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Showing posts with label IFTA reporting. Show all posts
Showing posts with label IFTA reporting. Show all posts

Thursday, July 5, 2018

What You Need to File Your IFTA Tax Return

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What You Need to File Your IFTA Tax ReturnThe Form 2290 filing season is officially upon us, and I am sure you are well aware of the impending deadline. However, while you are focused on your Form 2290 due date, don’t forget about the IFTA fuel tax due on July 31! So to help you get this tax filed quickly, here is what you need to file your IFTA tax return online in a matter of minutes.

What You Need to File Your IFTA Tax Return

  • Total miles traveled per jurisdiction
  • The total amount of fuel purchased per jurisdiction
  • The total amount of fuel consumed per jurisdiction
  • The current tax rate per jurisdiction
  • The amount of tax paid per gallon of fuel per jurisdiction


Steps to E-File Your IFTA Quarterly Return

  1. Create ExpressTruckTax Account
  2. Enter Business Details
  3. Indicated Base Jurisdiction
  4. Enter Vehicle Details
  5. Miles & Fuel Records
  6. Generate Your IFTA Report
  7. File With Your Base Jurisdiction

When is the IFTA Due Date?

Your April through June second quarter fuel taxes are due to the IRS by July 31, 2018.
Quarter Periods
Reporting Period
Due Dates
1st Quarter
January -March
April 30
2nd Quarter
April - June
July 31
3rd Quarter
July - September
October 31
4th Quarter
October - December
January 31

Looking For an IFTA Software?

What You Need to File Your IFTA Tax Return
Well, you have come to the right place, my friend. ExpressTruckTax's sister product ExpressIFTA is full of innovative features to help you complete your IFTA quarterly fuel tax report. All you have to do to get started is create your free account, enter your business information, specify your base jurisdiction, enter your vehicle details, list your miles and fuel records, and generate your IFTA quarterly fuel tax report.

Say goodbye to the days of complicated calculations. ExpressIFTA's software will accurately calculate your IFTA fuel tax rates and IFTA tax based on the information provided. Never worry about over or underpaying again.

Plus, their built-in diagnostic error audit can be run on your reports to catch any fundamental filing errors based on your estimated miles per gallon. It will recognize when miles traveled aren't between adjacent states, and if you purchased fuel in a state you have not traveled in.




File Your IFTA Taxes Online





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Monday, April 30, 2018

Today is the 1st Quarter IFTA Deadline

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Yup, that’s right today, April 30th is the 1st quarter IFTA deadline. You will need to complete your IFTA return by midnight or you will have some major penalties to face. If this deadline snuck up on you and you’re wondering how you’ll ever make the deadline, don’t worry! We have your IFTA fuel tax solution.

Check out our awesome sister product, ExpressIFTA to easily handle all of your IFTA reporting needs online. You can quickly generate your IFTA report and use it to complete your return. Plus, we’re here to go over all the IFTA basics so you’ll be up to speed.

Today is the 1st Quarter IFTA Deadline

Before we drive headlong into today’s IFTA reporting deadline, let’s review the basics of what you need to know.

What is IFTA?

If you are asking yourself “What is IFTA?” then you are in worse shape than I expected. But don’t worry I got you. The International Fuel Tax Agreement, or IFTA, quarterly fuel tax report allows you to travel in all participating member jurisdictions with a single fuel tax license. To operate in two or more jurisdictions, you are required to have an IFTA sticker and license.

You receive your IFTA stickers and license through you base jurisdiction which is your home state or where your vehicle is registered. Your IFTA license needs to be renewed annually in December. When you hold an IFTA license, you are required to file an IFTA quarterly fuel tax report that shows and calculated how much fuel tax you owe (or are credited) to remain compliant.

In short, IFTA is used to report and determine the net tax refund that’s due and to redistribute taxes from collecting states to due states. This agreement is between the lower 48 United States and 10 Canadian provinces, this regulation was put into place to simplify fuel reporting by those who use qualified motor vehicles.


Your vehicle qualifies for IFTA reporting if:
  • Has two axles and a gross vehicle weight exceeding 26,00 pounds
  • Has two axles and a registered gross weight exceeding 26,000 pounds
  • Has three or more axles regardless of weight
  • Or has a combined weight exceeding 26,000 pounds

To complete your IFTA report you need to provide the following information:
  • The total miles traveled per jurisdiction
  • The total gallons of fuel consumed per jurisdiction
  • The total tax paid gallons of fuel purchased per jurisdiction, and 
  • The current tax rate per jurisdiction 

File Your IFTA Fuel Tax Report

Our sister product, ExpressIFTA, makes it easy to import all of your IFTA information online in one convenient location. Use your IFTA reports to automatically calculate all fo your IFTA totals with 100% accuracy.

