The IRS typically stops processing Form 2290s for a short period of time every year. This year from late December to early January, the IRS briefly put a hold on Form 2290s.
But now the IRS is back! If you e-file your Form 2290 today, it will most likely be processed today! Be sure to go e-file with us if you haven’t already!
January Form 2290 Deadline
When did you first use your heavy vehicle on public highways during the Heavy Vehicle Use Tax (HVUT) period? Because if it was in December, then your Form 2290 is due by January 31, and that’s only a little over a week away.
If you need to file, luckily you have ExpressTruckTax to help you complete your form in a matter of minutes online. However, we go beyond e-filing. We’re also here to share important Form 2290 information so you will always know exactly when you’ll need to file. Check out these HVUT deadline tips.
You file 2290 online based on the month that you first use your heavy vehicle on public highways during the tax period. This is so you won’t pay for the months that your truck wasn’t on the road.
The HVUT period runs from July 1 to June 30 of the following year and you have to file by the last day of the month following your first used month. That means if you first used your truck in December then you need to file by January 31 or you will have penalties to face.
Because most people first use their trucks in July, when the HVUT period begins, August 31 is a major deadline day. Filing your Form 2290 is incredibly important because the taxes collected are used to repair, maintained, and build public roads.
As a result of filing, you will get a copy of your stamped Schedule 1, which serves as proof of filing and paying your HUVT tax. This form is actually needed to renew your tags and to complete your IRP return.
HVUT Penalties
If you fail to file by the deadline you will have expensive penalties to face. For example, for failing to file by the due date you will face a penalty of 4.5% of the total tax due. This amount will accrue on a monthly basis for up to five months.
Plus, if your HVUT payment is late or doesn’t fully cover the amount you owe you will face an additional penalty of 0.5% of the total amount due. Also, there is an additional penalty of .54% as well.
But worst of all, if you don’t file you won’t have a copy of your stamped Schedule 1, which is required by the DMV so you can keep legally operating. Don’t get parked, file by the deadline with ExpressTruckTax.
E-Filing With ExpressTruckTax
We have streamlined the e-filing system to make it incredibly quick and easy. You don’t have to download anything or head to the IRS office. Simply create your free account and follow the step-by-step instructions to instantly complete your form and transmit it directly to the IRS.
Our instructions explain what information is required to complete your form and where it needs to be entered. Plus, our internal audit check will scan your 2290 form to catch any basic errors before it’s sent to the IRS.
As a result of filing with us, you will receive a copy of your stamped Schedule 1 in about 15 minutes via email.
Best of all, our live, US-based support team is ready to help. If you have any questions call us at 704.234.6005 Monday – Friday from 9 AM to 6 PM EST. We also offer live chat and 24/7 email support at support@ExpressTruckTax.com.
