What is the date that my IFTA return and payment must be filed by?
1st Quarter January through March: April 30th 2nd Quarter April through June: July 31st 3rd Quarter July through September: October 31st 4th Quarter October through December: January 31st When is penalty and interest assessed? Penalty of $50.00 or 10 percent of delinquent taxes, whichever is greater. Penalty will be assessed when failing to file a return, filing a late return, or underpaying taxes due. Interest shall be assessed at the rate of one (1) percent per month, on all delinquent taxes due to each jurisdiction. How are credit balances taken care of? You may request a refund of your credit balances of $10.00 or more by checking the box on the front of your IFTA return form 85. If the box is not marked, the credit balance will be applied to your next return. Credit balances cannot be carried for more than eight quarters (two years) from the date established. What if I do not file my IFTA quarterly report?
