Tag Archives: 2290 online

Tax2290.com – Trucker’s Best Friend

Have you ever wondered how important Time is for anyone who is in the Trucking Industry. Recently met a old friend of mine, who is a Truck Driver we had a short chat. He was accompanied by his fellow Trucker and that’s when I realized how hectic their lives are.

Trucking is not a typically scheduled job, chaotic would be a more accurate description. Too many variables weather, loading and unloading delays, appointments, breakdowns, traffic, etc., Also depends on what you haul, Flat beds don’t usually get unloaded at night. Most shipping hubs are 24/7 but not all receivers.

My friend over the chat said “Some days I feel the need to stop every 200 miles. Some days I drive for 11 hours straight. It all depends on the urgency of the load and my bodily functions.  It may seem like you’re just dipping into that truck stop or gas station for a quick soda, but make sure you add in the time it takes you to find a place to park and get to the door, even if it’s only at the fuel island. In a car it can take one minute. In a truck it can take 5. When you stop some place, it may only seem like a short 15 minute stop, but then think how far down the road you would be if you hadn’t stopped.”

So Considering the fact that Truck Owners and Drivers have very less time to spend with their family, think how sad it would be if they are asked to stand in a long Queue in an IRS Office to file their HVUT Tax Form 2290, Which will take at least a day. Most annoying part is the confusing Tax calculations involved.

Thanks to www.Tax2290.com, which is considered as Trucker’s Best Friend that can save a lot of valuable time for Truck Driver’s and Truck Owner’s.  Filing HVUT Tax Form 2290with Tax2290.com takes only 10 minutes and the stamped schedule 1 reaches their Email in minutes from filing. All the confusing Tax calculations are performed by the system itself and the Tax Jargon’s are broken down in to simple English.

Not only Individual Owner Operators even CPA’s, Book Keepers and Attorney’s can file Tax Form 2290 to IRS through Tax2290.com for their clients. The Friendly Tax Expert team can be reached any time at 1-866-245-3918 by phone or can be Emailed 24/7 to support@taxexcise.com.

Tax preparers take advantage of e-file options – IRS Recommends!

Taxpayer Assistance Centers Service Changes for 2012 Filing Season

Beginning this year, IRS Taxpayer Assistance Centers generally will not accept bulk returns for processing and mailing, particularly when it affects taxpayer services. The IRS hopes to eliminate the practice of taxpayer representatives dropping off completed returns for processing, especially during peak operating periods.

The intent of this policy change is not to limit assistance to taxpayers or their authorized representatives. Nor is it intended to limit taxpayer representatives’ visits to support their clients, particularly in situations where the taxpayer is facing financial harm or undue hardship, such as delinquent returns or to start or stop an installment agreement. It is designed, primarily, to stop the practice of dropping off returns solely for processing and mailing when the returns can be mailed directly to the IRS processing center. The TACs will accept returns with imminent statute implications, with remittances or other situations where it’s in the best interest of the taxpayer and the Service to accept them.

Local TAC managers have the authority to make exceptions to this policy and will accept drop off returns if, in their opinion, tax preparation and other customer account services are not impacted.

The IRS encourages all tax preparers to take advantage of available e-file options to file returns electronically to avoid the need to have returns accepted and mailed at the local Taxpayer Assistance Center. IRS has also mandated e-filing for taxpayers with 25 or more vehicles with registered gross weight of 55,000 lbs or more.

E-file with www.TaxExcise.com

 

TAX PRACTITIONER BENEFITS

With our tax return software, tax practitioners can e-file federal tax form 2290 for their Clients. We are an IRS Certified Authorized E-File Provider for federal form 2290. Using our Software gives you the option to e-file and transmits Form 2290 directly to the Internal Revenue Service(IRS). Our tax software has all of the features needed to complete Tax Form 2290 in a quick and accurate manner. We provide tax advice and tax support that you can count on and security that you can trust. Just register once and you can manage all your clients using the same tax return account.

TaxExcise.com FEATURES ALSO INCLUDES:

Stamped Schedule-1 in minutes.

Calculating accurate HVUT taxes (2290) for annual and partial year filings.

Retrieve and print IRS accepted Stamped Schedule 1 in minutes.

Access anytime, anywhere to your 2290 form stored under your profile.

Full E-file support for Form 2290 with Amendments, Form 8849 and Form 720.

E- File for VIN correction.

Safe and secure e-filing.

Bulk uploads.

Error check – We check your forms for errors even before the IRS does.

Live chat, Phone support and Email Support

SMS Alert.

Schedule one copy by fax.

Taxexcise.com is committed to provide the Best in Quality and Service for all our users, www.Tax2290.com / www.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 2290.Tax2290 is a product of ThinkTrade Inc and a part of TaxExcise.com. We are a BBB accredited company with A+ certification.

