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IRS Form 2290 Amendment efiling

Tax Form 2290IRS Form 2290 Amendments:

When reporting an original Form 2290, Heavy Motor Truck Tax with IRS for the tax year, you would have changed some information like VIN, Gross Weight, Mileage Limit then IRS wants you to file amendments to the originally filed form 2290. There are three types of amendments available for form 2290

For a vehicle that will be used within 5,000 miles or less (7,500 miles or less for agricultural vehicles) during the period, it can be reported as a suspended/exempt vehicle from tax liability.

Suspended/Exempt Vehicles exceeding the mileage use limit:

Once a suspended vehicle exceeds the mileage use limit, the tax becomes due. Mileage use limit means the use of a vehicle on public highways 5,000 miles or less (7,500 miles or less for agricultural vehicles). The mileage use limit applies to the total mileage a vehicle is used during a complete tax period, regardless of the number of owners.

We will figure the tax based on the month the vehicle was first used in the period. The tax due has to be paid to the IRS by available Payment Options. By e-filing the amended Form 2290, by the last day of the month following the month in which the mileage use limit was exceeded.

A corrected schedule-1 copy with the VIN and other details will be stamped by IRS and the same will be sent to you by email. You have the option of printing the corrected Schedule-1 copy by logging into your personal account. You also have the option to subscribe for a copy by FAX.

Additional Tax from Increase in taxable gross weight:

The taxable gross weight of a vehicle increases during the period and the vehicle falls in a new category then you are suppose to report an 2290 Amendment and pay the tax due on time.

For instance, an increase in maximum load customarily carried may change the taxable gross weight.

Report the additional tax for the remainder of the period on Form 2290, e-file Form 2290 and Schedule 1 by the last day of the month following the month in which the taxable gross weight increased.

Figure the additional tax using the following:

1. Identify the month the taxable gross weight increased.

2. Determine the new taxable gross weight category.

If the increase in taxable gross weight occurs in July after you have filed your return, you still have to report a new amendment form for the additional tax.

A corrected schedule-1 copy with the VIN and new category [Gross Weight] will be stamped by IRS and the same will be sent to you by email. You have the option of printing the corrected Schedule-1 copy by logging into your personal account. You also have the option to subscribe for a copy by FAX.

VIN Correction:

If you are correcting a vehicle identification number (VIN) listed on a previously filed Schedule 1 (Form 2290). While reporting a Form 2290 for your vehicle, by mistake if you have filed for a wrong Vehicle Identification Number [VIN] then you have to file a new amendment for VIN correction.

A corrected schedule-1 copy with the correct VIN and other details will be stamped by IRS and the same will be sent to you by email. You have the option of printing the corrected Schedule-1 copy by logging into your personal account. You also have the option to subscribe for a copy by FAX.

Call our Support Center [HELP DESK] at 1-866-245-3918 for any queries or write to us at support@taxexcise.com, At taxexcise.com we are always happy to help you through your filing process.

Nine Tips on the 10 Percent Tax on Tanning Services

Starting July 1, 2010, many businesses offering tanning services must collect a 10 percent excise tax on the tanning services they provide. This excise tax requirement is part of the Affordable Care Act that was enacted in March 2010. Indoor Tanning tax has to be reported for the 1st Quarter of 2011 is due by May 2nd, 2011.

Use IRS Form 720, Quarterly Federal Excise Tax Return to report and pay the indoor tanning tax due by May 2, 2011. Act fast and report it electronically at www.TaxExcise.com

Here are nine tips on the tanning excise tax that providers must collect.

1. Businesses providing ultraviolet tanning services must collect the 10 percent excise tax at the time the customer pays for the tanning services.

2. If the customer fails to pay the excise tax, the tanning service provider is liable for the tax.

3. The tax does not apply to phototherapy services performed by a licensed medical professional on his or her premises.

4. The tax does not apply to spray-on tanning services.

5. If a payment covers charges for tanning services along with other goods and services, the other goods and services may be excluded from the tax if they are separately stated and the charges do not exceed the fair market value for those other goods and services.

