So truckers, how are you doing? Today we are going to talk about the role of Third Party Designee when you are filing form 2290 for your heavy vehicles weighing more than 55,000 pounds. No matter which method you opt for, either paper filing or e-filing, by the end of preparing your return, you will be asked to assign a Third Party Designee for your filing. Many of us prefer skipping that option very conveniently as we feel we are calling in for more problems, however, that is not right.
We will talk about the purpose of holding upon a Third Party Designee for your return.
The basic role of the Third Party Designee is to handle your financial dealings with IRS on your behalf. Keeping in mind the busy schedules to run the show of deliveries, a trusted person from an employee to or business head can be assigned as Third Party Designee. Simply check on “Yes” to authorize IRS to speak with the designee to answer the questions shot by IRS related to the information noted in form 2290. Also, you are authorizing the designee for:
- Exchange of information concerning form 2290 with IRS,
- Request and receive written tax return information related to form 2290, including copies of notices, correspondence, and account transcripts
Additionally, you need to mention the designee name, phone number and the five digits that person choose as his/her personal identification number (PIN). The authorization applies only to the tax return on which it appears and does not bind the designee to deal with additional tax liability or otherwise represent the taxpayer before the IRS. The authorization is valid for one year from the due date.
Additionally, you can revoke the authorization by writing to IRS. Check IRS official website for more information.
Other than that, we have an announcement to make. If you have taken your vehicle out for the first time during the month of August, you are liable to file and pay tax due by the end of September in order to avoid penalties. E-filing is beneficial, easier and advantageous with TruckDues.com and of course, it leaves you overwhelmed when you notice your taxes is calculated already and there is no room for IRS to reject your return. And how can you miss out the comfortable assistance provided by our Tax Expertise.
TruckDues.com is being into the tax filing industry for more than a decade and now we are adding upon better and unique features to provide a user-friendly tax filing session our end and receive your schedule 1 copy in minutes through fax or request for an update through text.
Any other queries related to truck tax or you would like to share your feedback about our application, do feel free to get in touch with our Tax Expertise at 347) 515 – 2290 or simply drop in a mail to support@truckdues.com. We are here for you, for better back-end support.
Happy Trucking! – Team TruckDues.com.