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Showing posts with label ifta fuel tax. Show all posts
Showing posts with label ifta fuel tax. Show all posts

Tuesday, October 9, 2018

Everything You Need to Know About Reefer Fuel Regarding IFTA?

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Everything You Need to Know About Reefer Fuel Regarding IFTA?
Personally, I'm a big believer in being prepared for anything and coincidence truckers are the same way. You never know what can happen, so it's always best to be ready. When it comes to the International Fuel Tax Agreement, you can never be too prepared, and the learning never ends. The rules governing IFTA are a bit lengthy, and every single state is different, but don't let that stress you out. IFTA is a lot easier when it is broken down, so let's go over everything you need to know about reefer fuel regarding IFTA.

What is Reefer Fuel?

First of all, reefer fuel is NOT included when filing IFTA when it is used to power the refrigeration unit of the trailer. You should always purchase reefer fuel on a separate fuel receipt.

Never pump reefer fuel on the same fuel receipt when fueling your power unit. This will lower your MPG and cost you more IFTA fuel tax. Also, if you are selected for an IFTA audit, and it is discovered that you combined reefer fuel into your power unit file, you will be penalized and incur added interest on your IFTA audit.

IFTA & Reefer Fuel

You are entitled to a federal tax refund on each gallon of reefer fuel. You will need the total number of gallons of reefer fuel purchased during the tax year to complete the refund form. The IRS will send you a check for the federal tax paid on each gallon of fuel. If you failed to file for this refund, you could file back for the past three years to claim your refund.


Everything You Need to Know About Reefer Fuel Regarding IFTA?You will want to check with your base jurisdiction to see how they handle reefer fuel. In Maryland, for example, if you only have one tank that propels your vehicle and runs the refrigeration unit, then all fuel is included in IFTA. If you have two separate containers, you need to fuel separately and make sure reefer is marked on the receipt. Do not add the reefer fuel on IFTA and you will able to get a refund by filing a claim.

So if you are operating an IFTA “Qualified Motor Vehicle” with a reefer unit, make sure to have the reefer fuel on a separate receipt and don’t include reefer duel on your IFTA return.

Generate Your IFTA Tax Report Today!

Our 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 that day 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 our estimated miles per gallon. It will recognize when miles traveled aren’t between adjacent states, and if you purchase fuel in a state you have not traveled in.



File Your IFTA Taxes Online






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Tuesday, July 31, 2018

Today is the 2nd Quarter IFTA Deadline

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Truck back on the road after filing their IFTA Fuel Tax Report
Yup, that’s right. Today, July 31st, is the 2nd 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.

ExpressTruckTax can 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 2nd 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

ExpressTruckTax makes it easy to import all of your IFTA information online in one convenient location. Use your IFTA reports to automatically calculate all of 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.





Today is the 2nd Quarter IFTA Deadline





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Thursday, July 26, 2018

This Free IFTA Tax Calculator Will Blow Your Mind

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Owner operator back on the road after filing his IFTA fuel taxI don’t know about you, but it feels like we just filed and paid the IFTA fuel tax. Oh, how the time flies! Because unfortunately, the next IFTA deadline is right around the corner.Your second quarter IFTA report is due Tuesday, July 31st! If you need to file your federal fuel tax report you have come to the right place–– here’s how we can help. 
 

This Free IFTA Tax Calculator Will Blow Your Mind

So you're looking for a free IFTA Tax calculator? You might find some labeled as “free” but are they?

Well, one of our goals at ExpressTruckTax is to take the hassle out of filing your taxes. One of the many ways we achieve this is by providing you with a completely free IFTA mileage calculator app. Download the app to your smartphone or tablet and calculate your IFTA fuel tax in a matter of seconds, no matter where you are.

IFTA Mileage Calculator Instructions:

1. Select your Base Jurisdiction
2. Select your IFTA Quarter & Fuel Type
3. Enter the Miles Traveled & Fuel Purchased per state

Now you can sit back and relax as the IFTA tax calculator app handles all of the complicated federal fuel tax calculators for you. Your total miles, gallons, and miles per gallon will be displayed along with the amount of IFTA fuel tax you owe.

You can then email this IFTA tax report to yourself or any recipients by entering any email address and clicking send.

How to File Your IFTA Fuel Tax?


professional truck driver can get back on the road and calculate his IFTA fuel tax using ExpressTruckTax free IFTA tax calculator
ExpressTruckTax not only helps you file your HVUT Form 2290, but also your IFTA return. Our IFTA online filing solution is full of innovative features that help you complete your return. All you have to do to get started is create your free account, and you only pay when you transmit your IFTA return.

If you need any assistance along the way, our dedicated ExpressTruckTax US-based support team is available via phone, live chat, and email.








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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, 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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