A month has passed by, yet the Form 2290 deadline has not..! The Form 2290 HVUT tax returns are due by the end of this month. Penalties for HVUT non-compliance are serious money; it is equal to 4.5 percent of total tax due, assessed on a monthly basis. Late filers who don’t make an HVUT payment also face an additional monthly penalty equal to 0.5 percent of the total tax due. Additional interest charges of 0.54 percent per month accumulate as well.
Well, who would wish to spare the hard-earned money towards paying a late filing fee with interests, nobody right! Hence, don’t hold up until the deadline to be the last moment filer that would make easy things hard and hard things even harder; that even tends us to commit mistakes over the Form 2290 while filing in a rush.
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