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.
