Welcome back truckers to our article space. We hope you know, the tax season for the year 2015-16 has already dropped into your calendars, and it is a reminder to call up people to our website to efile form 2290 online through Tax2290.com. And if you are getting late by any chance, you need to efile with penalties. |
What Happens If You Don’t File IRS Form 2290 By The Due Date?
Well, there are few consequences faced by the taxpayer for not filing HVUT on time. Among them, paying penalties and interest are the most frequent.
The total penalty for not filing by August 2014 will be 4.5% of the total tax due. This penalty is added up for 5 months. For instance, if your total tax due is $250, then penalty will be $250X4.5%= $11.25 So total tax due with penalty will be $261.25
Apart from penalties, the IRS charges monthly interest for the total tax due which is 0.5 of the total tax due.
If you want to avoid penalties, you can efile before the due date or you have to file with penalties and interest, which will cost you around 5% of the total tax due. It is advisable to file your tax return on time to stay away from IRS audits. However, there is no way out from filing taxes. But there is one simple method to file your tax return and that is Efiling form 2290. Keep reading the know more about the advantages of Efiling.
• Save time and paper • Get your tax calculated accurately • Online Error check • No more waiting in long queues • File anytime from anywhere • Avoid the virtual traffic jams. • Text Alert and Fax Copy option available • Full time customer support by our Tax Experts • Receive your schedule 1 copy in minutes
However, do remember, the error check is not a guarantee that your return will not face rejection. There are various reasons for the same. We have discussed the same below:
• The EIN Does Not Match Your Business Name • Duplicate Return or Duplicate VIN • EIN Not Registered In The IRS Records • Incorrect Routing Number
Do not panic if your return is rejected. You can come over and file your return again before time. So if you have not filed your return or your filed return is rejected for the mentioned above, do not hesitate to file again with Tax2290.com. You will not regret efiling with us! And efile form 2290 at the earliest, we know you don’t want to tag along penalties.
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