All posts by Tax Expert

IRS Provides Tax Relief to Victims of Hurricane Sandy; Return Filing and Tax Payment Deadline Extended to Feb. 1, 2013

In the aftermath of Hurricane Sandy, the Internal Revenue Service announced additional tax relief to affected individuals and businesses.

Following recent disaster declarations for individual assistance issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers in Connecticut, New Jersey and New York will receive tax relief. Other locations may be added in coming days based on additional damage assessments by FEMA.The tax relief postpones various tax filing and payment deadlines that occurred starting in late October.  As a result, affected individuals and businesses will have until Feb. 1, 2013 to file these returns and pay any taxes due. This includes the fourth quarter individual estimated tax payment, normally due Jan. 15, 2013. It also includes payroll and excise tax returns and accompanying payments for the third and fourth quarters, normally due on Oct. 31, 2012 and Jan. 31, 2013 respectively. It also applies to tax-exempt organizations required to file Form 990 series returns with an original or extended deadline falling during this period.

The IRS will abate any interest, late-payment or late-filing penalty that would otherwise apply. The IRS automatically provides this relief to any taxpayer located in the disaster area. Taxpayers need not contact the IRS to get this relief. Beyond the relief provided by law to taxpayers in the FEMA-designated counties, the IRS will work with any taxpayer who resides outside the disaster area but whose books, records or tax professional are located in the areas affected by Hurricane Sandy. All workers assisting the relief activities in the covered disaster areas who are affiliated with a recognized government or philanthropic organization are eligible for relief.  Taxpayers who live outside of the impacted area and think they may qualify for this relief need to contact the IRS at 866-562-5227.

In addition, the IRS is waiving failure-to-deposit penalties for federal payroll and excise tax deposits normally due on or after the disaster area start date and before Nov. 26, if the deposits are made by Nov. 26, 2012. Details on available relief can be found on the disaster relief page on IRS.gov.

The tax relief is part of a coordinated federal response to the damage caused by the hurricane and is based on local damage assessments by FEMA. For information on disaster recovery, individuals should visit disasterassistance.gov.

The IRS also assures taxpayers, businesses and tax preparers that IRS is working aggressively to monitor the situation and provide additional relief as needed.

So far, IRS filing and payment relief applies to the following localities:

In Connecticut (starting Oct. 27): Fairfield, Middlesex, New Haven, and New London Counties and the Mashantucket Pequot Tribal Nation and Mohegan Tribal Nation located within New London County;

In New Jersey (starting Oct. 26): Atlantic, Bergen, Cape May, Essex, Hudson, Middlesex, Monmouth, Ocean, Somerset and Union;

In New York (starting Oct. 27): Bronx, Kings, Nassau, New York, Queens, Richmond, Rockland, Suffolk and Westchester.

TaxExcise.com helps taxpayers, businesses and tax preparers file their Excise Tax Returns with the IRS electronically and have an acknowledgment received online within minutes. Tax Excise extends its support providing mobile application m.Tax2290.com to e-file Forms.

Avoid Travelling as much as possible at least when not needed, make use of E-file through TaxExcise.com and Stay SAFE and COVERED!!

Reach us @ 1-866-245-3918 or write to us at support@taxexcise.com, for any required assistance.

Living with the goodness of internet? Then file taxes online with Awareness!

In this picture-perfect world, how many of you are mindful with Filing excise taxes through safe online service providers like TaxExcise.com? Here comes the matchless feature of our most trusted excise tax e-file service (2290, 720, and 8849), TaxExcise.com. It is nothing but SSL (Secure socket layers). You may ask why I need SSL. It bestows with many outspoken benefits to you by protecting the information from anarchists and even IRS requires EV SSL for online filing.

SSL is a protocol used for data encryption over the internet. We use secure socket layer for the security and safety of our client’s personal information. One of the main reasons for us to be an SSL certified is to ensure the complete security of our customers. Since a sole-off connection is established between the server and the customer, the data passed across an SSL connection cannot be corrupted with. Another pro is the data sent is directed by means of a private communication channel. The numeric, special characters, alphabets, your credit card numbers, your addresses and other payment related details are encoded into information bits. Only random characters appear through. The right end-user with right keys alone can decode the information through the encryption key. Encrypted data are highly impossible to attack by hackers. SSL protects from phishing and pharming too. With the aid of SSL, it is quite troublesome to impersonate the site info’s. TaxExcise.com has passed out the audits like PCI compliance (payment card industry) that looks for proper SSL permit. A server that has such a credit is allowed to get credit card information. Apart from encryption, SSL certificate also provides the authentication which prevents you from sending your data to any criminal servers that likely look as your required server.

You can find the trust seal of security in Taxexcise.com. A well aware internet user always knows the necessity of SSL protection and would never miss such SSL certified service providers. Are you the one such to file your excise tax returns with us? Let us live our lives with happiness and file our taxes with awareness.

IRS Gives Additional Time to Taxpayers and Preparer’s Affected by Hurricane Sandy

The Internal Revenue Service today announced that it is granting taxpayers and tax Preparer’s affected by Hurricane Sandy until Nov. 7 to file returns and accompanying payments normally due today.  The relief applies to taxpayers and tax Preparer’s in an area affected by Hurricane Sandy or otherwise impacted by the storm that hit the Mid-Atlantic and Northeastern United States this week.

This relief primarily applies to businesses whose payroll and excise tax returns and payments are normally due today. No action is required by the taxpayer; this relief is automatic. Regular federal tax deposits are due according to current rules. However, the IRS notes that if taxpayers or tax practitioners receive a penalty notice for this period, they can contact the IRS at the number on the notice to request penalty abatement due to reasonable cause on account of the storm.

IRS expects to grant additional filing and payment relief as qualifying disaster declarations are issued by the Federal Emergency Management Agency (FEMA).

Tax Excise is now offering a flat 10% discount on all excise tax forms filing fee filed through us in a support of taxpayers and Preparer’s affected by hurricane sandy and storm. Just apply the coupon code: “ELECTION2012” to avail the discount. Not to forget, this is valid only through Nov 6, 2012. This would also enroll you automatically in our promotional offer to get a chance to WIN a FREE “iPod Nano”.

Visit www.TaxExcixe.com / www.Tax2290.com now to start your return.

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.