One Stop Shop Form For All Your Heavy Vehicle Tax Needs- Form 2290
Form 2290 is one such form, which play dual roles or more. Lets count them later. Form 2290 is a form filed by heavy vehicle drivers and owner operators with a gross weight of 55,000 pounds or more, using the public highway are mandatory to file and pay tax as per the federal regulations.
Today, we are going to tell you the dual roles played by form 2290.
Filing form 2290:
Let be a heavy vehicle or suspended, you need to file form 2290 before the due date in order to report and register your vehicle VIN. Based on the weight, your vehicle is categorized.
The tax season is approaching in a 15 days, and it is advisable for taxpayers to get ready with their documents. And if you are looking out for some consession with the efiling service fee, Tax2290.com is the best option to narrow down your needs. You can pre file your tax return online now, with utmost ease and avail 10% discount on efiling service fee by applying coupon code “KICKSTART15”
Request A Refund For Already Filed HVUT:
If your heavy vehicle is destroyed, stolen or sold before June 1st or for one that used 5,000 miles or less (7,500 miles or less for agricultural vehicles), a refund for tax paid can be claimed n the subsequent form 2290 filed. Form 8849- schedule 6 can also be used to claim the refund. Go through the form perfectly before you file a claim/ refund.
However, you need to wait till the end of the HVUT tax period to file form 8849. For instance, tax paid for the period July 1, 2014 through June 31st 2015 for a vehicle used 5,000 miles or less during the period, a refund on Form 2290 (or refund on Form 8849) cannot be claimed until after June 30, 2015.
Sale Of Vehicle:
If your vehicle was sold, you as the taxpayer who filed a return previously and pay tax can claim for a credit.
Receiving Schedule 1 Copy Immediately:
When you efile, you are likely to receive schedule 1 copy in minutes, almost right after you transmit your return online. However, if you choose pre filing form 2290, you are likely to transmit your return to the IRS, but you will receive your schedule 1 copy right by the first week of June. And if you have queries building up in your mind, you can feel free to shoot ‘em to us. You can always get in touch with our Tax Experts right through email, phone or even chat. Simply dial 1-866-245-3918 or simply drop in a mail to support@taxexcise.com. We are here for you, for better back-end support.
What If I Don’t File Form 2290:
As per the books of the IRS, you are liable to report form 2290 with penalties and interest, if you’re even late by a day. False filing or fraudulent return will be penalized.
Unsigned Tax Return:
If you submit a return without signing, the return will be sent back to you for signing. Your unsigned return will be considered as filed return.
So what are you wondering? Are you shocked that form 2290 can do so many things at one time? Well, this is it. If you efile/ pre file with Tax2290.com, you can experience a whole new world and file with ease.
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