The deadline to file 4th Quarter IFTA Returns is tomorrow, January 31st. IFTA is the International Fuel Tax Agreement between the 48 contiguous States and 10 Canadian Provinces, where the member jurisdictions act cooperatively to administer and collect motor fuel use taxes.
The purpose of IFTA is to establish and maintain the concept of one fuel use license and one administering base jurisdiction for each license holder (licensee). Under IFTA, you only have to report to one state and the state allocate the fuel tax payments. For more details see http://www.iftach.org.
We are halfway through the filing period for 3rd quarter.
What you need to file:
Late Filing or Not Filing could result in the following:
IFTA filing (late fee) plus interest (if applicable)
Possible suspension of IFTA license
Possibility of having IRP/Apportioned Plate account affected
Citation from DOT if caught operating on a delinquent and or suspending IFTA license
Threat of having your entire transport operation shut down
The IFTA filing process may be vary slightly depending on your base jurisdiction state.
12 total views, 6 views today