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Showing posts with label IFTA filing deadline. Show all posts
Showing posts with label IFTA filing deadline. 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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Tuesday, July 30, 2019

Hurry! Tomorrow is the IFTA Filing Deadline!

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It's time for truckers to file their IFTA tax return.In case it still hasn’t hit you, we’ll say it again: 

Tomorrow, July 31st, is the 2nd quarter IFTA
filing deadline!

It’s important to file your IFTA tax return by midnight to avoid major penalties.

Did Form 2290 filing distract you from the IFTA filing deadline? 

Don’t stress! There’s still a way to file your IFTA tax return in time.

ExpressTruckTax handles all of your IFTA reporting needs online. 

With amazing features like our free IFTA tax calculator, you can generate your IFTA tax report quickly and use it to file your IFTA tax return.


Here’s everything you need to know in order to file by the IFTA filing deadline.

Hurry! Tomorrow is the IFTA Filing Deadline!

Do You Need To File IFTA Fuel Tax?

If you operate in two or more jurisdictions, you must have an IFTA sticker and license.

You are also required to file a quarterly IFTA fuel tax report calculating how much fuel tax you owe (or are credited).

IFTA reporting is necessary because, while state fuel tax would typically cover mileage traveled in a certain state, truckers frequently cross state borders. Therefore, where they purchase fuel isn’t always an accurate depiction of where they’re using it.

You’re required to participate in IFTA reporting if your vehicle has 2 axles and a gross vehicle weight or combined weight over 26,000 pounds, has 2 axles and a registered gross weight over 26,000 pounds, or has 3 or more axles regardless of weight.

What Information Do You Need?

To complete your IFTA tax return, you’ll need the following information:

-  Total miles traveled per jurisdiction
-  Total gallons of fuel consumed per jurisdiction
-  Total tax paid/gallons of fuel purchased per jurisdiction
-  Current tax rate per jurisdiction

Calculating this information is easy with our free IFTA tax calculator.

All you have to do is select your base jurisdiction, choose the IFTA fuel tax quarter & fuel type, and enter miles traveled/fuel purchased for each state.

We’ll do the rest!

How to Complete Your IFTA Tax Return

ExpressTruckTax makes generating your IFTA tax report before the IFTA deadline simple. Plus, with our free IFTA tax calculator, you’ll get all of your IFTA filing totals with 100% accuracy.

Tomorrow is the IFTA filing deadline. Truckers need to complete their IFTA fuel tax to avoid penalties.We’ll generate an easy-to-read quarterly IFTA
tax report containing everything you need to complete your return before the IFTA deadline. Print, download, or email your information at any time!

Use our IFTA tax tools to help make your IFTA filing process simpler and quicker with ExpressTruckTax, so that you can meet the IFTA deadline.






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