Heavy Highway Vehicle Use Tax (HVUT) filing starts from 1st
July and the deadline to file taxes for the full tax year without penalty is 31st
August. If the filing gets rejected then it is the responsibility of the filer
to correct and resubmit it and get the Schedule 1 before the deadline. If your
Form 2290 filing or payment is late then you will have to face penalties that
will be over the taxes that you owe.
If you failed to submit your Form 2290 filing or HVUT payment before the deadline then IRS will
send you a notice with the penalty. However, if you can provide satisfactory
reasons for the delay then IRS may waive the penalty or reduce it. Please make
sure to provide your explanation for the delay during filing. It is up to the
IRS to accept or reject the reason and decide on the penalty. There are
penalties for making false or fraudulent returns too specially related to the
gross weight category and mileage.
Penalty calculation
Taxseer2290 system is not authorized by IRS to calculate the
Penalties and the filers can normally file the form 2290 through us even after
the deadline. IRS calculates the penalties after going through the explanation
of the reason for delay and the following rules to calculate the HVUT penalty
are employed:
The normal penalty is 4.5% of the taxes due after the due
date. Thereafter, the penalty accrues each month at the rate of 0.5% of the
total tax due up to 5 months. There is a provision of additional interest of
0.54% per month on the total tax owed.
Effect of late filing
on vehicle operation
Your vehicle tags are only renewed by the DMV after you
present them the IRS stamped schedule 1 (The proof of the HVUT payment). If you
have not filed form 2290 and received the schedule 1 within the deadline then
you are operating your vehicle illegally and this has other repercussions
including suspension of your vehicle registration.
E-file HVUT Form 2290
with Taxseer2290
You just have to sign up at www.taxseer2290.com and select the Start
Filing option. The e-file wizard will guide you step by step to complete and
submit the error-free filing. The Schedule 1 is emailed to the registered email
address and this can be printed and presented to the DMV to get the vehicle tag
renewed. The 10 step e-filing process is listed below:
·
Step1: Add the business information
·
Step 2:
Select the form type (HVUT Form 2290) from the list
·
Step 3:
Select the begin month of the vehicle for filing. If filing for the whole tax
year then select July as the begin month.
·
Step 4:
Enter the vehicle detail under taxable, suspended or credit vehicles option
·
Step 5:
Enter the IRS payment out of the 3 available options 1) Direct debit from
Checking/Saving account 2) EFTPS 3) Through Check/Money Order
·
Step 6:
Accept to the IRS Disclosure term
·
Step 7:
Designate third party information who can discuss this e-filing with the IRS
·
Step 8:
Review the filing information
·
Step 9:
Pay Taxseer2290 for the service charge and submit for e-filing
·
Step 10:
Taxseer2290 e-files and emails the IRS Stamped schedule 1 to the registered
email. Alternatively, the user can download the Schedule 1 and the completed
form 2290 from the Taxseer2290 online screen. Read More
About
Taxseer2290
Taxseer2290 is a leading
IRS-authorized e-file service provider offering you the best cloud-based
solutions to perform online filings of Form 2290, Form 8849 (Claim Credits for
overpayments), and the Form 2290 Amendments. As part of our commitment to make
e-filing easy and convenient, we are always available and you can contact us
over the phone at 240.780.6153. You can also reach us via live chat or email us
at support@taxseer2290.com.
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