It is a 9 digit unique number assigned by IRS for the Business / Organization.
Monday, April 30, 2012
What is meant by E-File?
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E-Filing is a safest and most secured Electronic filing process to file your Tax return. You can also save your precious time by doing e-filing.
Wednesday, April 25, 2012
When Your Taxes Are Due
| IF, in this period, the vehicle is first used during |
Then, file Form 2290 and make your payment by*... |
and enter this date on Form 2290, line 1 |
| July | August 31** | YYYY07 |
| August | September 30** | YYYY08 |
| September | October 31** | YYYY09 |
| October | November 30 | YYYY10 |
| November | December 31 | YYYY11 |
| December | January 31 | YYYY12 |
| January | February 28 | YYYY01 |
| February | March 31 | YYYY02 |
| March | April 30 | YYYY03 |
| April | May 31 | YYYY04 |
| May | June 30 | YYYY05 |
| June | July 31 | YYYY06 |
| * File by this date regardless of when state registration for the vehicle is due | ||
| ** NOTE: Taxpayers who were expected to file Form 2290 and pay by the last day of August, September or October 2011 have an extension on their due date until November 30, 2011. | ||
Tuesday, April 24, 2012
How do I make corrections to my e-filed return?
You can e-file an amendment for gross weight increment and/or exceeding the mileage limit. However, if you make another type of error on your e-filed and accepted return, you will need to make corrections on a paper Form 2290 and mail it to the address shown in the Form 2290 instructions.
Monday, April 23, 2012
Why do I need an Employer Identification Number (EIN) to e-file?
IRS needs to have a system for protecting your privacy and making sure they know the identify of their filers. The IRS uses a combination of EIN and business name as a unique identifier for each taxpayer. On an e-filed return, if a taxpayer's unique ID doesn't match with IRS's records, the return gets rejected.
Sunday, April 22, 2012
My Department of Motor Vehicles (DMV) won't accept my Schedule 1 as a proof of payment. What do I do ?
When you E-File your Form 2290, the IRS will apply a digital watermark to your Schedule 1. This electronic Schedule 1 is your official proof of payment. If a state or local DMV won’t accept this digital Schedule 1, please call IRS help desk at 1-866-699-4096 and provide the IRS with a brief description of the issue and the contact information of your local DMV. The IRS will be able to assist and ensure that your DMV accepts your electronic Schedule 1.
What is Schedule 1?
Once you have submitted your Form 2290, the IRS will stamp your Schedule 1 as proof of payment. When E-Filing, the IRS will apply a digital watermark to your Form 2290 Schedule 1. This digitally “stamped” Schedule 1 serves as your Heavy Vehicle Use Tax (HVUT) proof of payment.
Friday, April 13, 2012
Which are the payment option does IRS accept ?
There are two way to pay IRS fee online. These are:
- EFTPS
- Direct Debit from your Bank account
What is EFTPS ?
The Electronic Federal Tax Payment System® tax payment service is provided free by the U.S. Department of the Treasury.
IRS don't accept credit card and by cash payment.
What happens If I forgot to file form2290 ?
A Form 2290 can be filed at any time after the deadline has passed but the tax due may be subject to penalties and interest.
The penalty for failing to file IRS Form 2290 in a timely manner is equal to 4.5 percent of the total tax due, assessed on a monthly basis up to five months. Late filers not making an HVUT (Form 2290) payment also face an additional monthly penalty equal to 0.5 percent of total tax due. Additional interest charges of 0.54 percent per month accrue as well.
https://www.eform2290.com
https://www.eform2290.com
What is a suspended vehicle?
A suspended vehicle is any taxable vehicle that is expected to be used 5,000 miles or less (7,500 mile for agricultural vehicles) during the tax period.
A "suspended" vehicle must be filed for but will not be subject to taxation. If the "suspended vehicle" exceeds the mileage use limit, the tax becomes due.
A "suspended" vehicle must be filed for but will not be subject to taxation. If the "suspended vehicle" exceeds the mileage use limit, the tax becomes due.