The IRS imposes penalties for failure to file or pay your taxes by the due date. There are also penalties for filing false or fraudulent returns. Additional interest charges are also accrued on a monthly basis.
You must file your Form 2290 by the last day of the month following the month of first use of the vehicle. If the due date falls on a Saturday, Sunday, or holiday, file by the next business day. Regardless of the vehicle’s registration renewal date, Form 2290 must be filled by the last day of the month following the month in which you first use the vehicle on a public highway during the tax period. The current period begins July 1, 2024, and ends June 30, 2025.
If you need more time to file your Form 2290, you can request the IRS to give you an extension. Send a letter before the due date of the return explaining the cause of the delay. However, a separate request is required for an extension of time to pay.
