Attention truckers! It’s time to report Form 2290 HVUT for your April used heavy vehicles. The IRS charges Form 2290 truck taxes on a pro-rated basis for newly purchased or vehicles first used away from the tax season time. Generally, a tax season starts in July, and truckers must report their truck taxes for the entire tax year during July and August. Therefore, for any vehicle used any other month apart from July, truckers must report form 2290 truck taxes on a partial period basis based on the vehicle’s first used month and get the valid Schedule 1 copy from the IRS. Truckers must report the pro-rated form 2290 returns within May 31, 2023, and get the schedule 1 copy for their April 2023 purchased or used heavy vehicles.
Category Archives: Electronic Filing or E-filing
E-file form 2290 for the upcoming tax season on TaxExcise.com!
Hello, truckers and trucking taxpayers! The next tax season is coming in two months. You must get ready to report form 2290 truck taxes for the new tax season and get the schedule 1 copy to operate your trucking business smoothly. The current TY 2022-2023 tax season ends on June 30, 2023. And the new tax season begins on July 1, 2023. The IRS will start accepting the HVUT form 2290 for the next tax period anytime around the first week of July. Therefore, truckers have time till August 31, 2023, to report form 2290 taxes to the IRS and get IRS stamped schedule 1 copy. Else, IRS will charge late charges, penalties, and interests over your tax dues if you fail to report and pay your taxes on time. Also, you will run into trouble with the authorities if you don’t have a valid Schedule 1 copy for your heavy vehicle. So, it is essential for all truckers to e-file form 2290 to the IRS and get the schedule copy on time.
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Deadline Alert! May 01, 2023, is the Deadline for Form 720 and Pro-rated Form 2290!
Attention truckers and federal excise taxpayers! This message is for you. The last date to report form 2290 on a pro-rated basis for heavy vehicles first used on March 2023 and quarterly federal excise form 720 for the first quarter is May 01, 2023. If you are a trucking taxpayer or a Form 720 taxpayer, you must not miss the deadline and report the taxes on or before the last date. Otherwise, the IRS will charge heavy penalties, late charges, and interest on your tax dues. As the deadline is just a few days away, it would be best if you e-file form 2290 and form 720 on TaxExcise.com and get the acceptance to your registered email address at the earliest.
Continue reading Deadline Alert! May 01, 2023, is the Deadline for Form 720 and Pro-rated Form 2290!
The Deadline to Report Form 720 and Form 2290 is Due in Ten Days!
The last date to report form 720 for the first quarter is approaching soon.
The quarterly federal excise taxes are usually imposed on the price of the products and specific activities like entertainment, gambling, etc., and both federal and state governments impose them. Form 720 is used to report the quarterly federal excise taxes on certain products like gasoline and aviation fuels and specific services like indoor tanning services and PCORI. IRS charges these excise taxes during every quarter of the tax year from respective parties entitled to form 720 excise taxes. They are liable to pay quarterly excise taxes for their respective products or services to the IRS using form 720 within the deadlines during every quarter. The last date to report form 720 for the first quarter of this tax year is May 01, 2023. Therefore, form 720 payers must e-file form 720 to the IRS on or before the deadlines and get proper validation of their successful form 720 tax payments.
Continue reading The Deadline to Report Form 720 and Form 2290 is Due in Ten Days!
Alert! Form 720 for the First Quarter is Due by the End of This Month.
Hello taxpayers! We would like to take this opportunity to remind you that the quarterly federal excise tax form 720 for the first quarter of this tax year is due soon. Therefore, we request the federal excise taxpayers report form 720 for the quarter to the IRS before the deadline to avoid penalties, late charges and interests over your tax dues. The last date to report form 720 for the first quarter is May 01, 2023. E-filing form 720 in TaxExcise.com is the most effective way to report your federal excise tax form 720 to the IRS and stay ahead of the deadline.
Continue reading Alert! Form 720 for the First Quarter is Due by the End of This Month.