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.
The very first question among the lot is who should file.
If you are an interstate motor carrier operator, qualified as motor vehicle and at least traveled 2 member jurisdictions among the 48 contiguous states of the US and 10 Canadian provinces, should file International Fuel Tax Agreement (IFTA). It is mandatory to hold an IFTA license and decals issued by their base jurisdiction.
So if you have traveled through any of the jurisdictions during this quarter of the year, i.e. July-September, you are liable to report IFTA. And if you don’t have no miles covered in any of the jurisdiction, you are liable to file IFTA checking on “No Operations” in your IFTA form.
What Are The Documents Required To File IFTA?
Well, while getting ready for filing IFTA, the following are the documents required to file and pay your dues.
- Total miles, taxable and nontaxable, traveled by the licensee’s qualified motor vehicles in all jurisdictions, IFTA and non-IFTA, including trip permit miles
- Total gallons of fuel consumed, taxable and nontaxable
- Total miles and taxable miles traveled in each member jurisdiction
- Taxable gallons consumed in each member jurisdiction
- Tax-paid gallons purchased in each member jurisdiction and
- Current tax rates for each member jurisdiction.
IFTA tax calculations are done based on the gallons you have used and the miles you have covered by the end of the fiscal quarter and the payment should be filed to the base jurisdiction by October 31st for the third quarter.
How To Prepare IFTA Return?
If you are wondering how you do get your IFTA prepared when you have the least time in hand? Don’t worry, TaxIFTA.com is one of the most authentic service provider, which is ranked as the best among the users. Features include Tax Calculator is a add on when you come over to prepare your IFTA return online. We know how chaotic and time consuming it gets when it comes to IFTA filing and that is why, the online preparation comes in handy. You don’t have to move tabs to tabs ensuring you don’t go wrong somewhere.
Just log into TaxIFTA.com and select the tax year you want to file for, select the quarter you are filing and pick your base jurisdiction you have registered. Share your vehicle identification number, taxable gross weight, the jurisdictions you have traveled, fuel type and gallons of fuels consumed in that quarter including the miles you have covered for the application to calculate your dues. The application would calculate the fuel tax you owe and get it imprinted in your IFTA form.
Your IFTA PDF is all set to be filed to your based jurisdiction.
Other than supporting you with well-equipped, authentic application to prepare your tax return, we have handpicked Tax Experts to assist you with your queries and solve the mystery puzzle of tax preparation. So get in touch with us for support @ 1-866-245-3918 or shoot an email to support@taxexcise.com. We have sustained the battle of competition in order to serve you with the best and authentic services to prepare your IFTA return. We are here to calculate it for you; all we need is your support.