ExpressTruckTax is working with TruckLogics to ensure that you won’t miss the IFTA deadline this quarter. With TruckLogics you are able to not only manage your trucking business but also create your IFTA report.
TruckLogics for IFTA Reporting
TruckLogics guarantees the same file-ready reports that you already are familiar with from ExpressIFTA. While TruckLogics is an all-in-one trucking management software solution with many features like creating dispatches, keeping track of expenses, maintenance, and even paying drivers, its IFTA report capability is one of its defining features.
In order to start creating your report, you will need to have your fuel up and mileage information handy. You then need to set up an account with TruckLogics.
Once you create an account, click on the Dispatches tab.
From there you will select New Dispatch.
Select “Create Dispatch without Referring the Loads” to create a quick dispatch.
Once you create the dispatch and enter your miles for the quarter you will click on the expenses tab.
From there you will click Add Fuel Expense and enter your fuel expenses.
Once they are added you will click on the IFTA tab.
From here you will generate an IFTA report for the appropriate quarter.
For a more in-depth look at the IFTA reporting process using TruckLogics, check out the video tutorial below.
We hope you will love creating your IFTA report with TruckLogics. What are you waiting for? Start creating your report today! The deadline to file for this quarter is approaching fast!
Last week, the FMCSA temporarily suspended HOS rules for truckers hauling essential supplies and providing direct assistance to relief efforts for the Coronavirus.
Now, as more and more people are working from home in an effort to stop the spread of COVID-19, many government offices like the DMV are shutting down.
So many states have no way of verifying or keeping track of trucking registration like IFTA and IRP and truckers have no way of renewing their licenses.
To ease this tension in the midst of the COVID-19 outbreak, many states are waiving or suspending some or all of the registration requirements for IFTA and IRP.
This does not mean that all regulations are null and void, however. Most states have also asked that you carry a copy of a waiver (most of which are linked below) with you while you travel in their borders.
*It is your responsibility to read the full explanation provided by state governments before you attempt any travel.*
Below is a full breakdown of every exemption, extension, and suspension we could find.
IRP registrants with fleets expiring in March are extended until May 15, 2020.
90-day IFTA extension can be applied for by completing a waiver if you or a relative you are caring for is sick with COVID-19. Waiver available at: CDTFA.ca.gov
IRP registration enforcement suspended until April, 18.
90-day IFTA extension can be applied for by completing a waiver if you or a relative you are caring for is sick with COVID-19. Waiver available at: Colorado.gov/tax.
IRP registration deadlines are delayed in Iowa for all commercial vehicles until April 16, 2020.
IRP and IFTA requirements for any commercial vehicles traveling through the state of Iowa to provide direct COVID-19 assistance are waived until April 30, 2020.
IRP trip permit requirements for trucks traveling through Kansas have been suspended for trucks operating in association with disaster assistance until further notice.
Registration requirements for Kansas IRP vehicles providing disaster relief is extended until May 15, 2020.
IRP and IFTA registrations expiring March through May 2020 are extended until May 31, 2020. Temporary IRP and IFTA requirements are waived for vehicles traveling through New Jersey for relief efforts.
IRP registration enforcement suspended for expiration dates on after March 20, 2020. IRP and IFTA enforcement also suspended for trucks traveling through the state as a part of emergency relief.
Being a trucker isn’t easy. It seems like everyone on the road thinks you’re in their way, and yet the demand for delivered goods just keeps increasing.
On top of that, you have some serious bookkeeping to maintain.
Luckily for you, there are online software solutions like ExpressTruckTax to help take the paperwork off your plate.
Here are some yearly and quarterly truck taxes you need to be aware of in order to avoid penalties and interest.
Watch out for these truck taxes:
IFTA Fuel Tax
The IFTA fuel tax is a quarterly tax used to collect and distribute fuel tax revenue between jurisdictions.
IFTA simplifies truck taxes by allowing you to travel in all participating member jurisdictions with a single fuel tax license.
You’ll need to file report your IFTA tax to your base jurisdiction 4 times a year.
Here are the IFTA fuel tax deadlines you need to be aware of:
Quarter
Period
Due Date
1st
January – March
April 30
2nd
April – June
July 31
3rd
July – September
October 31
4th
October – December
January 31
Notice that the 3rd quarter IFTA deadline is approaching soon on Halloween!
Use ExpressIFTA, an online IFTA reporting software, to track all of your fuel records and generate your quarterly IFTA fuel tax reports online.
