In general, an excise tax is a tax is imposed on the sale of specific goods or services, or on certain uses. Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco and other goods and services.
Businesses that are subject to excise tax generally must file a Form 720, Quarterly Federal Excise Tax Return to report the tax to the IRS. Excise taxes are imposed on a wide variety of goods, services and activities. The tax may be imposed at the time of
It is October and time for the 3rd Quarter Federal Excise Tax reporting. If your business deals with quarterly excise taxes and liable to report it to the IRS then make sure you report and pay this by November 2, 2020 as the usual due date October 31, 2020 falls on a weekend, the due date is pushed to the next business day.
Electronic filing is the simple and easy process to prepare your 720, Quarterly Federal Excise Tax returns. By answering simple interview questions you can complete your excise tax returns in minutes. Electronic filing makes sure that you have all the information for the IRS to process your quarterly return and accept it.
Thank you truckers for the great show during this 2290 Tax Season, thousands of truckers preferred electronic filing over paper return or manual filing. Glad we were able to support majority of truckers this season like the previous years, awesome response and we should definitely register our Big Thank You for the support. Along with so many other things affected by the COVID-19 pandemic, truckers have to keep this 2290 tax payments added to their checklist with no extension of time or exemptions. IRS insisted to make the tax 2290 payment by August 31 for the current tax period July 2020 – June 2021.
The vehicles that is put to use in July 2020 has to be reported and paid by August 31, 2020; likewise for vehicles first used in August has to be reported and paid before September 30, 2020. At TaxExcise.com you can still report and pay 2290 taxes for the tax year 2020 – 21 on your heavy vehicles. IRS watermarked Schedule 1 Proof of Payment is sent to your registered email once IRS accepts.
The highway use tax (HVUT Form 2290) applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more. 2290 tax returns must be filed and tax payments must be paid by August 31 for the heavy motor vehicles used on the road during July. The deadline generally applies to Form 2290 and the accompanying tax payment for the tax year that begins July 1, 2020, and ends June 30, 2021. For motor vehicles first used after July, the deadline is the last day of the month following the month of first use.
Today the d-day for 2290 truck tax reporting and electronic filing is the best way to have this reported and paid with the IRS. TaxExcise.com a product of ThinkTrade Inc. is in full swing supporting the truckers to have this 2290 taxes reported on time. The Truckers who is missing out this August 31, 2020 deadline would end up paying more as late filing charges, penalty and interest on the tax amount. Why pay more? act fast and report your 2290 truck tax returns online. It is easy, fast and safe to do it at TaxExcise.com. Top Rated and Market Leader for all Federal Excise Taxes.
Form 2290 eFiling Support
TaxExcise.com the most experienced and the first website to get authorized by the IRS since 2007 is working in full swing to help truckers and owner operators to have this 2290 Truck Tax returns reported and paid to the IRS on-time. The IRS processes and issues you the Watermarked Schedule 1 Proof of Payment with a date on it would act as an acknowledgement to have your vehicles renewed or registered with the federal agencies.
Talk to us at 866 – 245 – 3918, we have multiple lines to accommodate any number of calls to help you with your 2290 efiling. You can also connect with us through a LIVE Chat support from our website. Writing an email can help us to keep track of your support ticket and help you instantly.
Today August 31, 2020 and the Internal Revenue Service reminded Truckers to report and pay the 2290 Truck Tax Dues for the tax year July 2020 – June 2021. Today Monday and expecting to receive huge volume of 2290 returns so advised to start early to have your return processed at the earliest and to receive the IRS watermarked Schedule Proof of Payment copy instantly. TaxExcise.com a product of ThinkTrade Inc. is available throughout the day to help you. Please reach us at 866 – 245 – 3918 or write to us at firstname.lastname@example.org. We’re also available in LIVE Chat support to help you with your questions.
Choose electronic filing to complete your 2290 truck tax filing on-time, it is easy and fast to report and pay the taxes with the IRS. IRS Watermarked Schedule 1 Proof of Payment is sent to your inbox immediately once IRS accepts it.
2290 Electronic Filing – August 31 Due Date
Electronic filing or E-File is required for reporting IRS Form 2290 and paying taxes on 25 vehicles or more in a tax return. However, all taxpayers are encouraged to file electronically as it allows for quicker processing of your 2290 tax return. When e-filed a stamped Schedule 1 proof can be available within minutes after filing and acceptance by the IRS.
Every trucker or owner operator is insisted to avail the benefits of electronic filing as it is the fasted way of getting your return processed by the IRS, the stamped schedule-1 proof is made available immediately to your inbox.
Anyone who owns and operates heavy motor vehicle with the taxable gross weight and expected to drive 5,000 miles (7,500 miles for Agriculture Use) must report and pay tax 2290. You may be an individual, limited liability company (LLC), corporation, partnership, or any other type of organization (including nonprofit, charitable, educational, etc.) Form 2290 must be filed for the month the taxable vehicle is first used on public highways during the current period.
2290 Call Support:
Though some taxpayers have the option of filing Form 2290 on paper, the IRS encourages all taxpayers to take advantage of the speed and convenience of filing this form electronically and paying any tax due electronically. Taxpayers reporting 25 or more vehicles must e-file. Here are the benefit that you could enjoy by choosing e-file; • The IRS Stamped Schedule-1 proof will be made available in just minutes once IRS accepts • No math required, as the website will take care of all tax calculation automatically • 100% Accurate, 100% Simple and 100% Easy, hassle free filing experience • Get Instant TEXT Alert in your cell phone once IRS completes processing your tax return • IRS Stamped Schedule-1 by FAX when you subscribe for it.
Call us at 1-866-245-3918 or mail us at support@TaxExcise.com for any support.