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The HVUT, or Heavy Vehicle Use Tax, is once a year tax paid by truck drivers or owners of trucking companies. It applies to drivers operating automobiles on our nation's highway, and many money goes towards maintaining roads, alleviating congestion, keeping the roads safe, and funding new tasks.

B) Interest earned, although not paid, throughout a bond year, must be accrued following the bond year and reported as taxable income for that calendar year in which your bond year ends.

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The 2006 list of scams contains most for this traditional an incident. There are, however, three new areas being targeted by the internal revenue service. They and a few others are highlighted typically the following email list.

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Identity Theft/Phishing. This isn't so much a tax reduction scam as a nightmare wherein identity thieves try receive information from taxpayers by acting as IRS specialists. Often they send out email as though they are from the Rates. The IRS never sends emails to taxpayers, so don't respond on these emails. Discover sure, call the IRS and correctly . if a contact problem. Purchase reach the government at 800-829-1040.

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