A warm welcome to our lovely, hardworking truckers, who’re busy behind the wheels, making deliveries even at wee hours. And that brings us to honor the hardship and the contribution for the development of the nation through tax. Form 2290 is the application filed by heavy vehicle owners and operators for using the public highway. It is strongly believed that the heavy vehicle cause damage to the roads and highways, the HVUT is directly contributed for the welfare of the roads.
Understanding the hardship and time consistency behind the wheels, IRS is easy on the truckers, allowing them to assign a third party designee for their form 2290 each time they file their return. We would discuss in detail the purpose of assigning one while reporting form 2290.
Before we proceed with the topic, let’s brush up the basics.
Form 2290 or HVUT is an application filed by truckers, owner operators and tax filers for their heavy rigs weighing more than 55,000 pounds. Usually the tax season begins from July 1st and last for two months, and the due date falls on 31st of August. This date holds as the last day of filing and if the due date is falling on a weekend or public holiday, the next business day is treated as the last date for filing form 2290.
Also, IRS has made it mandatory for truckers who own more than 25 vehicles to e file their form 2290 and pay their dues to IRS to avoid penalties.
Coming back to the topic, Third Party Designee is a designation you can assign a person who can handle your tax and returns, financial dealings and communication with IRS on your behalf. IRS duly understands your unavailability when you’re behind the wheels. That is why; third party designee comes in for your rescue.
TaxExcise.com, a prime product of ThinkTrade shares a piece of advice with our fellow truckers. Being busy behind the wheels and run the show of deliveries on the roads of USA, truckers, you should always assign a person as your designee who can be trusted. As the deal is with your tax and finance, the person can be an employee, a business head, or even your business partner for the case.
Simply check on “Yes” to authorize IRS to speak with the designee to answer the questions shot by IRS related to the information noted in form 2290. Do note you are authorizing the designee for:
- Exchange of information concerning form 2290 with IRS,
- Request and receive written tax return information related to form 2290, including copies of notices, correspondence, and account transcripts
It is mandate to mention the designee name, phone number and the five digits that person choose as his/her personal identification number (PIN). The authorization is applicable only for the tax return on, which the designee details appear. Also, do note, this authorization is valid for a year from the date of assigning and this authorization does not bind the designee to deal with the additional tax liability or otherwise represent the taxpayer before the IRS. If you wish to revoke the assigned designee, write to IRS and check through IRS official website for more details.
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