6. If the customer purchases bundled services and the charges are not separately stated, the tax applies to the portion of the payment that can be reasonably attributed to the indoor tanning services.

7. The tax does not have to be paid on membership fees for certain qualified physical fitness facilities that offer indoor tanning services as an incidental service to members without a separately identifiable fee.

8. Tanning service providers must report and pay the excise tax on a quarterly basis.

9. To pay the tax, businesses must file IRS Form 720, Quarterly Federal Excise Tax Return using an Employer Identification Number assigned by the IRS. Businesses that don’t already have one can apply for an EIN online at IRS.gov.

Find more information about the excise tax on tanning services, IRS Form 720 and other tax provisions of the Affordable Care Act at www.Taxexcise.com.

Call our Help Desk Toll Free 1-866-245-3918 or simply email to us at support@taxexcise.com. Follow our tweets @taxexcise.com

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Excise tax on indoor tanning services, for the first quarter of 2011 is due May 2.

TaxExcise.com

Starting July 1, 2010, many businesses offering tanning services must collect a 10 percent excise tax on the tanning services they provide. This excise tax requirement is part of the Affordable Care Act that was enacted in March 2010.

Use IRS Form 720, Quarterly Federal Excise Tax Return to report and pay the indoor tanning tax due by May 2, 2011. Act fast and report it electronically at www.TaxExcise.com

What is taxable indoor tanning service?

Taxable indoor tanning service means a service employing any electronic product designed to incorporate one or more ultraviolet lamps intended for the irradiation of an individual by ultraviolet radiation, with wavelengths in air between 200 and 400 nanometers, to induce skin tanning

Who must pay the indoor tanning services tax?

Indoor tanning service providers are responsible for collecting the tax from the person paying for the service and in some situations, from the person receiving the service.What is taxable indoor tanning service?

Taxable indoor tanning service means a service employing any electronic product designed to incorporate one or more ultraviolet lamps intended for the irradiation of an individual by ultraviolet radiation, with wavelengths in air between 200 and 400 nanometers, to induce skin tanning.

Who must report the tax to the government?

The person receiving the payment for the indoor tanning service must report the indoor tanning services tax on and remit the full amount of tax with a timely filed return.

How do I report the indoor tanning services tax?

Report the indoor tanning services tax on Form 720, Quarterly Federal Excise Tax Return electronically at www.TaxExcise.com and get it accepted by the IRS in minutes.

Excise tax on indoor tanning services, for the first quarter of 2011 is due May 2.

Starting July 1, 2010, many businesses offering tanning services must collect a 10 percent excise tax on the tanning services they provide. This excise tax requirement is part of the Affordable Care Act that was enacted in March 2010.Use IRS Form 720, Quarterly Federal Excise Tax Return to report and pay the indoor tanning tax due by May 2, 2011. Act fast and report it electronically at www.TaxExcise.com What is taxable indoor tanning service?

Taxable indoor tanning service means a service employing any electronic product designed to incorporate one or more ultraviolet lamps intended for the irradiation of an individual by ultraviolet radiation, with wavelengths in air between 200 and 400 nanometers, to induce skin tanning

Who must pay the indoor tanning services tax?

Indoor tanning service providers are responsible for collecting the tax from the person paying for the service and in some situations, from the person receiving the service.What is taxable indoor tanning service?

Taxable indoor tanning service means a service employing any electronic product designed to incorporate one or more ultraviolet lamps intended for the irradiation of an individual by ultraviolet radiation, with wavelengths in air between 200 and 400 nanometers, to induce skin tanning.

Who must report the tax to the government?

The person receiving the payment for the indoor tanning service must report the indoor tanning services tax on and remit the full amount of tax with a timely filed return.

How do I report the indoor tanning services tax?

Report the indoor tanning services tax on Form 720, Quarterly Federal Excise Tax Return electronically at www.TaxExcise.com and get it accepted by the IRS in minutes.