Category Archives: Due Dates

Due Dates, Electronic Filing or E-filing, Federal Excise Tax Electronic Filing, Form 2290 Efile

Tax preparers take advantage of e-file options – IRS Recommends!

Taxpayer Assistance Centers Service Changes for 2012 Filing Season

Beginning this year, IRS Taxpayer Assistance Centers generally will not accept bulk returns for processing and mailing, particularly when it affects taxpayer services. The IRS hopes to eliminate the practice of taxpayer representatives dropping off completed returns for processing, especially during peak operating periods.

The intent of this policy change is not to limit assistance to taxpayers or their authorized representatives. Nor is it intended to limit taxpayer representatives’ visits to support their clients, particularly in situations where the taxpayer is facing financial harm or undue hardship, such as delinquent returns or to start or stop an installment agreement. It is designed, primarily, to stop the practice of dropping off returns solely for processing and mailing when the returns can be mailed directly to the IRS processing center. The TACs will accept returns with imminent statute implications, with remittances or other situations where it’s in the best interest of the taxpayer and the Service to accept them.

Local TAC managers have the authority to make exceptions to this policy and will accept drop off returns if, in their opinion, tax preparation and other customer account services are not impacted.

The IRS encourages all tax preparers to take advantage of available e-file options to file returns electronically to avoid the need to have returns accepted and mailed at the local Taxpayer Assistance Center. IRS has also mandated e-filing for taxpayers with 25 or more vehicles with registered gross weight of 55,000 lbs or more.

E-file with www.TaxExcise.com

 

TAX PRACTITIONER BENEFITS

With our tax return software, tax practitioners can e-file federal tax form 2290 for their Clients. We are an IRS Certified Authorized E-File Provider for federal form 2290. Using our Software gives you the option to e-file and transmits Form 2290 directly to the Internal Revenue Service(IRS). Our tax software has all of the features needed to complete Tax Form 2290 in a quick and accurate manner. We provide tax advice and tax support that you can count on and security that you can trust. Just register once and you can manage all your clients using the same tax return account.

TaxExcise.com FEATURES ALSO INCLUDES:

Stamped Schedule-1 in minutes.

Calculating accurate HVUT taxes (2290) for annual and partial year filings.

Retrieve and print IRS accepted Stamped Schedule 1 in minutes.

Access anytime, anywhere to your 2290 form stored under your profile.

Full E-file support for Form 2290 with Amendments, Form 8849 and Form 720.

E- File for VIN correction.

Safe and secure e-filing.

Bulk uploads.

Error check – We check your forms for errors even before the IRS does.

Live chat, Phone support and Email Support

SMS Alert.

Schedule one copy by fax.

Taxexcise.com is committed to provide the Best in Quality and Service for all our users, www.Tax2290.com / www.TaxExcise.com is a certified, IRS authorized, e-file service provider for Form 2290.Tax2290 is a product of ThinkTrade Inc and a part of TaxExcise.com. We are a BBB accredited company with A+ certification.

For any questions you may have regarding Excise Tax Filings please reach us at 1-866-245-3918 or simply write to us at support@taxexcise.com

Due Dates, E-file Indoor Tanning Service, Federal Excise Tax Electronic Filing, Form 2290 Efile, IRS Tax Tips and Alerts

IRS tax form 2290, Efile only with www.Tax2290.com

The IRS Form 2290 is made available from Nov 1, 2011 for the Tax Year 2011-12, If your vehicle was first used in July, August, September or October 2011, you are required to file Form 2290 by November 30, 2011. You will not be liable for any late filing penalty or interest if you meet this due date. Beginning November 1, 2011, we will provide a stamped (receipted) Schedule 1 to those who file and pay their tax.

Efile the IRS Tax Form 2290 through http://www.TaxExcise.com or http://www.Tax2290.com the #1 efile service provider and certified by the IRS.

