Category Archives: Associates and Updates

Five Good Reasons to E-file Your Tax Return

If you haven’t tried e-filing before, now is the time. Most taxpayers – more than 80 percent – file electronically. The IRS has processed more than 1 billion tax returns safely and securely since the nationwide debut of electronic filing in 1990. Fewer people file a paper tax return every year. Here are five good reasons to e-file your tax return: Continue reading Five Good Reasons to E-file Your Tax Return

IRS Gives Additional Time to Taxpayers and Preparer’s Affected by Hurricane Sandy

The Internal Revenue Service today announced that it is granting taxpayers and tax Preparer’s affected by Hurricane Sandy until Nov. 7 to file returns and accompanying payments normally due today.  The relief applies to taxpayers and tax Preparer’s in an area affected by Hurricane Sandy or otherwise impacted by the storm that hit the Mid-Atlantic and Northeastern United States this week.

This relief primarily applies to businesses whose payroll and excise tax returns and payments are normally due today. No action is required by the taxpayer; this relief is automatic. Regular federal tax deposits are due according to current rules. However, the IRS notes that if taxpayers or tax practitioners receive a penalty notice for this period, they can contact the IRS at the number on the notice to request penalty abatement due to reasonable cause on account of the storm.

IRS expects to grant additional filing and payment relief as qualifying disaster declarations are issued by the Federal Emergency Management Agency (FEMA).

Tax Excise is now offering a flat 10% discount on all excise tax forms filing fee filed through us in a support of taxpayers and Preparer’s affected by hurricane sandy and storm. Just apply the coupon code: “ELECTION2012” to avail the discount. Not to forget, this is valid only through Nov 6, 2012. This would also enroll you automatically in our promotional offer to get a chance to WIN a FREE “iPod Nano”.

Visit www.TaxExcixe.com / www.Tax2290.com now to start your return.

Salutation for the women in trucking!!!

5% (or more) of the composition of the trucking industry in America are women. For the convenient advantages in the industry or for any other reason, more and more women are stepping to run the wheels each year. People who say ‘trucking is not where women land up for it is too rough and stressful for them’, are considered mere ignorant of today’s world. Women have been in trucking from as long as there have been trucks. Lillie Elizabeth Drennan, apart from being the first lady to be Commercial driver licensed in 1929, was also the first ever woman to take ownership of trucking business. She operated her business successfully for nearly 24 years despite long routes, rough roads and stress from the opposition. Her legacy has inspired many, especially women, to follow her steps into trucking industry to take forward driving as a career.

Women share the dreams and difficulties of the roads as far as driving trucks is concerned and the industry wouldn’t be running the same way without these dedicated women of wheels. Tax2290 salutes all women drivers for their courage, patience and power that they possess to run the wheels on roads. As owners, they now can file form 2290 for their heavy truck’s heavy vehicle use tax online, so fast and safely. It doesn’t take much time to fill in the IRS form 2290 requisite details and the filers would be returned with Schedule 1 copy within minutes.

Women in Trucking has been working towards the encouragement of employment of women in the trucking industry, promotion of their accomplishments and minimization of obstacles faced by these women. They have been actively working for the motivation of the transportation industry and their women-related activities chiefly. Tax2290 is a proud member of the Women In Trucking Association extending our support to help them provide the necessary resources to encourage women having goals inclined towards the trucking industry. We also heartily congratulate Ellen Voie, President/CEO and founder of the Women In Trucking Association, who has been honored by the White House in “ordinary Americans doing extraordinary things” through its “Champions of Change” initiative on Aug 6th, 2012. There’s another date of high cardinality to truck owners, 31st August, 2012, which is the last date to file HVUT tax returns.For more information on due date extension due to Labor Day weekend IRS shut down, click here.

How to choose tax preparers?

Whether we like it or not, tax laws and filing formalities these days are never as simple as filing through words. It is very likely that we overlook figures we are entitled to. At the end of it all, individual filing will let you stand with more questions than answers. In such a case, filing your Form 2290 online with an IRS authorized software provider like tax2290.com with complete end-end assistance for e-filing would do great. If you don’t have time or the patience even for that, there are always tax professionals to tie up with who prepare tax returns and file them up for you, for some fee. Tax preparation may be done by a licensed professional such as an attorney, certified public accountant or enrolled agent, or by an unlicensed tax preparation business. Since you are responsible for what’s on your return even though you file it through a tax professional, you have to be wise in choosing the right one. IRS suggests a few factors that would help make such wise decisions.

Qualification of the preparer: Make sure they have their mandatory TPIN (Preparer Tax Identification Number) and have met the minimum competency requirements.

Preparer’s history: Check for any disciplinary actions and licensure status.

Service Fee: Your refund is yours. Do not rely on preparers who base their fee on your refund.

Electronic filing: Verify if they practice the safe and secure electronic filing of your returns. It is mandatory for them to file online through IRS authorized service providers like tax2290.com, while filing for 10 or more returns, unless told otherwise by clients.

Tax professional’s accessibility: You should be able to contact your tax preparer after the return has been filed, in case of any issues.

Never sign a blank return: Do not proceed with preparers who ask you to sign blank tax forms.

Review the returns before signing: Review the filled forms, raise questions and become clear as to what’s happening around the form, check for accuracy and sign once you are comfortable.

Preparer’s signature: As per law, the preparer should sign the return and include their PTIN. You are responsible thereafter, so verify accuracy.

After all this if you successfully decide upon some tax professional’s name to carry forward your return filing, suggest them tax2290.com so that you and your tax preparer mutually enjoy a convenient e-file process on-line. For any detailed queries you have on E-filing your Excise taxes reach us at 866-245-3918 or simply email us to support@taxexcise.com