The 2021-22 Form 2290 tax season has come to an end. Your Form 2290 and HVUT payment needed to be sent to the IRS before the August 31st deadline.
If you filed the Form 2290 on time and sent your HVUT payment to the IRS before the deadline, then congratulations! You’re all done for this year!
But when you filed the Form 2290, did you also remember to go make your payment separately to the IRS? If not, it is important to make the payment as soon as you can in order to avoid further unwanted penalties.
What Happens If The Payment Is Late?
If your HVUT payment is late, then the IRS will be issuing penalties. Your HVUT payment needed to be made or sent out by the end of the day on August 31st to be considered “on-time”.
But luckily, as long as you filed your Form 2290 on time, the penalties for a late HVUT payment won’t be as high. However, it is still important to make your payment as soon as possible.
The longer you wait to make the payment, the higher the penalties will be, and no one wants to pay more than they have to!
How To Make The Payment
When you filed the Form 2290, there was a section where you chose which payment method you intended to make the payment with.
Here are the different payment options that the HVUT payment can be made with: