Friday, February 1, 2013

Did You File 4th Quarter Returns?

If you have not yet filed your 4th Quarter IFTA, KYU, NY HUT, Oregon Weight-Mile or New Mexico Weight Distance returns, you missed the deadline! You want file as soon as possible to avoid further penalties and interest.  

Failure to file an IFTA 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 1% 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.

At Truck Services of North America, we make it simple by preparing and filing your quarterly returns for you, so you can avoid further penalties. TSNA takes the paperwork out of your way.  Contact us at or give us a call 803.386.0320.

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