Your IFTA fuel tax rates will be generated in an easy-to-read quarterly IFTA report that contains everything you need to complete your return. Instantly print, download, or email your information at any time.

Today is the deadline for filing IFTA!! If you fail to file before midnight today you could be looking at major penalties.



Start IFTA Report




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Thursday, April 26, 2018

What New Truckers Need To Know About IFTA Reporting

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If you are new to the trucking industry let me just say congratulations on earning your CDL and completing your driving training. We completely understand that team driving is not the easiest thing to get through. However, you’re not completely out of the woods yet.

You still have a lot to learn about the road and that will only come from being behind the wheel. But, you will also need to learn how to manage all of the required trucking taxes. Everything from Heavy Vehicle Use Tax, your IRP, and of course your IFTA quarterly fuel tax report. To help you get started here is what new truckers need to know about IFTA reporting.


What New Truckers Need To Know About IFTA Reporting

IFTA, or the International Fuel Tax Agreement, is an arrangement between 48 of the United States and 10 Canadian provinces to report fuel use by motor carriers that operate in more than one jurisdiction (state). The IFTA fuel tax redistributes fuel taxes equally among the jurisdictions.

To show you filed your IFTA return and pay the taxes owed by the deadline you will be issued an IFTA license and IFTA stickers. The license should be kept in your truck at all times and the IFTA stickers are displayed under your driver’s side window.


Vehicle Qualifications For IFTA Reporting

Your vehicle qualifies for IFTA reporting if it travels between more than one jurisdiction and:
  • Has two axles and a gross vehicle weight exceeding 26,000 pounds
  • Has two axles and a registered weight exceeding 26,000 pounds
  • Has a combination weight exceeding 26,000 pounds
  • Has three or more axles regardless of weight

IFTA Quarterly Fuel Tax Report Requirements

You are required to complete an IFTA report four times a year and file with your base jurisdiction (home state). Your base jurisdiction is where your qualifying vehicles are required to be registered and where your information is available in the event of an IFTA audit.

To complete your IFTA fuel tax return you will need to report:
    • The total miles traveled per jurisdiction including taxable and nontaxable, IFTA and non-IFTA, and trip permit miles
    • The total gallons of fuel consumed in each jurisdiction including taxable and nontaxable, IFTA, and trip permit miles
    • The number of gallons of fuel purchased per jurisdiction
    • The tax paid on each gallon of fuel purchased per jurisdiction
    • And the current tax rate per jurisdiction

File With The Best IFTA Software Available

If all of this information is slightly headache-inducing we totally understand. Which is why our sister product, ExpressIFTA makes IFTA reporting simple. Their IFTA software for reporting includes innovative features that let you upload your IFTA fuel tax information at your own pace. Upload your trip information as you go or all at once with each quick entry screen. You can even upload your miles from your fuel card.

Don’t worry about handling any complicated calculation yourself, because ExpressIFTA will automatically calculate IFTA fuel tax rates for you. And all of your information will be kept in an easy-to-read report that can be easily printed and used to complete your return.



File Your IFTA Return



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Tuesday, April 24, 2018

What You Need To Know About IFTA Reporting 2018

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truck driver can get on down the road now that he has filed his quarterly 2290 report
If you are a new owner-operator, we welcome you to the wonderful world of IFTA. You have probably heard through the grapevine that IFTA filing is...well... difficult and usually involves some expressive expletives. But it's really not that bad when you know where to go. Here is what you need to know about IFTA reporting 2018.

What You Need To Know About IFTA Reporting 2018

Before we dive into the filing your IFTA reporting, let’s go over some of the basics.

IFTA Fuel Tax Basics

The International Fuel Tax Agreement, or IFTA, quarterly fuel tax report allows you to travel in all participating member jurisdictions with a single fuel tax license. To operate in two or more member jurisdictions, you are required to have an IFTA sticker and license.

You receive your IFTA license through your base jurisdiction and you are given an IFTA sticker to put on your truck. Your IFTA license needs to be renewed annually in December. When you hold an IFTA license, you are required to file an IFTA quarterly fuel tax report that calculates how much fuel tax you owe (or are credited) to remain compliant.

Your vehicle qualifies for IFTA reporting if it:

  • Has two axles and a gross vehicle weight exceeding 26,00 pounds
  • Has two axles and a registered gross weight exceeding 26,000 pounds
  • Has three or more axles regardless of weight
  • Or has a combined weight exceeding 26,000 pounds


Filing Your IFTA Fuel Tax Form

Trucker is back on the road after filing his IFTA report with ExpressTruckTaxYour first quarter IFTA return is due in six days! Thankfully ExpressTruckTax has a sister product 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 at once with the bulk upload feature Also, you can import all of your mileage information directly from your GPS.

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

File Your IFTA Report Now



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