Form 2290 HVUT Penalties

Form 2290 Late Payment or Late Filing Penalties
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Form 2290 Late Payment or Late Filing Penalties

Updated on May 18, 2020 - 10:30 AM by Admin, ExpressTruckTax

If you fail to file or submit your HVUT payment by the deadline you will be forced to face severe IRS penalties. Penalties may also apply for incorrect information on 2290 filing. You will also face an additional interest charge on late payments.

1.What is IRS Form 2290 HVUT Penalties?

IRS imposes HVUT penalties for failing to file Form 2290 or pay taxes on or before the due date. There are also penalties for filing false or fraudulent returns. Interest is also charged on late payment along with the penalties. The penalty for filing a return late or paying the tax late will not be imposed if you can show reasonable cause for not filing and paying on time. If the filing is done after the due date (including extensions), you need to attach a reasonable cause along with your filing.

2.What is the 2290 HVUT Penalty Rates?

When you fail to pay the Heavy Vehicle Used Tax (HVUT) by the deadline.

  • The penalty for failing to file your IRS Form 2290 by the deadline is equal to 4.5% of the total tax amount due, and the penalty will increase monthly for up to five months.

If you not file the tax on time and fails to pay the tax due.

  • The penalty for failing to pay your Heavy Highway Use Tax payment is 0.5% of your total tax amount.
  • You will also face an additional interest charge of .54% per month.

Based on these rates, an HVUT payment initially $550 would increase to over $700 by the end of the five months of delinquency.

3.What is Penalty Relief?

If you can show reasonable cause for failing to file or pay taxes on time, you can request penalty relief by sending a letter to IRS explaining the reason.

Do not attach this explanation when you file your return.

In addition to these federal penalties, many states suspend the registration of vehicles for which proof of HVUT payment has not been provided. Penalties for HVUT non-compliance for states are even more costly.

4.Form 2290 Extension

To request an extension for Form 2290, you must request an extension directly to the IRS. You are required to write a letter and send to:

Mailing Address

Department of the Treasury

Internal Revenue Service,
Cincinnati, OH 45999-0031

In your letter, you must fully explain the cause of the delay. Except for taxpayers abroad, the extension may be for no more than six months. If you want an extension of time to pay, you must request that separately.

You can request an extension of time to file Form 2290; however, this will not extend the deadline for submitting your tax payment. If you need an extension of time to pay, you must request that separately.

5.What Happens If I Do Not File Form 2290?

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Frequently Asked Questions

  • Is there any penalty for late filing?
  • I have transmitted my return by 11:30 PM PST. Will I face a penalty if the IRS accepts my return after midnight?

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