A Preparers Tax Identification Number (PTIN) is an IRS business tax identification number issued to paid preparers of U.S. federal tax returns, like the Form 2290. Anyone who receives compensation for preparing tax returns is considered a paid preparer and must have a PTIN issued by the IRS.
PTINs were created to protect the privacy of the tax preparers. Many years ago, paid preparers were required to use their Social Security Number (SSN) to sign documents- which wasn’t very safe!
Continue reading “PTIN Renewal”
Many Canadians have been receiving the post card below. To most, this probably isn’t big news. But to a few, and especially with the new FRP plan getting started, it’s a big change. This article is mostly for Canadians – but is probably good advice for anyone who wants to cross the US/Canada boarder.
Continue reading “IRS Notice Decoder – Canadian Postcard”
Suspended vehicles are vehicles that travel less than 5,000 miles on public highways (7,500 miles for agricultural vehicles). These types of vehicles still need to file a Form 2290, but will owe $0 in taxes. Since there is no tax amount due to the IRS for these kinds of vehicles, the IRS wants proof that your vehicle travels under that mileage limit.
We have been noticing more and more of our customers who have filed suspended returns get audited by the IRS and did not have the right kind of proof to defend themselves. We don’t want this happening to anyone else.
Continue reading “Suspended Vehicles Proof Reminder”
Did you get a penalty notice – but you KNOW you filed, and you KNOW you paid your taxes? Well then you, like many others, may have gotten a mistaken penalty notice.
Continue reading “Does That Penalty Notice Look Funny to You?”
On 9/2/2014 a US Attorney in Florida announced an indictment of a registration service for defrauding owners of large tractor trailers of lots of money. Read the original articles from WTCV and OOIDA.
Fraud is easy to understand – it is simply deception.
Continue reading “2290 Fraud”
You’ve filed and paid for the Form 2290. You may or may not have known that you filed late and now the IRS is charging you penalties and interest. What do you do now?
Continue reading “Penalties? Interest? Oh, My!”
Did you know there is an e-file Grace Period on Form 2290? OK – so it’s not exactly a “Grace Period.” The IRS calls it a “Transmission Perfection Period.” They talk Fancy-Shmancy!
Continue reading “2290 e-File Grace Period”
It’s happening once again. The IRS is shutting down for Labor Day.
The Official IRS Due Date this year is Tuesday September 2nd. But thanks to this shut down – that’s going to be a very tight squeeze. Please try and get your 2290’s done by Friday August 29th by 5:00 PM Pacific Time – before this shut down starts just to be safe. We’re happy to try and help you get out of any penalties and interest – but it’s better if they don’t get assessed in the first place.
Continue reading “IRS Labor Day Shut Down”
This happened! A friend of 2290Tax.com painted a picture for us when we moved into our new offices on Route66. How he came up with the idea is a whole other story, but it got me to thinking…why haven’t I ever seen a real stamp like that? I’d buy that stamp in bulk and use it for all our mail – if such a stamp existed! The message is right on – Truckers are “First Class Forever” in our eyes.
Continue reading “Truckers: First Class Forever”
You have spent a lot of time collecting all your tax information, filing the Heavy Vehicle Use Tax, and you finally received your stamped Schedule 1. To your surprise and dismay, you see that a typo was made in the VIN. Where do you go from here?
Thankfully, we offer VIN corrections at no charge. “No charge” meaning completely free– you don’t pay us anything and you don’t pay the IRS any more taxes.
Continue reading “Correcting a VIN”