Illinois Ifta | $1,000 Ifta Surety Bond
Also known as: ifta bond
Type of Bond
An Illinois IFTA (International Fuel Tax Agreement) bond is a type of surety bond required by the Illinois Department of Revenue for certain interstate motor carriers operating in the state. The IFTA is an agreement between the 48 contiguous United States and 10 Canadian provinces that simplifies the reporting and payment of fuel taxes for carriers operating across multiple jurisdictions. The purpose of the Illinois IFTA bond is to ensure that motor carriers accurately report and pay their fuel taxes according to the IFTA regulations. The bond acts as a financial guarantee that carriers will meet their tax obligations, protecting the state from potential revenue loss due to underreporting or non-payment of taxes. In case a carrier fails to comply with the IFTA rules and regulations, resulting in unpaid taxes or penalties, a claim can be filed against the bond to recover the owed amount. In summary, the Illinois IFTA bond serves as a financial safeguard for the state, ensuring that interstate motor carriers fulfill their fuel tax obligations and comply with the International Fuel Tax Agreement.
Program
The price you'll pay for your $1,000 Ifta Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of $1,000 Ifta Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a $1,000 Ifta Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Ifta Bond Application process.
The Illinois Ifta Bond amount is currently set at $1,000.
Obligee Information
An obligee is the entity that is requiring you to have the Ifta bond.
For your convenience you can view a sample copy of the Illinois Ifta Bond Form.
Obligee: Department Of Revenue State Of Illinois
Street: Po Box 5587
State: Illinois
Zip: 60680
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!