Don’t wait any longer – Failing to file IFTA by the end of the month will lead to a serious headache.
The fuel tax isn’t something you can just avoid. Ignoring it will simply make IFTA filing even more expensive than it originally was.
This is a quarterly tax, so stay on top of deadlines. The 3rd quarter deadline is November 2.
Here’s what happens if you miss the deadline.
IFTA Fuel Tax Penalties That Will Make You Want to File Now
Late Fuel Tax Filing
You are responsible for filing your IFTA tax return on time.
If you don’t, you’ll face a fee of $50 or 10% of your tax, whichever is higher.
On top of that, you’ll be charged interest for each month that your IFTA fuel tax goes un-filed, and you’ll have to pay this interest for every jurisdiction you owe money to.
Why Should You File?
Ultimately, if your IFTA tax return is never filed and your fuel tax remains unpaid, your license will be revoked.
You need to file an IFTA tax return if your vehicle:
– Has 2 axles and a gross vehicle weight or registered gross weight > 26,000 pounds
– Has 3 or more axles regardless of weight
– Has a combined weight > 26,000 pounds
How To Avoid IFTA Fuel Tax Penalties
IFTA filing is simple. There should be no reason for you to miss the fuel tax deadline.
ExpressTruckTax offers a service for IFTA form generation online in one convenient location.
We will generate your IFTA fuel tax rates for you in an easy-to-read quarterly IFTA report with everything you need to complete your return.
You can print, download, or email this information at any time.
Plus, with features like bulk & GPS data upload, pre-auditing, a free IFTA Tax Calculator, and US-based customer support, you’ll be done with your fuel tax in no time.
