It is July, the month that every trucker would remember as their vehicle registration renewal come up. You would be busy doing your Federal Heavy Highway Vehicle Use Tax reporting. Along with this HVUT returns, IFTA Fuel Use Tax is also due this July 31. IFTA the quarterly tax for the 2nd quarter falls due now and July 31 is the deadline to report it.

IFTA Fuel Use Tax can be prepared online at TaxExcise in 3 simple steps, accurate tax math and easy steps. Every quarterly ends this IFTA fuel tax reporting also falls due and need to start working with your bills to get it prepared.

The IFTA license offers several benefits to the interstate/inter-jurisdictional motor carrier. These benefits include one license, one set of decals, one quarterly fuel tax report that reflects the net tax or refund due. These advantages result in cost and time savings for the carrier and the member jurisdictions

An interstate motor carrier operating “qualified motor vehicles” between at least 2 member jurisdictions (The 48 contiguous states of the US and 10 Canadian provinces) must have an International Fuel Tax Agreement (IFTA) license and decals issued by their base jurisdiction. If you have the IFTA license, you must file the Quarterly IFTA Return to your base jurisdiction.

An operating carrier with IFTA receives an IFTA license and one decal for each qualifying vehicle it operates. You are required to submit a quarterly IFTA Fuel Tax return if you have a motor vehicle registered with a gross weight of 26,001 pounds or more and registered with apportioned plates. Filing your Quarterly IFTA tax return is a must even if you haven’t operated your motor vehicle

Preparing your Quarterly IFTA Tax return online saves you a lot of time, automates math calculation and simple, cost effective system to keep your focus on the road not paperwork.

IFTA Tax Preparation is Easy and Simple at TaxIFTA.com!