Tag: Form 2290 2022-23 deadline

Today is the August 31st, 2023 Form 2290 Deadline, File Today

Posted on August 31, 2023 by - 2290 deadline, 2290 filing deadline, Form 2290 deadline today, HVUT Filing deadline today

Today is August 31st, 2023, the last day to File Form 2290 and pay the Heavy Vehicle Use Tax to the IRS. Are you a driver of a vehicle weighing 55,000 pounds or more? Then you need to be aware of this important deadline! 

Form 2290 is an IRS tax form that must be filed annually for the upcoming tax year. By filing now you are paying your tax in advance and do not have to worry about paying it again until next year. The Form 2290 tax year goes from July 1st to June 30th of the following year. This is important to know because a vehicle’s Stamped Schedule 1 expires on June 30th. 

A Stamped Schedule 1 is important because it is used to get a vehicle’s tags and registration and can only be obtained by filing Form 2290. If a vehicle is found without a current Stamp Schedule 1, this can lead to being pulled over and penalized. If you do not pay the tax or file Form 2290 at all before August 31st, fines will occur. 

If Form 2290 is filed late or the tax is not paid, you will be charged late fines, and the fine for not filing Form 2290 is actually greater than the fine for not paying the tax. 

For every month the deadline is missed there will be a fine of 4.5% of the total tax due for up to five months. If there is underpayment for the Heavy Vehicle Use Tax, there will be a 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. 

This is why it is important for you not to miss this deadline. Lucky for you ExpressTruckTax has your back. ExpressTruckTax is the market-leading Form 2290, e-file provider that provides simple Form 2290 filing that can be completed in minutes! Simply enter your business information including your Employer Identification Number (EIN), vehicle information including your Vehicle Identification Number (VIN), and your payment information.

ExpressTruckTax now offers the option to pay your Heavy Vehicle Use Tax alongside your filing fee directly through ExpressTruckTax using a credit or debit card. Now you don’t have to worry about going to an external site to pay your HVUT. What are you waiting for? File Form 2290 with ExpressTruckTax so that you don’t miss today’s big deadline!

File Form 2290 Today August 31st to Avoid Penalties from the IRS!

Posted on August 31, 2022 by - 2290 penalties, Avoid IRS penalties, Form 2290 deadline today, HVUT Filing deadline today

The Form 2290 deadline is officially here. Have you filed your Form 2290 yet? If not, there are some important things you must know.

What is Form 2290?

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

Why is Form 2290 Important?

By filing Form 2290 to the IRS you will receive a Stamped Schedule 1. This is used to get the tags and registration for your vehicle. 

When is Form 2290 Due?

When filing Form 2290 it is important to know that the Form 2290 tax year goes from July 1st to June 30th of the following year. A vehicle’s Stamped Schedule 1 expires on June 30th, so as of July 1st drivers no longer have a current Stamped Schedule 1. It is important to File Form 2290 for July as the beginning of the upcoming tax year and you have until August 31st to pay the HVUT to the IRS. If you fail to file Form 2290 and/or pay the HVUT by August 31st you are considered late. 

What happens if you Fail to File Form 2290 or Pay the HVUT?

If Form 2290 is filed late or the tax is not paid by the August 31st deadline, drivers will be charged late fines, and the fine for not filing Form 2290 actually comes out to be greater than the fine for not paying the HVUT. 

For every month the Form 2290 due date is missed there will be a fine of 4.5% of the total tax due for up to five months. If there is underpayment for the Heavy Vehicle Use Tax, there will be a penalty of 0.5% of the tax due. Additional interest charges of 0.54% will be added 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 E-File with ExpressTruckTax?

Why risk being penalized for either forgetting to file Form 2290 or pay the HVUT when you can file with an easy-to-use Form 2290 e-file provider like ExpressTruckTax. With ExpressTruckTax simply enter your business information, vehicle information, and payment information. To make sure you get your Form 2290 filed and your HVUT paid at the same time, ExpressTruckTax now offers an option where you can pay both your HVUT and your filing fee at the same time. This way you will not risk being late with either.

Today is the last day to file, the August 31st, 2022 deadline. What are you waiting for? File with ExpressTruckTax today and avoid getting fined or penalized!

The Form 2290 Deadline is Only a Few Days Away, File Now!

Posted on August 29, 2022 by - 2290 deadline, 2290 filing deadline, August 31st Deadline

Truckers, you only have a few days left to file Form 2290 for the Heavy Vehicle Use Tax (HVUT) to the IRS without being penalized! Because of this, there are only a few days left to file before you are fined or penalized for not having a current Stamped Schedule 1, which you receive upon filing Form 2290. 

If you are a driver of a vehicle weighing 55,000 pounds or more, you need to be aware of this August 31st deadline. This is because if you are late you will not be able to get the tags or registration for your vehicle without a current copy of the Stamped Schedule 1. The Stamped Schedule 1 also acts as proof of filing Form 2290. If you are found without a current Stamped Schedule 1, that is when penalties and fines will occur. You can also get a ticket for not being able to provide a current Stamped Schedule 1 on top of getting fined. One way to avoid this is by Filing Form 2290 before the August 31st deadline. 

In order to make sure you file on time and don’t miss the deadline, ExpressTruckTax the market-leading Form 2290 e-filer, has the solution you need to file Form 2290. By filing with ExpressTruckTax, you don’t have to worry about missing the deadline and getting fined by the IRS for being late with the tax payment. ExpressTruckTax guarantees you will receive your Stamped Schedule 1 within minutes of filing.

You simply create an account with ExpressTruckTax and enter your business information, your Employer Identification Number (EIN), your vehicle information including the vehicle’s Vehicle Information Number (VIN), if you are claiming any credit vehicles, and then your payment information. 

ExpressTruckTax offers a new payment feature that makes ExpressTruckTax even more convenient for filers because Form 2290 can be filed and the tax can be paid at the same time via credit or debit card. Before this option was available, you would have to go through an external payment processing site to pay your taxes. Not only would you have to re-enter all of your information again, but you would also risk forgetting to pay the HVUT, resulting in late fines. Now paying and filing are available in one convenient place! Now you don’t have to worry about being late with your tax payments and get it all done at the same time.

Are you tired of being late with your tax payments and racking up fines? You don’t have to worry about that anymore with ExpressTruckTax! What are you waiting for? File Form 2290 with ExpressTruckTax today and stop worrying about being late to pay your HVUT taxes!