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Showing posts with label ifta deadline. Show all posts
Showing posts with label ifta deadline. Show all posts

Wednesday, January 31, 2018

It's Officially The 4th Quarter IFTA Deadline Day

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ExpressTruckTax users use ExpressIFTA for online IFTA reporting


Wait, what?! It’s IFTA time again already? How in the world is the January 31 4th quarter IFTA deadline here already? That means you need to complete your IFTA return by midnight or you will have some major penalties to face. If this deadline suck up on you and you’re wondering how you’ll ever make the deadline, don’t worry! We have your IFTA solution.

Check our awesome sister, 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.

It's Officially The 4th Quarter IFTA Deadline Day 

We will start with a little IFTA history. IFTA is the International Fuel Tax Agreement that was put in place by the lower 48 United States and 10 Canadian provinces to simplify fuel reporting by those who use qualified motor vehicles between two or more jurisdictions.

Before IFTA was put into place fuel reporting was a complicated mess. Each state had their own rules and regulations to comply with, now they all adhere to the quarterly IFTA return. IFTA is used to report and determine the net tax refund that’s due and to redistribute taxes from collecting states to due states.

Your vehicle qualifies for IFTA if it travels between two or more jurisdictions and:
  • Has two axles and a gross vehicle weight of 26,000 pounds or more 
  • Has two axles and a registered gross vehicle weight of 26,000 pounds or more 
  • Has three or more axles regardless of weight and/or 
  • Is used in combination when the combination exceeds 26,000 pounds or more in gross vehicle weight or registered gross vehicle weight. 
You actually have to apply for your IFTA license at first, then keep it in your cab at all times. Also, to comply with IFTA you will receive two IFTA decals that need to be placed on your driver door and file your IFTA returns four times a year.

In order to complete your IFTA return 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 

Preparing For IFTA With ExpressIFTA


ExprssIFTA makes it easy to import all of your IFTA information online in one convenient location. Everything you need will be easy to access in your free account. Plus, ExpressIFTA will use your IFTA records to automatically calculate all of your IFTA totals with 100% accuracy.
ExpressTruckTax knows ExpressIFTA is the best IFTA reporting software

Your IFTA totals will be generated in an easy-to-read quarterly IFTA report that contains everything you need to instantly complete your return. It can be downloaded, printed, and emailed to go wherever it needs to!

When it comes to importing your IFTA information you can go at your own pace. For example, you can keep detailed information per trip with the trip sheet entries or add all your information for the month with the quick sheet entries feature.

Or you can speed things up with the bulk upload feature, which allows you to upload all of your information at once. You can also import your mileage records directly from your GPS and ExpressIFTA even accepts ELD data.

There’s no easier way to prepare for IFTA. Don’t waste time working on complicated calculations when ExpressIFTA will instantly handle them all on your behalf. Time is running out, get started now to easily file IFTA before the deadline.

If you need any assistance please don’t hesitate to contact the live US-based ExpressTruckTax support team.
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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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Tuesday, October 31, 2017

Today Is The 3rd Quarter IFTA Deadline

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ExpressTruckTax promotes IFTA reporting with ExpressIFTA
Hey trucking nation, we are here with an important reminder! Your 3rd quarter IFTA return is due today, October 31st, by midnight. If you fail to file by the deadline then you will have some expensive IFTA penalties to deal with.

However, you don’t need to scramble around looking for a way to generate your IFTA report or spend hours working on your calculations, because ExpressIFTA is here to help. ExpressIFTA is a proud sister product of ExpressTruckTax and offers the market-leading IFTA reporting solution online to take the hassle out of generating your quarterly report. Check out how easy it is!

IFTA Reporting With ExpressIFTA


All you have to do is log in to ExpressIFTA with your ExpressTruckTax account for free. If you don’t have an ExpressTruckTax account then you can create your free ExpressIFTA account with your email address and personal password.

Next you will enter your business information, including the name, address, and EIN (Employer Identification Number). You will also enter your base jurisdiction, which is the state where your vehicle is registered and your vehicle information, including the VIN (Vehicle Identification Number).

After that you will enter your fuel and mileage records at your own pace for the current quarter. You can enter your totals per trip to keep extremely detailed information or enter your information per trip with the quick entry feature.

Or you can even upload all your information at once with an Excel or CSV file by using the bulk upload feature. You can even upload all of your distance records directly from your GPS.

Best of all, ExpressIFTA allows you to report your totals according to your personal preferences. For example, you can enter your distance information by miles traveled or odometer readings.
 
