ExpressIFTA Blog

Wednesday, November 6, 2019

You Missed the 3rd Quarter IFTA Deadline. What Now?

Truck that missed the IFTA fuel tax report deadline
So you missed the 3rd quarter IFTA fuel tax deadline.

Is it even that big of a deal?

Unfortunately for you, missing the IFTA deadline could actually be a very big deal.

In fact, now that you've missed the IFTA deadline, there are serious penalties making a beeline for your pocketbook right now.

But you still have a few options if you want to hang onto some of that money.


What happens if you miss the IFTA deadline


First, there are penalties. Pretty hefty ones. You will be hit right after the IFTA deadline with a fee of $50 or 10% of the total tax you would owe, whichever is greater.

Unless Nevada is your base jurisdiction, where the penalty for missing the IFTA deadline is $50 plus 10% of whatever you owe. 

It's hard to know if that 10% will be greater than $50. The fuel tax you actually owe will vary depending on factors like mileage and amount of fuel purchased and consumed.

You’re also going to be looking at a .4167% fee for every additional month you are late filing for IFTA. It adds up pretty quick.

Say you actually owe $300 for your IFTA tax. Within three months, you’ll be looking at IFTA fuel tax charges totaling $353.50. But worse than that, if you continue to ignore IFTA deadlines, your base jurisdiction can suspend or even revoke your IFTA license.

This effectively grounds your operations until you can get your IFTA compliance squared away.


So what do you after the IFTA deadline?

Trucker pumping gas and filing with Express IFTA for his IFTA tax report
File. Right away.

Filing now is the only way to keep from incurring bigger fees. Use the IFTA fuel tax report generator at Express IFTA to accurately file.

Express IFTA is easy to use and we do all of the complicated calculations for you


Keep track of IFTA information with TruckLogics


If you’re struggling to keep up with all the mileage and expenses and fuel charges coming at you, our sister product TruckLogics has a solution for you.

You can easily keep track of all your mileage and fuel charges in TruckLogics. As long as you enter all your loads into the system, we will automatically calculate mileage for you.

Plus, with the TruckLogics mobile app, you can enter information while on the go. When the quarterly IFTA deadline comes around, you can generate a report with all the information you need to file.




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