Clarification on IFTA Grace Period
We have received many calls regarding the “grace period” for IFTA Credentials. And we must not be the only ones because the IFTA Association released a memorandum on November 15, 2012 to clarify this subject.
Their memo states:
Please be advised that IFTA License Renewals for 2013 MUST BE FILED WITH YOUR BASE JURISDICTION BEFORE THE END OF 2012. The two-month grace period is for display of renewal credentials, not to file your renewal application for those credentials.
See the full memo for specific details. If you have not already renewed your IFTA credentials you need to do so before December 31, 2012 to avoid possible penalties.
Be advised that your IFTA account must be in good standing, which means you must have filed all Quarterly Returns and paid any taxes due. ExpressIFTA enables you to prepare your IFTA return quickly and easily. To get started today go to ExpressIFTA.com or contact our friendly Express Tax Support Center in Rock Hill, SC at 704.234.6005 between the hours of 8am – 6pm EST, Monday through Friday or email us at support@expressIFTA.com.
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