All posts by Tax Expert

Fender Flares Add Life and Performance to Trucks

Trucking accessories improve the look and style of the automobile besides adding to their resale value. Fender flares are one of the trucking accessories that are not only useful but enhance the look and beauty of the vehicle too. The main reason why many truck owners and operators invest in this accessory is that it protects the wheel of the truck from getting affected by sand, dust, and debris. Using accessories like this can make any vehicle stand out besides adding to its life and performance. Nicely crafted to meet every vehicle requirements, fender flares are available online too. Continue reading Fender Flares Add Life and Performance to Trucks

Due Date Extended For Filing HVUT

Each year, when tax period is on, time flies by really fast. This time, the situation is the same but there are few days left in hand to file HVUT. If you fail to file return before due date, you are likely pay penalty for it. However, there is an update passed by IRS. Keep reading to know more about it. Continue reading Due Date Extended For Filing HVUT

IRS Shuts Down MeF for System Maintenance from December 26, 2012

To the kind information of our E-file users, IRS business Modernized-e-file Production System (MeF) shut down is scheduled to start off on Wednesday, December 26, 2012 at 11:59am and ends up on Monday, January 07, 2013 at 09:00 am (Eastern Time). This schedule is meant for testing and maintenance activities of the IRS MeF system.

During the planned time, you can still prepare your returns with our e-file system. We would hold your prepared tax form until the 7th of January and transmit your returns to the IRS once their MeF production system is back in action. From there on, you will get your acceptance from the IRS within expected time frames as usual.

To avoid any last minute confusions during or before the downtime of IRS MeF system, we kindly request you e-file users to be done with your filing duties beforehand. Thanks in advance for your understanding. Sorry for any inconvenience and more than anything, happy to assist you anytime at 1-866-245-3918 or support@taxexcise.com.

Rush Up for Registering or Renewing PTIN Today

Tax2290.com provides adequate information to Registered Tax Return Preparers on e-filing and now for those who are looking out to register or renew their PTINs. The PTIN renewal and registration for 2013 is now available. It’s time for CPA’s to register or renew their PTIN that can be used on U.S Federal Tax Returns or refund Claims to IRS. The Registered Tax Return Preparer (RTRP) should be a registered user of IRS to serve as Certified Public Accountant.  If you are already a tax return Preparer looking out for updating your PTIN account can follow the steps here.

  • Sign in to your IRS Tax Professional PTIN System account.
  • Select “Manage PTIN Account Information” which helps you to update your mailing address, phone number, business details, CAF, EIN and EFIN details.
  • Select “View or Edit Account Login Information” to update your E-mail addresses.
  • You can add your updated credentials when you renew your PTIN or call the IRS Tax Professional Info Line
  • Submit a written request with a notarized copy of any of your identity certificates to change your name and mail it to IRS.

If you are not a RTRP yet and if you wish to start up now, refer the overview here. Initially you have to begin applying for your PTIN account; you must have the following stats.

  • Social security number(SSN)
  • Personal and business information (Including your name, mailing address, D.O.B, Telephone number)
  • Individual tax return status of prior year
  • Credit card or debit card for paying your user fee.
  • You may be asked to explain the felony convictions if any.

If applicable, you should also have

  • Your supervisor’s PTIN
  • Any U.S based professional certification with its number, Jurisdiction of Insurance and expiration date.

Once you are ready with the above data, create your account providing your name, address, security question Etc., Where you will be mailed with the temporary password which you have to change when you enter it in PTIN application. When you complete the online application, you will be asked for the payment of user fee through your debit card or credit card. After the confirmation get started using your PTIN which is provided online. You will also receive a welcome letter and information about further process. Renew or sign up for your account and enjoy E-filing HVUT returns for your trucking clients through Tax2290.com, your E-filing partner.

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.