Category Archives: Vehicle use tax filing for 2020

Reminder! Form 2290 due for vehicles first used in June 2021, E-file now!

As per the existing IRS norms and regulations, the HVUT Form 2290 for any new vehicles is due by the last day of the month following the month the vehicle was first used on state or public highways. Any vehicle which was first used in the month of June 2021 is due for renewal before the end of July 2021. And if the vehicle is Taxable you will be paying a Pro-Rated tax amount only for the month of June and if motor vehicle does not exceed mileage 5,000 miles or less (7,500 miles or less for agricultural vehicles) it is considered exempt from tax.

The Mileage use limit means you expect the vehicle to be used less than 5,000 miles or less (7,500 miles or less for agricultural vehicles). Generally most vehicles used for farming or agriculture are considered to be tax exempt. These units can be reported under Suspended/Tax exempt category. E-Filing is not that hard to accomplish, you can have your return completed within a few minutes and also receive an email with the Watermarked copy of your Schedule 1.

We at TaxExcise.com would also like to keep you informed that the IRS Form 2290 for Heavy Vehicle Use Taxes (HVUT) must be renewed annually for tax year 2021 – 2022 by August 31st.

Being the first IRS authorised service provider we have gained much needed trust and experience in customer service we ensure to keep assisting you throughout the week. On the road and no access to the internet, look no further we’ve got you covered. Our Tax Experts can be reached on our toll free number @ 866-245-3918 between 8:00 AM to 6:00 PM Central Time or you can email us about any questions or concerns to support@taxexcise.com for added support do also try out our LIVE CHAT option which is always available on the website 24/7.

Burn some rubber, keep trucking and Stay safe.

Just a few Days left to Pre-file Form 2290 for TY 2021-2022

Pre-filing your tax return certainly helps in meeting your 2290 deadline as you would be the first in line on opening day to receive your IRS stamped watermarked copy. So, if it’s that time of the year when you’re drowning in reams of paperwork and trying to make sense of all the mumbo-jumbo, pre-filing your returns certainly does help blow off some steam.

Continue reading Just a few Days left to Pre-file Form 2290 for TY 2021-2022

With less than a month before the deadline, E-file Forms 720 and 2290 before April 30, 2021.

As the FIRST IRS AUTHORIZED & ONLY DECADE OLD E-file Service Provider for E-filing, it is our duty to alert all excise taxpayers of the upcoming deadline. Form 720, Quarterly Federal Excise Tax Reporting, to be sent by the end of the calendar quarter. Form 720 is filed quarterly to record taxes levied on the manufacturing, distribution, or use of a certain class of goods and materials, with the first quarter deadline falling on April 30th, 2021. We’re halfway through April, which means we’re approaching the Due Date for the first quarter of 2021. Walking to the local IRS office or mailing the paper-filled Form 720 in this short time period is the slowest way of filing form 720 and you can foresee a delay in getting the filings acknowledged and if the date is skipped or filed late, you will have to incur penalties.

Keep in mind that even though you have no sales to record, you must also file a Form 720 by choosing the alternative for a Zero Return (Zero Tax Liability). This is to notify the IRS that you have no Excise taxes to declare for the year.

Continue reading With less than a month before the deadline, E-file Forms 720 and 2290 before April 30, 2021.

Today is the Deadline to file Form 720 excise tax return for the third calendar quarter of 2020 (July, August, and September)

We have an important message about your Form 720 tax returns, today is the deadline to file Form 720 excise tax return for the third calendar quarter of 2020 (July, August, and September). However it is only applicable for businesses that deals in goods and services subject to excise tax. If you were responsible for collecting excise taxes during this quarter and haven’t filed your tax return yet, you must prepare and file it by today, November 2nd, 2020.

Continue reading Today is the Deadline to file Form 720 excise tax return for the third calendar quarter of 2020 (July, August, and September)

Got IRS letter or notice for 2290 Tax Payment

Thank you truckers for the great show during this 2290 Tax Season, thousands of truckers preferred electronic filing over paper return or manual filing. Glad we were able to support majority of truckers this season like the previous years, awesome response and we should definitely register our Big Thank You for the support. Along with so many other things affected by the COVID-19 pandemic, truckers have to keep this 2290 tax payments added to their checklist with no extension of time or exemptions. IRS insisted to make the tax 2290 payment by August 31 for the current tax period July 2020 – June 2021.

The vehicles that is put to use in July 2020 has to be reported and paid by August 31, 2020; likewise for vehicles first used in August has to be reported and paid before September 30, 2020. At TaxExcise.com you can still report and pay 2290 taxes for the tax year 2020 – 21 on your heavy vehicles. IRS watermarked Schedule 1 Proof of Payment is sent to your registered email once IRS accepts.

Continue reading Got IRS letter or notice for 2290 Tax Payment