Could you be one of the 38 million American adults with diabetes or 88 million Americans that are pre-diabetic and not know it? This month is American Diabetes Month, and we want to shine a spotlight on what has become one of the fastest growing health epidemics in the United States. It is also one of the three top diagnosis St. Christopher Fund sees from truck drivers that apply for assistance. Statistics show that the number of people diagnosed with diabetes has grown 700% in the last 50 years! Coincidentally, the cost of insulin has risen 1,700% since 1970.
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2290 Tax for July 2020 through June 2021 is now due choose efile for greater accuracy
Truck Tax Form 2290, to prepare and report the Federal Heavy Vehicle Use Tax returns online would be the best way to do it right. This is an annual tax paid in full to claim the IRS stamped (water marketed) Schedule 1 copy, which act as the Proof for Payment of 2290 taxes. If your commercial vehicle has a gross weight of 55,000 or more you’re required to report and pay this truck tax to the IRS and obtain your paid 2290 receipt. The fees are based on gross vehicle weight. The heavy highway vehicle use tax is due is from July 1 through June 30. Tax must be paid in advance (the beginning of the IRS tax year). Tax is also prorated according to the month you first put your truck in service.
When you own or want to register a heavy vehicle with local state authorities in your name then you need to produce this receipt upon obtaining or renewing your base license plate. The commonly called 2290 truck tax is paid full, if you have driven your vehicle less than 5,000 miles (7,500 for agriculture) you can claim the suspension of tax. You can also claim this if you expect to use it for less than these numbers in the coming year.
Continue readingGet started with Form 2290, e-file
So truckers, how is the week treating you? Hope you are enjoying your drive behind the wheels. Our previous blog was about an Overview of Form 2290. However, today we are going to throw light on the documents required to file form 2290 and a detailed explanation of each of the document.
So let’s get started: For filing form 2290, the following information should be available handy:
- EIN (Employee Identification Number)
- VIN (Vehicle Identification Number)
- Gross taxable weight of the vehicle(s)
- Purchase date and date of first use on the highway
- Mention annual mileage if the vehicle is suspended.
- If the vehicle is sold, mention the details like date of selling, VIN and whom the vehicle was sold
- Claim a refund on suspended vehicle through form 2290
Note: To e file the return, you need to have this listed information ready. Continue reading