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 3rd quarter. The fuel taxes are due quarterly and October 31st is the deadline for the 3rd quarter. (July, August, September).
What you need to file:
- Mileage log
- Fuel Receipts
- Any IFTA correspondences pertaining to your account (if applicable)
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
If you are new and not sure what to do or would rather not have to take the time to file your IFTA, contact Truck Services of North America at today. If you would like us to take care your IFTA, we will need copies of your mileage logs and fuel receipts into our office.
As a premier processing agency, we can set up your IFTA accounts and file your Quarterly IFTA Taxes for you. TSNA takes the paperwork out of your way! Check out all our services at TSNAmerica.com and fill out the Service Request Form, email us at support@TSNAmerica.com or call 803.386.0320.
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