ExpressIFTA and ExpressTruckTax make truck taxes easy
Also, you don’t have to worry about handling any complicated calculations yourself, because ExpressIFTA automatically does all of it for you. All of your IFTA totals will be calculated with 100% accuracy based on the information you enter. This way you will always know how much fuel tax you owe, and you’ll never over or underpay the amount.

When you’re done entering all of your information for the quarter ExpressIFTA an internal audit check will be performed to catch any basic errors. For example, if you stated that you traveled between two nonadjacent states.

Then you can pay and generate your quarterly IFTA report. This report is easy to read and will clearly display all of your IFTA calculations. You can print it, email it, and use it to instantly complete your return.

Also, because ExpressIFTA knows that you need to store your IFTA information for four years for auditing purposes, all of your information will be stored in your account per quarter. It can be accessed at any time.

Contact A Truck Tax Expert


If you need any assistance the outstanding, US-based ExpressTruckTax support team is here to help. Give us a call Monday - Friday from 9 AM to 6 PM EST at 704.234.6005. You can also reach us via live chat and take advantage of our 24/7 email support at support@ExpressTruckTax.com.
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Wednesday, April 19, 2017

You Asked, We Answered: 6 Popular IFTA Questions

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Any time when taxes are involved things can get confusing. You have to when deadlines are, what materials are required to file, how to file, and more. With the 3rd quarter IFTA deadline quickly approaching on October 31st, we, the truck tax experts at ExpressTruckTax, decided to take it upon ourselves to be your resource guide, by answering common IFTA questions.

Popular IFTA Questions


When is IFTA Due?

IFTA is actually due four times a year, which is why your IFTA report is commonly referred to as your ‘quarterly IFTA report’. The IFTA deadlines are as follows:

1st Quarter - April 30th
2nd Quarter - July 31st
3rd Quarter - October 31st
4th Quarter - January 31st


It just so happens that this year the 1st quarter IFTA deadline falls on a weekend, Sunday, April 30th,  and when IFTA deadlines are on a weekend or federal holiday they’re pushed back to the next business day.

2. What exactly is IFTA?

IFTA is the International Fuel Tax Agreement and it is an agreement with the 48 contiguous states in the US and 10 Canadian provinces that's designed to simplify the fuel use reporting for qualifying motor carriers that operate in more than one jurisdiction (state).

Now you may be wondering what a qualifying motor vehicle is, so we will clear that up. A qualify motor vehicle is vehicle or combination of vehicles that are designed, used, or maintained for the transportation of property of people that have two axles and a gross vehicle weight over 26,000 pounds, two axles and a registered weight exceeding 26,000 pounds, three or more axles regardless of weight, or a combination weight exceeding 26,000 pounds.

3. I rarely travel outside of my jurisdiction, do I need an IFTA license?

You don’t necessarily need an IFTA permit, but you will need a temporary fuel permit, which allows qualifying vehicles without IFTA credentials to temporarily travel in their intended state. To get your temporary permit contact a DMV in the state you will be traveling in. You will need to provide them with information such as your VIN, vehicle model, and more.

Each state has their own temporary trip permit regulations. Some offer temporary permits with varying prices and lengths of time, so you may purchase the one the best suits your travel needs.

4. How do I prove that I Filed my IFTA Report?

You will receive a copy of your IFTA license on an annual basis as long as you file your quarterly reports. Keep a copy of your license in your office and in your qualifying vehicles at all times.

Also, you will have two IFTA decals to display on your truck. It’s best to keep them clearly displayed under the window on your driver door.

When you travel without your IFTA license or decals, you will be subject to receiving a fine and you may have to purchase a temporary permit, or both.

5. What Happens if my IFTA Return is Late?

If your IFTA Return is late, or you fail to file, your base jurisdiction may give you a penalty of $50 or 10% of the taxes owed, depending on which is greater. Also, your base jurisdiction reserves the right to impose additional penalties based on their laws.

Plus, your base jurisdiction will assess the amount of unpaid taxes you owe to each jurisdiction and interest will accrue on that amount at a rate of 1% per month.

6. What do I Need to Complete my IFTA Report?

You will need the following information to complete your IFTA return:

The total miles taxable and nontaxable, traveled by all the licensee's qualified motor vehicles per jurisdiction. This includes IFTA and non-IFTA miles, and trip permit miles.

