When you E-File your form 2290, the IRS will apply a digital watermark with the E-File logo to your Form 2290 Schedule 1. This electronic Schedule 1 is your official proof of payment from the IRS.
A Form 2290 can be filed at any time after the deadline has passed but the tax due may be subject to IRS penalties and interest. The IRS penalty for failing to file
IRS Form 2290 in a timely manner is equal to 4.5 percent of the total tax due, assessed on a monthly basis up to five months. Late filers not making an Heavy Vehicle Use Tax (Form 2290) payment also face an additional monthly
IRS penalty equal to 0.5 percent of total tax due. Additional interest charges of 0.54 percent per month accrue as well.
The law provides IRS penalties for failing to file returns or pay taxes when due. There are also penalties for filing false or fraudulent returns. These IRS penalties are in addition to interest charge on late payments.
No. Your tax liability is determined by your first use month during the tax period. If you begin using your vehicle during any month other than July you are liable for a prorated tax amount during that tax period. Our system will automatically calculate your tax based on your vehicle weight and first use month.
If your tax credits are greater than the current taxes due, our system will automatically generate a Form 8849 to ensure that you receive your excise tax refund.
Once you transmit your return to the IRS, it takes only minutes to receive your IRS stamped
Form 2290 Schedule 1, Guaranteed.
Yes, we really can get your Form 2290 Schedule 1 in minutes. From the moment you transmit your return through our application, it typically takes less than 5 minutes for the IRS to return your stamped Schedule 1.
Please note, the IRS will not process your return on weekends or Federal holidays if you have chosen the Electronic Funds Withdrawal (EFW) option for paying your taxes.