Tag Archives: tax 2290 preparation

IRS offers online webinars on tax reform basics for businesses

Members of the small business community can now view webinars on some tax reform provisions that affect businesses. The webinars include:

Tax Reform Basics for Employers
This presentation includes information on the Employer Credit for Paid Family and Medical Leave, Employee Achievement Awards, Qualified Transportation Fringe Benefits and more.
Tax Reform Basics for Small Businesses and Pass-Through Entities
This presentation gives an overview of tax reform changes for small businesses and pass-through entities. It also includes changes to estimated taxes, deductions and depreciation.
Tax Reform Basics for the Qualified Business Income Deduction (199A)
This presentation gives an overview of businesses eligible for the Qualified Business Income Deduction under Section 199A. It also shows calculations and basics for reporting.
Understanding Tax Reform Basics about Opportunity Zones
This presentation defines Qualified Opportunity Zones and explains what’s required to become a Qualified Opportunity Zone.

Never take a chance with your 2290 electronic filing, report it on time to receive IRS watermarked Schedule-1 proof in just minutes.

Report your 2290 HVUT returns as early as possible to cut down your charges

The Federal Vehicle Use Tax Form 2290 for the tax period 2018-19 is due on August 31 for vehicles put to use on highway from July 2018. For most truckers August 31 is the deadline to report 2290 and renew their IRS Stamped Schedule1 proof. However if you have missed your filing deadline you can still report it online at TaxExcise.com and Tax2290.com. Prorate 2290 taxes for vehicles used after August 2018 and file it online (e-file) to receive your IRS watermarked Schedule-1 proof in minutes.

2290 Late Filing Charges

Late filing means you will end up paying more as late filing charges, penalty of 4.5% of the total amount of HVUT you owe for not on time, monthly fee of 0.5% for the period you missed to pay 2290 tax dues with additional interest charge of .54%. You now can make use of your credit card / debit card payment option to pay 2290 dues and pull yourself off from these extra charges… Continue reading →

Form 2290 is Due now, e-File today

It’s time for your 2290 tax form renewal, the heavy highway vehicle use tax is required to be paid annually to the IRS for every truck that drives on public highways and weighs over 55,000 lbs. Once you file your IRS Tax Form 2290, a Stamped Schedule 1 will be provided to you as your receipt for this heavy highway vehicle use tax. A printed copy is required to register your vehicles each year with the state authorities. A copy of the IRS stamped Schedule 1 for the current year available on your account so you can always have access to it.

Heavy Vehicle Use Tax Form 2290 – Due Now – August 31 is the Last Date

The 2290 Form is due annually between July 1 and August 31 for this current tax year starting from July 1, 2017 through June, 30 2018. Both the tax return and the heavy highway vehicle use tax must be paid by the deadline in order to avoid penalties and interest. This tax must also be paid anytime a new vehicle is added to your fleet for the remainder of that year. In this case the tax is due by the end of the month following the date the vehicle is first used on the public highways.

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