Electronic filing helps the Federal Vehicle Use Tax Form 2290 filers to report and pay the 2290 Truck Taxes faster, easier and more accurately than with traditional paper forms. We offer full featured online web based tax software, a self-serviced website to prepare the 2290 tax returns and pay electronically. The IRS encourages every truck taxpayer to choose electronic filing for the convenience and faster processing of tax returns, the IRS watermarked Schedule 1 Proof of Payment will be sent to them instantly once it is accepted. Correcting the errors on a rejected return is also easy, and the turn around time of processing is faster and the updated Schedule 1 is sent to the inbox directly. No delays, accurate tax math, on-time filing and filing at your comfort, no need to walk-in to a local IRS taxpayer assistance center booking appointments. Do it online from wherever you’re at anytime, 24X7 a day and 7 days a week.
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The Federal Vehicle Use Tax Form 2290 is now due for this new tax 2290 season, July 2020 through June 2021. August 31 is the deadline for vehicles first used in July 2020. The Taxes are calculated and paid in full for the 12 month period by the due date. Tax 2290 returns can be electronically prepared, reported and paid to the IRS at TaxExcise.com.
Amendments are part and parcel of the tax return, gives us an option to correct or update the tax data reported with the Internal Revenue Service. Form 2290 Amendments allows truck taxpayers to correct the Taxable Gross Weight and the Mileage Use Limit reported in the original tax return.
Electronic filing makes it easy to prepare and report tax 2290 amendments on a reported vehicle with-in the current tax year. In form 2290 the amendments refer to changes, additional tax is applicable on a amendment return and that can be paid electronically. The IRS watermarked Schedule 1 proof is made available instantly once the amendment is approved.
Because the highway use tax is currently scheduled to expire on Sept. 30, 2011, this extension is designed to alleviate any confusion and possible multiple filings that could result if Congress reinstates or modifies the tax after that date. Under temporary and proposed regulations filed today in the Federal Register, the Nov. 30 filing deadline for Form 2290, Heavy Highway Vehicle Use Tax Return, for the tax period that begins on July 1, 2011, applies to vehicles used during July, as well as those first used during August or September. Returns should not be filed and payments should not be made prior to Nov. 1.
To aid truckers applying for state vehicle registration on or before Nov. 30, the new regulations require states to accept as proof of payment the stamped Schedule 1 of the Form 2290 issued by the IRS for the prior tax year, ending on June 30, 2011. Under federal law, state governments are required to receive proof of payment of the federal highway use tax as a condition of vehicle registration. Normally, after a taxpayer files the return and pays the tax, the Schedule 1 is stamped by the IRS and returned to filers for this purpose. A state normally may accept a prior year’s stamped Schedule 1 as a substitute proof of payment only through Sept. 30.
For those acquiring and registering a new or used vehicle during the July-to-November period, the new regulations require a state to register the vehicle, without proof that the highway use tax was paid, if the person registering the vehicle presents a copy of the bill of sale or similar document showing that the owner purchased the vehicle within the previous 150 days.
In general, the highway use tax applies to trucks, truck tractors and buses with a gross taxable weight of 55,000 pounds or more. Ordinarily, vans, pick-ups and panel trucks are not taxable because they fall below the 55,000-pound threshold.
For trucks and other taxable vehicles in use during July, the Form 2290 and payment are, under normal circumstances, due on Aug. 31. The tax of up to $550 per vehicle is based on weight, and a variety of special rules apply to vehicles with minimal road use, logging or agricultural vehicles, vehicles transferred during the year and those first used on the road after July.
Last year, the IRS received about 650,000 Forms 2290 and highway use tax payments totaling $886 million. Get ready for the new tax year 2011-12, efile through www.TaxExcise.com. Call our Support Center at 1-866-245-3918 or write to us support@taxexcise.com for any further support. We are always happy to help you through in your tax return efiling.
