Filing your Heavy Highway Vehicle Use Tax (HVUT) Form 2290 online before the IRS due date of 31st August is critical to stay compliant & avoid penalty and continue your operations. Receiving a penalty notice from the IRS is discouraging as it adds to the taxes that you already owe. Taxseer2290 suggests filers not wait till the end of August and efile form 2290 much before the due date and receive the IRS stamped proof of payment (Schedule 1) within minutes.
What is the due date for form 2290 filing?
IRS Form 2290 filing starts from 1st July and the deadline to file taxes for the full tax year without penalty is 31st August. If the filing gets rejected then it is the responsibility of the filer to correct and resubmit it and get Schedule 1 before the deadline. If your Form 2290 filing or payment is late then IRS imposes penalties that will be over the taxes that you owe.
What happens if you fail to file & pay your form 2290?
If you fail to submit your Form 2290 filing or HVUT payment before the HVUT due date then IRS will send you a notice with the penalty. However, there is a possibility that your penalty may be waived by the IRS if you provide a satisfactory reason for the delay. It is up to the IRS to accept or reject the reason and decide on the penalty. There are penalties for making false or fraudulent returns too especially related to the gross weight category and mileage.
How does IRS calculate the penalty for the delay?
Taxseer2290 system is not authorized by IRS to calculate the Penalties and the filers can normally file form 2290 with us even after the deadline. Penalties are handled directly by the IRS and it is calculated based on the following rules:
The normal penalty is 4.5% of the taxes due after the due date. There is a provision of additional interest of 0.54% per month on the total tax owed.
What is the effect of late filing on vehicle operation?
You can obtain or renew your vehicle tag by presenting the IRS stamped proof of payment (schedule 1) to the Department of Motor Vehicles (DMV). If you have not filed your IRS HVUT form 2290 and received schedule 1 within the due date then you are operating your vehicle illegally and this has other repercussions including suspension of your vehicle registration.
E-file HVUT Form 2290 with Taxseer2290
You just have to sign up with www.taxseer2290.com and select the Start Filing option. The e-file wizard will guide you step by step to complete and submit the error-free filing. The IRS stamped Schedule 1 is emailed to the registered email address and this can be printed and presented to the DMV to get the vehicle tag renewed.
About Taxseer2290
Taxseer2290 is a leading IRS-authorized e-file service provider offering you the best cloud-based solutions to perform online filings of Form 2290, Form 8849 (Claim Credits for overpayments), and the Form 2290 Amendments. As part of our commitment to make e-filing easy and convenient, we are always available and you can contact us over the phone at 240.780.6153. You can also reach us via live chat or email us at support@taxseer2290.com.