E-file VIN correction

reporting VIN correction to the IRS can now be done online accessing http://www.taxexcise.com or http://www.tax2290.com. No need to send paper forms for correction the mistakenly filed VIN#. click here to check more

Efile 2290 Amendment

When reporting an original Form 2290 with IRS for the tax year, you would have increased your Gross Weight, or crossed the Mileage Limit from the originally filed Form 2290. Report an amendments online and get it corrected in your Schedule 1 copy. Click here to read more

Form 2290 Credits

Efile the Sold / Transferred / Destroyed Vehicle claims to the IRS and receive your claims faster now. You have paid and would have sold the vehicle, so IRS may owe tax credits for the sold vehicle. Now claim the 2290 refunds online and get your refund faster. Click here to read more

Please feel free to reach the Support Center at 866-245-3918 for any further support, we love to help you through your filing. Also email us your queries to support@taxexcise.com for instant reply

Due Dates, Form 2290 Amendment, Form 2290 Efile, Form 720 Quarterly Excise Tax Efile, IRS Tax Tips and Alerts

IRS to Host Public Meeting Dec. 8 on Real-Time Tax System

WASHINGTON –– The Internal Revenue Service will kick off a series of public meetings  Thursday, Dec. 8 to gather feedback on how to implement a series of long-term changes to the tax system described by IRS Commissioner Doug Shulman in an April 2011 speech at the National Press Club.  In that speech, the Commissioner described a vision where the IRS would move away from the traditional “look back” model of compliance, and instead perform substantially more “real time,” or upfront matching of tax returns when they are first filed with the IRS.  The goal of this initiative is to improve the tax filing process by reducing burden for taxpayers and improving overall compliance upfront.

Under the vision of a real-time tax system, the IRS could match information submitted on a tax return with third-party information right up front during processing and could provide the opportunity for taxpayers to fix the tax return before acceptance if it contains data that does not match IRS records

By contrast, today the IRS conducts a significant number of compliance activities months after the tax return has been filed and processed.  It is not uncommon for a taxpayer to receive a notice 12 to 18 months after a tax return is filed.  This after-the-fact compliance approach can create problems and frustrations for both taxpayers and the IRS.

At the public meetings, IRS officials will solicit feedback and input from outside stakeholders to provide comments and insight. The first meeting will feature representatives of consumer groups, the tax professional community and government representatives.  A future public meeting will include, among others, representatives of the employer and payroll community, the software industry, financial institutions and additional government representatives.

The first meeting, scheduled at 9:00 a.m. on Dec. 8, will take place at the IRS Headquarters Building Auditorium, 1111 Constitution Ave., NW, Washington, D.C. Those who would like to attend the meeting should e-mail the IRS atCL.NPL.Communications@irs.gov with the contact information for the attendees or call the IRS at 202-622-3359.

The next public meeting will be held early next year.

Source: www.IRS.gov Issue Number: IR-2011-114

Due Dates, Federal Excise Tax Electronic Filing, Form 720 Quarterly Excise Tax Efile

Excise Tax reporting with IRS…

Excise Tax:

Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. Excise Tax has several general excise tax programs. One of the major components of the excise program is motor fuel.

Reporting an Excise Tax with IRS is made simple and easy at www.TaxExcise.com . TaxExcise.com is the only website offering efile for all Excise Tax forms like, Form 2290, Form 8849 & Form 720.

Indoor Tanning Service Providers Must File a Federal Excise Tax Return

Beginning July 1, 2010, indoor tanning services will be subject to a 10 percent excise tax under the Affordable Care Act. Read more about Filing Indoor Tanning, Excise Tax return.

Leaking Underground Storage Tank (LUST) Tax Refunds

Taxpayers eligible for the LUST excise tax refund may use Form 8849, Claim for Refund of Excise Taxes, to file a claim.

Excise Summary Terminal Activity Reporting System (ExSTARS)

ExSTARS is a fuel reporting system developed with the cooperation of the IRS, Department of Transportation, states, and motor fuel industry, which details the movement of any product into or out of an IRS approved terminal. A facility control number (FCN) designates a storage location within the motor fuel, or renewable fuel production or the bulk transfer / terminal system. Information regarding the use of FCNs was made public by an announcement in the Federal Register on April 12, 2010. Read more at ExSTARS

Excise Tax Electronic Data Interchange (EDI) Guides (Pub. 3536)

Terminal Operators and Bulk Carriers refer to Publication 3536 for EDI filing requirements.

637 Registration Program

Under the Code and regulations, each person that engages in certain specified activities relating to excise tax must be registered by the IRS before engaging in that activity.

Excise Tax Online Exchange (ExTOLE)

The IRS administers a data repository for states to exchange motor fuel tax related information. 100 percent of the ExTOLE data originates from a particular state, and is available to other states under disclosure agreements between states. Read more at ExTOLE

Online Form 637 Registration Status Check

This Web application provides the ability for businesses to confirm whether individuals/companies have a valid IRS registration. To check your registration number, click here

Exemption From Excise Tax for Certain Wooden Arrows

On Friday, October 3, 2008, P.L. 110-343 (H.R. 1424), the Emergency Economic Stabilization Act of 2008 (Act), also known as the Tax Extenders and Alternative Minimum Tax Relief Act of 2008, was signed into law by the President. The Act includes a key provision in Title V, Section 503 that impacts the Archery federal excise tax.

