Missed the Form 2290 Deadline? Here's How to Get Back on Track

The deadline for filing Form 2290 operates quiet during this busy time for hauliers, and people miss their filing deadlines. Do not panic; however, act fast if you have missed the deadline for paying your Heavy Highway Vehicle Use Tax ("HVUT"). And if you did miss the deadline, better news is: it is never too late to file, and the sooner you do, the less you will have to pay in penalties.

Understanding the Consequences

The IRS has penalties for late filing and late payment. Thus, these penalties can grow rapidly. The penalty for late filing is 4.5% of the total tax due for every month the return is late, or part thereof, up to a maximum of 25 percent. To that, there will be a late payment penalty of 0.5% per month, besides interest. Without a stamped IRS Schedule 1, a state DMV will not renew your vehicle registration. Your truck isn't legal, and you risk fines and business interruption for it.

Your Action Plan- the E-File Solution

The easiest way for a late Form 2290 filers is through an IRS authorized e-file provider like us. Here are the reasons:

• Processing at the Speed of Light: E-filing delivers your return to the IRS within minutes instead of weeks of paper filing. Thus, your penalty period is minimized and you will receive your stamped Schedule 1 in the shortest time possible.
• Penalty Calculation: Our platform automatically calculates the Form 2290 late filing penalties and interest you owe, so there are no surprises. You will know the exact amount you need to pay.
• Safe and Accurate: E-filing reduces the chances of mistakes. Our system checks your information for its accuracy, thus preventing rejections by the IRS and saving you big time further delays.
• Proof of Payment: You get your IRS-stamped Schedule 1 through email, once your return is accepted, within a few minutes. This is proof of payment that HVUT requires for state vehicle registration.

Never let a missed deadline destroy your business. This is a service by e-file that allows you to quickly file your heavy vehicle use tax return that is overdue and get back on the road with peace of mind. That means the longer you wait, the more penalties accrue. Act today to put your truck tax liability behind you and avoid accruing any further consequences.