The total gallons of fuel consumed by the licensee's qualified motor vehicles per jurisdiction, including taxable and nontaxable, IFTA, and non-IFTA.

The taxable gallons used and purchased per jurisdiction.

And the current tax rate per jurisdiction.

Do You Have More Questions?


Well then ask us! We’re IFTA experts, and we’re here to help. Feel free to contact our dedicated support team with any questions that you may have. We’re available Monday - Friday from 9 AM to 6 PM EST at 704.234.6005. We’re also available via live chat and offer 24/7 email support at support@expresstrucktax.com
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Wednesday, April 12, 2017

Are You Prepared For These Tax Deadlines?

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How are things going? We know it’s a busy time since business picks up in the spring. Plus, you’re really focusing on driving carefully due to all the crazy storms that are popping because of unpredictable April weather. On top of all that, tax season is here!

Luckily you have ExpressTruckTax here to help out in any way we can by providing you with a simple way to quickly e-file your HVUT, calculate your IFTA totals, and inform you about upcoming tax deadlines. So, let’s take a look at what’s coming up.

Upcoming Tax Deadlines


Watch out, at the end of the month your first quarter IFTA report is due! The deadline falls on April 30th, which is a Sunday. Since the deadline falls on a weekend day, the actual IFTA deadline is on the next business day, Monday, May 1st. That gives you the entire weekend to calculate your IFTA totals!

But who wants to spend their weekend calculating when they could be relaxing and watching the game? That’s why we’ve made it extremely easy to quickly calculate and keep track of everything you need for your IFTA totals.

You can use the quick entry screen to keep up with your odometer readings, quickly calculate your totals with our fuel tax calculator app, keep up with your miles per jurisdiction with our trip sheets, and more.

Your HVUT is due annually on August 31st, so you may feel a little more relaxed about that deadline since you have all summer to file your 2290. However, if you have a new truck or new to you truck then your HVUT is due the last day of the month after your first used month. Meaning if you first use your new vehicle in April then your 2290 is due by May 31st.

ExpressTruckTax is the market leading HVUT solution because we’ve simplified the e-filing process to help you fill out your Form 2290 and receive your stamped Schedule 1 in a matter of minutes.

Our step-by-step guide will help you instantly complete your 2290, and our 2290 calculator will help you accurately calculate how much you owe. Plus, your vehicle information will be saved for next time, and we offer free VIN corrections. After you’ve transmitted your 2290 to the IRS you’ll quickly receive a copy of your stamped Schedule 1 via email.

All of that stuff is great for your truck taxes, but what about your personal taxes?! The Income Tax Return Deadline is quickly approaching April 18th! We understand that while you’re busy out on the road it can be difficult to gather all the information necessary to file.

That’s why we have your personal tax filing solution. Simply head to our sister company, ExpressExtension, to e-file Personal Tax Extension Form 4868. IRS Form 4868 is for individual and joint taxpayers to apply for an additional 6-months to file their personal income tax returns.

The process is easy, you spend a few minutes filling out Form 4868 and transmit it to the IRS by the April 18th deadline to instantly receive 6 extra months to file your return, pushing your deadline back to October 16th. Visit ExpressExtension.com for more information.

If you need to file while out on the road, no problem. Simply download the free 4868 app to your smartphone or tablet to file 1040 extension online at any time from any location.

Contact Us


Tax time is a busy time and it can also be a confusing time. That’s why the dedicated ExpressTruckTax team is standing by to help. We will be more than happy to assist you with any questions that you may have. Call us anytime Monday - Friday from 9 AM to 6 PM EST at 704.234.6005, live chat with us, or take advantage of our 24/7 email support at support@expresstrucktax.com.
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Tuesday, January 31, 2017

Your 4th Quarter IFTA Report Is Due Today

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Don’t hit the breaks, but tax season is here! Most likely IFTA is on your mind since you have to file an IFTA report four times a year. However, these deadlines can definitely sneak up on you, so here is your official reminder that your 4th quarter IFTA tax return is due by January 31st! Also, we don’t want IFTA to be in the back of your mind, so we're gonna tell you all about it to make you an IFTA pro!

All About IFTA


IFTA stands for the International Fuel Tax Agreement and it is the agreement between the 48 connected states of the USA, states of Mexico, and the Canadian provinces to report on the fuel used by motor carriers or large vehicles operating in more than one jurisdiction (state).

Under IFTA carriers file quarterly fuel tax reports to figure out precisely the net tax or refund due to redistribute taxes from collecting jurisdictions that are due.

