Author Archives: tax expert

Federal Vehicle Use Tax Form 2290 Electronic Filing Benefits with Tax2290.com

The renewal period for HVUT Form 2290 is typically from July 1 to August 31 each year. Normally this 2290 tax is reported between July 1 to August 31, filing after that would get penalties and late filing charges. This year August 31 falls on a weekend and the next business day, September 3rd is the new due date.

Form 2290 must be filed for the month the taxable vehicle is first used on public highways during the tax period. The current period begins July 1, and ends June 30, as stated above. Form 2290 must be filed by the last day of the month following the month of first use. Note. 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 by adding the VIN# of each reporting vehicle. The filing rules apply whether you are paying the tax or reporting suspension of the tax.

Benefits of Form 2290 Electronic Filing.

The foremost is receiving back your IRS stamped Schedule-1 proof instantly, IRS could receive your returns and process it faster than any other way of filing. Choosing online filing or electronic filing eliminated all possible human errors that could happen in a tax return. Let see some of the larger benefits of e-filing with Tax2290.com

efile 2290 HVUT returns

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2nd Quarter IFTA Fuel Tax is due this July 31

It is July, the month that every trucker would remember as their vehicle registration renewal come up. You would be busy doing your Federal Heavy Highway Vehicle Use Tax reporting. Along with this HVUT returns, IFTA Fuel Use Tax is also due this July 31. IFTA the quarterly tax for the 2nd quarter falls due now and July 31 is the deadline to report it.

IFTA Fuel Use Tax can be prepared online at TaxExcise in 3 simple steps, accurate tax math and easy steps. Every quarterly ends this IFTA fuel tax reporting also falls due and need to start working with your bills to get it prepared.

The IFTA license offers several benefits to the interstate/inter-jurisdictional motor carrier. These benefits include one license, one set of decals, one quarterly fuel tax report that reflects the net tax or refund due. These advantages result in cost and time savings for the carrier and the member jurisdictions

An interstate motor carrier operating “qualified motor vehicles” between at least 2 member jurisdictions (The 48 contiguous states of the US and 10 Canadian provinces) must have an International Fuel Tax Agreement (IFTA) license and decals issued by their base jurisdiction. If you have the IFTA license, you must file the Quarterly IFTA Return to your base jurisdiction.

An operating carrier with IFTA receives an IFTA license and one decal for each qualifying vehicle it operates. You are required to submit a quarterly IFTA Fuel Tax return if you have a motor vehicle registered with a gross weight of 26,001 pounds or more and registered with apportioned plates. Filing your Quarterly IFTA tax return is a must even if you haven’t operated your motor vehicle

Preparing your Quarterly IFTA Tax return online saves you a lot of time, automates math calculation and simple, cost effective system to keep your focus on the road not paperwork.

IFTA Tax Preparation is Easy and Simple at TaxIFTA.com!

Prepare and File your 1st Quarter IFTA Return for 2019!

The deadline to file your 2019’s 1st Quarter IFTA Return is April 30th, 2019. A Quarterly IFTA Tax Return must be filed even if the licensee does not operate or purchase any taxable fuel in an IFTA member jurisdiction during the quarter.

 What you need:

  1. Mileage log-whether you use manual trip sheets, GPS, or electronic trip sheets; it is not only necessary to have in order to file your quarterly IFTA return, but you will need these if you are even audited.
  2. Fuel Receipts-you will need to know how many gallons of fuel were purchased in each state.

Options to prepare and file your return:

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Third Quarter IFTA Return for 2018 is Due By October 31st

Did you ever notice that when you put the words “The” and “IRS” together, it spells “THEIRS?”

It is common for all IFTA Licensees to submit fuel tax reports every quarter of the year. The third reporting quarter for IFTA returns (July to September) is due on October 31st 2018, if you prepare and get it post marked before the End of the Month then your return will be considered “Filed on time”.

