Tag Archives: efile Amendments

Due Dates, E-file Indoor Tanning Service, Electronic filing excise taxes, Electronic filing of Form 720, Electronic Filing or E-filing, Federal Excise Tax Electronic Filing, Form 2290 Amendment, Form 2290 Efile, Form 2290 VIN Correction, Form 720, Form 720 Quarterly Excise Tax Efile, IFTA, IRS Stamped Schedule 1 proof, IRS Tax Tips and Alerts, PCORI, Tax 2290 Alert, Tax Excise Users Alert, Truckers, Truckers Alerts and Needs

Avoid IRS Penalties, E-File Tax Returns Before the Deadline!

The most common IRS penalties are for not filing on time and not paying on time. There are almost 150 penalties in the Internal Revenue Code, but these two very common penalties make up 74% of all. 60% of all is Failure to pay penalty, imposed if you don’t pay taxes on time. And 14% is Failure to file penalty, imposed if you don’t file a return on time. That means majority of the total tax payers either miss to file returns on time or miss to pay tax due on time.

A failure to file or failure to pay penalties are charged on returns filed after the due date or taxes paid after the due date. Although one can request for the penalty abatement but that could take up to three to nine months’ time and loads of hassles before a successful relief.

You may find it easiest to hire an accountant for a timely filings and payments to save you from all but generally accountants charge a very high fees to get your job done. Taxpayers can potentially save their time and these additional money by shifting their tax return preparation and filings to www.TaxExcise.com. The inevitable rush to file returns by the tax deadlines, the human mistakes due to the rush and penalties due to missing deadlines; can all be avoided if you e-file your tax returns with TaxExcise.com.

www.TaxExcise.com is the first and decade old IRS e-file service provider that can e-file any excise tax returns mentioned below:

HVUT Form 2290:

  • Due by August 31 for yearly renewal OR following month end for new vehicles.
  • To obtain IRS waterproof Schedule-1 copy with unlimited vehicles within minutes.
  • Gross Weight, VIN correction and Mileage limit Amendments.

Quarterly Excise Tax Form 720:

  • Quarterly taxes due on JAN 31, APR 30, JUL 31, and OCT 31 in a calendar year.
  • Including the PCORI taxes due in Q2 of each year

 All Form 8849 Refund Claims : (Schedules 1, 2, 3, 5, 6 and 8)

 IFTA Tax returns online preparation:

  • All US states and Canadian Provinces.
  • Quarterly taxes due on JAN 31, APR 30, JUL 31, and OCT 31 in a calendar year.

Excise Tax Form 720 and IFTA for 4th Quarter of 2018 & Form 2290 for Vehicles 1st used in December 2018, were due on January 31. If you missed the deadline, give us a try!

For any questions & help feel free to reach us anytime @ 1-866-245-3918 or write to us in support@taxexcise.com or Ping us using the LIVE CHAT Option on the website.

Common Errors and Resource Center, Due Dates, Form 2290 Efile, Form 2290 VIN Correction

You Have Options To Correct Your Form 2290 Errors..!

Nobody is perfect, it’s highly impossible to find a person who hasn’t committed a mistake in his/her entire life. Most of the times mistakes committed are unintentional. There are various reasons behind every error made, though everyone believes that carelessness is the important cause for it I would say that’s not only reason. Lack of knowledge or not understanding the seriousness of the issue can be a reason for a mistake.

Let’s say a mistake has happened and the damage can be quite big, what one should do to come out of the trouble. There are few errors that cannot be corrected and the person committed it has to face the consequences. It would not be fair to punish someone for a simple error that he/she has done that was unintentional. After all we are humans so; we all deserve a second chance to correct our mistakes.

The entire Trucking industry is always in a hurry, as we all know there are high chances for mistakes to happen when we are in a hurry. As previously mentioned there are few uncorrectable mistakes in life, for example a simple carelessness of a trucker on a public highway can put a lot of lives in danger including his own. Nothing can be done to correct it. Assume if a Trucker wrongly calculates the amount of gas left in the tank for the distance to cover and gets struck on the middle of the road. This is a simple error and there is a fix to it.

Likewise while filling out an IRS form 2290, there are chances for mistakes as it involves understanding the IRS terminologies and requires utter & most undivided attention to the numerical values keyed in. Mostly commonly committed errors are typing in the wrong VIN Vehicle Identification Number, Filing with incorrect Taxable Gross Weight. After observing these errors that happen repeatedly with several filers the IRS has come up with a solution to fix it. A tax payer can correct the errors made on a Tax Form 2290 by filing a 2290 amendment. More over to make the process faster the IRS has started to accept 2290 amendment form electronically. Not only for the errors you make on the form 2290, even if a suspended vehicle exceeds it mileage limit of 5000 miles you can report it to the IRS by filing an amendment.

All these can be done simply from your computer by logging on to www.tax2290.com . If you are still not sure how to correct the mistakes, call their tax experts at 1-866-245-3918 or write to them at support@taxexcise.com.

Federal Excise Tax Electronic Filing, Form 2290 Amendment, IRS Tax Tips and Alerts

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.