License Cancellation. An IFTA license may be cancelled at the request of any licensee, provided all reporting requirements and tax liabilities to all member jurisdictions have been satisfied. To cancel an IFTA license, complete and submit Form NC-BN, Out-of-Business Notification, to the Division. The license may also be cancelled by submitting a written request for cancellation. Upon cancellation, the licensee must destroy the original IFTA license and all license copies. Decals should be removed from all qualified motor vehicles and maintained for audit purposes. A final audit may be conducted by any member jurisdiction upon cancellation of an IFTA license. Licensees must retain the records of its operations to which IFTA reporting requirements apply for a period of four (4) years from the due date or date filed, whichever is later, plus any period covered by waivers or jeopardy assessments. (R410; P510)
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Samples: Tax Agreement, www.ncdor.gov, files.nc.gov
