IRS Form 2290 Due Date for 2023-2024
When is my form 2290 due date?
|If your vehicle is used first during these months:||Then go ahead and file Form 2290 and make your payment by||Enter this date on Form 2290, line 1**|
|January||Last day of February||YYYY01|
Frequently asked questions around form 2290 due dates
Are you searching for the answer to this question: “When is My Form 2290 Due Date?” Then we have the answer! Our HVUT 2290 form due date calculator tool helps you determine your form 2290 due date based on the 'First use' month month you specify. All you need to do is select your 'first use' month from the list on the left side. Your form 2290 due date will be displayed on the right side.
The IRS form 2290 for Heavy Vehicle Use Taxes (HVUT) needs to be filed annually. The tax period starts on July 1st and ends on June 30th of the next year.
HVUT tax is calculated based on the number of months used, and not for the full 12 months in advance. In other words, taxes are calculated on a pro-rata basis by taking into account the month of 'first use'.
For example, Chris purchased a new taxable vehicle on November 1, 2023. The vehicle is first used on public highways by driving it home from the dealership in November. So Chris must file form 2290 reporting the new vehicle by December 31, 2023, for the period beginning November 1, 2023, through June 30, 2024
When you skip your highway use 2290 tax due date, you will be notified by the IRS. If you’ve registered an account with eForm2290, we will send you timely reminders before 31st August so that you will not miss your form 2290 filing deadline.
The 2290 form due date to report your suspended vehicle is July 1st, 2023. If July 1st falls on a Saturday, Sunday, or a legal holiday, you must e-file by the next business day.
You must file your form 2290 before the specified due date so that you can make changes or correct errors on the off chance that your form gets rejected - without attracting penalties.
If the form 2290 deadline falls on a Saturday, Sunday, or a legal holiday, the deadline will be moved to the next business day.
If you skip the HVUT filing deadline, the IRS will impose a penalty of 4.5% of the total amount you owe, which will accrue on a monthly basis for up to five months. Late filers will also attract an additional monthly penalty of 0.5% of total tax due. Additional interest charges of 0.54% per month accrue as well.
Penalty for non-payment of HVUT is way more costly. If you fail to file your tax after 5 months, the penalty amount would mount to its maximum by summing all the penalties and interest. The IRS, FHWA, and the State & local agents will launch a criminal investigation against you for tax evasion, and if found guilty, you could be prosecuted.
Although you can file your form 2290 after the due date, it is not recommended to skip the IRS form 2290 due date. When you skip the deadline, you will need to pay interest as well as late payment fees imposed by the IRS.
If your form has been rejected after the filing deadline, you need to resubmit your return within five days of being informed of rejection, so that you won't incur late filing penalties.
If you want an extension of time to pay the tax, you must request that separately stating the reason for non-payment.
If your vehicle has a gross weight of 55,000 pounds or more, you will have to pay the tax on the date specified no matter what the vehicle type is. However, for privately purchased used vehicles, the due dates may vary.
A privately purchased used vehicle is bought from another owner who has already paid the heavy Highway Vehicle Use Tax for the month of sale. Therefore, if you purchased a used vehicle on July 1, 2023, but before June 1, 2024, and your first use (such as driving it from the purchase location to your home or business location) is in July (the month of sale), then you need to pay total tax for the period extending from august till June 2024.