Tag: Form 2290

This Is What Actually Happens If You Don’t File IRS 2290

Posted on February 6, 2020 by - 2290 deadline, Hvut 2290, irs 2290, IRS form 2290

The IRS Form 2290 deadline is creeping up.

Don’t end up blindsided. Filing IRS 2290 for 2020 by the 2290 deadline is critical, not only to stay compliant but also to remain in operation and avoid fines.

Still not convinced? Don’t wait around until the end of August to find out for yourself, we’ll tell you what will happen right now. Here’s a rundown of what exactly what happens when you miss the IRS 2290 deadline:  

What Happens If You Forget About IRS 2290?

IRS 2290 Deadline

Normally, the annual IRS 2290 deadline is August 31st.

We’re off to a good start. You’ve got a couple more days to file than normal.   But you’re busy. What if you still can’t find the time or motivation?  

IRS 2290 Penalties

Here’s some motivation:

If you miss the IRS 2290 deadline, you’ll face penalties. Let’s say you simply forget to file.

First, you’ll need to pay the IRS 2290 late filing penalty, which is 4.5% of the total HVUT 2290 tax amount you owe.

Then, you’ll face an additional .54% of interest each month that passes without you filing.

On top of that, you’ll still have to pay the original HVUT 2290 amount you owe whenever you do file.

If the reason for late filing was an error on your original IRS 2290 return, you may be able to avoid penalties altogether. You can attach an explanation to your corrected IRS 2290 for 2020 filing, showing reasonable cause for the delay.

Even this, however, does not guarantee that the IRS will accept your statement and save you from the penalty.   

Avoiding Form 2290 Penalties

There’s an easy fix for avoiding IRS Form 2290 penalties: File HVUT 2290 before the 2290 due date!  

The Form 2290 deadline is usually August 31.

You really have no excuse not to file on time. Especially with ExpressTruckTax as an option.

ExpressTruckTax allows you to file IRS 2290 for 2020 online quickly and easily.   

Plus, you’ll get your Schedule 1 just minutes after you’ve submitted your return. It doesn’t take long, and you can file from anywhere. Knock it out today and forget about the IRS 2290 due date until next year.

File your IRS 2290 today!

How To File Your Form 2290 With ExpressTruckTax

Posted on January 22, 2020 by - 2290 tax form

Filing the IRS Form 2290 is a necessity for every trucker.

Otherwise known as the Heavy Vehicle Use Tax (HVUT), truckers must file it every year.

The quickest way to e-file your Form 2290 and receive your stamped Schedule 1 is to use ExpressTruckTax.

The whole process takes only a few minutes and in this blog we’ll walk you through every single step.

How to file your 2290

1. Go to https://secure.expresstrucktax.com/User/Register. Create an account.

ExpressTruckTax for e-filing Form 2290 HVUT.

2. You will see the ExpressTruckTax welcome screen. Feel free to watch the video. Click “Begin”.

ExpressTruckTax for e-filing Form 2290 HVUT.

3. Enter all necessary business information indicated by red asterisks. If you work for a company that has asked you to provide a 2290, do not use their information. Use your own information. This information will be used to automatically fill out your Form 2290 when it is transmitted to the IRS. Click “Continue” when you are finished.

ExpressTruckTax for e-filing Form 2290 HVUT.

4. You will be taken to the Dashboard. Click “Start New Return”.

ExpressTruckTax for e-filing Form 2290 HVUT.

5. In this example, we will file for just 1 truck. But you can file for multiple trucks. Click “E-File For 1 Truck”.

ExpressTruckTax for e-filing Form 2290 HVUT.

6. Enter all necessary truck information indicated by red asterisks.

ExpressTruckTax for e-filing Form 2290 HVUT.

7. Scroll down. You will see your Tax Due. Select your payment method. We highly recommend using the Electronic Funds Withdrawal (EFW) option, this option lets you include your bank account and routing number on your return, that information is provided with your return directly to the IRS, they will then debit your account the taxes due up to 2 business days later. With the other options, there are additional steps. You must follow up with the IRS to pay the taxes due.

ExpressTruckTax for e-filing Form 2290 HVUT.

8. Scroll down. If you wish to have a third-party tax service handle any of your tax information, give them permission here. Click “Next”.

ExpressTruckTax for e-filing Form 2290 HVUT.

9. ExpressTruckTax will check for any errors in your return. Check all your information one last time. Click “Next”.

ExpressTruckTax for e-filing Form 2290 HVUT.

10. We recommend getting a Schedule 1 copy for your truck cab and also getting a text notification or fax when the IRS approves your Schedule 1. Click “Next”.

ExpressTruckTax for e-filing Form 2290 HVUT.

11. On this page, you will pay ExpressTruckTax. Enter all credit card information and click “Process”.

ExpressTruckTax for e-filing Form 2290 HVUT.

12. Scroll down. Enter a 5 digit pin to verify that you are a real customer with the system. Click “Transmit this Return to the IRS”.

ExpressTruckTax for e-filing Form 2290 HVUT.

13. You’re all set! If you selected a tax due payment option other than EFW, be sure to make your payment.

File your Form 2290 today!

If this seems complicated, talk to our friends over at Truck Services of North America! They will fill out your Form 2290 for you and deal with the IRS on your behalf! Plus, their service fee is tax-deductible!