Your Heavy Vehicle Use Tax (HVUT) IRS Form 2290 due date was Friday, August 31st. Yup, that’s right; it was last Friday. This means you are on the clock and you need to file Form 2290 fast to avoid higher penalties and interest. Remember, if you filed before the deadline and it was rejected you are still subject to penalties until you file a corrected form.
Why 2290 Forms Are Commonly Rejected
So why wait? Go ahead and use ExpressTruckTax to quickly and conveniently knock out your IRS Form 2290 today. As a bonus, use the following tips about why 2290 forms are commonly rejected to get yours accepted the first time.
EIN Problems
You need an EIN or Employer Identification Number to complete your IRS Form 2290. There’s no way around it. If you use your SSN (Social Security Number) in place of your EIN when you file Form 2290, it will be rejected instantly.
Duplicated IRS Form 2290
Your rig’s VIN (Vehicle Identification Number) can only be filed for once during the HVUT tax period. Duplicates will be rejected, so make sure that you’re filing for the current tax period which runs from July 1st, 2018 to June 30th, 2019. If you accidentally filed for the previous tax period then that could be why your form is considered a duplicate.
You also need to make sure that you enter your VIN correctly. If it’s one character off, then your form could get rejected. If your form is rejected for this reason don’t panic, you can quickly and easily file free VIN corrections with ExpressTruckTax.
RTN Errors
You can pay the amount of HVUT you owe to the IRS through direct debit or electronic funds withdrawal, and that process involves providing your bank account number and RTN (Routing Transfer Number).
If you enter this information with as little as one character off, the IRS will not be able to debit the funds, and your form will be rejected. This is also the case if you do not have enough funds in your account to cover the full amount.
Enter your information, which can be found on one of your checks, correctly. If your form is rejected for an incorrect RTN or insufficient funds you will need to edit your form and retransmit it or choose a different payment method.
Current IRS Penalties And Interest
If you have failed to file your Form 2290 or a corrected amendment you are facing a penalty of 4.5 % of the total tax amount due. Your penalty will increase on a monthly basis for up to five months. Plus, if you failed to make your HVUT payment will also need to pay a .5% penalty per month until it is paid in full.
More importantly, you are driving with an expired Schedule 1. You need your stamped Schedule 1 to register new vehicles and to renew your tags with the DMV. Without it, you are operating illegally.
Form 2290 Filing Made Easy
If you still need to file Form 2290 click the link below to get started. ExpressTruckTax provides you a quick and convenient e-filing process for hassle-free Form 2290 filing.
If you have any questions, our dedicated bilingual support team is here for you every step of the way. We promise never to stick you with a robot or automated call system. Shocking I know! We discovered people want to talk to a real person when they call a company.