What Are the IFTA Late Filing Penalties?

IFTA Late Filing Penalties

Nobody likes late fees. That’s especially true when you’re a truck driver who spends most of their life on the road.

Some people get so frustrated with their IFTA filing, they shrug off their responsibilities until it’s too late.

While you might think IFTA is an annoyance, you need to report your fuel tax miles. After all, you could be slapped with major IFTA penalties if not!

What Are the Penalties for Late Filing?

In most states, the IFTA late filing penalty is a flat rate fee of $50 or 10% of the taxes due, whichever is greater.

However, Nevada is a bit different. In Nevada, the penalty for late filing is a $50 flat fee plus 10% of the taxes due.

How Does This Affect Me?

Starting the month after you receive your original penalty for late filing, you will be charged .4167% of the tax due every month until the tax amount is paid.

Again, Nevada is the an exception to this rule. Nevada charges the .4167% of the tax due every month, as well as an administrative late fee of $100 the first time. After that, filers will be charged $500 the second time, $1000 the third time, $1500 the fourth time, $2000 the fifth time, and $2500 for every time after that.

What’s the Worst That Could Happen?

As it turns out, many states will actually revoke an IFTA license if a quarterly return isn’t filed or if multiple returns are filed late.

So if you’re not careful, you might get your state IFTA license revoked! Then you’re not considered roadworthy. Then you can’t pay the bills.

That’s just an all around bad idea. Instead of getting frustrated and giving up on your IFTA return, go to ExpressIFTA.com and create your IFTA report with their easy-to-use software. You can upload with trip sheets, quick entries, or even your GPS data!

If you get stuck reporting your IFTA return, the helpful customer support crew at ExpressIFTA would be happy to lend you a hand at (704)234-6005.

Related Blog: IFTA Late Filing Penalties