Do you own a trucking business in the State of New Jersey? It’s important you register the vehicles in your fleet for IFTA filing to avoid penalty. Let us guide you further.
It is of utmost importance that you file your NJ IFTA quarterly fuel tax report before the due deadlines as late filing may result in a penalty of $50 or 10% of the net tax liability. New Jersey registration renewal must be completed my mail. Here is how you can apply for a new account:
January, February, March: April 30
April, May, June: July 31
July, August, September: October 31
October, November, December: January 31
Yes, you would still need to file a ‘zero’ report in the state of New Jersey.
You can learn more about the IFTA rules and regulations in the state of New Jersey on https://www.state.nj.us/mvc/business/iftadecals.htm.
Advantages of IFTA include:
The IFTA license is valid for a calendar year from January 1 through December 31.