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Showing posts with label IFTA due date. Show all posts
Showing posts with label IFTA due date. Show all posts

Thursday, August 1, 2019

Yikes, I Missed The IFTA Filing Deadline. Now What?

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Some truckers missed yesterday's IFTA fuel tax IFTA filing deadline.By now you’ve probably realized that the 2nd quarter IFTA filing deadline was yesterday, July 31st.

Crap.

Let's be honest, who even knew there were 31 days in July anyway?

Don’t sweat it - missing the IFTA due date happens every IFTA filing quarter to tons of people.

Here’s what to do if you missed the 2nd quarter IFTA filing deadline.

Yikes, I Missed The IFTA Filing Deadline. Now What?

Understand The Penalties

The penalty for missing the IFTA filing deadline is $50 or 10% of your total tax, whichever is higher.

On top of that, you’ll be charged .4167% interest on your total tax monthly until the fuel tax is paid.

In addition, and here’s the real kicker, your base jurisdiction reserves the right to revoke your IFTA license.

Sounds terrible right? Well here’s the good news.

Avoid Those Penalties

You don’t need to go through all of that.

The penalties worsen the longer you wait to file your IFTA tax. Since the IFTA due date was yesterday, if you file your IFTA fuel tax today, the only fee you’ll pay is $50 or 10% of your tax.

Plus, in some cases if you file immediately after the deadline, you can get your IFTA filing in before anyone even realizes it’s late and potentially avoid the basic fee.

Also, first time IFTA due date offenders will probably not have their license revoked, especially if they can rectify the situation quickly.

Here’s a summary of what I’m saying - You need to file now!

You’ve realized your mistake and you have taxes on your mind, so what are you waiting for?

Knock out your IFTA fuel tax now before this gets out of hand.

File Your IFTA Fuel Tax Fast

You need a quick IFTA reporting solution, but don’t worry, we have a suggestion!

ExpressTruckTax has everything you could possibly need to file your IFTA fuel tax.

Truckers that missed the IFTA due date hurry to complete IFTA filing before penalties increase.
We’ll generate your IFTA report and take care of all the calculations for you, including total miles, gallons, miles per gallon, and IFTA tax amount.

We have all the tools you need to simplify the process, including bulk upload and a free IFTA tax calculator!

IFTA reporting doesn’t get any simpler.

Missing the IFTA due date happens, but excessive penalties don’t have to.







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Thursday, January 31, 2019

Today is the Tax Deadline for Businesses!

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Today is the Tax Deadline for Businesses! Today is Your 1099-Misc Due Date!

Today is the January 31 tax deadline! Are you ready to file before midnight?

If you trucking business hires 1099-MISC contractors or W-2 employees you have hours remaining to file. Tonight’s the deadline for employers to provide w2 & 1099 recipient copies. This also goes for any IRS Form 940 or IRS Form 941 you may have.

Failing to file by the January 31 tax deadline, means serious penalties for you, and your trucking business as a whole!

But don’t worry you still have time!! Check out TruckLogics’s sister product, Taxbandits before it’s too late!

TaxBandits makes it easy for your company to beat the January 31 tax deadline. They offer an easy e-filing solution that helps you file all your tax forms at once!

Why waste the little time you have left to file on hold with IRS customer service when TaxBandits can meet all your filling needs in minutes! They also have 24/7 US-Based customer support if you need further assistance meeting the January 31 tax deadline!

The midnight deadline to file W-2 with IRS officials is only a few hours away!

Don’t forget that along with the 1099-Misc due date, it’s also the 4th Quarter IFTA due date! Visit ExpressIFTA today to beat the deadline!

Beat the January 31 Tax Deadline Now!

Pay Only When You Transmit!

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Friday, December 29, 2017

Prepare For The 4th Quarter IFTA Deadline

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ExpressTruckTax simplifies truck taxes
Congratulations on another year behind the wheel. 2017 has been a crazy year for truckers with the ELD mandate. Plus, when hurricane Harvey and Irma struck truckers were greatly needed to provide relief for those affected by the storms.

There’s no telling what 2018 will have in store for you as you keep on truckin’. We’re sure you’re taking the time to think of the perfect resolution to start the year fresh. One way to do that involves getting started on the 4th quarter IFTA deadline that’s coming up on January 31.

Prepare For The 4th Quarter IFTA Deadline


Your 4th quarter IFTA return is due in about a month so we’re here to help you prepare for the deadline. If you need a little refreshing, IFTA is the International Fuel Tax Agreement put in place by the 48 contiguous United States and 10 Canadian provinces.

It was created in order to simplify the reporting of fuel used by qualifying motor vehicles that travel between at least two or more jurisdictions. The collected taxes are redistributed among the jurisdictions.

Your vehicle qualifies for IFTA reporting if it:
  • Has two axles and a gross vehicle weight exceeding 26,000 pounds 
  • Has two axles and a registered gross weight exceeding 26,000 pounds 
  • Has three or more axles regardless of weight 
  • Or has a combination weight exceeding 26,000 pounds. 
In order to comply with IFTA, you will apply for your IFTA license with your base jurisdiction or home state and keep it in your cab at all times. You will also receive two IFTA decals that you will need to keep on your driver’s side door at all times. Plus, you will need to complete your IFTA return four times a year.

You will need to provide the following information to complete your IFTA return:
  • Total miles traveled per jurisdiction 
  • Total gallons of fuel consumed per jurisdiction 
  • Total tax paid gallons of fuel purchased per jurisdiction 
  • And the current tax rate per jurisdiction. 
If you fail to complete your IFTA return you will have some penalties to face and they aren’t cheap. If you fail to file by the deadline you will face a penalty of $50 or 10% of the total amount due, depending on which amount is higher.
ExpressTruckTax knows ExpressIFTA generates accurate IFTA reports

Then you will face a monthly fee of .4167% of the tax due until you fully pay the amount you owe. States also reserve the right to impose their own penalties and revoke your IFTA license, which would park you!

Check out ExpressIFTA


But you don’t have to worry. ExpressTruckTax has a sister named ExpressIFTA that makes IFTA reporting incredibly easy online. You can track all of the totals you need to complete your return in one convenient location!

Plus, you can import all of your information all at once with the bulk upload feature and import all of your information at once. Also, you can import all of your mileage information directly from your GPS.

Best of all, all of your totals will be automatically calculated in a quarterly IFTA report that can be downloaded, printed, emailed, and used to instantly complete your IFTA return! It’s the fastest and most hassle-free way to handle IFTA.
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