May 30, 2017
You are no more a trucker without a truck. If you are a truck driver who uses a company truck, lease a truck or own a truck, your vital tool for survival is a truck. Hence it becomes important to maintain your truck and keep it in better shape. Only a well-preserved truck can have its long run and give you a better outcome. So check out what a truck needs for its regular maintenance. Things to...
May 25, 2017
Even though we are an expert in your field, when it comes to filing Heavy Vehicle Use Tax (HVUT) Form 2290 we tend to make mistakes. So let us check out those repeated and common Form 2290 E-filing mistakes, in order to avoid them in this tax season. Common Mistakes to Avoid in HVUT E-Filing Incorrect EIN or VIN: While filing Form 2290, Employee Identification Number (EIN) and Vehicle Identification Number (VIN) are vital. Make sure that you...
May 23, 2017
When taxes are introduced, the paper filing was implied to report them initially. But paper filing required a lot of time and effort to complete the procedure. Later the traditional paper filing is replaced bye-filing of Form 2290. And now to move ahead, pre-filing Form 2290, otherwise referred as Heavy Vehicle Use Tax has been introduced in order to reduce the burden of taxpayers. This pre-filling of Heavy Vehicle use tax is high benefits the truckers who were...
May 10, 2017
IRS 2290 Form or Heavy Vehicle Use Tax (HVUT) must be filed by the heavy vehicle owners whose vehicle’s gross weight is 55,000 or more and uses the highway for transportation. By E-filing 2290 form, the truckers receive Stamped Schedule 1 which serves as a proof of compliance with HVUT and proof of payment. This also aids the truckers to renew their tags, renew the vehicle’s registration for IFTRA or USR. At the time of audits, Schedule 1 serves as a proof of...
May 9, 2017
In general, tax-exempt non-profit organizations, whose gross annual receipt is $50,000 or less must file Form 990 N, otherwise called as Electronic Notice (e-Postcard) for Tax-exempt Organizations not required to File Form 990 or 990 EZ. IRS Form 990 N must be filed before the deadline of May 15 every year in order to avoid revocation. Revocation refers that the non-profit organization is not eligible for federal tax exemption. In such case, your donor’s donations are not tax...
May 6, 2017
Form 2290 or Heavy Vehicle Use tax is filed by owners of heavy weight vehicles whose gross weight is more than 55000 pounds and uses the public highway for transportation during the financial year. This Form 2290 is used in multiple ways such as: ● To claim credit for destroyed, sold or stolen vehicle for which the tax has been paid previously. ● To pay the tax due which is acquired and used during the taxable period....
May 4, 2017
Form 990-N is used for Tax-Exemption by Non-Profit Organizations. By filing IRS Form 990-N the tax-exempt organizations provides information about the organization such as mission, finance source and programs to the IRS as required by the section 6033 of the Internal Revenue Code. In general, PTA units are the tax-exempt organizations and they are required to file either 990 N, 990 EZ or 990 which based on the annual gross receipts. E-filing Requirements for Small Exempt Organizations Till 2007,...