Field Directive Federal Excise Tax on the Importation and Manufacture of Fishing and Archery Products

This updates the field directive that discusses the Federal Excise Tax on the importation and manufacture of fishing and archery products.

Idling Reduction Devices Exempt from 12% Retail Excise Tax

The Environmental Protection Agency’s (EPA) list of devices that reduce highway tractor idling is now available. These devices may be exempt from the 12 percent retail excise tax provided they meet the criteria set forth in section 4053(9) of the Internal Revenue Code.

References/Related Topics

•             Excise Tax Forms and Publications

•             Electronic Excise Tax Returns Are Here – Formerly Known as “ETEC” (Excise Tax e-File & Compliance) Form 2290 & 720 Join The Ranks of e-file!

•             Federal Excise Tax – Rural Airports (PDF)

•             IRS Issues Guidance on Truck Sale Excise Tax

•             Telephone Excise Tax Refund

Refer to IRS.gov website for more information.

Due Dates, Federal Excise Tax Electronic Filing, Form 2290 Efile, Form 720 Quarterly Excise Tax Efile, IRS Tax Tips and Alerts

Excise Summary Terminal Activity Reporting System (ExSTARS)

Excise Summary Terminal Activity Reporting System (ExSTARS)

What is ExSTARS?

ExSTARS is a fuel reporting system developed with the cooperation of the IRS, Department of Transportation, States, and Motor Fuel Industry, which details the movement of any liquid product into or out of an IRS approved terminal.

The ExSTARS system requires each terminal operator and bulk carrier to file monthly reports. Reports are filed for each approved terminal with a Terminal Control Number. The Terminal Control Number (TCN)/Terminal Locations Directory contains terminal control numbers and locations for IRS approved terminals.

Who is required to use ExSTARS?

Terminal Operators and Bulk Fuel Carriers (pipeline, vessel and barge operators) are required to file monthly information returns – Fuel Transaction Reports. All receipts and disbursements of liquid products to and from an approved terminal are reportable. If reportable transactions equal or exceed 25 during a monthly reporting period, electronic reporting through ExSTARS is required. Each receipt of liquid product and each disbursement of liquid product constitutes a separate transaction even if it is a single movement of fuel.

Form 720-TO Terminal Operator Report. Form 720-TO is required to be filed by a terminal operator to report monthly receipts and disbursements of all liquid products to and from all approved terminals.

Form 720-CS Carrier Summary Report. Form 720-CS is required to be filed by bulk transport carriers (barges, ships, and pipelines) who receive or deliver products in or out of storage at a terminal, or any other location designated by a facility control number (FCN).  Pipelines only file for receipt or delivery transactions at an approved terminal.

Facility Control Number System (FCN)

A facility control number designates a storage location within the motor fuel, or renewable fuel production or the bulk transfer / terminal system. Facilities include refineries (RCN), approved terminals (TCN), biodiesel production facilities (BCN), or ethanol production facilities (ECN). Currently, only TCNs are required to file returns.  Information in the RCN directory is required for reporting purposes for carriers. The BCN and ECN numbers will be released at a later date. Information regarding the use of FCNs was made public by an announcement in the Federal Register on April 12, 2010.

When to file?

The report is due the last day of the month following the reporting period. If any due date for filing a return falls on a Saturday, Sunday, or legal holiday, the report maybe filed on the next business day.

How to file?

• Apply to participate in electronic filing using letter(s) of application. Fill-in letters of application are available for Terminal Operator/Carriers and Transmitters.

• Electronic Filing (Electronic Data Interchange) over the Internet

• A test cycle will be used to test the exchange of files between the electronic filer and the IRS prior to submitting production files. These tests will ensure the successful submission of qualifying electronic Form720-TO, and Form 720-CS information returns.

• Paper submission of Form 720-TO and/or 720-CS

Why is filing required?

•  Implementation of Treasury Regulation 48.4101-2 requiring “taxable fuel registrants” to provide information reports.

• Match Information Returns against Excise Tax Returns.

The new electronic format will be available for testing beginning in early December 2010.

Please see a  summary of these changes for further details.

References/Related Topics

Source: IRS.gov read more.