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Search Results - EFTPS

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Showing 1 to 9 of 9 Articles matching 'EFTPS' in related articles.
Pages: 1

1. An Update On IFTA Penalties
August 06, 2015

Today at our article space, we are going to talk about the IFTA penalties that are applicable if you file your IFTA tax return late. These penalties will not harm us physically harm you in anyway, but they can take a heavy toll on your wallet. So if you do file past the deadline, here is what to expect... IFTA Penalties: The official IFTA legislation states: A penalty of $50.00 or 10% of the net tax liability, whichever is greater, will be assessed on late-filed reports, failure to file, or for underpayment of tax due. If the net liability is zero, or a credit, the late filing penal... (read more)

Author: Flora Anderson

2. Employee Identification Number- Do you have one?
August 06, 2015

Today we are going to talk about Employee Identification Number, abbreviated as EIN. When you file your tax return, you need to mention your EIN for further processes. Initially, SSN was accepted in the place of EIN, however, since May 2014, IRS has stopped accepting SSN as a replacement of EIN. However, if you are new to the world of business and you don’t have an Employee Identification Number, we are here to help you. EIN is an identification number used by IRS in order to recognize you as a company or entity. The combination of the EIN and the name of the taxpayer are revised i... (read more)

Author: Flora Anderson

3. IFTA Is Due For The First Quarter On 30th Of April
August 06, 2015

Today at our article space, we are going to talk about the IFTA and its first quarter of the year. Every quarter, IFTA filers have to file their tax return to their base jurisdiction to avoid the junk of penalties. if you have crossed any of the 48 jurisdiction during the quarter, falling from January to March, you are liable to report form without fail by the end April. Let’s start with the basics for the audience who don’t know much about IFTA. IFTA- An Overview: IFTA is also known as the International Fuel Tax Agreement is active between 48 contiguous states and 10 Canadian P... (read more)

Author: Flora Anderson

4. Vehicles Filed Through Form 2290
August 06, 2015

So today at our article space, we are going to talk about the various types of vehicles filed through form 2290. We all know vehicles that weight more than 55,000 pounds are categorized as taxable vehicles. However, there are few other type of vehicles, we will be discussing at this space today. Taxable Vehicles: These vehicles weigh more than 55,000 pounds are counted as taxable vehicles. It is so believed, these vehicles cause most of the damage due to the weight carried. The tax paid through the form is directly contributed in the maintenance of the highway. Suspended Vehicl... (read more)

Author: Flora Anderson

5. An Overview On Heavy Vehicle Used Tax
August 05, 2015

The tax season is nearing our calendars, and that season seems to be the most hectic time as we have to file and report form 2290 online or paper file or obviously, the penalties would charge up. However, the same implies if you have taken your vehicle out any time during the off season. Like, if you have bought your vehicle for the first time on road in the month of April, you need to report form 2290 by the end of May, as well as renew your vehicle registration again during the season. However, there are few exceptions. If the due date falls on the weekend or a public holiday, the due ... (read more)

Author: Flora Anderson

6. Pay Your Dues Through The Following Methodologies
August 05, 2015

Each time you bring a new vehicle on road, you are liable to pay tax right after the second month of use. Assuming, you have bought your vehicle in the month of April, you are liable to report and pay form 2290 through paper filing or efiling, you need to pay tax by the end of May without fail or penalties would come along your tax filing. However, if the due dates fall on the weekend, the last date of filing would be eventually moved to the next business day, and the tax should be filed by then. It also means, the taxpayers do have grace time to file and report tax. Today, we are going t... (read more)

Author: Flora Anderson

7. EFTPS: A Guide To Using The EFTPS
August 14, 2012

Today I am going to tell you about the EFTPS that is provided by the IRS to taxpayers that wish to pay their tax bill with a credit card. It is a simple system that you can sign up for and use year after year to pay your taxes. If you e-file your taxes and no longer wish to pay by check or direct deposit this option may be for you. The EFTPS does charge a fee but may be worth it for the convenience it provides and allowing you to put the bill on your credit card. The Electronic Federal Tax Payment System is a system that is available to both individuals and business and can be ac... (read more)

Author: barbara cruz

8. E-File IRS HVUT Form 2290 in November 2011-2012
November 19, 2011

The Tax Year for 2011 - 2012 has been different due to the delay in the filing process. This year the Form 2290 is due during the period ranging from November 1 - 30, 2011 for the 2011-2012 tax periods. In order to File the IRS Form 2290 for Heavy Vehicle Use Taxes (HVUT), Express Truck Tax has made the process Quick, Simple, and Easy-to-use. When you use Express Truck Tax to E-File a Form 2290, the process takes just a few minutes. Choosing to E-file this return is much simpler than paper filing. Instead of using a confusing form full of tax jargon, Express Truck Tax has simplified the form... (read more)

Author: Steve Sanders

9. How to Get a IRS 2290 stamped Schedule 1 for Heavy Highway Vehicle?
September 30, 2011

The Process of Filing IRS Form 2290 and getting a stamped Schedule 1 can be rather complicated. The First Step to Receive a Stamped Schedule 1 for your Heavy Vehicle Use Tax (HVUT) is to fill out IRS Form 2290. The Schedule 1 is included in this Form. This can be done either by hand or online. This Form then needs to be taken to the nearest IRS Office along with a proof of payment or proof of EFTPS Payment. Or it can be mailed to the nearest IRS office The Problem with this is that both options are very time consuming. If the form is actually taken to the IRS, the nearest office may be... (read more)

Author: Steve Sanders

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