Do you own a trucking business in the State of Virginia? 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 VA IFTA quarterly tax return form before the due deadlines as late filing may result in a penalty of $50 or 10% of the net tax liability. You can renew an existing IFTA account by mail, online, or in person. If you want to learn how to apply for IFTA/IRP account in Virginia by setting up a new account, the next section is for you:
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 Virginia.
Carriers who travel only within Virginia do not need an IFTA license.
You can find all the relevant information on https://www.dmv.virginia.gov/commercial/mcs/programs/ifta/index.html.
To avoid penalty for late filing, the tax returns must be postmarked no later than midnight on the date indicated.