How To Make Filing For Irs Form 2290 Much Easier
Trucking is not an easy enterprise
Trucking is not an easy enterprise. You have many things to be concerned about, including gas prices, maintenance, salaries, government-mandated benefits, insurance, making sure goods are transferred and arrived safely, miscellaneous bills, and such. These items use up a lot of time and money. Now add the many kinds of taxes, including State and Federal taxes. One of these taxes is the filling of IRS Form 2290, the highway heavy use tax that covers trucks and trailers, as well as various other heavy vehicles with a weight of no less than 55,000 lbs.
You will find exemptions for the rule. Some of these include:
a) Truckers whose heavy trucks and trailers that only go less than 5,500 miles a year
b) Agricultural vehicles (ex. Agricultural rigs that go less than 7,500 miles)
c) Charitable or government vehicles (Red Cross vehicles for example)
d) Trucks and trailers used for volunteer purposes
Trucks and trailers, as well as other heavy vehicles which do not fit in these groups will all call for IRS 2290 filing. Thanks to the abovementioned day-to-day concerns that trucking companies deal with, many have sought ways to make the filing procedure easier. A few of the more popular options for filing them without needing to get in line at your local IRS office for hours to get the form, and pay the taxes include:
- One of the most popular means is to get hired specialists who could handle the filing for them. Finding a specialist to deal with the filing can go far in aiding you and the trucking firm. One benefit is that they are more familiar with the ins and outs of filing the taxes, such as tax preparation, insurance, registration, safety, and dispatch. While you do need to pay fees to them, all you have to do is wait for them to complete the work, hence allowing you to spend time operating your business.
- Another way for making life much simpler when filing an IRS Form 2290 is by going online. This merely calls for downloading the form from the IRS website, filing the required information on the form, and paying those taxes. Afterwards, simply print and scan your receipt, then send it with the form to the IRS office. You should consider this option if you are adamant about doing this yourself but really need it carried out fast.
- If you aren't secure with filing them electronically, you could send them by snail mail. The benefit of this is that there's no need to worry about doing it wrong while filing online, and paying fees to hire specialists to rectify the mistake. There's a catch - you'll need to file it a lot earlier due to the fact it usually takes longer to arrive at the IRS office.
These are just a few ways in making life much easier when doing your IRS 2290 filing. Before considering the options stated earlier, ask yourself a few questions in order to really evaluate which way is best for you. They include how much time you have to deal with it yourself, how at ease are you with carrying out tax transactions on the internet, or if you are ready to pay another to get the work done or not. Regardless, make sure you could answer these truthfully prior to deciding on either employing somebody, doing it on the internet, or sending it by snail mail.
by: MarinaSmith
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