So filers, are you all ready to welcome the New Year? Though there is nothing new happening each day, we have a unique happiness to celebrate New Year with our loved ones. Before you proceed to celebrate, we have an update to announce. Today is 31st of December and the last date to renew IFTA license and decal.
To start from the basics, IFTA, International Fuel Tax Agreement, which is active between 48 contiguous states and 10 Canadian Provinces, where the member jurisdictions act cooperatively to administer and collect motor fuel use taxes. This simple idea was bought into power to maintain the concept of one fuel use license and one administering base jurisdiction for each licensee.
IFTA license renewals are scheduled annually, and it is due by December 31st every year. Each state follows its own process, so it is better to check upon your own base jurisdiction and follow up regarding the renewal. However, if there are any dues left unpaid, your IFTA license cannot be renewed. And that implies, if you pay your dues, your license can be renewed. And if you have missed your quarterly filing, you need to file your IFTA at the earliest and get your license renewed.
Additionally, if you don’t receive your renewal papers by mail, you still have to renew your license. You hold the responsibility for the renewal by the due date. Carriers renewing their IFTA license and decal have two months of grace period (January and February) to display their renewal IFTA license and decal. The extended due two months time is to display your credentials not to file your application to gain the credential.
Also, the due date for the 4th quarter is round the corner, so it is better to get your documents in place for easy filing. And if you have not tried preparing your IFTA return online, come over and experience anew with TaxIFTA.com. You don’t have to worry about the errors or the math part as the application would take care of it.
Time is flying, get your license and decal renewed at the earliest. And prepare your return online only with TaxIFTA.com. We have handpicked Tax Experts for your assistance. Let be queries about IFTA or how to prepare your return, we all ears to your questions. You can reach our Tax Experts for any questions@ 1-866-245-3918 or email at support@taxexcise.com. We are here to serve you the best, the authentic. Happy renewing!