Common use of Penalties and Fees Clause in Contracts

Penalties and Fees. If a return is late or underpaid, a late fee will be assessed at 10 percent of the total tax due. Interest will be charged at the rate of 1 percent per month for each jurisdiction you owe money. For tax returns not filed or when the taxes are not paid, your license will be revoked in all IFTA jurisdictions and your Washington Prorate privileges will be cancelled. To reissue a revoked IFTA license, you may need to provide: tax returns through the date of revocation, overdue payments, a new application, and $100 relicensing fee. Refunds or credits of $10 or less will not be issued or carried forward. FT-441-242 (R/10/09)W Page 1 of 2

Penalties and Fees. If a return is late or underpaid, a late fee will be assessed at 10 percent of the total tax due. Interest will be charged at the rate of 1 percent per month for each jurisdiction you owe money. For tax returns not filed or when the taxes are not paid, your license will be revoked in all IFTA jurisdictions and your Washington Prorate privileges will be cancelled. To reissue a revoked IFTA license, you may need to provide: tax returns through the date of revocation, overdue payments, a new application, and $100 relicensing fee. Refunds or credits of $10 or less will not be issued or carried forward. FT-441-242 (R/10/09)W R/12/10)W Page 1 of 2