June Newsletter 2024

Tags beginning with M and N paperwork due.........................................June 15th

Corporation/LLC renewal deadline.........................................................June 30th

(Please check below to see which states require renewals this month)

SCAC code expires.................................................................................June 30th

HazMat Permits expire............................................................................June 30th

2290s for 2024-2025 expire.................................................................... June 30th

Tags beginning with K and L expire......................................................June 30th

2nd Quarter Fuel Taxes are due to TFIG................................................July 15th

MCS-150 UPDATE

In accordance with FMCSA MCS-150 regulation 49 CFR Part §390.19, every two

years all motor carriers are required to update their MCS-150 information with the FMCSA. This update must be completed in the appropriate month, every even or odd year, based on your DOT#, even if none of your information has changed, and regardless of when you last updated. Failure to complete a biennial update in your assigned month may cause deactivation of your USDOT number and could result in civil penalties of up to $1,000 per day (not to exceed $10,000). If your DOT number ends with the number 6, your MCS-150 may need to be updated. If the number before the 6 is an odd number, you must renew by the end of June this year. If the 6 is preceded by an

even number, you are not due for an update until June of next year.

REGISTRATION

Effective immediately: all carrier lease agreements must contain carrier DOT number and EIN number.

Tags beginning with K or L expire June 30th.

Tags beginning with M or N must submit paperwork by June 15th.

Those of you with tags beginning with M or N are required to submit documents to the state by June 30th to avoid a 10% late filing penalty. We need your paperwork by June 15th to file these documents on time.

GA IRP DEADLINES:

***10% late filing fee if renewal not filed 30 days prior to tag expiration***

***25% late payment fee if paid after expiration***

Our tag work processing fee begins at $90.

TAG RENEWAL

2290 EXPIRS JUNE 30th

Heavy Highway Use Tax Form 2290 for 2024-2025 expires June 30th.

Your 2290 renewal for 2024 must be paid before the end of August to avoid late fees.

There is a .5% late payment penalty and 4.5% late filing penalty

if not filed/paid on time!

Go ahead and check this off your list!

Our fee is $80 for the first truck and $60 for each additional truck.

RENEW 2290

ACCOUNTING

Are you having trouble keeping your business records organized? Do you have receipts piled up everywhere? Let us help you get organized!

Call our accounting department today at 770-233-6098.

PERSONAL/BUSINESS TAXES

Need help with your taxes?

We can process your personal and business taxes for you!

Business taxes were due March 15th, and personal taxes were due April 15th.

Call our accounting department today at 770-233-6098

FUEL TAXES

Make sure to continue keeping track of your fuel and mileage for 2nd quarter 2024

which covers April 1st – June 30th. That information will be due to our office by July 15th.

Fuel tax filings for 1st quarter 2025 are late as of May 1st. IF you HAD 2023 IFTAs

and have NOT received your 2024 stickers, you are still required to file the 1st quarter fuel

taxes, EVEN IF YOU DID NOT RUN. The state charges a $50 late penalty or 10% of what

is owed, whichever amount is greater. Keep in mind that an additional 1% of your total is

applied to every month your fuel taxes are late; so do not delay in getting your information

to us! If you have an IFTA account and did not run in 1st quarter, we will still need a

statement from you to file a zero return to the states.

FUEL TAXES

CORPORATIONS

If you have a corporation or LLC, please check below to see if your renewal is due this month. Also, if you have not completed your BOI information, we need to apply for your FinCen number and update your BOI information to keep your corporation or LLC compliant with the Financial Crimes Enforcement Network.

**Please note, if this is not completed there is a $500 per day fine and could be subject to two years imprisonment and a fine of up to $10,000.

Please contact a corporations representative for pricing for other states.

-------------------------------------

June 1st.......................................................Maine

June 30th.................Kentucky and West Virginia

If you have a corporation in one of the following states, your renewal is based on your formation date. If you are unsure, please call a representative today.

Arizona, California, Colorado, Connecticut, Hawaii, Idaho, Illinois, Indiana, Louisiana, Missouri, Nevada, Oregon, South Dakota, Utah, Virginia, Washington, Wisconsin, Wyoming

RENEW CORPORATION

HAZMAT PERMITS

If you have a Hazmat Permit Registration, it may be time for you to renew your permit. Hazmat Permits will expire on June 30th. To renew, please click the link below.

RENEW HAZMAT

SCAC CODE

If you have a SCAC Code, it is time for you to renew your SCAC Certificate. To renew your SCAC Certificate, please click the link below.

RENEW SCAC CODE

DOT COMPLIANCE

The Department of Transportation

requires that all drivers operating vehicles

of 26,000 pounds or more be enrolled in a

drug and alcohol consortium. Our office

covers the drug testing costs for you; so

you do not need to worry about any

additional fees.

TEMPORARY PERMITS

Our permit specialists here at TFIG can

help in getting your trip, fuel, oversized

and overweight permits. We will review

details of your load to ensure that you

meet each state’s requirements for safe

and compliant traveling.

ACCOUNTING

Need help with your taxes? We can process your personal and business taxes for

you! Business taxes were due March 15th, and personal taxes were due April 15th.

We also offer specialized bookkeeping and accounting services to keep your business

records on track. Call our accounting department today at 770-233-6098.

The Financial Integrity Group | info@tfig.org | 877-233-9014 | www.tfig.org