ExpressIFTA Blog

Wednesday, May 23, 2018

How to File Your IRS Heavy Vehicle Use Tax

The Heavy Vehicle Use Tax season is coming right at us at full speed! You can try to jump out of the way, but you’ll still need to file your IRS Form 2290. Don’t let the deadline run you over. Be prepared and file now and avoid having your form rejected. Here is how to file your IRS Heavy Vehicle Use Tax.

How to File Your IRS Heavy Vehicle Use Tax

Like any other tax, if you don’t pay or file your Heavy Vehicle Use Tax Form 2290 by the deadline, you will face fees and penalties imposed by the IRS. However, you don't have to pay your taxes when you file today. Just be sure to file before the IRS Form 2290 deadline on September 3rd.

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 will face .05% of the total amount you owe and 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 September 3rd deadline. However, most states are a little lenient towards first-time offenders.

More 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 14-days to become active. During the 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 will know sooner if you have made a mistake that you need to correct your form.

Our sister product ExpressTruckTax will let you know if your form is rejected and explain why. You can then make the required corrections and refile for free.

How to File in Advance?

Filing in advance is incredibly easy. Go to ExpressTruckTax 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. They will also calculate the amount of Heavy Vehicle Use Tax you owe.

Or you can call TSNAmerica at 804-286-0320 to file over the phone. Their dedicated team of experts will take your information and file for you. Once your Form 2290 is transmitted to the IRS, they will send you a notification, and when approved you will immediately get a copy of your stamped Schedule 1.

It should be remembered that no matter what route you take you don’t have to pay your taxes until the September 3rd deadline.

Here to Help

If you have any questions regarding how to file your IRS Heavy Vehicle Use Tax, don’t hesitate to contact our dedicated ExpressTruckTax or TSNAmerica support team. They are available Monday - Friday from 8:30 to 6 PM EST at 704-234-6005.

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