How to Easily Find Your Form 2290 Due Date

Diligent filing of Form 2290 is necessary to avoid penalties and comply to IRS regulation. If you are not aware of the deadline for submitting Form 2290, there is an easy way to locate your due date according to where the vehicle that was subject to tax was first used and according to IRS tax year.

Basic Facts About Form 2290 Tax Year

The Form 2290 tax year is not the same as the tax reporting year where Form 2290 is kept, from July 01 to June 30, next year. The Heavy Vehicle Use Tax (HVUT) is the tax in question here that must be filled out by the taxpayer for every heavy vehicle that he or she owns or operates wherein the weight of the vehicle per unit weighs 55000 pounds and above and therefore can use the public highway. For filing and payment on application, it is mandated that it is done Just once a year though the due dates will depend on the date the vehicle was first used in service.

Key Due Dates for Form 2290 Annual Return Filing

There will be Submission of Form 2290 for vehicles which were in service when the tax period begins. For vehicles that were in service when the tax period begins, the form 2290 is due by August 31st and for the first month of the filing period, August 31st.

Otherwise, payment or submission of the excise tax must be made by this date for all vehicles that were availed which were operating at the onset of the new taxation period.

New Vehicle First Use:

For any new vehicle whose use is acquired or commences after June 30, the last day of the month following the month when the New Form 2290 was first used is the deadline.

For instance, if you first put your vehicle in service on October, your due date of Form 2290 filing would be November 30

How to Tell By When to File Form 2290

Here’s a quick reference chart to determine the due date depending on the month of first usage of the vehicle:

• Month of First Use Form 2290 Due Date
• July August 31
• August September 30
• September October 31
• October November 30
• November December 31
• December January 31
• January February 28
• February March 31
• March April 30
• April May 31
• May June 30
• June July 31

What Happens If You Bypass the Due Date?

Several deadlines must be noted when preparing the Form 2290. Failure to observe any of these deadlines will make one pay penalties in the form of payment and interest on the taxes due. To prevent this from happening, it is necessary to understand the due dates, especially if you increase your fleet on the course of the year.

Failure to meet the due date and filing will incur penalties such as:

• Late Filing Penalty: 4.5% of total tax owed, charged on monthly basis but up to 5 months period.
• Late Payment Penalty: 0.5% of any unpaid tax together with interest.

The Procedure for E-Filing Form 2290 Before the Deadline

The quickest way to avoid late fillings of Form 2290 is to e-file sooner than the last date of submitting the form. E-filing has its benefits which includes:

E-Submission of The Form – The form is filed and its acceptance notice by IRS sent to you.

• Schedule 1: You will get the stamped Schedule 1 which is needed for vehicle registration and stamps within some minutes after payment.
• Savvy: Making your return over the internet saves you time and postages as you do not need to send any documents.

Go Ahead and E-File Form 2290 With Us

If you e-file Form 2290 with us, you will receive:

Automated due date reminders: Get timely alerts to avoid late filing.

• With a simple process: You only need to sue the platform and it will help you with the remaining at the 2nd stage, avoid errors and submit faster.
• Immediate confirmation: When the Form 2290 is received and acknowledged by the IRS, you are informed.

Note: For more information, visit IRS website