Today, at our article space, we are going to talk about the tax filing form 2290. This application is for truckers, owner operators and tax professionals to file and report form 2290 for their heavy vehicles used on the public highway. Also, if you have taken your vehicle out for the first time any time after or before the tax season, you are liable to report form 2290 online or paper filing. And if you fail to do so, you know you will have to meet the consequences coming ahead of it. |
Keep reading to know more about form 2290, the procedure and all about efiling.
Form 2290 is a form used for filing Heavy Vehicle Used Tax by the vehicles that weigh more than 55,000 pounds. The tax season falls on 1st of July and last till 31st of August. However, the deadline falls on a weekend, and thus the next business day is treated as the final date for filing form 2290. As we had mentioned before, if you fail to file and report form 2290 by the due date, you need to report penalties for the same.
Also, if your vehicle does not cross 5,000 miles during the taxation year, your vehicle falls in the category of suspended vehicles. You have to file form 2290; however, you don’t owe anything to IRS. It is important to keep IRS informed about the same.
The Documents Required To File Form 2290:
• Employee Identification Number (EIN) • Brief info about the vehicle, date of purchase, and when it was first used on road. • VIN (Vehicle Identification Number) • Taxable Gross Weight of the vehicle • Mention road mileage if your vehicle comes under the category of suspended vehicles
The Benefits You Would Enjoy At Tax2290.com:
• Filing online will let you save time and file with ease • Accurate Tax Calculations • Error check before transmitting the form • Avoid the virtual traffic jams. • Text Alert and Fax Copy option available • Full service option for Truckers • Full time customer support by our Tax Experts • Receive your schedule 1 copy in minutes
What Is Schedule 1 Copy?
This document stands as the proof of payment when your return form 2290 is transmitted to the IRS via Tax2290.com. Once the return is transmitted to IRS, they will check through your tax return and in return send across the schedule 1 copy as the proof of payment. However, if there are any errors found, IRS would reject your return. And you can come back to Tax2290.com and re-file your tax return, understanding the reasons behind the rejection.
If you are paper filing your tax return, you need to wait for 5- 45 days, however, if you opt for efiling, you receive your proof of payment almost in minutes, with IRS stamped watermark.
Advantages Of Schedule 1:
• Report IRS about vehicles you own through VIN (Vehicle Identification Number) • A proof of payment to register/ renew your vehicle with the states • To run your vehicle legally on public highway If you are running out of time and wish to opt for an easier method to file form 2290, we have the best options for you. Efile with Tax2290 and suit your requirements on the go. You can efile from anywhere, and submit your return in less than 5 minutes. All you need to do is, register or log into your registered account with Tax2290.com. If you are skeptical about the calculation part, the application would do the calculation on your behalf. Make the payment to IRS through the 3 important method of paying, and pay the service fee. Your schedule 1 copy is right your way in minutes. Choose the wiser option and we assure you would not regret opting for one. Happy filing.
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