1099-K vs 1099-MISC—What’s the Difference?

When you are self-employed or working on a contract basis without withholding the taxes, then your income will be reported under different tax forms like: 1099 MISC Form or 1099 K Form. Consultants or freelancers who receive $600 or more during a tax year can receive 1099 MISC form, on the other hand a freelancer who works on-demand economy such as Lyft or Uber will receive 1099 K Form. So in this article let us find the...

The Non Profit Tax Returns You Need To Know About

Discussing about the things that a non profit tax exempt organization needs to know in this financial year, just  read on the blog. Even if you are a nonprofit organization, which has tax exempt and do not pay the federal taxes, you are required to file an information form with the IRS. Form 990n is used for this purpose of filing the information. While you e-file form 990, it ensures that the nonprofit organization performs the business...

How to Report and Pay Taxes on 1099 Income with Appropriate Form

When you have received a 1099-MISC from the person who paid you for your service that you did during the last tax year. Now what to do with the 1099-MISC form will be a question. To know better read on the article. What Do If you receive 1099-MISC Form? 1099-MISC form is to report amounts paid to the non-employees ( independent contractors, freelance workers, and other businesses to whom payments are made) Non-employees get 1099-MISC each year...

Penalties for not Filing HVUT Form 2290 – HVUT Penalties

The Heavy Vehicle Use Tax (HVUT) Form 2290 deadline is approaching in September 3rd this year. What happens if you miss to file truck tax by the due date or if you do not file the Form 2290 on time? When you do not file the HVUT Form 2290 before the deadline, then you may attract the IRS penalties for the 2019-2020 financial years. What is IRS Form 2290? Every active trucker on-road needs to E-file IRS 2290...

E-File an Amendment to Correct your VIN instantly!

Vehicle Identification Number is a unique serial number assigned to motor vehicles by the automotive industry for identifying the individual vehicles. The National Highway Traffic Safety Administration of the United VIN numbers must contain 17 characters which contain both alphabets and numbers but does not include the letters I (i), Q (q) or O (o) which is often confused and misrepresented. Need to Know about Facts about VIN Before buying a used vehicle like truck or car,...

Why you Need to File IRS 2290 Form with Etax2290?

As a truck owner, you must be aware to file the IRS 2290 Form if you own a heavyweight vehicle with a gross weight of about 55,000 pounds or it crossed the mileage of 5,000 miles in a tax year. IRS lets the tax filers to file their tax returns either manually in paper or through online. E-filing Form 2290 online is the best option as it is easy and quick. There are many tax filing companies,...

Pay Your HVUT on the Way to Save your Time (2290 Mobile App)

We agree that the truckers are always busy on the road and hardly find time to spend their leisure time with the family. In-between the tiring schedule of the truckers it is hard to remember the owed tax, Form 2290 deadline and to e-file the HVUT tax return. So, Etax2290.com wants to make the tax filers work simple and easier than before. Introducing the 2290 Mobile App to e-file the HVUT tax on the go, while you...

Do you know the Due Date to e-file IRS 2290 Form for the tax season 2019-2020?

As a responsible heavy vehicle owner, you must have marked the calendar date of August 31st. Because that is the deadline date to e-file IRS 2290 Form online. But you need to know some surprising note now. This tax year, there is a change in the due date to file the Form 2290 online. Yes. This year HVUT deadline is September 3rd, 2019, technically. How? Just read on the blog to know more. IRS 2290 Form Due...

Requirements for Properly Completed IRS 1099 Forms

Before filling your forms to the IRS, as a tax filer, you must know the basic requirements for completing the forms. So that you will minimize your errors and you are limiting re-filing. IRS 1099 form consists of varieties of forms that are used to report your income. But, in this blog, we are going to understand what are all the required information you need to collect before filing. Before jumping into the requirements section, let us...

Easy Step by Step HVUT Form 2290 Instruction for 2019-20 Tax Year

Hello, truckers, this year the tax season 2019-2020 is in full flow and the tax filings are in the fire. As we have got all the basic information about the Heavy Vehicle Use Tax (HVUT) in our previous blogs. Let us have a quick look at the step by step instruction of how to file the Form 2290 with Etax2290.com for the tax year 2019-20. You just need to pass easy 7 steps to complete your IRS...