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Showing posts from August, 2016

Heads Up. 2290 Form Due in 24 Hours.

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Heads up, Uncle Sam wants you to pay your Form 2290 by Wednesday. That's 24 hours from now.

So, you want to avoid penalties right? Take 2 minutes and glance over this.

Deadline
The deadline to file form 2290 and pay any tax due is August 31st, 2016, for the current tax year of July 2016-June 2017. If you choose to mail in your payment by check, you will need to have your form 2290 submitted and the payment postmarked by the deadline of August 31st.

Penalties
If you do not file the 2290 form by the deadline, there can be penalties for filing late. The penalty for not filing by August 31st is equal to 4.5 percent of the total tax due. It is assessed on a monthly basis for up to 5 months. Even if you do not have to make an HVUT payment, you could still face an additional monthly penalty equal to 0.5 percent of total tax due. Additional interest charges of 0.54 percent per month can accrue as well.

We all know that money doesn’t grow on trees, we work hard for it. Don’t give away you…

2290 Form Late Penalty for 2017

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Paying your 2290 form late is expensive. How expensive? Well, kinda like paying that "convenience charge" at the DMV for using a credit card. Do you want to pay that extra fee?
The two components of penalty The IRS established two aspects of 2290 form penalty: late filing, and late payment.

Late Filing - This is 80% of your overall penalty. This penalty happens if you filed your form 2290 after the deadline.

Late Payment - This is the remaining 20% of your overall penalty. This charge is incurred when you filed on time, but didn't pay. Or, if you didn't file on time, and therefore didn't pay.

Example: For a typical truck, if you're 3 months late: Late Filing - $77.64 Late Payment - $17.16 Total penalty - $94.80 Note, these are assuming your original tax due was $550. And these penalty numbers are estimates only.
What can you buy with $94.80? You can fill up your tank with 44 gallons of Diesel, at 4 mi/gal that will get you a whopping 176 miles. Ha. …

Customer Service is SO GOOD.

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When you call customer support do you wonder where your call is going to be routed, or if you will be able to understand the person that answers the phone? Worry no more! Just listen to what Rodney had to say about our service: [soundcloud url="https://api.soundcloud.com/tracks/277813863" params="auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&visual=true" width="100%" height="450" iframe="true" /]
Good morning, this is Rodney. I'm contractor with. And I just wanted to tell you that my 2290 experience is wonderful. And someone use to take care of 2290 for me, and I had to do it by myself this time. I checked with multiple 2290 services and was super complicated. And once I found yours, I was done in 15 minutes. So, I wanted to give you guys a thumbs up, and I'm gonna tell all of my contractor friends about your service.We are proud that our Customer Support staff is …

File your 2290 fast and cheap.

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What is Form 2290? Do I need one? Are you a truck driver, or a fleet owner? If so, then you need to file a Form 2290 every year. The Form 2290 is used by the IRS to collect any taxes due from you to pay for public highways. Yes, you pay for the great or worse highway systems in our nation.
Exceptions: the only time you do not need to file a Form 2290, is if your vehicle(s) are under 55,000 lbs — that’s including the tractor, and trailer, fully loaded. If you are under mileage, or agricultural, you still need to file, but your tax liability would be $0 on the return.
OK, I need to file. Where do I start? There are two ways to file your Form 2290: paper file, or e-File (required if you have 25 trucks or more). Each has pros and cons. So let’s break it down: Paper File Pros and Cons The filing fee is free. But, you would need to know how to fill it out, pay for postage, envelope, have access to a printer, and cross your fingers that it doesn’t get lost in the mail. It will take about 4–6…