July Newsletter

Tags beginning with O or P paperwork due...........................................July 15th

SCAC codes expired................................................................................June 30th

2290s for 2023-2024 expired.................................................................. June 30th

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

Tags beginning with M or N expire.........................................................July 31st

*** Our Office Will Be Closed July 4th and July 5th ***

SCAC Code Expired June 30th

If you have a SCAC code, it will need to have been renewed by June 30th. Has your

carrier asked for a SCAC code? Some carriers require a SCAC code as a form of

identification for their owner-operators. A SCAC code is a two to four letter code used to

identify owner-operators. It can also be used for a carrier’s broker to track assigned loads.

We can process this for you for $200.

RENEW SCAC CODE

HAZMAT PERMITS

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

RENEW HAZMAT

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 7, your MCS-150 may need to be updated. If the number before the 7 is an even number, you must renew by the end of June this year. If the 7 is preceded by an

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

UPDATE MCS-150

Tags Expiring and Renewals Due

Effective immediately: all carrier lease agreements must contain

carrier DOT number and EIN number.

Tags beginning with M or N expire July 31st.

Tags beginning with O or P must submit paperwork by July 15th

Those of you with tags beginning with O or P are required to submit documents to the state by July 31st to avoid a 10% late filing penalty. We need your paperwork by July 15th to file these documents on time.

Our tag work processing fee begins at $90.

TAG RENEWAL

2290s Expired June 30th

Heavy Highway Use Tax Form 2290 for 2023-2024 expired June 30th. Your 2290 renewal for 2024 must be paid before the end of August to avoid late fees. We can file for renewals beginning June 1st. Our fee is $80 for the first truck and $60 for each additional truck.

2290 Renewal

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 2nd quarter 2024 are late as of July 31st. IF you HAD 2023 IFTAs

and have NOT received your 2024 stickers, you are still required to file the 2nd 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 2nd quarter, we will still need a statement from you to file a zero return to the states.

UPLOAD FUEL TAX DOCUMENTS

FILE ZERO RETURN

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.

July 1st..............................Oklahoma Business Activity Tax Return

August 1st............................................North Dakota Annual Report

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

OTHER SERVICES

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