IRS Form 2290
Form 2290 is due annually, so you only need to worry about it once a year.
It’s coupled with the Heavy Use Vehicle Tax, which is the 2290 tax amount you must pay in addition to filing Form 2290.
Hopefully, this one doesn’t need to even be on your radar for months. It was due September 3, 2019. (Normally, Form 2290 is due August 31, but that date fell on a weekend).
If, however, your Form 2290 was rejected, or if you still have not filed IRS Form 2290 for 2019-20, you’ll need to do so right away. IRS penalties and interest for this tax are not forgiving, and they only increase with time.
Online filing takes less than 10 minutes, so there’s really no reason to endure hefty penalties.
If you put off filing your 2290 tax form due to your inability to afford the 2290 tax, it’s important to note that the penalty for filing your Form 2290 but failing to pay your 2290 tax is substantially lower than failing to file and pay.
In addition to avoiding penalties, it is necessary to file your 2290 tax form each year in order to receive your stamped Schedule 1, which is required for operation.
Use ExpressTruckTax, the industry’s leading IRS-authorized e-file provider, to file IRS Form 2290 in minutes from anywhere on your phone, tablet, or computer. Never even set foot in an IRS office during one of the busiest truck tax seasons.
941 Taxes
Form 941 is relevant if you own and operate a trucking business with employees, as it is used to report employment taxes and calculate the employer’s portion of Social Security and Medicare tax.941 taxes are quarterly, meaning they’re due 4 times a year:
Quarter
Period
Due Date
1st
January – March
April 30
2nd
April – June
July 31
3rd
July – September
October 31
4th
October – December
January 31
As you can see, the 3rd quarter 941 Form 2019 deadline is coming up. Make sure you know whether or not you need to file 941 taxes. Unsure if you need to file? Read more here.
If you do need to file IRS Form 941, you’ll want to check out TaxBandits. Forget the paperwork, simply file 941 taxes online in a few minutes. Plus their interview style e-filing process and automatic error checks ensure success.
Keep up with your truck taxes! You don’t need to be spending unnecessary money on penalties and fees. Check out ExpressTruckTax, ExpressIFTA, and TaxBandits today. You’ll be glad you did.
You might think, “What are all these forms and payments, and why am I constantly dealing with them?”
Understanding HVUT, highway tax 2290, and IFTA tax will prepare you to file quickly each year and keep you from making filing mistakes.
Knowing the differences will also give you an idea of if you need to file, and when to file.
HVUT
HVUT, or Heavy Vehicle Use Tax, is a tax on heavy vehicles used to fund highway maintenance.
You must pay Heavy Highway Use Tax if your truck has a gross weight of 55,000 pounds or more and is driven on public highways over 5,000 miles per year. Gross weight is weight when fully equipped for service.
Heavy Highway Use Tax is an annual tax. The HVUT deadline is the same as the 2290 highway use tax form deadline. HVUT is also known as HVUT 2290 because of its connection with Form 2290, which we’ll talk about next.
Highway Tax 2290
Highway Tax 2290, or simply Form 2290, is the form used to pay your HVUT amount.
Highway Tax 2290 proves why the HVUT 2290 amount you’re paying is what you’re paying.
You need an EIN to file 2290 Highway Use Tax Form. The deadline is the same as the HVUT 2290 deadline. File Highway Tax 2290 Form and pay HVUT 2290 by the end of the month after your first use month.
IFTA Tax
The IFTA tax is not related to HVUT 2290 and Highway Tax 2290 Form. IFTA, or International Fuel Tax Agreement, ensures that each state/province is paid the correct IFTA fuel tax.
IFTA fuel tax becomes important when vehicles travel frequently across state borders. If trucks fill up in one state and immediately cross to the next, the state they’re driving in is losing out.
With IFTA reporting, truckers track miles in each state.
You need to pay IFTA fuel tax quarterly if your vehicle has 2 axles and a gross vehicle weight or registered gross weight > 26,000 pounds, has a combined weight of 26,000 pounds or has 3 or more axles regardless of weight.
Here are the deadlines:
Quarter Periods
IFTA Quarterly Tax Return Period
Due Dates
1st Quarter
January – March
April 30
2nd Quarter
April – June
July 31
3rd Quarter
July – September
October 31
4th Quarter
October – December
January 31
How To Keep Up With Truck Taxes
The best way to pay these taxes is online. Cutting out paperwork saves time, and filing online allows you to keep a record of your previous filings.
