protect America's roads from deterioration. Each year, a huge number of trucks