Tag Archives: EIN

5 Tips You Will Thank Us For During Pre Filing Season 2015-16

With a wink of an eye, the tax season will be here. And even before we knew, the pre filing season has already dropped into our calendars. With the HVUT pre filing season approached, we found out that more and more taxpayers are swinging with questions about what to do and how to even pre file in the first place. And that’s what we are here for!

We are going to talk about the 5 tips that will help you in pre filing form 2290 this renewal season 2015-16.

  1. Get Your EIN At The Earliest:

Since the pre filing season has already dropped in, we advice our taxpayers get their EIN at the earliest. It is the most important document of your tax filing, and takes almost 10 days of time for the IRS to activate your number, and only then, you can efile your tax return. Since pre filing has already started and would last till the end of June, make haste and get your EIN!

Only after your EIN is processed, you will know the exact business name associated with your EIN account, in order to file a tax return online with TaxExcise. However, if you have misplaced or forgotten the name associated with your EIN, you can call IRS EIN Hotline at 1.800.829.4933 to verify, and then keep it safe because it is imperative to your tax-filing success!

  1. Know Your Vehicles:

The next thing after EIN to obtain success with your filed tax return form 2290 for 2015-16, is to understand your vehicles. We are not talking about the weight and the first use date- even though you definitely need to know that as well- we are talking about understanding the type of vehicle.

There are four types of vehicles filed via form 2290, and it is important to understand your category to file, which would in return make a huge difference on your BANK ACCOUNT!

  • Heavy Vehicles: A heavy vehicle is any other vehicle, weighing 55,000 lbs or more, that has driven over the 5,000-mile limit. For these vehicles, you file your Form 2290 as normal and pay your heavy vehicle use tax.
  • Suspended Vehicles: These vehicles are any heavy vehicle or agricultural vehicle, which is driven under the mileage limit of 5,000 miles a year. For heavy vehicles, this limit is 5,000 and for agricultural vehicles, this limit is 7,500. You don’t have to file pay any tax to the IRS, however, you need to keep IRS informed about your suspension. And if your vehicle was filed as taxable vehicle and by the end of the year, it didn’t cross more than 5,000 miles, you are eligible for a refund.
  • Agricultural Vehicle: When we talk about agricultural vehicles, they are any heavy vehicle used for farming or agriculture. These vehicles are limited to be driven up to 7,500 miles on public highways until they are no longer considered suspended, at which time, HVUT is due.
  • Logging: Logging vehicles are those, which are used to transport forest materials within or from a foresting site or a vehicle, which moves forested materials from one site to another. With logging vehicles, companies and drivers alike are eligible to pay less tax for the tax year. So if you drive a logging truck, make sure you specify when you’re e-filing!
  1. Keep Accurate Records:

Besides your EIN and knowing your types of vehicles, keeping accurate records is the most important part of pre filing.

You are held responsible to maintain accurate trip logs, especially if your vehicle falls under the agricultural vehicle or as a suspended vehicle. You will need to prove to the IRS that you went under 7,500 and 5,000 miles, respectively, during the tax year. However, if you find yourself in need of some help to maintain your truck records, why don’t you try a hand with business management programs specially designed for transportation businesses?

  1. Rely on Our Tax Experts:

Filing your tax isn’t easy, but we can make it easy. When it comes down to it, we understand that you probably have lot of questions about how HVUT regulations. This is where the support legends come in for rescue!

At TaxExcise we have the best support team, handpicked and well trained in the industry. And they’re available all year long in order to make your tax experience that much easier. So if you find yourself juggling with unanswered questions, you can rely on our tax experts for assistance. Because we understand that tax questions never take a break, so neither should we!

  1. Choose Pre Filing And Don’t Forget The Coupon Code:

When you are pre filing form 2290 online with Taxexcise, a prime product of ThinkTrade, you can avail 10 % discount on our service fee by applying coupon code “KICKSTART15” at the checkout!

Continue to stay ahead of the game with TaxExcise.com! If you find yourself with questions, comments, or concerns, we’re here for you with 24/7 support in English! So give us a call during the business hours at 1-866-245-3918, or send us an email at support@taxexcise.com anytime, day or night!

Happy pre filing, Truckers!

How To Obtain An Employer Identification Number Safely- Part-II

Today, we are posting the second and the last part of How To Obtain An Employer Identification Number Safely? Last time we spoke about EIN and the methods how to gain one. Today, we are going to throw light on how to avoid rejection and what to do when you lose your EIN.

So keep reading and post your comments in the end if you have your own set of queries. Continue reading How To Obtain An Employer Identification Number Safely- Part-II

Best Way To Pay Excise Tax – EFTPS

When it comes to paying taxes, the best way is that which makes mutual convenience the pivot of the whole process. Computers and the internet have travelled a long way in comforting us, yet, are tirelessly moving forward each day. One of their prime destinations of comfort for U.S. taxpayers is the EFTPS (The Electronic Federal Tax Payment System). Powered for free usage by the U.S. Department of Treasury in the year 1996, EFTPS houses over 12 million taxpayers and has handled over 1.16 billion electronic payments. Having said that it is a government website, you are free to enroll eyes closed. It is like the trust you learnt from your parents. You don’t have to worry about getting caught in phishing scams and being fooled by other internet villains. So what features benefit taxpayers from inside EFTPS?

Assured Safety

You can make your federal tax payments electronically using EFTPS, only on 128-bit encryption version of browsers. A combination of unique information such as Taxpayer Identification Number (EIN or SSN), EFTPS Personal Identification Number (PIN) and an Internet Password authenticates a user as an enrolled user. This allows him/her to access the payment route inside EFTPS and adds to the security of the site and the privacy of taxpayer data. Have you experienced safety of similar standards over a web application recently? It must have been on tax2290, in case you are a trucker who just filed you form 2290!

Absolute Convenience

Taxpayers can initiate tax payments from wherever they are, at whatever time they want to, 24/7. EFTPS is available on the internet as well as over phone leaving the mode selection at the convenience of the user. Apart from this, tax payments can be scheduled in advance and one can check up to 16 months of payment history online or by calling their customer service. Ask what absolute convenience actually is from truck owners who made their tax filings through us!

Abiding Accuracy

EFTPS does what you say, accurately on time. When you instruct the application to deduct funds from your account, it does so on the specified date and sends an acknowledgement immediately to you followed by your bank statement confirmation of the payment made. Accuracy is a closely related term to the tax calculations made at taxexcise, for taxpayers!

Prior to paying taxes, filing your returns is important. Again, enjoy such and even more convenient features of computers and the internet to file heavy vehicle use tax return, its corresponding amendments at tax2290 and claim credits that you are eligible for at tax8849! For assistance, reach out to us at 866-245 3918 or support@taxexcise.com.