Using a service that offers all of these forms in the same place is ideal.
With ExpressTruckTax, you can do it all. IFTA reporting, highway tax 2290, and HVUT are all in one place for your convenience.
Save time with bulk upload, free VIN corrections, multi-user access, and more features.
Plus, our mobile app allows you to file whenever and wherever. Filing taxes has never been easier.
Don’t forget! Your HVUT 2290 deadline is approaching!
Your IRS Form 2290 and HVUT payment are due September 3rd, 2019.File Form 2290 today to avoid IRS penalties.
By now you’ve probably realized that the 2nd quarter IFTA filing deadline was yesterday, July 31st. Crap.
Let’s be honest, who even knew there were 31 days in July anyway?
Don’t sweat it – missing the IFTA due date happens every IFTA filing quarter to tons of people.
Here’s what to do if you missed the 2nd quarter IFTA filing deadline.
Yikes, I Missed The IFTA Filing Deadline. Now What?
Understand The Penalties
The penalty for missing the IFTA filing deadline is $50 or 10% of your total tax, whichever is higher.
On top of that, you’ll be charged .4167% interest on your total tax monthly until the fuel tax is paid.
In addition, and here’s the real kicker, your base jurisdiction reserves the right to revoke your IFTA license.
Sounds terrible right? Well here’s the good news.
Avoid Those Penalties
You don’t need to go through all of that.
The penalties worsen the longer you wait to file your IFTA tax. Since the IFTA due date was yesterday, if you file your IFTA fuel tax today, the only fee you’ll pay is $50 or 10% of your tax.
Plus, in some cases, if you file immediately after the deadline, you can get your IFTA filing in before anyone even realizes it’s late and potentially avoid the basic fee.
Also, first-time IFTA due date offenders will probably not have their license revoked, especially if they can rectify the situation quickly.
Here’s a summary of what I’m saying – You need to file now!
You’ve realized your mistake and you have taxes on your mind, so what are you waiting for?
Knock out your IFTA fuel tax now before this gets out of hand.
File Your IFTA Fuel Tax Fast
You need a quick IFTA reporting solution, but don’t worry, we have a suggestion!
ExpressTruckTax has everything you could possibly need to file your IFTA fuel tax.
We’ll generate your IFTA report and take care of all the calculations for you, including total miles, gallons, miles per gallon, and IFTA tax amount.
We have all the tools you need to simplify the process, including bulk upload and a free IFTA tax calculator!
IFTA reporting doesn’t get any simpler.
Missing the IFTA due date happens, but excessive penalties don’t have to.
Your 2nd Quarter IFTA tax return is due in a week: July 31st
The good news is that you still have time to file!
That is… you have time if you take advantage of online services and tools for IFTA filing.
One of the most important time-saving online tools is the free IFTA calculator offered by ExpressTruckTax.
All you need to do is download the free IFTA calculator to your smartphone or tablet and your IFTA tax amount will be calculated for you!
This Awesome Free IFTA Calculator is a Lifesaver
How To Use Our Free Fuel Tax Calculator
Using the free IFTA calculator is incredibly simple. Just follow these 3 steps:
Once you’ve entered this information, the free fuel tax calculator will do the rest.
Our free IFTA calculator will display your total miles, gallons, miles per gallon, and, most importantly, the amount of IFTA tax you owe.
From there, you can email this IFTA tax report generated by your free online IFTA calculator to yourself or any other recipient simply by entering email addresses and selecting “send”.
IFTA Filing Made Simple
Filing your IFTA tax return takes more than a great IFTA calculator, though. That’s why ExpressTruckTax offers a full-service solution.
With innovative features, easy-to-use software, and interview-style questions, you’ll be done with your IFTA filing in no time.
Start a free account and find out for yourself! If you have questions or need assistance, please contact our US-based support team via phone, chat, or email.
If you are a new owner-operator, we welcome you to the wonderful world of IFTA. You have probably heard through the grapevine that IFTA filing is…well… difficult and usually involves some expressive expletives. But it’s really not that bad when you know where to go. Here is what you need to know about IFTA reporting 2019.
What You Need To Know About IFTA Reporting 2019
Before we dive into the filing your IFTA reporting, let’s go over some of the basics.
IFTA Fuel Tax Basics
The International Fuel Tax Agreement, or IFTA, quarterly fuel tax report allows you to travel in all participating member jurisdictions with a single fuel tax license. To operate in two or more member jurisdictions, you are required to have an IFTA sticker and license.
