Category Archives: IRS Tax Tips and Alerts

PTIN Renewals are currently being processed by the IRS. Renew Soon!

The Preparer Tax Identification Number (PTIN) is an identification number that all paid tax return preparers must use on U.S. federal tax returns or claims for refund submitted to the Internal Revenue Service (IRS).

Generally all PTINs expire on December 31 of each year. PTIN renewal open season begins approximately October 16 each year for the following year. You can renew online by logging into your PTIN account or by submitting a paper Form W-12 with the “Renewal” box checked and Send Form W-12 and supporting documentation to:

IRS Tax Pro PTIN Processing Centre
1605 George Dieter PMB 678
El Paso TX 79936

However online renewal takes about 15 minutes, but paper renewals take 4-6 weeks to process.

The Internal Revenue Service has currently begun processing renewals for Preparer tax identification number (PTIN). The Federal law states that anyone who prepares a federal tax return for a fee must possess an active PTIN.  Failing to renew your PTIN might end up being prone to facing high penalties.  Generally PTIN renewal services are offered at no cost.

For Preparers who come across the term PTIN for the First Time:

Did you just turned out to be an accountant or a tax Preparer, are you wondering what are the basic requirements to obtain a PTIN? Here’s the answer. As per the Federal law every individual who, for compensation, prepares or assists in the preparation of a tax return or claim for refund must have his or her own PTIN and each tax return preparer may only obtain one PTIN.

Should you have questions regarding the PTIN renewal process or If, you encounter any issues you can contact the PTIN Helpline at 877-613-7846.

 

Less than 48 hours remaining to E-file Form 2290 for 2018 – 2019!

Today is August 30, 2018 which means we officially have only 2 days including today to E-file our Heavy Highway Vehicle Use (HVUT) Tax Form 2290 for Tax Year 2018 – 2019. But when you read this article you will not have the complete 48 hours to E-file your Heavy Vehicle Use Tax Form 2290. IRS Form 2290 is Due Tomorrow August 31, 2018.

When you E-file your Federal Excise Tax Form 2290 during regular days you get the acknowledgement from the IRS within few minutes. Last three days the IRS gets a huge volume of returns to process which of course will delay   issuing the Stamped receipt process. Tax Year 2018 – 2019 has shown a great progress in terms of Truckers opting of E-filing which is good but they all have chosen to wait until the last moment arrives, which is leading to a virtual traffic Jam.

Log on to www.Tax2290.com Right away to complete your Form 2290 For Tax Year 2018 – 2019 and reach our Handpicked Tax Experts for any assistance @ 1-866-245-3918 or write to them @ Support@Taxexcise.com or chat with them using the LIVE CHAT option on the application.

One Last week Remaining to E-file HVUT Form 2290 for 2018 – 2019!

Due Date to E-File Heavy Highway Vehicle Use tax Form 2290 HVUT, is Fast approaching. You are left with just 8 days including today to E-file Federal Excise Tax Form 2290 for tax Year 2018 – 2019 which is due by August 31st. Even if you file and pay your Taxes by September 01st, 2018 your filing will be considered late and possible chances of penalties are very high.

With only 8 days in hand including today, the chances of using any other method than E-filing is close to impossible. Hence Truckers and Trucking Companies are requested to act fast, as the last minute filers have already started flooding to E-file their HVUT and a possible network jam on the last day which would delay your Filing process.

So log on to www.Tax2290.com and complete your Form 2290 right away for Tax Year 2018 – 2019, our dedicated Tax Experts will available on weekends to assist with your E-filing process, call them @ 1-866-245-3918 or write to them @ support@taxexcise.com or chat with them using the LIVE CHAT option on the application.

Missed out to report your 2nd Quarter Federal Excise Tax

The Federal Excise Taxes are reported quarterly with the IRS using Federal Excise Tax Form 720, for 2nd Quarter it was due on July 31 and if you have missed out the July deadline, you can still report it online at TaxExcise.com. Reduce your late fee charges, penalties and interest by filing it as early as possible.

Electronic filing is the best way as it reaches IRS in minutes and gets processed immediately with out any further delay. An acknowledgement is share by the IRS on acceptance, we in-return sent it across to your inbox.  E-file is the fastest way to report taxes with the IRS, also the convenient, safe  and secured way. Record keeping is also easy and you can access your tax return any time any day, it is available in our website.  Continue reading Missed out to report your 2nd Quarter Federal Excise Tax

Monday April 30th: Due Date to File Three Taxes!

Time and Tide waits for none! Very old saying but suits every situation especially when it comes to Taxes. April is not only the Month to file and Pay your Personal Income taxes but has few other deadlines as well. Continue reading Monday April 30th: Due Date to File Three Taxes!