Monday, December 19, 2022

Now Is The Time To File Form 2290 Online with a First Used Month of November

 

Are you required to file Form 2290 for your vehicle? If it weighs 55,000 pounds or more, you must file Form 2290 annually to the IRS for the Heavy Vehicle Use Tax. Typically Form 2290 is due August 31st and is filed for the upcoming tax year. If a vehicle is put on the road during the tax year, Form 2290 must be filed by the last day of the following month.

 


If you put a vehicle of a qualifying weight on the road in November the deadline to file Form 2290 would typically be December 31st. December 31st falls on a Saturday this year and the IRS is closed on Monday, January 2nd in observance of New Year’s so the deadline falls on Tuesday, January 3rd, 2023. It is especially important that you file before then because the IRS e-filing system shuts down for maintenance on December 24th and it does not reopen again until sometime in mid-January.

 

 

 

If Form 2290 is filed during this shutdown period it will sit on hold until the e-filing system is back up again and by the time it is, your Form 2290 Online for your vehicle with a First Used Month of November will be considered late. Not only that but you would have to wait until then to get your Stamped Schedule 1 which is obtained by filing Form 2290. The Stamped Schedule 1 is required when you need to obtain the tags or registration of your vehicle. 

 

In order to avoid late filing fees it is important that you file before the IRS shuts down so that your Form 2290 does not sit on hold unprocessed. Specifically, it is important that you file by Friday, December 23rd, 2022. Precise2290 can help you do exactly that. By using Precise2290 you are able to file Form 2290 in minutes with a few simple steps. All you need to do is provide your business information, vehicle information, credit vehicles if any, and payment information. You can even pay your Heavy Vehicle Use Tax directly through Precise2290 using a credit or debit card alongside your filing fee.

 

Why risk your Form 2290 being late and getting late fines? Get your Stamped Schedule 1 within minutes of your Form 2290 being accepted when you file with Precise2290. What are you waiting for? File Form 2290 today to file before the IRS e-file system shutdown!

Saturday, December 17, 2022

Global Identity Check latest Market Report 2022

 

Global Identity Check refers to the services and products used to confirm the validity of a person's physical identity or their documentation, such as a driver's license, passport, or another identity document that is issued nationwide. Identity verification is a crucial procedure that makes sure a person's identity corresponds to what it should.


 

Secure Global Identity Check is sought after by many institutions operating in the digital domain due to an increase in fraudulent paper work and falsified personal identity certificates. Global Identity Check solution sales are expected to increase rapidly in the future years, reaching a total value of US$ 18.6 billion by the end of 2026.

 

Rising deployment of advanced technologies

 

Growing adoption of advanced technologies such as big data, cloud computing, artificial intelligence, and machine learning will positively influence market growth.  Verification services like blockchain-based identity verification are actively addressing organizations' growing cyber risks and vulnerabilities, the adoption of Bring Your Own Devices (BYOD) in organizations, Global Identity Check, Know Your Customer (KYC) and Anti-money Laundering (AML), and identity verification in healthcare.

 

Wednesday, December 14, 2022

How to E-File Form 1095-C Online for 2022

 

Generally, the IRS mandates that all employers with 50+ full-time employees (ALEs) are subject to the employer mandate. This states that these employers are required to annually report to the IRS on the coverage offered to their full-time employees.

 


IRS Form 1095-C, Employer-Provided Health Insurance Offer and Coverage used by Applicable Large Employers (ALEs) to report information about health coverage offered to the employees. Form 1095-C should be filed with the IRS, and copies should be furnished to employees.

 

 

Form 1095-C is required by the federal Affordable Care Act (ACA). The ACA requires large employers to report to the IRS on the health coverage, if any, offered to their full-time employees. Form 1095-C provides both you and the IRS with information about the health insurance coverage offered to you and, if applicable, your family.

The State Personnel Department will mail you a Form 1095-C if you were a full-time state employee or received health coverage due to state employment at any point during the tax year. You may receive multiple Form 1095-Cs if you worked for multiple large employers during the tax year.

 

No. Only you will receive the Form 1095-C. We will not provide a separate form to others covered on your plan, even those who do not reside with you. As the recipient of the form, you should provide a copy to any of these individuals if they request it for their records.

Thursday, December 8, 2022

Customs Automated Export System Filing

 

A CustomsAES Filing is required for most exports of merchandise from the United States to a foreign country if the merchandise is valued at $2,500 or more by Schedule B number. However, the origin of the goods, either domestic or foreign, is also considered. 



There are three parties that can file the EEI data with AES: the U.S. Principal Party in Interest (USPPI), the USPPI's authorized agent or the authorized agent of the Foreign Principal Party in Interest (FPPI).

During AES development, a Trade Resource Group convened regularly. To ensure that all voices were heard, the group was comprised of large and small exporters, carriers, freight forwarders, port authorities, and non-vessel operating common carriers (NVOCC). At the trade's request, separate coalitions for exporters and software vendors were formed.

 

At the start, position papers were collected from trade associations to determine what AES data requirements and automation capabilities should be included in AES. Public meetings were held around the country and comments were collected at each meeting in order to receive feedback from the trade community. This partnership with the trade continues as AES evolves. In 1998, Interest-Based Negotiations between the government and the trade generated enhancements to AES which provides filing options for exporters and their agents.

Wednesday, December 7, 2022

Become an Authorized Form 1099 e-file Services Provider

 

Online e-services products are now available including the IRS Electronic e-file Application. E-services are a suite of online products that allow tax professionals and payers to do business with the IRS electronically.


The IRS has mandated six new security, privacy, and business standards to better serve taxpayers and protect their information collected, processed and stored by Online Providers of individual income tax returns.

Authorized IRS Form 1099 e-file Providers are prohibited from submitting electronic returns to the IRS prior to the receipt of all Forms W-2, W-2G, and 1099-R from the taxpayer.

 

Get Rid Of The Guesswork. Have Confidence Filing 1099 Forms w/ America's Leader In Taxes. More Americans Trust Their Taxes To TaxSeer Than All Other Online Providers Combined.

File 1099 NEC Online form 2022 with advanced and secure e-File software TaxSeer.com. Best 1099 eFile and reporting service for all businesses with TIN check and Mail delivery options.

The IRS lets businesses annually file their 1099 forms electronically (also known as e-File), instead of manually printing paper copies and sending them to the IRS. For more details, check out the IRS's Filing Information Returns Electronically.

Thursday, December 1, 2022

Global Trade Export Documents

 

The number and type of documents that the exporter must produce vary according to the terminus and type of shipment. Because each country has its own set of import regulations, the exporter must take care to find out, well in advance, what documents will be required for the shipment of goods to clear customs in another country. It’s best to ask the foreign importer what documents are required in his or her country for up-to-date foreign import requirements and verification.  

 


Discrepancies or omissions in documentation may result in the export of merchandise being delayed, may result in non-payment, or even result in the seizure of the exporter’s goods by the U.S. or foreign customs officials. Collection documents are subject to precise time limits, and may not be honoured by a bank if the date has expired. Most documentation is routinely prepared by freight forwarders and customs brokers, but, as the exporter, you are ultimately responsible for the accuracy of the documents.

It’s important to understand what documents are required for a shipment and why they are required. Another option is to have a freight forwarder prepare documents for your exports. 

Parties are screened against the data maintained in Workseer's Global Knowledge® application which contains the most comprehensive and current database of global trade content and international business rules available today. The information covers over 700 restricted party lists from more than 200 countries, making Workseer's trade content and update process the best in the industry.