If you were to find yourself operating in Hawaii, Alaska, or the Canadian territories then you wouldn’t have to worry about IFTA.

Qualifying vehicles for IFTA include vehicles that are designed to transport people or property that has three or more axles, has a gross weight of 26,000 pounds or is used in a combination registered gross vehicles of 26,00 pounds or more. Basically, it refers to big heavy vehicles that frequent the interstate systems.

Fun fact, recreational vehicles are actually not subject to IFTA.

Every year you’ll need to renew your IFTA decals and licenses by December 31st. You’ll receive two decals that should be clearly displayed under your window on your driver’s side door. If you file your IFTA reports quarterly then the permits will stay up to date. They also help prove that you have complied with IFTA.

Well heck, what if you don’t usually travel outside of your state? Do you still have to deal with all this IFTA stuff? A little bit. You can get temporary IFTA permits from that state’s DMV office. Each state has their own temporary IFTA regulations. 

Before IFTA was put into place each state had their own fuel tax system and their own tax permits. This made carriers that frequently traveled through different jurisdictions suffer a lot of headaches. Trust us, IFTA is a much easier way to handle fuel taxes!

Now when it comes to filing your IFTA report you need a record of a few different things:

- Your total miles include the taxable and nontaxable ones for all of your jurisdictions traveled.
- Your total gallons of fuel consumed per jurisdiction.
- Your total amount of fuel taxes paid per jurisdiction.
- And the current tax rate per jurisdiction.

Now don’t let all this information and record keeping intimidate you. ExpressTruckTax is here to help. 

Calculating IFTA With ExpressTruckTax


ExpressTruckTax as an accurate fuel tax calculator to help you quickly calculate your fuel tax per jurisdiction, as well as a quick entry screen for all of your odometer readings. You can quickly update this sheet as you go, or all at once depending on your preferred method.

Also, ExpressTruckTax makes it easy to maintain your trip sheets and fuel records, and will automatically calculate your IFTA return from your trips sheets. This way you won’t have the hassle of calculating these numbers yourself.

With ExpressTruckTax’s error diagnostic report your return will be scanned for errors, so you can be aware of any corrections that need to be made before your file your IFTA return. This will help you and your company avoid being audited.

Plus, we are here to help every step of the way. Please don’t hesitate to contact the ExpressTruckTax support team via phone, email, or live chat with any questions that you may have!
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Monday, October 31, 2016

Today Is Your IFTA Deadline

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Today is Your IFTA Deadline
Today Is Your IFTA Deadline
Do you know what today is? Yeah, it’s that spooky time of year we all look forward to - Halloween - but it’s also the 3rd Quarter International Fuel Tax Agreement deadline!

That might sound scary, but don’t worry, we got you covered. With our cloud-based software, we’re the best option for generating your IFTA taxes online.

Just the Facts


Truckers who drive between IFTA member states need to have an IFTA decal (the one with your base jurisdiction) on your truck. If you’re a company driver, this might be taken care of for you, but for everyone else, today is the day to file your IFTA report.

If you can’t file today, you still have to file your IFTA report later. If you file late, you’re going to face IFTA penalties. In most IFTA member states, the penalty for late filing is a flat rate fee of $50 or 10% of the taxes due, depending on which is greater in value. Of course, in Nevada, the penalty for late filing is a $50 flat fee plus 10% of the taxes due.

Once you’re late,, you will be charged .4167% of the tax due every month until the tax amount is paid. Except for in Nevada, where you’re charged .4167% of the tax due every month, as well as an administrative late fee of $100 the first time, $500 the second time, $1000 the third time, $1500 the fourth time, $2000 the fifth time, and $2500 for every time after that.

The Deadlines Are When?


IFTA runs on a quarterly system, which means there are four deadlines throughout your tax year. The calendar of IFTA due dates are as follows:

  • Q1: January - March, due date of April 30
  • Q2: April - June, due date of July 31
  • Q3: July - September, due date of October 31
  • Q4: October - December, due date of January 31


What Should You Do?


If you’ve come across our blog, there’s a good chance you need to file an IFTA report. To do that, you’ll have to have your fuel logs, mileage records, and trip logs ready to go. Simply sign up for an ExpressIFTA account and within a few clicks and some quick entries, you’ll have the easiest IFTA quarterly return possible. Have questions? Call our customer support experts at 704.234.6005!


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E-file your HVUT Form 2290 with ExpressTruckTax.