If you miss the deadline, you will incur a penalty equal to 4.5% of the total tax amount you would have owed. Plus, for each additional month, you are late, you will incur another .5% in interest.
That might not sound like much, but don’t forget, failing to have a current stamped Schedule 1 will impact your other licenses. You need a current stamped Schedule 1 to stay up-to-date on most licenses. If you don’t file Form 2290, you could end up being grounded. And if you can’t drive, you can’t make money.
File Form 2290 today with ExpressTruckTax in Minutes
Filing with ExpressTruckTax is simple and secure and you can file from anywhere! Our software is cloud-based and fully compatible with mobile devices.
Plus, if you have filed with us before, our Ready Return feature makes it possible for you to copy the details from a previous return with a single click. All your saved business and vehicle information will auto-populate your Form 2290 for 2021 automatically. All you have to do is update your IRS payment information and transmit your return to the IRS.