All posts by taxexpert

Pay PCORI Fee in SECOND QUARTER Federal Excise Tax Form 720 and JULY 31 is the due date

The Federal Excise Tax returns for the 2nd Quarter of 2020 is now due and July 31 is the due date to report and pay the taxes with the IRS. Electronic filing is the best way to prepare your excise tax returns and to report it with the IRS. Electronic filing guarantees safe and secure filing, fast and quick processing, economic and simple pricing. You never miss out anything that is needed to complete your return and the IRS would be able to process it immediately. PCORI Fee that is reported in the Federal Excise Tax Form 720 along with the 2nd Quarter Returns is due now. July 31, 2020 is the due date and it can be reported and paid online using TaxExcise.com.

PCORI Fee - Due - July 31
Continue reading Pay PCORI Fee in SECOND QUARTER Federal Excise Tax Form 720 and JULY 31 is the due date

IRS unclaimed refunds of $1.5 billion waiting for tax year 2016; taxpayers face July 15 deadline

Unclaimed income tax refunds worth more than $1.5 billion await an estimated 1.4 million individual taxpayers who did not file a 2016 federal income tax return, according to the Internal Revenue Service.

“The IRS wants to help taxpayers who are owed refunds but haven’t filed their 2016 tax returns yet,” said IRS Commissioner Chuck Rettig. “Time is quickly running out for these taxpayers. There’s only a three-year window to claim these refunds, and the window closes on July 15. To claim the refund, a return for tax year 2016 must be filed by July 15, 2020.”

Continue reading IRS unclaimed refunds of $1.5 billion waiting for tax year 2016; taxpayers face July 15 deadline

Form 2290 renewal time for the tax year July 2020 – June 2021.

During this unprecedented crisis, while families and employees are staying safe home, the trucking industry is there to ensure the most critical goods are delivered to U.S. communities. Truckers making it possible to deliver essentials across the country knowing that they are getting exposed. The nation’s 3 million truck drivers are unsung heroes of the coronavirus crisis, working overtime to keep the critical supply chain moving. We salute them for the Selfless Service and helping all the Front Liners equipped with essentials. Let this July be a new beginning for us to move forward from crisis to recovery.

This July we’re celebrating our independence and we wish every one a Happy 4th of July. It is also the time of the year, the federal vehicle use tax form 2290 for this new tax year July 2020 through June 2021 is up for renewal. The Form 2290 and Schedule 1 has to be reported and get it stamped to show that as a proof of payment to have the vehicles registered under your authority with the federal agencies.

Continue reading Form 2290 renewal time for the tax year July 2020 – June 2021.

Prefile Form 2290 for the Tax Year 2020 at a Discounted Price!

This is the same time of the year to report or renew your Form 2290 heavy motor vehicle use tax with the IRS and to receive the stamped Schedule -1 proof. Because you need to renew and register your vehicles with the states authorities. This year we’re going through tough time fighting the pandemic and thanks to the Truckers who still on the wheels when the world is staying at home. We’re with you and we wish everything come to an end and the industry recovers faster than before. Let us all fight it together as an unit.

Prefile 2290 for July 2020 – June 2021 Tax Period

Why you wait till July or August to report your Heavy Vehicle Use Tax Form 2290 for Tax year 2020 – 2021, we at TaxExcise.com made it simple and prefiling 2290 is now available exclusively at a discount of 10% from the e-file service fee. 

Continue reading Prefile Form 2290 for the Tax Year 2020 at a Discounted Price!

Don’t Let Procrastination Be The Reason For Delayed Tax Filing

You thought you had enough time but suddenly realize that you are nearing tax deadline. Time’s running out! Either you have to do it now or file for a 6 months extension. Whatever it may, it adds to tension and stress. Procrastination – the act of being lazy and postponing important tasks, is one of the possible reasons. Read on to find answers to learn effective ways to get rid of procrastination.

Filing tax return is not a liability but a responsibility. Moreover, paying taxes on time makes us the responsible citizens of our country, also preventing from paying interests and penalties to IRS. Remembering the tax deadlines along with managing work and family is never an easy task. However, there is no need to press the panic button but keep yourself relaxed. Procrastinating is one of the major reasons why many tax payers miss on their tax deadline and if you are on the list, then it is the right time to take necessary precautions. Its better you know your weaknesses and preparing yourself in advance can avoid making it a habit.

If you prefer filing tax returns through post, then it is good to file when ahead of time. For those who procrastinate may end up filing interests and penalties. Although, e-filing is a suitable option but even filing on-line at the 11th hour can bring in troubles. This is because; there are increased chances of making errors with less time for rectifying them. Therefore, stop procrastinating taxpayers and take action immediately.

Procrastinating your tax deadline is just a way to add to complication you might come across on the tax filing day. Yes, you have the option to file an extension but that doesn’t save you from paying tax return. Additionally, if you tend to miss your tax deadline the first time, then there are chances of missing it the next time too. To prevent procrastination, taxpayers are advised stay connected with the useful features and stay updated. Taxexcise.com, a leading e-filing service provider helps its customers by sending email alerts.

Another interesting way to shun procrastination when paying taxes is by staying connected with social media websites such as twitter and facebook where it is easy to stay connected with the tax related announcements or You Tube, the platform offering useful and tax tips. In addition, taxpayers need to follow healthy practices such as preparing a to-do list, understanding the priorities, and maintaining notes.

E-filling is the safe and convenient way to pay taxes on-line. We at taxexcise.com help taxpayers have a safe and hassle-free tax filing experience. Reach us 1-866-245-3918 to share your experience to help us serve you better.