Information required for preparing an IFTA return: Continue reading →

August 31 last date to report Heavy Vehicle Use Tax Form 2290

Time is running out faster, it is August 29, 2018 and the Federal Heavy Highway Vehicle Use Tax Returns reported on IRS Tax Form 2290 is due now and less time left to report. If You efiled 2290 Today, You Could Have Your IRS Stamped (watermarked) Schedule-1 proof in minutes. It only takes seconds to set up a Free User Account at TaxExcise.com,  If you’ve filed with us before, just sign in to your account. You can come back later, update your information, and file your tax return any time. You also use the same username with the Android and iOS Tax2290 Mobile Apps.

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August 31 is the Due Date to report Form 2290!

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Time to Report Heavy Vehicle Use Tax Form 2290 for 2018

The IRS Tax Form 2290 to report the heavy highway vehicle use taxes can be prepared online using Tax2290.com an IRS Authorized E-file service provider (since 2007), the first ever website authorized by IRS for tax 2290 e-filing. Top rated, less expensive, market leader and truckers first choice for 2290 electronic filing.

Truckers, owner operators and heavy haulers need to report vehicle use tax Form 2290 on vehicles put to use on public highways. IRS Form 2290 is used to report and pay Heavy Vehicle Use Tax, or HVUT. You must file Form 2290 with Schedule 1 annually if a taxable highway motor vehicle, in this case any heavy vehicle weighing 55,000 lbs or more, is registered in your name in the U.S., Canada, or Mexico. Continue reading →

Less Than a Week Remaining to File IFTA Report for 2nd of 2018!

There are not many times I get nervous, but I do a little bit with penalties – Alan Shearer

The Deadline to file second quarter IFTA report for 2018 is quickly approaching.  Here are the List of important Information on what you need to file, and the importance of filing your IFTA taxes.  If you are new to trucking or just started a trucking company, we hope that you will find some very meaningful Information.  We know that you may be feeling a little anxious if you are new to IFTA filing, but our goal is to make the process as easy as possible.  The following are the must have for preparing your IFTA Report Continue reading →

International Fuel Tax Agreement (IFTA) Report for 2nd Quarter of 2018 is DUE NOW!

What is IFTA?

The International Fuel Tax Agreement (IFTA), an agreement among the 48 contiguous states of the United States and the 10 Canadian Provinces, simplifies the reporting of fuel taxes. To avoid Complications involved in preparing multiple reports and paying taxes separately for Each State, IFTA allows Interstate Truckers to prepare and File one consolidated Quarterly Report to their Base jurisdiction.

Due Dates for IFTA: Continue reading →

It’s July and it’s Time to Report Second Quarter IFTA for 2018!

“People were always getting ready for tomorrow. I didn’t believe in that. Tomorrow wasn’t getting ready for them. It didn’t even know they were there.” ― Cormac McCarthy

That was a great Quote and so true that Tomorrow might never come Today is yours and use it to the fullest. As we list down things to what to do let’s start doing it as well. One such very important & unavoidable element in every Interstate Heavy haulers carrier is Preparing & Filing IFTA every quarter. So when he/she starts to prepare his/her IFTA return on www.taxifta.com , it’s good to have the list of below mentioned information handy for a faster & smoother Tax Filing Experience. Continue reading →

Last few days to save 15% of your efile charges at Tax2290.com

 

You’re aware that we’re ready and accepting 2290 Truck Tax Returns for the upcoming tax season 2018-19 well ahead of the scheduled time to make you well prepared and complete your 2290 reporting on time. You also have a reason to pick Pre-Filing, as we bring you 15% off on your efile preparation fee. Yes, avail it using the promo code “EARLYBIRD” and save big on your efforts, time and hard earned money.

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Electronic filing for 2290 Truck Tax returns

It’s time for your 2290 tax form renewal, the heavy highway vehicle use tax is required to be paid annually to the IRS for every truck that drives on public highways and weighs over 55,000 lbs. Once you file your IRS Tax Form 2290, a Stamped Schedule 1 will be provided to you as your receipt for this heavy highway vehicle use tax. A printed copy is required to register your vehicles each year with the state authorities. A copy of the IRS stamped Schedule 1 for the current year available on your account so you can always have access to it.  Continue reading →