Anyone who has registered or is required to register a heavy highway motor vehicle with a taxable gross weight of 55,000 pounds or more in their name at the time of first use on the public highways during the reporting period must file Form 2290, Heavy Highway Vehicle Use Tax Return.
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.
The tax season of 2021 is in full swing, the deadline for filing a personal income tax return was extended to May 17, 2021. This also extends the deadline for any money owed without incurring a late fee or interest penalties. However IRS has now moved or pushed away the 1st Quarter Federal Excise Tax reporting dates and this falls due this week. April 30, 2021 is the deadline and choose eFiling at TaxExcise.com, the priority efiling at an affordable rate.
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.