You call it an accident or a mistake, both can be rectified when it comes to form 2290. Today, we are going to talk about amendment form 2290 for the following reasons: Continue reading Amend Your Form 2290 Online With TaxExcise.com
So truckers, how is the Friday treating you? TaxExcise.com hopes you filed your prorated heavy vehicle used tax. However, we are here to talk about the Amendment form 2290 and when can we file the same. However, we would not be using the method each time we file, but it is better to have sufficient knowledge about Amendment form 2290.
The following are the reasons for filing form 2290 Amendment: Continue reading File Form 2290 Amendment With Tax2290.com
Merry Christmas Taxpayers! The family dinner, meeting your near and dear ones, and the gifts sharing sessions all of them make Christmas memorable. We do not always need a reason to celebrate and during the holiday season the reason becomes all the more obvious. Christmas is eagerly awaited every year may be is for Santa’s gifts, family get-together or for decorating the house. Searching the web can help you find exciting offers on filing excise tax returns too. Therefore, if you are to report excise taxes i.e, form 720, 2290, 8849, form 2290 amendment, or file IFTA, filling it with TaxExcise.com can help you save some dollars and grab surprising gifts too. Continue reading This Christmas, E-File Excise Tax Return at a Discounted Value with TaxExcise.com
1. Increase in Taxable Gross Weight
2. Suspended vehicles exceeding mileage
3. VIN Correction
Increase in Taxable Gross Weight
This type of amendment is filed if the taxable gross weight of a vehicle increases during the tax year and the vehicle falls in a new higher category. For instance, you report a vehicle with taxable gross weight of 62,000 pounds and during the Tax year it increases to 80,000 pounds then you owe more taxes to the IRS and have to file a form 2290 Amendment. This should be filed by the last day of the month following the month in which the taxable gross weight increased. With Tax2290.com, we make it easy to file this increase in taxable gross weight and accurately calculate the difference in tax due to IRS. You will also get your stamped Schedule 1 for the new weight category in minutes.
Suspended vehicles exceeding the mileage use limit
This type of amendment is filed if a suspended vehicle exceeds the mileage use limit. Mileage use limit for a heavy vehicle to be considered tax exempt is 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is on the road during a period, regardless of the number of owners.
If the heavy vehicle filed as exempt exceeds this mileage limit, form 2290 Amendment needs to be filed and tax has to be paid. This amended Form2290 has to be filed by the last day of the month following the month in which the mileage use limit was exceeded.
With Tax2290.com, we make it easy to file this amendment and accurately calculate the tax due to IRS. You will also get your Schedule 1 for the weight category in minutes.
VIN Correction is filed if you have made a mistake in any of the VIN in the previously filed Form 2290.VIN Correctionscan be only done for Taxable or suspended vehicles and not for vehicles on which you claim credits or for prior year suspended vehicles.
With Tax2290.com we make it easy to file this amendment, you will also get your stamped Schedule 1 with correct VIN in minutes.
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For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at firstname.lastname@example.org
WASHINGTON –– The Internal Revenue Service will kick off a series of public meetings Thursday, Dec. 8 to gather feedback on how to implement a series of long-term changes to the tax system described by IRS Commissioner Doug Shulman in an April 2011 speech at the National Press Club. In that speech, the Commissioner described a vision where the IRS would move away from the traditional “look back” model of compliance, and instead perform substantially more “real time,” or upfront matching of tax returns when they are first filed with the IRS. The goal of this initiative is to improve the tax filing process by reducing burden for taxpayers and improving overall compliance upfront.
Under the vision of a real-time tax system, the IRS could match information submitted on a tax return with third-party information right up front during processing and could provide the opportunity for taxpayers to fix the tax return before acceptance if it contains data that does not match IRS records
By contrast, today the IRS conducts a significant number of compliance activities months after the tax return has been filed and processed. It is not uncommon for a taxpayer to receive a notice 12 to 18 months after a tax return is filed. This after-the-fact compliance approach can create problems and frustrations for both taxpayers and the IRS.
At the public meetings, IRS officials will solicit feedback and input from outside stakeholders to provide comments and insight. The first meeting will feature representatives of consumer groups, the tax professional community and government representatives. A future public meeting will include, among others, representatives of the employer and payroll community, the software industry, financial institutions and additional government representatives.
The first meeting, scheduled at 9:00 a.m. on Dec. 8, will take place at the IRS Headquarters Building Auditorium, 1111 Constitution Ave., NW, Washington, D.C. Those who would like to attend the meeting should e-mail the IRS atCL.NPL.Communications@irs.gov with the contact information for the attendees or call the IRS at 202-622-3359.
The next public meeting will be held early next year.
Source: www.IRS.gov Issue Number: IR-2011-114