Category: 2290 Late Filing Penalties

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 Marcela De Vivo - 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!

Guía Útil Para Evitar Penalidades del Formulario 2290

Posted on August 23, 2022 by Marcela De Vivo - 2290 Late Filing Penalties, 2290 penalties, 2290 penalty, Avoid IRS penalties, Form 2290 2022-23

¿Alguna vez lo han penalizado por atrasarse con su Formulario 2290 (hecho para vehículos que pesan 55,000 libras o más), sus pagos de impuestos sobre el uso de vehículos pesados, o lo atraparon sin un Anexo 1 sellado? Si esto no le ha sucedido a usted, aún es esencial asegurarse de que no suceda. En esta guía, encontrará información útil para evitar penalidades del IRS con respecto al Formulario 2290.

Conozca Su Primer Mes de Uso

Al hacer el Formulario 2290 es importante saber el Primer Mes de Uso (FUM en Inglés) de su vehículo. El FUM de un vehículo está determinado por el mes en que se puso en circulación por primera vez. Cuando se presenta el Formulario 2290, se debe incluir el primer mes utilizado y tiene hasta el final de ese mes para presentar el Formulario 2290 ante el IRS. Sin embargo, tiene hasta el final del próximo mes para realizar el pago de impuestos. Por ejemplo, si su primer mes de uso es en Octubre, tiene hasta finales de Noviembre para realizar el pago de impuestos al IRS. Esto se aplica a los vehículos que han estado en la carretera por menos de un año.

Para los vehículos que han estado en circulación durante más de un año o que se pondrán en circulación por primera vez en julio, el primer mes usado del vehículo es julio y el pago de impuestos vence el 31 de agosto.

Declare Ahora Pague Después

El Anexo 1 sellado es importante porque le permite obtener las placas y el registro de un vehículo. Una vez que se presente el Formulario 2290, obtendrá un Anexo 1 sellado como prueba de presentación. Esto significa que puede evitar penalidades fácilmente haciendo el Formulario 2290 y si aún no tiene el dinero para pagar el impuesto, puede esperar hasta la fecha límite para declarar. De esta manera, si olvida pagar el impuesto antes de la fecha límite, aún tendrá un Anexo 1 sellado y, si lo multan, será mucho menos de lo que hubiera sido si no hubiera declarado nada.

Pague Cuando Presente

Otra opción que puede ayudarlo a evitar penalidades es pagar el impuesto HVUT al mismo tiempo que presenta su declaración. Haga su Formulario 2290 y pague su tarifa de presentación e impuestos para eliminarlos a la vez. De esta manera, no solo obtiene su Anexo 1 sellado, sino que también paga sus impuestos y no se olvidará de pagarlos más adelante.

Haga su Declaración con ExpressTruckTax

Al hacer su declaración con ExpressTruckTax, tiene la opción de hacerlo ahora o pagar cuando presente la declaración. Está diseñado para ser fácil de usar con muchas opciones convenientes que hacen que su experiencia de archivo sea muy fácil y sencilla. Asegúrese de mantenerse al tanto de cuándo es la fecha límite para presentar la solicitud. Cuando se registre y presente una declaración en ExpressTruckTax, nos aseguraremos de recordarle cuándo es el momento de presentarla para que no se le escape la fecha límite. La función formulario-listo también está disponible para los contribuyentes que regresan. Inicie su sesión y podrá usar toda la información que hizo en su último formulario para generar su Formulario 2290 y presentarlo rápidamente. ¿Qué estás esperando? ¡Aproveche estas increíbles funciones disponibles con ExpressTruckTax y hágalo hoy mismo antes de la fecha límite del 31 de Agosto!

Why Haven’t You Filed Your 2290?

Posted on June 7, 2017 by Marcela De Vivo - 2290, 2290 Late Filing Penalties, 2290 Mobile App, 2290 Online HVUT App, 2290 Schedule 1, e-file 2290, E-file HVUT, phone file 2290, pre-file 2290, stamped Schedule 1

Hit the Jake Brake! You haven’t filed your 2290 yet?! What a rookie move. Especially when you have a few different ways to go ahead and pre-file today offered by ExpressTruckTax and TSNAmerica. Don’t wait until the last minute and find yourself in a pickle. Instead, go ahead and pre-file to knock out your Heavy Vehicle Use Tax Form 2290 today.

Reasons to Pre-File 2290

Just like with all of your other taxes if you don’t pay for or file your Heavy Vehicle Use Tax Form 2290 by the deadline you will face fees and penalties imposed by the IRS. If you don’t file because you can’t pay the amount you owe, consider getting a credit card or small loan to cover it, because the longer you wait, the more you’ll owe.

For example, the initial penalty for filing late is 4.5% of the tax due, and this accrues on a monthly basis for up to five months. Also, if you don’t pay your tax due you’ll face an additional penalty of .05% of the total amount you owe with an interest charge of .54% per month. That can make the amount you owe quickly skyrocket.

Some authorities will revoke your license if they find out you failed to file before the deadline. However, most states are a little lenient towards first-time offenders.

You Want Time to Fix Mistakes and Prepare

Some people don’t realize that they need an EIN or Employer Identification Number to file. You can get one by applying online with the IRS, but it will take about 15 days to become active in the system. During that 15 days, your form could get rejected! If you wait too close to the deadline before getting your EIN then you’ll miss it!

Plus, what happens if your form gets rejected for a simple mistake like an incorrect VIN? By pre-filing, you’ll know sooner if you’ve made a mistake that you need to correct on your form. With an e-file provider like ExpressTruckTax, you’ll be notified as to why your form was rejected so you can quickly fix any errors and retransmit your form. They even make it easy to amend your form and offer free VIN corrections.

You Want Your Stamped Schedule 1 Sooner

The longer you wait to file, the busier the IRS gets. When the IRS gets backed up they’ll take longer to stamp your Schedule 1 and send it back to you. Plus, if you file the old conventional paper way, you’ll have to wait for it to come in the mail.

Speed things up by pre-filing. Your Form 2290 will be transmitted directly to the IRS when they begin accepting returns. Then the IRS will stamp your Schedule 1 and you’ll instantly receive a copy via email. You can also choose to receive a copy via text or fax to get your carrier and the DMV off your back.

How to Pre-File?

Pre-Filing is incredibly simple. Just go to ExpressTruckTax.com and follow their step-by-step guide to file in a matter of minutes. The guide tells you exactly what information to enter and where. ExpressTruckTax also calculates the amount of Heavy Vehicle Use Tax you owe for you.

You could also call TSNAmerica at 803.386.0320 to pre-file for you, over the phone. That’s right, we said pre-file for you. This is the fewer hands-on approach. It doesn’t matter which pre-filing option you choose, your information will still be transmitted to the IRS when they begin accepting returns, and you’ll get a copy of your stamped Schedule 1 almost immediately.