When a new vehicle is put into service, the Form 2290 must be filed by the last day of the following month. If a vehicle was used during any part of a month, the tax will be calculated for that month as a whole. For example, if a vehicle was used on February 15th, it will be taxed as though it was used the entire month. If you first placed your vehicle on the road anytime in February, you can file your Form 2290 anytime between now and March 31st, 2016.
The tax will be prorated based on the number of months the vehicle will be used during the tax period. So vehicles that were placed in service during the month of February 2016 has to have a HVUT filed for it using the Form 2290 by March 31, and the tax will be based on 05 months, instead of the full year. For vehicles first used in March, the tax will be based on 4 months and so on. Continue reading
“As far as Athens is concerned, I also think about all those people who are trying to escape tax all the time. All these people in Greece who are trying to escape tax. – Christine Lagarde. It is not wrong to have a thought to hold on to your hard earned money as long as possible, but one should make sure that they file & pay their taxes on or before the deadline to safeguard themselves from IRS penalties & interests. 
IRS tax Jargon’s are pretty complicated to decode, today let’s throw some light on the term “SUSPENDED VEHICLES”. Taxpayers mostly get confused with the term Suspended vehicle, reason is very simple as per their understanding they think it means any vehicle that they take out of service is defined as suspended vehicle. That’s absolutely incorrect. So what does it mean?…
For every action, there is an equal and opposite reaction – Newton’s third law. Well let science do its job by either accepting or denying with Newton, but we at 
We love everything about the holidays: the decorations, the parties, and spending time with friends and family. Most importantly it is the feeling of giving back. Every bit counts. It is very evident that we all are busy making our holiday plans, but we must also make sure that we take care of the obligations before we start partying. One such thing is Taxes.