Tag Archives: ifta

4th Quarter IFTA Fuel Taxes are Due Now

IFTA  Fuel Tax reporting for the 4th Quarter 2017, is due now and you need to report it with your base jurisdiction by Jan 31st, you have until Wednesday, January 31st to prevent late penalties.

IFTA Tax Filing is due now

Prepare IFTA Fuel Tax Returns Online!

TaxIFTA.com is a simple and easy to use website, helps you prepare and print your “Ready to File” pdf return, file it with your base jurisdiction in just minutes. This Self-Service website, enables to complete your Quarterly IFTA Tax returns in 3 simple steps. Accurate tax calculation by using the latest tax rates of all participating states. Continue reading

IFTA Zero return – A Brief Introduction

In life most of the important decisions are not made by us. So True, isn’t it? If you hold an IFTA license and do not report your IFTA on time you are liable for Penalties & Interests, this is a known fact. Another unknown fact is you need to file an IFTA report even if you have no taxable miles in that particular quarter. This is known as a “ZERO RETURN”. Continue reading

Inter State Truckers, 2016 Third Quarter IFTA is due NOW!

It is quite normal to forget things that we do only few times a year, but the consequences of forgetting such things can be big. Remember the last time you forgot your spouse’s birthday or your wedding anniversary & the consequences faced. Alright, now wipe off that grin look on your face and keep reading to know about a fast approaching Tax deadline that can put you in a deeper trouble. Continue reading

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

Get Your Taxes Calculated At TaxIFTA In Minutes

Hello IFTA filers, we know there are no mere due dates coming up in your calendar, however we are just getting you prepared for the next quarter. We know how tedious it gets when it comes to calculations. If you are preparing IFTA return manually, you need to check on the fuel tax rate, calculate with miles and the gallons applicable for the jurisdiction and pay the dues to your base jurisdiction.

As mentioned above, the workload for an IFTA filer is sufficient to keep them running around, excluding their deliveries. We duly understand that preparing IFTA manually is a difficult and errors are welcomed and thus, TaxIFTA.com took the initiative and developed an application with inbuilt talent, which can automatically calculate your dues once the information is provided.

Well, if you have never considered online filing, then its high time you consider it and try it yourself for feature-rich experience. It would not only ease up your task and provide you with the IFTA PDF in minutes, but also reduce your workload and you can breathe ease.

Here’s a small example about how calculations takes place at TaxIFTA.com.

Assume, you are driving on the roads of South Dakota and fill your fuel tank with 100 gallons of Diesel and you are moving towards North Dakota. Once you touch the road of North Dakota, you are pumping around 200 gallons of Diesel in your rig. You get your deliveries completed and now you are required to travel through Kansas. You are pumping another 120 gallons of Diesel in your rig. So for now, you have traveled through 3 jurisdictions.

Presume, your registered base jurisdiction is Minnesota; you need to prepare your IFTA return and submit the same to your base jurisdiction by the due date. If you are late, you are supposed to file penalty for the same.

Each jurisdictions have their own fuel tax rate and when you’re preparing your IFTA return manually, you need to check on the rates, calculated based on the miles and gallons consumed in that jurisdictions. However, if you prepare your IFTA return online, you need to mention the tax year you are filing for and the quarter. Pick your base jurisdiction you are registered with, share your vehicle number, TGW and the jurisdictions you have traveled. The application would also ask you about the fuel type, gallons of fuel consumed with the miles covered in that jurisdiction.

 So, while preparing IFTA return, you should file taxes for South Dakota, North Dakota and Kansas based on the gallons of diesel you pumped in each jurisdiction and the miles covered. Also, include the other jurisdictions you are traveled during that quarter in your IFTA form.

Once you complete filing these details, your tax dues would be calculated and displayed in front of you in seconds. Almost like a wink of your eye.

When things can be this simple for you, why should you opt for preparing your return yourself. The information you provided to prepare IFTA would be imprinted on the form and converted into a PDF, which is all set to be filed to your base jurisdiction.

Oh wait this is not the end. Other than providing you with well-equipped website, we also serve our tax filers with handpicked Tax Experts to assist you with your queries and serve you the best. For support, call us at 1-866-245-3918 or write to us @ support@taxexcise.com. Join hands with IFTA, you will not regret.

Time To Test Your IFTA Knowledge

IFTA, International Fuel Tax Agreement is an agreement between 48 lower states of the United States and Canadian provinces to simplify reporting fuel tax used by Motor carriers that are operating in one or more jurisdiction. Every IFTA filer should enclose an IFTA license and decal for each qualifying vehicle is operates for quarterly filing IFTA tax return, determining the net tax and refund through the form. However, today, we are going to check how familiar you are with IFTA. A part of your successful trucking company is dependent on your understanding of IFTA. Here’s the most common questions asked by the truck drivers about IFTA. Continue reading

Prepare Your First Quarter IFTA Return Online Via TaxIFTA.com

Serving the nation is a noble job and truckers are indeed doing a fair job. However, that is not enough. Making deliveries and sharing a word of concern with your co-traveler is not nobility. Owning an IFTA license, paying your IFTA, and maintaining the trip sheet are included in the list of obligations. So if you are traveling through 48 jurisdictions listed under the agreement, you are liable to pay International Fuel Tax to your base jurisdiction on or before April 30th 2014. So what are you waiting for? Join hands with TaxIFTA.com and prepare your return online. We will help you in an error free preparation of 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

Are You Looking For Clear Explanation On IFTA Jargons? We Will Help You

Hello IFTA filers, welcome to our blog. With the IFTA due date right around the corner, we would like to pass on a gentle reminder for all IFTA filers. The due date is just 3 weeks away, 30th April 2014 is the date to file your IFTA return for the first quarter of 2014. The method you choose is absolutely your call, however, we give you a chance to prepare your IFTA return online, eliminating the errors and making it time efficient. 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