Do you know that? The Truck Tax season has started for the tax year 2019-20 (July 2019 to June 2020). Yes get read with your federal vehicle tax reporting for this new tax year.
With 2018-19 tax 2290 returns just got expired, truckers now get ready for next tax season. As part of these preparations, the IRS is reminding tax 2290 payers that they must renew their Form 2290 and Schedule 1 proof for 2019.
All current 2290’s will expire at the end of the June 2019. It doesn’t matter if you obtained or renewed your 2290’s one month ago, or a year ago. The expiration is the same for all 2290 tax filers. July and August would be the period to prepare, report and pay this heavy vehicle use tax returns with the IRS for 2019. August 31 is the deadline, however this year 2019 it falls on a weekend, so the new deadline would be September 3rd, 2019.
Who is required to have a 2290 Schedule 1 for 2019 – 20 tax year?
Any trucker who owns and operates heavy vehicles that weight 55,000 pounds and above must report and pay this 2290 taxes with the IRS. Do you expect to have a claim for refund on sold or transferred heavy vehicles then you can very well adjust the refunds against the tax using Form 2290 at Tax2290.com.
You must also have a valid Schedule 1 receipt, the proof for payment of 2290 HVUT returns to register your vehicle with the authorities.
Get read with your 2290 reporting and do it online at Tax2290.com, the most experienced electronic filing provider for HVUT returns since 2007. In fact the first ever IRS authorized website for 2290 efile.
Additionally, 2nd Quarter Federal Excise Taxes is also due this July 31 and if you deal with a service or goods that has an excise tax component and you need to report Form 720 then this is for you. Form 8849, used to claim the refund from IRS for the taxes paid in Form 720 and Form 2290 can also be claimed online at TaxExcise.com. The one and only online tax preparation software for all Federal Excise Tax Returns is TaxExcise.com.
