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 4th quarter. The fuel taxes are due quarterly and January 31st is the deadline for the 4th quarter. (October, November and December)
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.
ExpressIFTA puts the EZ in IFTA filing and makes it easy to maintain the records required for your IFTA return, so you can file on time. 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.
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