Barbara Weltman
Big Ideas for Small Business, Inc.
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If you own heavy highway vehicles, today is the deadline for filing Form 2290, which can be e-filed. The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more (most large trucks, truck tractors, and buses). The tax is based on the weight of the vehicle. Unsure if you have to file? Use an IRS tool to help you decide.
BOI reporting cont'd. But this isn’t the end of the story. The government filed a notice of appeal with the appellate court, and FinCEN says “deadline stay—voluntary submission only” (https://bit.ly/3ZpKxwU Note: There are cases challenging CTA that are still pending.
