As an owner of a heavy vehicle, you may be wondering how many times you need to file form 2290 for your new or existing truck. Here is a handy guide, including some frequently asked questions. IRS form 2290 is a Federal Excise Tax that is...
In an effort to fight off an unprecedented crisis, the U.S. Congress passed legislation that provides $2.2 trillion in aid to states, citizens, and businesses, both small and large. The IRS plays a central role in this process, administering the CARES Act (Coronavirus Aid, Relief,...
Governments around the world have been impacted by the coronavirus pandemic and are implementing emergency measures to support their economies. The U.S. federal, state, and local governments have released new legislation and tax code updates to ease the economic burden felt by citizens and businesses. On...
The IRS issued Notice 2020-17 (the “Notice”), which provides relief for taxpayers affected by the coronavirus pandemic. The IRS had announced that taxpayers have until July 15, 2020, to pay and file federal income taxes that were due on April 15. There will be no late-filing...
The deadline for filing your federal income tax return is April 15, but you can also file an extension with the IRS. If you miss the deadline completely, you'll get a penalty of 5% of any tax you owe. If the return is more than...
