- August 28, 2017
Every trucker, driver or owner of the trucking industry files the Heavy Vehicle Use Tax (HVUT) annually by 31st August if they own a heavy-weight vehicle with a gross weight of 55,000 or more and use the public highway for transportation. The filed tax amount is used for the maintenance of those highways.
The current tax period for the IRS 2290 Form starts on 1st July 2017 and ends on 30th June 2018. The 2290 truck tax should also be done when the vehicle is first placed in service. Form 2290 due date will be the last day of the following month. For instance, when a vehicle started its service in October, then the HVUT form is due on 30th November.
2290 Truck Tax can be electronically prepared and reported to the IRS using Tax2efile.
Due Dates for 2017-2018 to E-file Form 2290
|
When the vehicle is first used during |
File Form 2290 and make payment by |
|
July 2017 |
August 31, 2017 |
|
August 2017 |
September 30, 2017 |
|
September 2017 |
October 31, 2017 |
|
October 2017 |
November 30, 2017 |
|
November 2017 |
January 3, 2018 |
|
December 2017 |
January 31, 2018 |
|
January 2018 |
February 28, 2018 |
|
February 2018 |
March 31, 2018 |
|
March 2018 |
May 1, 2018 |
|
April 2018 |
May 31, 2018 |
|
May 2018 |
June 30, 2018 |
|
June 2018 |
July 31, 2018 |
IRS Form Penalties – HVUT Penalties
When you fail or are late to pay the tax return to the IRS, then it may impose a penalty on it. The IRS can impose penalties for various reasons related to filing Heavy Vehicle Use Tax Form 2290. The most important reasons that attract IRS penalties are late filing or failing to file the return. IRS penalties are also assessed when the filing is found false or fraudulent. In addition to the penalties, the IRS also charges interest on late tax payments.
When you can show a reasonable cause for late filing or failed filing HVUT penalties will not be imposed. When you file Form 2290 after the due date, then you must attach an explanation along with the tax return.
|
No |
Reason |
IRS Penalties & Interests |
|
1 |
When the tax filer fails to pay the Heavy Vehicle Use Tax (HVUT) by the deadline |
The penalty is 4.5% of the total HVUT tax, which is due, monthly for up to 5 months. |
|
2 |
If the tax filer does not file the tax on time and fails to pay the tax due. |
1) An additional monthly penalty of 0.5% of the total tax due. 2) Additional interest charges of 0.54% per month accrue as well. |
If the due date comes on weekends (Saturday, Sunday) or another national holiday then the Form 2290 can be filed by the next business day.
It is always better to avoid those penalties and file Form 2290 before the due date of August 31. Start filing your HVUT Form 2290 through Tax2efile. Call us at 703-229-0326 or Email us at support@tax2efile.com to file your 2290 Form and report to the IRS for further queries