You receive your IFTA license through your base jurisdiction and you are given an IFTA sticker to put on your truck. Your IFTA license needs to be renewed annually in December. When you hold an IFTA license, you are required to file an IFTA quarterly fuel tax report that calculates how much fuel tax you owe (or are credited) to remain compliant. Your vehicle qualifies for IFTA reporting if it:
Has two axles and a gross vehicle weight exceeding 26,00 pounds
Has two axles and a registered gross weight exceeding 26,000 pounds
Has three or more axles regardless of weight
Or has a combined weight exceeding 26,000 pounds
Filing Your IFTA Fuel Tax Form
Your first quarter IFTA return is due April 30th! Thankfully ExpressTruckTax has a sister product named ExpressIFTA that makes IFTA reporting incredibly easy online. You can track all of the totals you need to complete your return in one convenient location!
Plus, you can import all of your information at once with the bulk upload feature Also, you can import all of your mileage information directly from your GPS.
Best of all your totals will be automatically calculated in an IFTA quarterly fuel tax report that can be downloaded, printed, emailed, and used to complete your IFTA return instantly. It’s the fastest and most hassle-free way to handle IFTA.
Well isn’t it just our luck that tax season has arrived smack in the middle of one of the worst trucking winters in history?! Now on top of tracking the forecast to maneuver around winter storms, you have to file employment taxes by the January 31 deadline!
During this busy time be sure not to forget about filing Form 1099-MISC for your independent contractors. Also, you don’t need to hire an expensive accountant or spend hours struggling with the form to file. Simply use the easy online tax e-filing solution, TaxBandits!
Form 1099-MISC
Form 1099-MISC is used to report payments for services performed for a trucking business by people not treated as its employees, like subcontractors or independent contractors. The purpose of this form is to report miscellaneous income.
Employers must file Form 1099-MISC for non-employees compensated $600 or more during the tax period. Your independent contractors will use this information to complete their personal income tax returns. Also, you are required to issue copies of Form 1099-MISC to your independent contractors by January 31.
Information Required To Complete Form 1099-MISC
Luckily it’s easy to complete IRS Form 1099-MISC as long as you have your business records on hand. As a business, you’re considered the payee and you will need to provide your business name, EIN (Employer Identification Code), and address.
Your independent contractor is your recipient, and you will nee their name EIN or social security number, and address.
Then you will need federal details such as the number of miscellaneous incomes you provided to the recipient with the amount of federal tax withheld. You will also provide state details such as the state income, payer state number, and state tax withheld.
Filing Form 1099-MISC With TaxBandits
You can complete 1099-MISC Form in a matter of minutes with TaxBandits. All you have to do is create your free account and follow the interview style e-filing guide. Helpful information along the way explains what information is required to complete your form and where it needs to be entered.
Plus, they offer exclusive e-filing features to make the entire process super convenient. For example, you can save time by using the bulk upload feature to import all of your independent contractor information at once.
Also, forget about heading to the post office! Simply use the postal mailing feature to have TaxBandits print and mail hard copies of Form 1099-MISC to each of your recipients.
If you need any assistance while e-filing 1099-MISC, the 100% US-based TaxBandits support team is standing by to help.
Don’t Forget About IFTA
Your 4th Quarter IFTA Return is also due on January 31, so head to ExpressIFTA to easily record all of the calculations you need to complete your return online. ExpressIFTA will even import your ELD data to make IFTA reporting even easier.
At the end of the quarter, all of your information will be totaled up in a quarterly IFTA report that you can download, print, email, and use to instantly complete your IFTA return! Get started with ExpressIFTA to take the hassle out of fuel tax reporting now!
Taxes can be confusing. First of all, there are a ton of different returns to remember from income tax returns, IFTA returns, Heavy Vehicle Use Taxes (HVUT), and more. Second of all, each of these different returns have different due dates to remember.
The HVUT Form 2290 deadline can be especially tricky because it can be due at different times of the year. However, don’t let it grind your gears because we are here to go over the deadline so you will know exactly when to file.
Your Form 2290 Deadline
Alright, so the HVUT Form 2290 tax period runs from July 1 to June 30 of the following year. The current HVUT tax period began on July 1, 2017 and will end on June 30, 2018. This is important to know because the HUVT deadline is based on your vehicle’s first use month.
Your first use month is the month that you first use your heavy vehicle on public highways during the tax period. Then your 2290 is due the last day of the month following the first use month.
