So taxpayers, have you filed your form 2290 for the year 2014-15? If you have not filed yet, it’s time to get your return submitted to IRS and pay your dues before the due date slips into your calendar. Today we decided to cover up the main topics of the form in order to give you a clear picture for better filing. To start with, |
Purpose of filing form 2290:
• Figure and pay the tax due on heavy vehicles used with the taxable gross weight of 55,000 pounds or more. • Claim a suspension for the low mileage limit i.e. less than 5,000 miles or 7,500 miles for agricultural vehicles • To file and pay the taxes for Vehicle exceeding the mileage use limit between the tax period. • Calculate and pay Taxes for the increase in Taxable Gross Weight of the vehicle • To file for a VIN correction
If your vehicle is weighing more than 55,000 pounds, you are liable to file and report form 2290 to IRS in order to pay your dues. And efiling is the best method for reporting and paying dues as it is the fastest, easiest and reliable option than paper. It is better we realize that it’s high time we go paperless than waiting for the global warming to evaporate our world.
For filing form 2290, following are the documents you need:
While filing form 2290, ensure you have the following documents handy: • EIN (Employee Identification Number) • VIN (Vehicle Identification Number) • Taxable Gross weight of the vehicle(s) • Purchase date and date of first use on the highway • If the vehicle is sold, details like date of selling, VIN and whom the vehicle was sold are required
Following are the benefits if you opt for efiling:
• User friendly and simple tax filing process • Text Alert/ Fax Copy • Receive your schedule 1 in minutes • Accurate Tax calculations • Bulk Upload information about your vehicle • Pocket free efiling service fee • Customer support extended during the weekends • Full Service Option for truckers who are busy behind the wheels
So truckers, every information you need is available in this article. However, if you need any extra assistance, don’t hesitate to get in touch with our tax experts. We are here to support, help and solve the puzzle of tax with ease.
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