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 2019.
What You Need To Know About IFTA Reporting 2019
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
Your first quarter IFTA return is due April 30th! 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.