PREFILING IS BACK WITH TAX2290 AND GET READY TRUCKERS

Time ticks now for Federal Vehicle Use Tax Form 2290 reporting and we at Tax2290.com is all set to start with accepting 2290 return for the new tax year July 2020 – June 2021.

 

 

Form 2290 – Federal Vehicle Use Tax Return:

The IRS tax form 2290 is used to prepare and report the highway heavy vehicle use taxes on motor vehicles with a taxable gross weight of 55,000 pounds or more. This generally includes trucks, truck tractors and buses. The tax of up to $550 per vehicle is based on gross weight category and expected miles driven (5,000 miles for general vehicle and 7,500 miles for agriculture vehicle) on public highway. Form 2290 and Schedule 1 must be filed for the tax period beginning on July 1, of this year and ending on June 30, of successive year.

Form 2290 Electronic Filing:

Tax Form 2290 can be electronically prepared and reported through TaxExcise.com. It is always easy, safe and quick when you choose to file 2290 returns electronically, IRS as well will receive your returns process it faster and issues you back the stamped Schedule-1 after accepting it. Electronic filing eliminated possible human errors, does automatic math and transmits your return directly to the IRS. The fastest way of filing your 2290 truck tax returns is only when you e-file with TaxExcise.com.

Electronic filing is required for each return reporting and paying 2290 tax on 25 or more vehicles. However, all taxpayers are encouraged to file electronically. Electronic filing generally allows for quicker processing of your heavy highway vehicle use tax return. A stamped Schedule 1 can be available within minutes after filing and acceptance by the IRS.

Form 2290 Due Date:

Form 2290 must be filed for the month the taxable vehicle is first used on public highways during the current period. The current period begins July 1, and ends June 30. Form 2290 must be filed by the last day of the month following the month of first use, and if any due date falls on a Saturday, Sunday, or legal holiday, file by the next business day.

If you first use multiple vehicles in more than one month, then a separate Form 2290 must be filed for each month. The filing rules apply whether you are paying the tax or reporting suspension of the tax.

Electronic filing is by and large the best way of reporting 2290 heavy vehicle use tax returns with the IRS and through TaxExcise.com you get the best available resources. The most trusted and rated website since 2007.

Call us at (866) 245 - 3918 or mail us at support@taxexcise.com for any suggestion and queries. Rest assured, our Tax Experts would never let you go wrong!