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, corporations, partnerships, non-profit associations, trusts, estates of decedents, government agencies, certain individuals, and other business entities. Use your EIN on all of the items that you send to the IRS and the Social Security Administration (SSA).

Caution: An EIN is for use in connection with your business activities only. Do not use your EIN in place of your social security number (SSN).


Important Notice For Anyone Filing Truck Taxes for either IRS Form 2290 or Form 8849 !

The IRS is now verifying EIN (Employer Identification Number) much more thoroughly than they have in the past. Previously, The IRS did not always verify the EIN very extensively. As of now, the IRS requires that all EIN’s be at least two weeks old in order to file with them. So, if you have a very new EIN, it would be best to wait at least 2 weeks before filing.
This information will be particularly useful for individual Owner-Operators, as well as Service Providers that file on behalf of many different Owner-Operators.

As IRS recommends e-filing Taxes, www.taxexcise.com is the 1st Certified and approved partner and the best e-file service provider available in the market.

Benefits of Filing Form 2290 with Tax2290.com:
·          Getting Schedule 1 within Minutes
·          Accurate Tax calculation
·          Unlimited vehicle data upload
·          Lower taxes by claiming Credits
·          Support along the way
·          E-filing for Form 2290 Amendment
·          E-filing for Form 720 and 8849(Schedule 1, 2, 3, 5, 6, and 8)
·          No “Hidden or Transaction Fees”
·          Seasonal Pricing benefits
·         File IFTA
·         And a lot more

 Read more @ http://heavytrucktax.blogspot.in/

Taxexcise.com is committed to provide the Best in Quality and Service for all our users, www.Tax2290.com /www.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 2290.Tax2290 is a product of ThinkTrade Inc and a part of TaxExcise.com. We are a BBB accredited company with A+ certification.

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

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