Signature Red Velvet Cake

Name: Signature Red Velvet Cake
Prep time: 40 min
Cook time: 45 min
Total time: 1 h 25 min
Cuisine: American
Ingredients: 2 cups all-purpose flour; 2 tablespoons cocoa powder; 1 teaspoon baking powder; 1 teaspoon baking soda; 1 teaspoon salt; 1 cup any type of vegetable oil, including non-virgin olive oil; 2 large eggs; 2 cups [brand:name] Extra Fine Granulated Sugar; 1 cup buttermilk; 1 tablespoon vanilla extract; 2 teaspoons red food color (gel type); 1/2 cup hot water; 2 teaspoons white distilled vinegar; 3 packages (8 ounces each) cream cheese, soft; 3/4 cup (1 1/2 sticks) unsalted butter, soft; 1 tablespoon vanilla extract; 2 1/2 cups [brand:name] Confectioners Powdered Sugar