IFTA Penalties for Late & Not filing

Filing your IFTA return on time is very important and TaxIFTA.com is dedicated in helping you Prepare your IFTA return online. Filling out any paper work for taxes manually is not that easy as we all think, especially when it involves a lot of calculations mostly in cents. IFTA penalty is one thing that most taxpayers have no idea about. 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 →

IFTA Is Due By July 31st For The Second Quarter

So filers, we are coming to an end of the 2st quarter for IFTA and this month end is the due to file and report your IFTA tax to your individual jurisdiction. We are going to share crucial information about IFTA return and deadlines, which will help you this quarter and many other quarter coming your way. And this session will serve you with little tit bits that you would need throughout the year when you prepare your tax return with TaxIFTA.com. Continue reading →

What Are The Aftermath Of Missing Out The Last Date To File IFTA?

Welcome back filers, today we are going to talk about aftermath of the due date set by the jurisdiction to report IFTA to the base jurisdiction on or before the quarterly due date. As we all know, it is mandatory to file and report IFTA by the due date, however, there are times, when you really don’t file on time and penalties come your way. That is what we are going to talk today! Continue reading →

IFTA Claims And Refunds for Earlier Filed IFTA returns

We have no idea when did trucking started or how, but till date, trucking is one of the profession that is highly paid and demanded job in the nation. Previously, truckers had to buy fuel from each state while they were traveling and the tax part was not introduced yet. However, with the time and technology, IFTA (International Fuel Tax Agreement) was initiated among the 48 jurisdictions and Canadian provinces in order to simplify the reporting of fuel used by each motor carrier in the jurisdictions. Also, truckers who are liable to report tax through IFTA, should possess an IFTA license and a decal to report IFTA each quarter. Continue reading →