So truckers, have you filed your form 2290 yet? Well, if the answer is a no, then let me remind you. You have only 12 days in hand to file HVUT and receive your schedule 1 copy. The tax season usually starts from July 1st and ends by August 31st, however, the due date falls on the weekend and the next business day i.e. 2nd of September is treated as the due date. So taxpayers get into your tax shoes and file form 2290 online or paper file, whichever methods look easier to you. |
However, IRS recommends every taxpayer to file and pay their dues online in order to save time, money and energy. And with only 12 days in hand to get your return filed, there is hardly any time left to get your return filed. If you are opting for paper filing, you may land up paying penalties, again the time you have in hand is not sufficient, whereas, if you are opting for efiling, you can file any time of the day or night and receive your schedule 1 copy in hand the next minute.
If you are wondering what is form 2290, we have explained it next. Keep reading to know more. If you are driving heavy vehicle on the public highway weighing more than 55,000 pounds, you are liable to pay form 2290 and pay Heavy Vehicle Used Tax. However, you are liable to pay your dues based on the weight of your truck. After the quick explanation about form 2290, today, we are going to discuss about Third Party Designee you assign for your form 2290.
We have received queries from our customers asking about Third Party Designee. You may have skipped the part as a whole or assigned when you really need it, however, this article will tell you the roles and recognition’s of signing for a Third Party Designee.
Purpose of Third Party Designee:
The third party designee acts as your savior when you file your form 2290 to IRS. There are times when IRS returns back and shoot questions and you may be in the middle of something. Your third party designee comes in the scene that time. let be an employee or business head or your financial tax preparer, you need to designate a person who is capable of answering what IRS ask. And at the same time remember, the person you designate should be trust worthy.
While filing form, check on “Yes” to authorize IRS to speak with the designee to answer the questions shot by IRS related to the information noted in form 2290. Also, you are authorizing the designee for:
• Exchange of information concerning form 2290 with IRS, • Request and receive written tax return information related to form 2290, including copies of notices, correspondence, and account transcripts
All you need to mention the designee’s name, phone number and five digit that the designee choose as his/her personal identification number (PIN).
It is important to mention the designee’s name, phone number and the five digits that person choose as his/her personal identification number (PIN). The authorization applies only to the tax return on which it appears. However, the taxpayer is not authorizing the designee to bind the taxpayer to anything, that includes additional tax liability or otherwise represent the taxpayer before the IRS. In addition, the authorization would expire in a year’s time from the start date. However, you can revoke the authorization by writing to IRS. Check IRS official website for more information.
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