E-File HVUT Form 2290 on Time to Avoid Penalty

Filing your Heavy Highway Vehicle Use Tax (HVUT) Form 2290 online before the IRS due date of 31st August is critical to stay compliant & avoid penalty and continue your operations. Receiving a penalty notice from the IRS is depressing as it adds to the taxes that you already owe and Taxseer2290 suggests filers to not wait till the end of August and file form 2290 on time and receive your IRS stamped proof of payment (Schedule 1) within minutes.

What is the due date for form 2290 filing?

IRS Form 2290 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 IRS imposes penalties that will be over the taxes that you owe.

What happens if you fail to file & pay your form 2290?

If you fail to submit your Form 2290 filing or HVUT payment before the HVUT due date then IRS will send you a notice with the penalty. However, there is a possibility that your penalty may be waived by the IRS if you provide satisfactory reason for the delay. 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.

How does IRS calculate the penalty for the delay?

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. Penalties are handled directly by the IRS and it is calculated based on the following rules:

The normal penalty is 4.5% of the taxes due after the due date. There is a provision of additional interest of 0.54% per month on the total tax owed.

What is the effect of late filing on vehicle operation?

You can obtain or renew your vehicle tag by presenting the IRS stamped proof of payment (schedule 1) to the Department of Motor Vehicles (DMV). If you have not filed your IRS HVUT form 2290 and received the schedule 1 within the due date 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 with 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 IRS stamped 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.

 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 over payments), 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.

Top 10 mistakes to avoid during the IRS HVUT Form 2290 e-file

There is nothing worse than seeing the annual truck tax filing rejected by the IRS and then putting extra effort and money to refile. Avoid IRS HVUT Form 2290 filing mistakes this tax year when you file form 2290 online with Precise2290.com and receive your IRS stamped proof of payment (schedule 1) within 5 minutes of the order submission.

Form 2290 e-file tips to avoid mistakes

We’ve got some tips to make the e-filing process smooth & painless to avoid the agony of refilling your HVUT filing. Filing Form 2290 online before the IRS due date saves you money and get your vehicle on road timely, but mistakes could prevent you from meeting the Form 2290 Tax Year 2019 deadline.

The following sections would help users understand the intricacies of HVUT Form 2290 online filing and provide few tips to avoid any mistakes that could delay the e-filing process:

1. Mistype email address during sign up: Sign up is very quick & easy with Precise2290.com. Enter the first & last name, email address (for user id), and a password to open an account. Some users inadvertently type the incorrect email address and complete the sign up process. With the incorrect email address entered in the system, all emails related to the registration confirmation, invoice, Schedule 1, rejections & reminders are sent to the incorrect email address. Precise2290 provides the option to the users to correct the email address through the account.
2. Incorrect account type during sign up: Some users select the account type as “Tax Professional” instead of the “Only Me” option during the Sign up process. There are additional steps required to be performed by the Tax Professionals including entering the Paid Preparer Tax Identification Number (PTIN). The users who are not tax professional get stuck due to this selection as PTIN is a required field for Tax Professionals and they have to contact the Precise2290 administrator to change the account type.
3. Business Name & EIN mismatch: The Business Name and Employer Identification Number (EIN) should match with the IRS record stored in their file. In the event of a mismatch, the e-file is rejected and reasons are correctly displayed on the rejected filing. The users are notified about the rejections through emails containing steps to resubmit the rejected filing free of cost. Alternatively, the user can see the error message and the resubmission option on the Precise2290 dashboard screen. Verify the information from the EIN document sent by the IRS or call the IRS help-desk to verify your business information.
4. E-filing within 2 weeks of receiving a new EIN: For the new EIN, IRS suggest users to wait for at least 2 weeks before e-filing form 2290 as it takes around that many days to update the new EIN in the e-file system. Any submissions done before the 2 weeks period are generally rejected and the users are notified about this rule from IRS and asked to resubmit their order free of cost after the completion of 2 weeks and receive the IRS stamped Schedule 1.
5. Incorrect Tax Year: You can e-file form 2290 for the current & previous tax years as well as pre-file the form 2290 for the next tax year and so it is important to correctly choose the tax year to avoid the complications of undoing this mistake.
6. Incorrect First-Use Month: If you are paying the HVUT taxes for the vehicle for the whole year then select July as the first-use month. If the vehicle was bought any time in the tax year after July then the month the vehicle was put on the road will be the first use month. Precise2290 automatically calculate taxes for the vehicles based on the First-Use Month and the Gross Weight Category. It automatically prorates the taxes if the First-Use Month falls after July. If the user incorrectly enters the Begin Month then the incorrect taxes will be calculated during Form 2290 e-filing. Special efforts are required to correct this mistake and it should be avoided in the first place.
7. Incorrect VIN: Due to the complex format of the VIN, the users often make mistakes while entering the 17 characters and due to that the incorrect VIN is reported on the IRS stamped Schedule 1. File Form 2290 amendment (VIN Correction option) to correct it and get the updated Schedule 1 within 5 minutes.
8. Incorrect Gross Weight Category: Choosing the wrong vehicle gross weight category during form 2290 e-filing leads to incorrect tax calculation and this means incorrect filing. The user will be required to file for Form 2290 Amendment – Gross Weight Increase to fix this issue and this costs additional time and effort.
9. Incorrect filing type: If the vehicle is filed under suspended vehicle category even though the vehicle is driven more than 5000 miles (7500 miles for agricultural vehicle) in the tax year then the user has to file for Form 2290 Amendment – Mileage Increase to correct the form 2290 filing. Penalties can be imposed by the IRS on the truck operator for misreporting the filing type.
10. Incorrect Bank Account#: If youselect the Electronic Funds Withdrawal (EFW) option to make the IRS tax payment and enter the incorrect bank account# then the IRS payment system will fail to debit the tax amount from the bank account. This leads to a notice from the IRS with the HVUT penalty and Precise2290 suggest users to be extra cautious while entering the bank account# as there is no way we can validate the bank account before submitting to the IRS e-file system.

These aforementioned issues can be easily avoided by carefully reading the instructions shown on the Precise2290 online screens to prevent any delay in form 2290 e-filing and receiving the IRS stamped Schedule 1 within 5 minutes of the order submission. Precise2290 is committed to provide a good user experience during IRS Form 2290 e-filing and suggest users to use the FAQ provided on the www.Precise2290.com website or contact our chat support in case of any confusion.

About Precise2290

Precise2290 is a leading IRS-authorized e-file service provider offering you the best cloud-based solutions to perform online filings of Form 2290, Form 2290 Amendments, and Form 8849 (Other Claims). As part of our commitment to make e-filing quick & easy, we are always available and you can contact us over the phone at 240.308.5907. You can also reach us via live chat or email us at support@precise2290.com.