The Federal Vehicle Use Tax Form 2290 is now due for this new tax 2290 season, July 2020 through June 2021. August 31 is the deadline for vehicles first used in July 2020. The Taxes are calculated and paid in full for the 12 month period by the due date. Tax 2290 returns can be electronically prepared, reported and paid to the IRS at TaxExcise.com.
Amendments are part and parcel of the tax return, gives us an option to correct or update the tax data reported with the Internal Revenue Service. Form 2290 Amendments allows truck taxpayers to correct the Taxable Gross Weight and the Mileage Use Limit reported in the original tax return.
Electronic filing makes it easy to prepare and report tax 2290 amendments on a reported vehicle with-in the current tax year. In form 2290 the amendments refer to changes, additional tax is applicable on a amendment return and that can be paid electronically. The IRS watermarked Schedule 1 proof is made available instantly once the amendment is approved.
Continue reading Federal Vehicle Use Tax Form 2290 Amendments Electronic FilingThinkTrade Inc. is a federal tax preparation software development company for small businesses, accountants and individuals. The company is headquartered in Brentwood, Tennessee. An IRS authorized electronic filing service provider since 2007. A BBB accredited company with A+ rating since 2010.
The online web tax product www.TaxExcise.com, is the first of its kind tax preparation application for truckers, owner operators and trucking business owners across America to report and pay Federal Vehicle Use Tax Form 2290 also referred as Heavy Highway Vehicle Use Tax (HVUT) with the IRS. The Quarterly Federal Excise Tax returns can be prepared and reported using Form 720 through www.TaxExcise.com, this is the only web product to report and pay the Quarterly Federal Excise Tax returns online. The Excise Tax refund claims can be made using Form 8849 from our web products.
Federal Excise Tax consists of 3 major Tax Forms such us:
Form 720 — Quarterly Federal Excise Tax Return | www.Tax720.com
Form 2290 — Federal Vehicle Use Tax Return | www.Tax2290.com
Form 8849 — Claim for Refund of Excise Taxes | www.Tax8849.com
Continue reading ThinkTrade Inc a Tennessee Based Tax Software Development CompanyFederal Vehicle Use Tax Form 2290 is used to report and pay the vehicle use tax on a heavy highway motor vehicles that is used on a public highway between July 2020 through June 2021. The taxes is applied on a heavy vehicle operated on public highways at a gross weight of 55,000 lbs. and greater. The vehicles is also expected to use above 5,000 miles on a public highway and 7,500 miles for farm vehicles.
Continue reading Exempt from Tax and Still 2290 has to be reported to the IRS with zero tax
TaxExcise.com the only E-file service provider that helps to report all the federal excise tax forms and all schedules of Form 8849 refund claims would like to remind taxpayers that the excise tax form 720 for the second quarter of 2020 ending in June 30th and PCORI Fee, is DUE TODAY.
PCORI FEE:
Patient-Centered Outcomes Research Institute (PCORI) fees are also due TODAY. 2019 PCORI must be reported on the second quarter of 2020. While filing your return using www.TaxExcise.com, please select the year Jan – Dec 2020 and quarter ending in June 2020, and have your 2019 PCORI filed. The PCORI annual filing and fees was originally set to expire in 2019, but they were reinstated for an additional 10 years, through 2029.
Form 720 and Form 2290 tax requirements for small businesses:
Continue reading Form 720 is due TODAY for second quarter of 2020 and PCORI Fee for 2019 Self-Insured Health Plans
