Truck Sizes By Axle: Truckers Cautioned Of Grade (Crescenta Valley Sun)Following an onslaught of concerns stemming from a big rig accident in neighboring La Cañada on April 1 that claimed the lives of a father and his young daughter, and injured seven others, new signs have been posted on the Angeles Forest and Angeles Crest highways and the Foothill (210) Freeway, warning of the steep grade and restricting five axle trucks.
What is a CPA Mom?
CPA Moms is trade name given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some work from home, other work from personal offices. Not all are moms, there are some dads. Each CPA Mom is independent and licensed by their state CPA agency.
Being in a relaxed environment has many advantages. Lower overhead, faster response time, more availability etc.
To be a member of CPA Moms, the CPA must ALWAYS be in good standing with their state licensing CPA agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
Tax Net Inc, the parent company of the CPA Moms, has developed marketing and on line systems to help qualified CPA’s work from their relaxed environment and offer better service at a lower price to the consumer. Since the CPA Moms do taxes and accounting of all complexities, there is always a CPA Mom available for every level of work.
For reliability and dependability of CPA Moms organization click on the Better Business Bureau icon below.
| |
New Law Changes Highway Use Tax Rules: Installment Payment Option Eliminated
Richard Chapo
The IRS is reminding truckers and other owners of heavy highway vehicles that the installment option for paying the federal highway use tax will no longer be available. This change was included in the American Jobs Creation Act of 2004 and applies to filers of Form 2290, Heavy Highway Vehicle Use Tax Return. Beginning with the Form 2290 for the tax year that begins on July 1, 2005 and ends on June 30, 2006, the balance due shown on the form must be paid in full by the due date of the return. In most cases, the deadline for filing the return and paying any tax due is August 31, 2005. Payment can be made by check, money order or electronically through electric payment (EFTPS). In previous years, taxpayers who timely filed Form 2290 could choose to pay the tax in four equal installments. Ordinarily, these installment payments were due on the last day of August, December, March and June. About 148,000 taxpayers chose this option last year in 2004. In general, the highway use tax applies to trucks, truck tractors and buses with a gross taxable weight of 55,000 pounds or more. Ordinarily, vans, pick-ups and panel trucks are not taxable because they fall below the 55,000-pound threshold. For trucks and other taxable vehicles in use during July, payments are due on August 31. The tax is based on weight and normally ranges from $100 to $550 per vehicle. A variety of special rules, discussed in the instructions for Form 2290, apply to vehicles with minimal road use, logging or agricultural vehicles, vehicles transferred during the year and those first used on the road after July. State governments are required to receive proof of payment of the federal highway use tax as a condition of vehicle registration. Schedule 1 of the Form 2290 is stamped and returned to filers for this purpose. This process remains unchanged. The Jobs Act also eliminated reduced tax rates for vehicles registered in Canada and Mexico. For vehicles with a base registration in either country, the tax rate was 25% below the regular rate. In addition, the Jobs Act made electronic filing mandatory for taxpayers who file highway use tax returns for 25 or more vehicles. The availability of electronic filing for Forms 2290 is pending. Taxpayers should continue to file paper returns. The IRS will notify taxpayers when the electronic filing program is available.
Disclamer: On this pages of this web site you will find resources concerning the trucking industry. This information was collected from many independent sources. The opinions expressed by each source is their opinion and is not necessarily the opinion of Denise or the CPA Moms. Each article or news item offers a different point of view and the source of each. This information is for general information only.
If you want a specific opinion, please contact me. |
Truckers Related News
Truck Sizes By Axle: Truckers Cautioned Of Grade (Crescenta Valley Sun)Following an onslaught of concerns stemming from a big rig accident in neighboring La Cañada on April 1 that claimed the lives of a father and his young daughter, and injured seven others, new signs have been posted on the Angeles Forest and Angeles Crest highways and the Foothill (210) Freeway, warning of the steep grade and restricting five axle trucks.
|
Related Articles
- Truck Accident Statistics
In 2003, there were 58,512 total vehicle accidents involved in fatal crashes in the U.S. (NCSA).4,669 were large trucks involved in fatal truck accidents.Large trucks are more likely to be involved in...
- Some Thoughts On Becoming A Trucker
If you have the will to explore around the country and get paid at the same time, consider being a trucker. Truckers enjoy some benefits that people in other capacites do not have, namely the camaraderie...
- A Look at Truck Tire Chains
Truck tire chains can be purchased for everything from a pickup truck to an 18-wheeler. Drivers can find a chain to fit just about any need, spanning every size and style, and desired performance.Single...
- Road Traffic Accidents Legal Proceedings
Even though there have been advancements in road and car safety, road traffic accidents are still common place in our society. Unfortunately, statistics show that most people will be involved in a serious...
| | |
