The last minute filing is always going to give you stress, file early to get some extra time to look back and relax. You have just 3 more days left to get your Form 2290 and Schedule -1 proof renewed for the Tax Period 2017-2018. 3 days means you are risking yourself, make sure you have all the tax related information right in your return so that IRS could process your return with our any delay.
You must file Form 2290 and Schedule-1 for the tax period beginning on July 1, and ending on June 30, if a taxable highway motor vehicle is registered, or required to be registered, in your name under state, District of Columbia, Canadian, or Mexican law at the time of its first use during the period and the vehicle has a taxable gross weight of 55,000 pounds (lbs) or more.
To report vehicles for which you are paying 2290 truck taxes and for those including suspension of the tax by category and you would list the vehicle identification number (VIN) on Schedule-1. This is the proof of payment that you can vouch to register your vehicle(s) in any state. The copy of Schedule-1 is stamped (watermarked) and returned to you by the IRS for this purpose. When you electrically report this 2290 truck tax, Schedule 1 the “Proof of Payment” is inbox to you in just minutes after IRS accepting your return. No more waiting for the traditional mail for weeks.
Electronic filing is required for each return reporting and paying tax on 25 or more vehicles. Tax-suspended vehicles (designated by category W) aren’t included in the electronic filing requirement for 25 or more vehicles since you aren’t paying tax on them. However, all taxpayers are encouraged to file electronically. Electronic filing generally allows for quicker processing of your return. A stamped Schedule 1 can be available within minutes after filing and acceptance by the IRS.