The 2021-22 Form 2290 tax season is coming to an end, and that means important deadlines are here!
It is important to meet the requirements for this deadline to avoid hefty penalties given by the IRS. No one wants to pay more than they need to, so file now to avoid missing the deadline.
What Deadline Is Coming Up?
The important deadline that is just right around the corner is the Form 2290 and HVUT payment due date. The Form 2290 must be filed and the HVUT payment must be made to the IRS by the end of August 31st, 2021.
Missing this deadline will result in additional charges that will keep incurring until the Form 2290 is filed and the HVUT payment is made.
What Penalties Will Be Charged?
If you miss the deadline for Form 2290, you will be subjected to additional penalties that can make the tax payment even more substantial.
If the Form 2290 is not filed in time, a penalty equal to 4.5% of the total tax amount will be incurred on top of what you would have owed. Plus, for each additional month, you are late, you will incur another .5% in interest.
If you don’t file your Form 2290, you also won’t be sent your new stamped Schedule 1. With last year’s Schedule 1 expired, you will not have proof of filing. This will be an issue when going to renew titles and licenses for your vehicle
This may also result in your vehicle being grounded, and no one wants that!
Why Should You E-file Form 2290 Now?
The deadline is only a few days away and, to ensure the IRS receives the Form 2290 on time and to avoid processing delays, it is important to file online.
When you file your Form 2290 online with ExpressTruckTax, your Form 2290 will be processed by the IRS and you will receive your stamped Schedule 1 within minutes.
Once you file your Form 2290 with ExpressTruckTax, remember you aren’t quite done yet. You must remember to make the HVUT payment to the IRS before the deadline.
Filing online is quick and simple when using ExpressTruckTax. We offer multiple features to help simplify the process and we offer truckers the ability to file from anywhere, even on the road!
File Your Form 2290 Before The Deadline!
File your Form 22290 and make your HVUT payment now before the deadline on August 31st.
To sign in or register with ExpressTruckTax, click here or give our live customer support team a call at 704-234-6005.
