Category Archives: ifta preparer

2nd Quarter IFTA Tax is Due this July 31

The IFTA – International Fuel Tax Agreement Returns which is a quarterly returns is now due for the 2nd quarter of 2017 (April to June) by this July 31. This quarterly IFTA fuel taxes are filed with your base Jurisdiction based on the type of fuel the tax rates differ. Continue reading

Tidbits About IFTA

So filers, how’re you doing? We are in the third quarter of the calendar year and this October end would be the last date for reporting IFTA to your base jurisdiction. Today, we are going to discuss IFTA in general for better understanding.

So Let’s Get Started, What Is IFTA? Continue reading

Prepare Your IFTA Return Online For The First Quarter By April 30th

Welcome filers, a very warm welcome to our blog. Each week when we come up with a topic to write on, we think every aspect related to you and ensure our blog is interesting enough for you all to read through. Today, however, we are here with updates rather than mere information. Yes, you read it right. The update is for truckers, owner operators, and qualified motor carriers, who commute through the 48 jurisdictions with their IFTA license and a decal on their truck. IFTA due date is falling on April 30th, which means you have exactly 9 days in hand to prepare and paper file your return to your base jurisdiction. Continue reading

Fix These Common IFTA Fuel Tax Mistakes for Safer Filing

A big welcome to our blog, IFTA filers. As carriers, you would be navigating through the roads all the time, but when it comes to navigating your IFTA fuel tax liabilities, we always tend to take the wrong turn.

Over the years, we have noticed that the tedious paper work and regulations are hard on you, and keeping them up is another task in hand. However, today we would speak about the most common errors committed by our filers when it comes to IFTA fuel tax reporting: Continue reading

Specifications Dealing With Truck Trip & Fuel Permit

Welcome back to our blog truckers. We’re glad that we are able to serve you with information and our knowledge sharing sessions is going viral now. In our previous blog, we had shared Permits And Taxes to Establish Your Trucking Business and today we’re up with requirements dealing with truck and fuel permits. Interesting, isn’t it?

We all know, commercial carriers must register in their base jurisdiction and complete quarterly forms to comply with IFTA(International Fuel Tax Agreement). You as a trucker need to also track all miles and fuel purchases done in each jurisdiction and these states receives a reimbursement for the fuel taxes. These carriers also register an appointed tag in their base state for each state they travel through and the money is distributed in the states, paying the road use taxes.

However, not every time you have a registered note or an appointed tag, you need to own a temporary permit from the state to travel in it. So here are the requirements you need to remember to gain truck trip and fuel permit. Continue reading

What is International Registration Plan?

The International Registration Plan or IRP is the method of registering fleets of vehicles that have been traveling in two or more member jurisdictions. All states (except Alaska and Hawaii), Washington D.C., and Canadian provinces (except Northwestern Territories, Nunavut and Yukon) are members of the plan. However, people who have qualified motor vehicles are subjected to IRP licensing, reporting and record-keeping requirements until and unless the vehicle is exempt or trip permit has been acquired. Continue reading

File IFTA for the Third Quarter Before October 31st

Being a trucker, many things come along. Paying IFTA taxes is one. This October 31st is the due date for filing your IFTA return for the third quarter. So truckers, get your documents ready, filing is not too far. Continue reading

Oil Filters To Keep Your Engine Healthy

Oil filter in automobiles are located on the side of the engine blocks, occupying the lower and the larger part of the engine. The oil pump circulates the oil in and across the engine and is passed through filters as large particles present in oil should not get in contact with the engine. It would eventually damage the engine if circulated freely. Continue reading

Improve Fuel Efficiency With Trailer Skirts

Fuel efficiency is important and essential as that counts as a major business expense. Trucking companies face large fuel bills and have raises their rates to meet their rising cost of fuel. However, by attaching a trailer skirt at the bottom, front or the side of the semi-truck box trailers, it can surely help you in reducing the cost of fuels. It all works by the drag created while the truck and trailer moves down the road. Continue reading

Important Records IFTA Tax Filers Should Maintain

IFTA is a quarterly tax paid by motor carrier owners having IFTA license and operating their vehicles from one state to another. Due on April 30th for the first quarter, It is important for motor carrier owners to pay their IFTA return on time and doing through an online service provider like TaxIFTA.com can help them prepare IFTA returns from anywhere and anytime. However, this fuel tax filers should make sure their records are accurate and safe to help them during an audit. Additionally, it has been clearly stated in the ‘IFTA Procedural Manual’ that IFTA filers need to maintain their mileage and fuel records properly. Besides, the International Registration Plan (IRP) and International Fuel Tax Agreement require the records for appropriate distribution of tax to the various jurisdictions. Read on to know more.

Records IFTA Filers should keep:

As mentioned, IFTA filers should keep a track of the complete mileage traveled for every vehicle used by him or her on the road. In addition, the information available in the records should be authentic to avoid any problems during an IFTA audit. The important records that tax filers should have are:

  • The Accurate Motor Carrier Name.
  • The Right Vehicle Number.
  • Accurate Vehicle Identification Number or VIN.
  • The distance traveled by the vehicle.
  • Complete details of the start and end date of every trip.
  • The origin and destination of every trip.
  • The pick-up and delivery destinations of the vehicle.
  • Details of the places where fuel was filled.
  • The travelling routes.
  • Total mileage used on the American states and Canadian provinces.
  • Total trip distance covered by the vehicles.
  • Original fuel invoices, which should include the date, customer name, seller name, gallons of fuels used, type of fuel, tax paid, and finally the OEN or VIN.

According to the International Fuel Tax Agreement , the records should be kept for four years from the time the tax return was filed or it was due. It is important for tax filers to know that the record keeping requirements might differ from one state to another. Therefore, tax filers are advised to gather the complete information to avoid mistakes. Similarly, as it is essential to maintain the records to avoid any hassles, filing IFTA on time can help tax filers avoid penalties and interests. TaxIFTA.com helps you prepare your IFTA tax accurately and without much difficulty. Take a step ahead by preparing your IFTA return online with a single click of a mouse.