Tips for Trucking Professionals Who Missed the 2290 Tax Deadline
If you're a trucker in the American trucking industry, you probably know that the IRS Form 2290 filing for the 2023-2024 tax year was due on August 31, 2023. But, life can get pretty hectic, and it's easy to miss a tax deadline. If you happen to be among those who missed the Form 2290 tax deadline, don't panic just yet. You can still file your IRS Form 2290. In this blog, we will walk you through a step-by-step guide on how you can file your Form 2290 using eForm2290. So, let's get started!
Understanding Late Filing Penalties
If you are a late filer, failure to submit Form 2290 can lead to a penalty equivalent to 5% of the outstanding taxes for every month, even partial months, during which the tax return remains overdue. However, the maximum penalty cannot exceed 25% of the unpaid taxes owed. You should note that these penalties can quickly add up, making it important for you to take action if you are filing your IRS Form 2290 after the tax deadline.
Steps to File Form 2290
Let's see how you can file your IRS Form 2290 in three easy steps and avoid piling up late filing penalties:
Login to your eForm2290 account / Register if you are new
You can either log in to your existing eForm2290 account or register if you're new to eForm2290. It's a simple process and only takes a few minutes.
Fill in vehicle & company details
After logging in, you'll need to provide your vehicle and company details accurately. This includes the Tax Period, First Used Month, your VIN, Taxable Gross Weight, and Vehicle Type. Upon entering these details, your Form 2290 tax amount will be calculated automatically.
Review details, complete payment and submit
After filling in the necessary information, it's time to make the payment. Once your filing is processed, you'll receive the stamped Schedule 1. Your Schedule 1 copy serves as proof of HVUT payment.
Why Choose eForm2290?
Now, let’s see why filing your IRS Form 2290 with eForm2290 is the best choice. Here are some compelling reasons, especially if you are filing your Form 2290 post the tax deadline:
Trusted Over a Decade
eForm2290 has been serving the trucking industry for over a decade, earning the trust of trucking professionals.
Five-Star Rated Customer Service
With over 10,000 five-star reviews on Google and Trustpilot combined, it's clear that our users trust us with their Form 2290 filing. Our customer service executives are highly experienced and they are always ready to help you throughout your filing process.
eForm2290 is designed with trucking professionals in mind. Our user-friendly features make it very easy for you to file your Form 2290. Our platform provides convenient filing options, such as Self-Service Filing and Dial and File. Our Self-Service Filing lets you easily navigate the filing process at your own pace while filing online, whereas if you are busy, Dial and File is a premium service that can help you file your IRS Form 2290 with a simple phone call.
If you have filed with eForm2290 earlier, you can copy your previous year's filing details and complete your filing using the Quick re-file feature, making the Form 2290 filing experience very convenient.
Another crucial benefit of using eForm2290 is the ability to file your IRS Form 2290 conveniently online. Opting for online filing is the quickest method to handle your Heavy Vehicle Use Tax (HVUT), and the best part is that you can receive your Schedule 1 instantly once your filing is processed. This is a relief, especially if you have missed the tax deadline.
If you missed the IRS Form 2290 deadline, don't let late filing penalties weigh you down. File your taxes with eForm2290 today so that you don’t have to worry about those penalties. The longer you wait after the tax deadline, the more those penalties will pile up, so don't delay any further.