A Form 2290 can be filed at any time after the deadline has passed but the tax due may be
subject to penalties and interest. The 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 HVUT payment also face an additional monthly penalty equal to 0.5 percent
of total tax due. Additional interest charges of 0.54 percent per month accrue as well.
Penalties and Interest are not the only consequenses of not filing on time. The Department of Transportation
requires that the Form 2290 must be filed to officially register a vehicle and to receive updated vehicle tags.
Additionally, owner-operators are often required to provide proof that their Form 2290 was filed with their carrier
or Trucking Company. This proof of 2290 Filing is the Stamped Schedule 1 which is automatically generated when
e-filing the Form 2290 at ExpressTruckTax.com