The deadline to file 2nd Quarter IFTA Return is today!! You have to file a return even if you did not run during the quarter. You would just file a “zero” report.
Failure to file a return, filing a late return, or failure to remit any or all tax due will result in a penalty of $50.00 or 10% of the net tax due to all member jurisdictions, whichever is greater. Interest is computed on all delinquent taxes dues each jurisdiction at a rate of .4167% per month. Even if you have a net refund, interest still applies to each jurisdiction for any underpayment of fuels use tax to that jurisdiction and is calculated beginning the day after the due date of the return for each month, or fraction of a month, until paid. So the longer you are late, the more you will owe.
The deadline for 2nd Quarter IFTA returns is today, July 31st, so if you have not yet filed your return, you will want to file it now to avoid penalties and interest. ExpressIFTA has made a complicated tax form easy. To find out more about IFTA filing or get started today, 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.
2,052 total views, 3 views today