For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at support@taxexcise.com

IRS tax form 2290, Efile only with www.Tax2290.com

The IRS Form 2290 is made available from Nov 1, 2011 for the Tax Year 2011-12, If your vehicle was first used in July, August, September or October 2011, you are required to file Form 2290 by November 30, 2011. You will not be liable for any late filing penalty or interest if you meet this due date. Beginning November 1, 2011, we will provide a stamped (receipted) Schedule 1 to those who file and pay their tax.

Efile the IRS Tax Form 2290 through http://www.TaxExcise.com or http://www.Tax2290.com the #1 efile service provider and certified by the IRS.

E-file VIN correction

reporting VIN correction to the IRS can now be done online accessing http://www.taxexcise.com or http://www.tax2290.com. No need to send paper forms for correction the mistakenly filed VIN#. click here to check more

Efile 2290 Amendment

When reporting an original Form 2290 with IRS for the tax year, you would have increased your Gross Weight, or crossed the Mileage Limit from the originally filed Form 2290. Report an amendments online and get it corrected in your Schedule 1 copy. Click here to read more

Form 2290 Credits

Efile the Sold / Transferred / Destroyed Vehicle claims to the IRS and receive your claims faster now. You have paid and would have sold the vehicle, so IRS may owe tax credits for the sold vehicle. Now claim the 2290 refunds online and get your refund faster. Click here to read more

Please feel free to reach the Support Center at 866-245-3918 for any further support, we love to help you through your filing. Also email us your queries to support@taxexcise.com for instant reply

IRS to Host Public Meeting Dec. 8 on Real-Time Tax System

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

Excise Summary Terminal Activity Reporting System (ExSTARS)

Excise Summary Terminal Activity Reporting System (ExSTARS)

What is ExSTARS?

ExSTARS is a fuel reporting system developed with the cooperation of the IRS, Department of Transportation, States, and Motor Fuel Industry, which details the movement of any liquid product into or out of an IRS approved terminal.

The ExSTARS system requires each terminal operator and bulk carrier to file monthly reports. Reports are filed for each approved terminal with a Terminal Control Number. The Terminal Control Number (TCN)/Terminal Locations Directory contains terminal control numbers and locations for IRS approved terminals.

Who is required to use ExSTARS?

Terminal Operators and Bulk Fuel Carriers (pipeline, vessel and barge operators) are required to file monthly information returns – Fuel Transaction Reports. All receipts and disbursements of liquid products to and from an approved terminal are reportable. If reportable transactions equal or exceed 25 during a monthly reporting period, electronic reporting through ExSTARS is required. Each receipt of liquid product and each disbursement of liquid product constitutes a separate transaction even if it is a single movement of fuel.

Form 720-TO Terminal Operator Report. Form 720-TO is required to be filed by a terminal operator to report monthly receipts and disbursements of all liquid products to and from all approved terminals.

Form 720-CS Carrier Summary Report. Form 720-CS is required to be filed by bulk transport carriers (barges, ships, and pipelines) who receive or deliver products in or out of storage at a terminal, or any other location designated by a facility control number (FCN).  Pipelines only file for receipt or delivery transactions at an approved terminal.

Facility Control Number System (FCN)

A facility control number designates a storage location within the motor fuel, or renewable fuel production or the bulk transfer / terminal system. Facilities include refineries (RCN), approved terminals (TCN), biodiesel production facilities (BCN), or ethanol production facilities (ECN). Currently, only TCNs are required to file returns.  Information in the RCN directory is required for reporting purposes for carriers. The BCN and ECN numbers will be released at a later date. Information regarding the use of FCNs was made public by an announcement in the Federal Register on April 12, 2010.

When to file?

The report is due the last day of the month following the reporting period. If any due date for filing a return falls on a Saturday, Sunday, or legal holiday, the report maybe filed on the next business day.

How to file?

• Apply to participate in electronic filing using letter(s) of application. Fill-in letters of application are available for Terminal Operator/Carriers and Transmitters.

• Electronic Filing (Electronic Data Interchange) over the Internet

• A test cycle will be used to test the exchange of files between the electronic filer and the IRS prior to submitting production files. These tests will ensure the successful submission of qualifying electronic Form720-TO, and Form 720-CS information returns.

• Paper submission of Form 720-TO and/or 720-CS

Why is filing required?

•  Implementation of Treasury Regulation 48.4101-2 requiring “taxable fuel registrants” to provide information reports.

• Match Information Returns against Excise Tax Returns.

The new electronic format will be available for testing beginning in early December 2010.

Please see a  summary of these changes for further details.

References/Related Topics

Source: IRS.gov read more.