Category: Late HVUT payment

It’s Not Too Late To File Form 2290 For 2022-23 If You Missed The August 31st Deadline

Posted on September 9, 2022 by - 2290 Late Filing Penalties, Filing 2290 late, Late 2290, late fees, Late HVUT fees, Late HVUT payment

The Form 2290 deadline is officially over as of September 1st. To everyone who filed Form 2290 with us for the 2022-23 tax year, we would like to thank you for choosing ExpressTruckTax for all of your Form 2290 filing needs. For those who have not yet filed, it is not too late. The deadline may have passed but it is never too late to file Form 2290. 

What is Form 2290?

Form 2290 is an IRS tax form that needs to be filed by drivers of vehicles weighing 55,000 pounds or more for the Heavy Vehicle Use Tax (HVUT). 

When is Form 2290 Due?

The deadline to File Form 2290 for the 2022-23 tax year was August 31st but don’t worry, you can still file Form 2290. Form 2290 is now past due and while there will be fines for filing late, the fines will only keep increasing if you keep waiting to file. 

What are the penalties for filing late?

If you do need to file Form 2290 late, you will be charged late fines. The fine for not filing Form 2290 altogether is actually greater than the fine for not paying the tax. This is why it is important to file Form 2290 as soon as possible and pay the Heavy Vehicle Use Tax as soon as you have the means to do so. 

For every month the deadline is missed and Form 2290 is not filed, there will be a fine of 4.5% of the total tax due added for up to five months. If you underpay for the Heavy Vehicle Use Tax, there will be an automatic penalty of 0.5% of the tax due. Additional interest charges of 0.54% accrue each month that Form 2290 is not filed. This is why it is important to not only file Form 2290 but pay the Heavy Vehicle Use Tax as well. 

Why File with ExpressTruckTax?

Filing with ExpressTruckTax is an easy process that can be completed in just a few minutes. Even if you missed the deadline, you can file at any time with ExpressTruckTax. Simply enter in your business information, vehicle information, and payment information. You can even pay your Heavy Vehicle Use Tax directly through ExpressTruckTax alongside your filing fee. Need time to pay your Heavy Vehicle Use Tax? You can choose a check or money order or to pay through a third-party payment processor to pay the Heavy Vehicle Use Tax at your convenience. No matter which method you choose to pay the Heavy Vehicle Use Tax, ExpressTruckTax makes it easy. What are you waiting for? File with ExpressTruckTax today for a fast and easy Form 2290 filing experience!

Forget to File Form 2290? You’re Going to Face Penalties!

Posted on August 16, 2017 by - 2290, 2290 failure to file fees, 2290 penalties, 2290 Schedule 1, 2290 stamped Schedule 1, e-file 2290, E-file HVUT, Filing 2290 late, HVUT, Late 2290, Late HVUT fees, Late HVUT payment, phone file 2290

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.

penalties for filing HUVT Form 2290 late

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.