Are you filing 2290 Tax Forms and pay 2290 taxes online? Have you filed HVUT returns online previously? If your answer is “No”, then you need to follow the step-by-step guide to submit tax returns online. as per the IRS rules and regulations, even if you’re submitting a single tax return, you can choose e-filing.
Getting confused? Don’t worry! We will provide you steps and details to pay 2290 taxes online. You will also get to know what happens if you fail to file 2290 returns in a calendar year.
Choose an IRS authorized 2290 E-file provider
The first step to take before paying truck taxes online is to select an IRS authorized e-file provider. Most of them get confused when choosing an IRS authorized e-file provider. Before selecting an e-file provider, look at the below points:
- Check the reviews of the online provider website.
- Make sure whether it provides bank-level security.
- Be sure about the prices they charge to transmit your return to the IRS.
- Finally, check whether the e-file provider has an IRS-certified logo.
The authority of the site is important because the IRS provides authorization after conducting a number of screening tests to participate in the e-filing program. Furthermore, by checking the reviews you can understand the other filer’s response and their experience. Hence, to make your Form 2290 e-filing easy it’s better to check and find the best e-file provider.
Schedule the date to E-file Form 2290
After selecting the best e-file provider, schedule an appointment to e-file 2290 returns. By setting an appointment, you will get notifications regarding the due date to file HVUT returns for a tax period. It is not a mandatory step to file a tax return. Besides, you can also file Form 2290 directly and pay 2290 tax without scheduling an appointment. But if you schedule a date to e-file tax returns, you will not miss the deadline. However, you can also avoid last-minute penalties and interests.
Get Ready with Form 2290 Filing requirements
By gathering the requirements to file HVUT 2290s online beforehand helps you to avoid last-minute stress. As per the IRS norms, to e-file 2290 Forms you need to collect some important documents like EIN and VIN. On the other hand, without valid business and vehicle details, you can’t file 2290 Tax Form with the IRS. They include business name, address, gross weight of the vehicle, tax year, mileage limit, etc. These are the necessary details for a trucker to finish Form 2290 e-filing. Therefore, it’s better to file Form 2290 online with all the required details on hand. Suppose, if you miss any of the above details, you may not be able to file your 2290 Form.
Find A Copy of Prior Year’s 2290 return
Generally, a copy of your last year’s tax returns will help you to e-file 2290 easily within minutes. By having your prior year’s copy, you are not required to gather all the details. This is possible if you use the same e-file provider that you have filed your 2290 previously. Follow the below steps to save your time in e-filing:
- Login to the e-file account with your credentials.
- Click on the previous filing.
- If you’re filing 2290 for the same vehicle this tax period, then update or change the tax year, gross weight etc.
- Review the changes made and submit your 2290 Form by paying a tax amount.
- Finally, receive your 2290 schedule 1 proof instantly.
File 2290 within the deadline
Finally, for a successful Form 2290 Filing experience “file the tax returns within the deadline”. As per the IRS, the deadline varies for newly purchased and already existing vehicles. For newly purchased vehicles, submit the tax returns by the last date of the following month of purchase. The due date to transmit 2290s annually for already existing vehicles is “August 31st”. So, consider these two deadlines and file the tax returns regularly to avoid unwanted penalties and interests.
What happens if you don’t file your 2290?
When you fail to file your 2290 Tax Forms within the due date, the IRS subjects you to pay penalties along with interests. The penalty and interest details for failing to file Form 2290 are given below:
- Failing to file HVUT returns within the deadline: 4.5% on the total tax due. Increase up to five months;
- Not filing tax returns and paying taxes on-time: 0.5% on your total tax amount + additional interest of 0.54% per month;
Ready to file 2290 returns? Hurry up! E-file Form 2290s with Form 2290 Filing. 2290 truck tax season has begun. Register with us for free and file multiple returns. Pay 2290 taxes only when you submit tax returns with us.