This year the Form 2290 is going through two big changes with the way they collect information for Credits on vehicles that are sold during the tax year. First there is something the seller must do, and second something the buyer must do.
What do you need to e-file?
You just need a couple of things to get started.
2015 IRP Annual Meeting – Day 1: Monday May 18, 2015
Folks are still flying in from all over the US and Canada to attend the 2015 IRP Annual meeting in Savannah, GA. While the meeting officially kicks off on Tuesday, there were two different all-day committee meetings today. The first was discussing Jurisdictional Peer Reviews, and the second was the IT and Data Committee meeting. I attended the IT and Data Committee Meeting.
It was just announced by the American Trucking Association, that the Trucking Industry generated $700 billion in revenue for the first time in history last year. The industry had not come close to generating that figure since 2008 peaking at $660.3 billion.
There’s been a lot of discussion around IRS e-file recently. Between PTIN fees, education and testing requirements, and e-file mandate updates there’s a lot of change happening in the e-file industry.
2290 Tax Form
As defined by the IRS, the 2290 Tax Form is used to:
- Calculate and pay the tax due on vehicles that weigh (fully loaded: tractor and trailer) 55,000 lbs or more.
- Claim suspension from tax for a vehicle that weighs (fully loaded: tractor and trailer) 55,000 lbs or more that is expected to be used 5,000 miles or less (7,500 miles or less for agriculture vehicles) during the taxable period
Vehicles that drive themselves. Seemingly, a concept straight out of the Jetsons. But is our technology advanced enough to make this possible? Well according to Mercedes-Benz, Audi, and Google we can expect to see self driving vehicles on our streets like tomorrow! Well not really, but they are close.
It has come to our attention that their has been a certain Nikki Johnson contacting people via phone demanding that they pay taxes owed to the IRS. Nikki Johnson threatens that if the taxes are not payed they can face jail time. Our customers that have made us aware of this situation, call us concerned because of course they do not want to be arrested or get into any kind of trouble with the IRS.
Route 66 was not intended to be an all American tourist attraction. Route 66 intent was to run across the U.S. in order to facilitate farmers with the transport and redistribution of their goods. Routes regularly used, prior to the construction of Route 66, were treacherous and uneven. Route 66 provided a flat drive from California to Chicago. It gave way for a safe and easy ride across the country. As with farmers, the Mother Road’s easy drive helped it gain popularity with many industries in the country. The Trucking Industry in particular gained momentum as it provided an easy and reliable way to transport goods. This new route helped make the Trucking Industry become an important competitor, giving the railroad a run for its money.