Do You want to File HVUT 2290 after the Due Date? Hurry up! File Form 2290 as early as possible & avoid heavy and hefty penalties. Because the penalty amount depends on the day you file the 2290 truck tax form after the deadline.
We know tax season is stressful & confusing. When it comes to penalties, you need to pay extra dollars rather than how much you owe to the IRS. Thus, file 2290 HVUT return within the 2290 deadline & avoid paying an extra amount.
Table of Contents
- What is the deadline to File your 2290 HVUT?
- What if I File my 2290 Form late?
- Late Filing HVUT 2290 penalties
- When will the IRS waive off 2290 HVUT penalties?
- How to get your 2290 penalty waived off?
What is the deadline to File your Heavy Vehicle Use Tax?
According to the IRS norms, IRS Form 2290 due annually by “August 31st”. This means the truckers who operate businesses using heavy vehicles every tax year must file 2290 by “August 31st”. Besides, the 2290 truck tax season begins on “July 1st” of the current year & ends by ” June 30th” of the following year.
Form 2290 deadline is different for the businesses/truckers who purchase vehicles in the middle of the reporting period. For newly purchased vehicles, File IRS Form 2290 by the last date of the following month of purchase. The month of purchase is the month in which the vehicles first drove on public highways within the United States.
What if I File my 2290 Form late?
According to the IRS, the truckers who miss filing Form 2290 return within the deadline are subjected to Hvut penalties. When coming to tax returns, penalties will be heavy & hefty. Besides, those who will File HVUT after the Due Date may have chances of delay in receiving schedule 1 proof. Without HVUT payment proof, truckers can’t operate the business on US public roads. Moreover, they may go to prison or the vehicle will be suspended from on-highway transportation.
Late Filing HVUT 2290 penalties
As we know, the IRS imposes HVUT penalties for:
- Late filing Form 2290
- Failing to pay road taxes on or before the due date
- Filing false or fraudulent Form 2290
Here are 2290 HVUT Penalty rates:
- Failure to pay HVUT by the deadline – 4.5% of the total tax amount.
- Not filing 2290 on time & fail to pay HVUT – 0.5% on the total tax amount. Additional interest of 0.54% charged per month
Please make sure that the penalty amount will increase monthly for up to five months.
When will the IRS waive off Heavy Vehicle Use Tax penalties?
Given below the possibilities for the IRS to waive off 2290 Road Tax for:
- First-time filers who missed filing the 2290 HVUT return before the Form 2290 deadline there is a high chance to waive off the penalty. They just have to contact the IRS via a toll-free number.
- Those who have already filed Form 2290 within the deadline for at least 3 years & this is the first time to miss the deadline, then the IRS might waive off the penalty.
How to get your 2290 penalty waived off?
Generally, 2290 HVUT penalties will not be imposed if you show a reasonable cause. You can request the IRS to waive off the penalties even if you miss Form 2290 Due Date for the second time. For that, you have to provide a valid reason along with an explanation for late filing Form 2290. A few of the reasons discussed below:
- Death or severe illness of any of your family members.
- Unable to obtain any records.
- Delay in check or money order reaching the IRS.
- Accidents or any natural disasters.
Also, you can choose any one of the above reasons. Ensure that the reason you have chosen is valid because you need to provide proof along with the explanation letter.
Want to waive off Form 2290 penalties? Pre-File Form 2290 within the 2290 due date & avoid penalties charged along with interest. Truck2290 is a leading e-file provider & trusted by millions of users in the most recent years. Therefore, Signup for free & start filing truck 2290 Form for multiple VINs with a single e-file account.
What is a reasonable cause for late filing?
A reasonable cause for late filing could be something like a natural disaster, a death in the family, or a medical emergency. You will need to provide documentation to support your claim of reasonable cause.
How do I request a waiver of penalties?
You can request a waiver of penalties by filing Form 843, Claim for Refund and Request for Abatement. You can find Form 843 on the IRS website.
How can I file Form 2290 after the due date?
You can file Form 2290 after the due date by mail, fax, or online. You can find the instructions for filing Form 2290 after the due date on the IRS website.
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