Do you own a trucking business in Colorado? 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 Colorado IFTA tax report before the due deadlines as late filing may result in a penalty of $50 or 10% of the net tax liability. Existing IFTA accounts that are in good standing are renewed automatically. Here, we explain the Colorado IFTA application process in detail:
January, February, March: April 30
April, May, June: July 31
July, August, September: October 31
October, November, December: January 31
Factors such as total miles, total gallons, miles by jurisdiction, and gallons by jurisdiction need to be considered when filing your state fuel tax.
IFTA accounts will only be closed in good standing once all returns have been filed in addition to paying any balance due on the account.
You can find all the relevant information on https://tax.colorado.gov/IFTA-filing-information.
Without a compliance issue, a completed license application will be processed within 5 business days after receipt.
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