Mistakes happen once in a while, even when extreme care and precision are exercised in filling in a Vehicle Identification Number (VIN) on your Form 2290. The VIN is a unique 17-character identification of your vehicle, and any inconsistency may complicate your cause with the IRS, which may further delay the Stamped Schedule-1 you are looking to receive. Luckily, a VIN error on an already filed Form 2290 can easily be rectified at the IRS. Therefore, it is very important to act as soon as you discover a VIN error on one that has been filed. The procedure involves amending the Form 2290 and clearly stating the purpose as a "VIN correction" by providing the value of the erroneous VIN originally filed and the true vehicle VIN. It will be important to make a distinction between a VIN correction and other amendments, such as one made to change taxable gross weight or concerning anyone which increases mileage for a vehicle that was suspended.
When performing a VIN correction, the IRS is basically going to be notified to update their records with the correct vehicle identifying information while leaving the original tax liability and filing date intact. There usually should not be any extra tax liabilities regarding a simple VIN correction unless all other factors for the original filing were determined to be wrong; however, promptness is very important. If a change in VIN is not made on time, the IRS can send correspondence of mismatched records, possibly delaying vehicle registration, and they may even consider applying penalties. As a 2290 service entourage, we simplify the process of VIN correction, making it simple and hassle-free. Our online tracking service allows for electronic submission of VIN corrections; hence, the IRS will quickly and accurately receive this information. We walk you through the process step by step, which greatly reduces the chance of any further errors and helps to keep your records accurate with the IRS, which is necessary for easy working and compliance.
