When is the Due Date for IRS Form 2290?
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Last modified 1/20/2021 3:10:07 AM EST
The IRS Form 2290 must be filed every year and is due by August 31st. The tax period for paying HVUT taxes begins on July 1st of the current tax year and ends on June 30th of your next tax year. If your vehicles' gross weight is 55,000 pounds or more, file Form 2290 by the end of the month following the month the vehicle was first used on public highways.
For example, if you use your vehicle for the first time during the tax year in November, your Form 2290 will be due on 31 December. You must file your Form 2290 and pay the required HVUT taxes on time to avoid penalties and interest.
The IRS recommends truckers e-file their Form 2290 return as it is easier and faster. If you e-file your Form 2290 with us, you will receive your Stamped Schedule 1 in minutes. If you choose to paper file your Form 2290, it might take up to a week for you to receive your Stamped Schedule 1.
Penalty for late filing Form 2290
The penalty for late filing your IRS Form 2290 is equal to 4.5% of the total tax amount due, and the penalty will increase monthly for up to five months.
If you fail to pay the tax due, another 0.5% of your total tax amount will be imposed. You will also face an additional interest charge of .54% per month.