The clock is seriously ticking! Every time a moment passes then we are getting even closer to the
Heavy Vehicle Use Tax (HVUT) deadline on August 31st. You still have about two weeks to file, but don’t wait. You should still file as soon as you can.
If you run into errors and your form gets rejected then you will be responsible for correcting your form and retransmitting it by the deadline. If your Form 2290 or HVUT payment is late you will have a few penalties to face.
HVUT Penalties
You may not receive a penalty for filing your return or paying the amount of HVUT tax you owe by the deadline if you are able to show reasonable cause for not filing or paying on time. If your file after the deadline be sure to attach an explanation to your return to show reasonable cause. The reasonable cause may then be accepted or rejected by the IRS.
Now the penalty for failing to file your HVUT IRS Form 2290 by the August 31 deadline is equal to 4.5% of the total tax due, and this penalty will accrue on a monthly basis for up to five months. The penalty for not making a HVUT payment is a monthly fee of .5% of the total tax due. You will also face an additional interest charge of .54% per month. This penalty can make the amount you owe increase pretty quickly.
Note: There are also penalties for filing fraudulent or false returns.
In addition to these federal penalties, your state may suspend your vehicle registration until you can provide proof of your HVUT payment. Your stamped Schedule 1 serves as your proof of payment, and you receive it by filing Form 2290. You need a stamped Schedule 1 to renew your tags and register new vehicles. Without it, you will be operating illegally.
How to File HVUT Form 2290?
Now that you know you really need to file your HVUT Form 2290 by the deadline, don’t panic. You can quickly and conveniently file right now by heading to ExpressTruckTax.com or by using the ExpressTruckTax App on your smartphone or tablet. All you have to do is follow the e-filing guide.
Either on the site or app, you will create your free ExpressTruckTax account with your email address. Then you will enter your business information like the name, address, and EIN (Employer Identification Number). Sole proprietors may use their personal information.
Then you will enter your tax year and first used month before entering your vehicle information, including the VIN (vehicle Identification Number) and the taxable gross weight. This is also where you will select if your vehicle was used for any special purposes such as logging, or agricultural use. Remember to include any suspended vehicles.
Next, we will accurately calculate how much HVUT you owe for you. Then you can directly pay that amount to the IRS through direct debit or electronic funds withdrawal, EFTPS, or check or money order.
After that, we will perform a basic audit check on your form to catch any basic errors. Also, we will present you with a summary of your information so you can make sure all of your information has been entered correctly. Once any corrections have been made you can sign your form with a 5-digit number of your choice, pay for it, and transmit it directly to the IRS.
Last but not least, you will receive a copy of your stamped Schedule 1 via email, within about 15 minutes of transmitting it. You can also elect to have it faxed, texted, or mailed anywhere it needs to go.
For an even easier way to file call TSNAmerica at 803.386.0320 to have one of their HVUT 2290 experts file for you, over the phone. With one quick call you will have your form filed and you will receive a copy of your stamped Schedule 1 via email.
We’re Here To Help
If you have any questions regarding your truck taxes please don’t hesitate to contact the outstanding, US-based ExpressTruckTax support team. We’re available over the phone Monday – Friday from 8 AM to 7 PM EST at 704.234.6005. You can also connect with us via live chat and we offer 24/7 email support at support@expresstrucktax.com.