Wednesday, June 29, 2011

Expected delay for filing IRS Form 2290(2011-12)


The annual filing season of IRS Form 2290 for 2011-12 may be delayed. IRS will not accept any paper format or e-filing at this time. An announcement on when it will be in place is expected to be made by IRS.

A meeting was conducted by IRS regarding the extension of time for tax filings for Form 2290. Right now, the tax legislation is tied up in Congress. A new legislation need to be passed before IRS can collect the 2011-12 Form 2290 tax for the entire year.

Normal tax filing is not going to happen because of issues within the congress. IRS may wait as long as possible so that a single tax returnis all that will be necessary for the 2011-12 tax Year. However a backup plan is in place so that a 3 month tax (July, August and September) can be collected by August 31st filing deadline. When the new legislation is passed, it will determine what happens for the reminder of the 2011/12 tax year.

Please register at www.ExpressTruckTax.com to get the latest updates on Form 2290.