Hello there truckers, Christmas is around the block and not to mention a fresh year ahead. It’s been a wild ride so far and thank god for the year 2020 is almost over, yes the pandemic has made us run for our lives. The emptiest year has ended and a fresh start is up ahead with the news of covid-19 vaccines in mass production, hope the next year would be a better and promising one. Let’s talk about our taxes now, The Internal Revenue Service online servers usually go off-line every year during Christmas Eve to upgrade their servers to generate updated forms and support tax returns for the upcoming tax period.
The IRS usually schedule their annual maintenance period beginning December 26th, and we expect the IRS to officially recommence full operations during the 1st week of January and it should be the same this year. Now during this maintenance period, the IRS servers completely turn out to be idle hence, No tax returns that are e-filed will be processed by the IRS until the maintenance period is ceased.
Now you might be thinking what tax return needs to be e-filed during this downtime. Well your HVUT Form 2290 does! Yes, the Pro-rated HVUT Form 2290 is now due by Dec 31st, 2020 for vehicles that are into service since November 2020. As the Federal law states that a Form 2290 must be filed on a vehicle by the last day of the month following the month of its first use.
Having said that, now this Pro-rated HVUT Filing deadline is APPLICABLE ONLY FOR VEHICLES THAT WERE PURCHASED/ RE-PURCHASED OR STARTED ITS OPERATION BEGINNING NOVEMBER 2020. Hence, this deadline does not have any impact on your annual HVUT renewals which were done during July or August 2020, As Form 2290 is generally due by June and is payable until the end of August.
If you have realized that you needed to file a pro-rated Form 2290 right now, we recommend you to E-file the pro-rated HVUT Form 2290 before the IRS shutdown period to avoid any delays in getting your tax return processed until the maintenance period is ceased.