Are you an owner of a trucking industry? Did you file Form 2290 for the tax period 2021-22? If your answer is “No”, then hurry up. There is only one month left over to file HVUT Form 2290 with the IRS.
Getting confused? Don’t worry! We will let you know when are 2290 returns are due to the IRS by providing a due date chart based on FUM. We also provide you details about the information required to file tax returns. You will also get to know hot file tax returns and get the schedule 1 copy in minutes.
When is Form 2290 Due for 2021?
According to the IRS rules and regulations, the truckers who operate heavy vehicles on public highways must file Form 2290 within the deadlines. However, the 2290 truck tax year begins from July 1st, 2021, and ends by June 30th, 2022. The taxes are due to the IRS on two kinds. They are discussed below:
The truckers who operate business or trade using already existing vehicles must file HVUT 2290 annually by “August 31st”.
The truck driver who purchases heavy vehicles in the middle of the tax period must file 2290 returns by the last date of the following month of purchase. For example, smith purchased a heavy vehicle in the month of July 2021. Smith must file 2290 Form and pay road taxes by “August 31st, 2021” for the tax period 2021-22.
HVUT Form 2290 Due Date Chart for 2021-22
As per the IRS norms, the deadline to file 2290 Tax Form with the IRS for newly purchased vehicles is different. Given below are Form 2290 due dates based on the First Use Month of the vehicle:
|First Use Month of the vehicle
|Form 2290 Deadline for 2021-22
|August 31st, 2021
|September 30th, 2021
|November 1st, 2021
|November 30th, 2021
|December 31st, 2021
|January 31st, 2022
|February 28th, 2022
|March 31st, 2022
|May 2nd, 2022
|June 30th, 2022
|August 1st, 2022
What you need to report 2290 Tax Form with the IRS?
The information you need in order to report 2290 Form with the IRS are discussed below:
|EIN, business name, and address are mandatory to file Form 2290.
|FUM, VIN, and gross weight of the vehicle are required to report the HVUT paid to the IRS.
|Choose the secure payment methods from EFW, EFTPS, check or money order, credit/debit card to make the payments
|Ensure to provide business details that match with the EIN provided.
|Make sure that the vehicle information provided is correct.
|Enter existing bank account details and RTN for paying excise taxes using EFW.
|Make sure to select the type of business you are operating.
|Because HVUT is calculated based on FUM and gross weight of the vehicle.
|Schedule the payment before 2 days of the deadline to use EFTPS.
|File Form 2290 new EIN after 15 days of receiving it.
|VIN is used to identify the vehicle when sold/stolen/destroyed.
|Mail the 2290-V along with the payment when using the check or money order option.
|Be sure that the key in detail is valid otherwise you may be subject to penalties.
|Provide the tax year you are filing 2290 returns and paying road taxes.
|Select the card type and pay through the credit/debit method.
How to file Form 2290 and get a Schedule 1 copy before the deadline?
As per the IRS norms, truck drivers who choose e-filing Form 2290s can get the schedule 1 copy in minutes. So, the IRS suggests every filer file 2290s online for a single return. Hence, your returns can be processed to the IRS quickly and help in avoiding penalties and interests. Follow the below steps to file 2290 Tax Forms and receive schedule 1 instantly:
- Sign up/log in with an IRS-certified e-file provider like Form 2290 Filing.
- Enter the business details. Already existing users can select the business to file Form 2290.
- Choose the HVUT payment method.
- Review the information provided and transmit it to the IRS.
- Finally, you will schedule 1 copy in minutes if the IRS accepts your return.
What happens if you miss IRS 2290 Form deadline?
If you missed 2290 due date, the IRS will impose penalties. Additionally, if you fail to pay road taxes on time, interests are also charged monthly for up to 5 months. Given below are the most common reasons why the IRS imposes 2290 HVUT penalties:
- Failing to file tax returns or pay road taxes within the deadline.
- Filing false or fraudulent returns with the IRS.
Avoid the above reasons when filing 2290 truck tax returns for successful Form 2290 Filing.
Form 2290 Filing is an IRS authorized e-file provider. Choose us to get your IRS E-file watermarked 2290 schedule 1 copy in minutes. Complete your Form 2290 filing in less than 5 minutes with the help of our US-based customer support team. We offer files conveniently from any device option that helps the trucker to file from their doorstep or driver seat.