Category Archives: ifta

The Benefits of Preparing your IFTA return with TaxIFTA.com

IFTA returns are filed Four times a year, preparing them by yourself and submitting them without any errors to your respective Base jurisdiction is close to impossible as it is filled with complicated calculations and unsolved tax jargon’s which most of us do not understand. www.taxifta.com , a product of Think Trade Inc was launched for your assistance in preparing your IFTA return online.  Whether you’re new to TaxIFTA.com or have been filing with us for years, keep reading and we’ll tell you all about the benefits of our program and how easy it is to prepare your IFTA return with the industry leader.

Benefits: Continue reading

Required Details of Fuel records to Report IFTA

Complete fuel records of all motor fuel purchased, received, and used in the conduct of its business must be maintained. Separate totals must be compiled for each motor fuel type and retail fuel purchases and bulk fuel purchases are to be accounted for separately. Continue reading

IFTA Q3 Returns Are Due By October 31st 2015

Just like last quarter, you have to report your IFTA returns this quarter too. It is common for all IFTA Licensees to submit fuel tax reports every quarter of the year. The third reporting quarter for IFTA returns (July to September) is due on October 31st 2015. You have time till October 31st 2015 to prepare your IFTA returns, and get it post marked to avoid penalties & interests as will be considered as “Filed on time”.

Details Required for Online IFTA Preparation: Continue reading

What To Do With Your IFTA When You Have Not Driven Your Vehicle Last Quarter?

It is mandatory for IFTA license and decal holder to file IFTA each quarter without fail. However, there is one question, which keeps coming to us. “What if I didn’t run during the quarter, do I still have to file IFTA?”

Well, there are many things you need to keep in mind while you having a valid IFTA license and decal. We will explain you all of it! Keep reading to know and understand how it works. Continue reading

Records To Be Maintained While Filing IFTA

So filers, how are you doing today? Today’s blog topic is about the records to be maintained to file IFTA. Before we start, let’s brush up the basics about IFTA.

What is IFTA?

IFTA is a quarterly tax paid by motor carrier owners having IFTA license and operating their vehicles from one state to another. IFTA is filed on quarterly basis that implies each taxpayer to file and pay IFTA return on time. However, with the moving time, online service providers like TaxIFTA.com is providing an opportunity to filers to come online and prepare their return, from anywhere, anytime. Continue reading

Get Your IFTA Form Mailed To Your Base Jurisdictions By 31st October

So filers, are you set to go with your IFTA filing? Well, we are here to remind you about the IFTA 3rd quarter due date that is falling on 31st of October 2014. So truckers, owner operators and qualified motor carriers who commute through the 48 jurisdictions with their IFTA license and a decal on their truck are required to file and pay their dues to their base jurisdiction on or before the due date. 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

Basics Of IFTA- Part-1

Welcome back filers, it’s been a long week here at our end. How is your week treating you? Hope you are driving safe and fine on the highway. We have been receiving calls asking for more information about IFTA and that is why, this blog is dedicated to those who are new to filing taxes or preparing IFTA. Hope and trust we clear your queries. Additionally, we would like to divide the blog into two major parts for better understanding of IFTA. So stick around for a while and get a clear idea about IFTA. Continue reading

Q2 IFTA Preparation with TaxIFTA.com

Welcome to TaxIFTA.com. After a long break, we are here to for a new blog post sending in reminders to IFTA filers to file their IFTA return for the second quarter. If you are one among the commuters traveling in the 48 jurisdictions during the second quarter of the year with an IFTA license and a decal on your truck, you are liable to report IFTA to your base jurisdiction. However, do note, if you don’t have any miles to report or no miles covered in the jurisdictions, you are liable to file IFTA checking on “No Operations” in your IFTA form. This will indicate you don’t have to pay any dues, however, you are keeping the base jurisdiction informed about the same.

IFTA due date falls on July 31st 2014, which means you have only 9 days in hand to prepare your return online and send it across to your base jurisdiction.

Now the very important question how IFTA tax calculated.

Well, this is the most aspect of IFTA. The calculations is based on the miles covered by the vehicle and the gallons of fuels used on the roads of the jurisdiction during that quarter. Assume, you have filed your gas tank with 200 gallons of Diesel at Oklahoma City and you are driving down to Kansas. As you reach there, you pump in another 100 gallons of Diesel. And you are moving towards South Dakota. So when you are preparing IFTA return, you need to pay taxes based on the fuel tax rate fixed at Kansas, Oklahoma and South Dakota based on the miles you have traveled. Do note, if you have pumped fuel during the quarter in any other jurisdiction, you need to mention the same in the return.

Now you have all the information handy, all you need to do is come to TaxIFTA.com and fill in the details requested by the application. You will notice the calculation is done automatically yet, accurately. You really don’t have to bother running tabs to tabs, checking out the tax rate offered by each state you traveled. Our application would take care of that, leaving you with very less work to do. And that stands as the major advantage to prepare IFTA online.

Once you complete the procedure of filing online, your PDF is all ready to be printed and submitted to your base jurisdiction.

Other than supporting taxpayers with well-equipped and authentic service application to prepare your IFTA online, we have a set of Tax Experts online to assist you with your queries any time of the day. Simply reach us @ @ 1-866-245-3918 or shoot an email to support@taxexcise.com. We are here to assist you and serve you every benefit you deserve to win.