What if I don't file Form 2290?

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Except for some exceptions, all heavy highway vehicles with a gross weight of 55,000 lbs. and more and using the public highways need to pay the tax as per the federal Heavy Vehicle Use Tax regulations. So it becomes mandatory for heavy highway vehicles users to file form 2290. This article deals about the consequences that need to be faced if you don't file form 2290for a taxable heavy highway vehicle.

  • What if I don't file Form 2290?
  • Not signing the return
  • Claiming refund of Heavy Vehicle Use Tax already paid
  • Sale of vehicle
  • Getting stamped Schedule 1 on short notice

What if I don't file Form 2290?
As per the law there will be penalties imposed on the persons who are using taxable heavy highway vehicle and failing to file the tax return. Even false filing or fraudulent returns will be penalized. Apart from these penalties there will be interest charged on delayed payments. In case if you can show the reasonable cause for not filing the return on time, you may be exempted from paying the penalties. Also in case of filing the return after the due date, you need to attach a detailed explanation for the delay with the valid reason.

Not signing the return
In case the tax return is filed without signing, the return will be sent back for signing. It is important to note that an unsigned return is not considered as filed return.

Claiming refund of Heavy Vehicle Use Tax already paid
In case a taxable heavy highway vehicle is destroyed, stolen, or sold before June 1 or for one that was used 5,000 miles or less (7,500 miles or less for agricultural vehicles), a refund for tax paid can be claimed on the subsequent Form 2290 filed. Form 8849 can also be used to claim the refund.
Till the end of the Form 2290 tax period, form 8849 cannot be filed. Let us take an example of tax paid for the period July 1, 2009, through June 31, 2010, for a vehicle used 5,000 miles or less during the period, a refund on Form 2290 (or refund on Form 8849) cannot be claimed until after June 30, 2010.

Sale of vehicle
In case a vehicle was sold, the tax payer who filed the return and paid the tax gets the credit.

Getting stamped Schedule 1 on short notice
Electronic processing of schedule 1 can normally take 2 days. In case of queries relating to registration deadline, you can dial to the IRS Taxpayer Assistance centre in the vicinity and can clarify your doubt regarding when you can file the form 2290 there. Check out www.Tax2290.com for efficient e-filing of excise taxes.

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