Because most people first use their heavy vehicles in July at the beginning of the period their deadline is August 31st. However, if you don’t use your vehicle until October then your deadline will be on November 30.
See, no big deal, the deadline is easy! Just remember it’s due the last day of the month following your first used month. Now let’s see what other HVUT 2290 Form topics we can tackle.
What Is A Taxable Heavy Vehicle?
You have to file Form 2290 for all of your taxable heavy vehicles, which are highway motor vehicles with a taxable gross weight of 55,000 pounds or more. A highway motor vehicle is any vehicle that is self-propelled and designed to carry a load over public highways, regardless if they are also designed to perform other functions.
Examples of these vehicles include trucks, truck tractors, and buses. Usually, vans, pickup trucks, and panel trucks are not subject to the HVUT because they weight less than 55,000 pounds.
What Are The HVUT Penalties?
If you fail to file Form 2290 by the deadline you will have penalties to face. The penalty for filing late is 4.5% of the total tax you owe and this amount will accrue on a monthly basis for up to five months.
Also, if you fail to make a payment by the deadline you will face an additional penalty of .5% of the total amount due. Plus, you will face an additional interest charge of .54% on a monthly basis as well.
How Do I File HVUT Form 2290?
Well, that’s super easy. Head to ExpressTruckTax.com to create your free account then follow the step-by-step e-filing guide to complete your form in a matter of minutes. The instructions tell you what information is needed and where so you can transmit your form directly to the IRS in no time!
As a result of filing with ExpressTruckTax, you will receive your stamped Schedule 1 via email within 15 minutes of transmitting your Form 2290 to the IRS! You can also have your stamped Schedule 1 faxed or mailed wherever you need it to go and simply log in to your account at any time to access it.
Contact Us
If you need any HVUT assistance please don’t hesitate to contact the amazing, US-based ExpressTruckTax support team. We’re available Monday – Friday from 9 AM to 6 PM EST at 704.234.6005. We also offer live chat and 24/7 email support at support@ExpressTruckTax.com.
Hey trucking nation, we are here with an important reminder! Your 3rd quarter IFTA return is due today, October 31st, by midnight. If you fail to file by the deadline then you will have some expensive IFTA penalties to deal with.
However, you don’t need to scramble around looking for a way to generate your IFTA report or spend hours working on your calculations, because ExpressIFTA is here to help. ExpressIFTA is a proud sister product of ExpressTruckTax and offers the market-leading IFTA reporting solution online to take the hassle out of generating your quarterly report. Check out how easy it is!
IFTA Reporting With ExpressIFTA
All you have to do is log in to ExpressIFTA with your ExpressTruckTax account for free. If you don’t have an ExpressTruckTax account then you can create your free ExpressIFTA account with your email address and personal password.
Next you will enter your business information, including the name, address, and EIN (Employer Identification Number). You will also enter your base jurisdiction, which is the state where your vehicle is registered and your vehicle information, including the VIN (Vehicle Identification Number).
After that you will enter your fuel and mileage records at your own pace for the current quarter. You can enter your totals per trip to keep extremely detailed information or enter your information per trip with the quick entry feature.
Or you can even upload all your information at once with an Excel or CSV file by using the bulk upload feature. You can even upload all of your distance records directly from your GPS.
Best of all, ExpressIFTA allows you to report your totals according to your personal preferences. For example, you can enter your distance information by miles traveled or odometer readings.
Also, you don’t have to worry about handling any complicated calculations yourself, because ExpressIFTA automatically does all of it for you. All of your IFTA totals will be calculated with 100% accuracy based on the information you enter. This way you will always know how much fuel tax you owe, and you’ll never over or underpay the amount.
When you’re done entering all of your information for the quarter ExpressIFTA an internal audit check will be performed to catch any basic errors. For example, if you stated that you traveled between two nonadjacent states.
Then you can pay and generate your quarterly IFTA report. This report is easy to read and will clearly display all of your IFTA calculations. You can print it, email it, and use it to instantly complete your return.
Also, because ExpressIFTA knows that you need to store your IFTA information for four years for auditing purposes, all of your information will be stored in your account per quarter. It can be accessed at any time.
Contact A Truck Tax Expert
If you need any assistance the outstanding, US-based ExpressTruckTax support team is here to help. Give us a call Monday – Friday from 9 AM to 6 PM EST at 704.234.6005. You can also reach us via live chat and take advantage of our 24/7 email support at support@ExpressTruckTax.com.
