Yes, it is that time again! IFTA filing third quarter will be up in another month and a few days. Now is the time to start making preparation for your filing; as to avoid delays. Even though the third quarter is almost up, I feel the urgency to speak to those who are experiencing IFTA challenges from quarters 1 and 2 of 2011 or prior years. If you have situations that you aren't sure how to work out or how to correct; help is available. The longer you wait to seek assistance; the greater the penalty and interest you will have to pay.
Please know that when you fail to file your IFTA, you are subjecting yourself and or your trucking/freight establishment to suspensions. The suspension isn't only applicable to your base state but also to other states that you wish to travel through. Another point of advice to know is that if your IFTA is suspended; your IRP is affected as well; the two go hand in hand. If you are behind in your IFTA or stuck in a hard place; start getting the following in order:
As I mention in a prior fuel tax reporting post, don't assume that your leasing company (if you are using someone else's authority), will automatically take care of your IFTA filing for you. Some companies will take care of the IFTA for you; while some companies will not.
Wisdom & Authority Titling Solutions is available to take on your entire IFTA fuel tax filing needs. If you want to be sure that your company is in compliance with fuel tax regulations and filing; don't waste time deciding what to do. Professional assistance is here to help you. Focus on your loads; while Wisdom & Authority Titling Solutions focus on your fuel tax filing compliances. Don't let time run out!