FAQ
How do I calculate penalties and interest for late payment?
In the event you are filing your Form 2290 after the deadline, there will be penalties and interest accrued.
Penalty Cost:
If your Heavy Vehicle Use Tax is not filed by August 31st, the IRS Will charge 4.5% of the total tax amount due.
Interest:
If you file late, you will not only incur a penalty but you will pay interest on that penalty as well. The interest is .5% of the total amount due.