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!
Here at ExpressTruckTax, our team is all about helping you stay compliant and keeping your truck on the road. Whether that is by helping you file your Form 2290, or helping you stay ahead of other industry requirements.
It is important that you renew your IFTA licensing for 2021 on time! Many states’ renewal deadline is December 31, 2021.
With all the hustle and bustle of the holidays, we know how easy it can be to forget! So, we are breaking down the renewal process and providing all the information you need to get started!
A Crash Course in IFTA
Here’s a quick refresher. Get ready for a tongue twister! IFTA stands for International Fuel Tax Agreement. This was put into effect by the 48 states of the continental US and 10 Canadian provinces.
This is basically just a way to make the fuel tax collection and interstate commerce reporting easier for everyone involved.
Under federal law, you must abide by IFTA regulations if your vehicle is used, designed, or maintained for the transportation of persons or property, and at least one of the following is true:
Has two axles and a gross vehicle weight (GVW) or registered gross vehicle weight (GVW) of more than 26,000 pounds
Has three or more axles regardless of weight
Is used in combination when the weight of such combination is more than 26,000 pounds GVW or registered GVW.
If your vehicle qualifies for an IFTA license, then your vehicle also qualifies for the IFTA renewal!
Where Do I Start?
You should start with your base jurisdiction! Each year states send out a renewal packet, email, or some form of information to help you through the renewal process.
If your deadline for renewal is December 31, 2021, then you should have already received this.
If you haven’t already received your packet or email, it’s time to give your state’s IFTA department a call. You can also check for renewal information on their website.
Renewal Requirements
Most states will allow you to renew your license online through your IFTA portal.
Generally, most jurisdictions will require that you have filed and paid for the last four quarters if you were operating before they will renew your license for the next year.
The previous four quarters include:
2020, Quarter 4
2021, Quarter 1
2021, Quarter 2
2021, Quarter 3
Now, listen closely, this is very important: your renewal must be completed, signed, and returned by the deadline to ensure that there is no delay in receiving your license and decals.
Some states will offer drivers a grace period for displaying the new decals, but this is not true for every state. You will need to check with your jurisdiction to confirm this.
IFTA is Easier with TruckLogics
If you’re searching high and low for an easier way to keep track of your IFTA and create a file-ready report each quarter, you’ve come to the right place! Our sister product, TruckLogics, provides an affordable IFTA reporting solution and more!
With TruckLogics you can easily complete your IFTA reporting and take advantage of other great features designed to streamline your trucking business.
If you are new to the trucking industry let us say congratulations!
There’s a lot to learn about how to manage all of the required trucking taxes and registration. Just for starters, you will need everything from Heavy Vehicle Use Tax, your IRP, and of course your IFTA quarterly fuel tax report. To help you get started here is what new truckers need to know about IFTA reporting.
What New Truckers Need To Know About IFTA Reporting
IFTA, or the International Fuel Tax Agreement, is an arrangement between 48 of the United States and 10 Canadian provinces to report fuel use by motor carriers that operate in more than one jurisdiction (state). The IFTA fuel tax redistributes fuel taxes equally among the jurisdictions.
To show you filed your IFTA return and pay the taxes owed by the deadline you will be issued an IFTA license and IFTA stickers. The license should be kept in your truck at all times and the IFTA stickers are displayed under your driver’s side window.
Vehicle Qualifications For IFTA Reporting
Your vehicle qualifies for IFTA reporting if it travels between more than one jurisdiction and:
Has two axles and a gross vehicle weight exceeding 26,000 pounds
Has two axles and a registered weight exceeding 26,000 pounds
Has a combination weight exceeding 26,000 pounds
Has three or more axles regardless of weight
IFTA Quarterly Fuel Tax Report Requirements
You are required to complete an IFTA report four times a year and file with your base jurisdiction (home state). Your base jurisdiction is where your qualifying vehicles are required to be registered and where your information is available in the event of an IFTA audit.
The total miles traveled per jurisdiction including taxable and nontaxable, IFTA and non-IFTA, and trip permit miles
The total gallons of fuel consumed in each jurisdiction including taxable and nontaxable, IFTA, and trip permit miles
The number of gallons of fuel purchased per jurisdiction
The tax paid on each gallon of fuel purchased per jurisdiction
And the current tax rate per jurisdiction
File With The Best IFTA Software Available
Our sister product, ExpressIFTA makes IFTA reporting simple. Their IFTA software for reporting includes innovative features that let you upload your IFTA fuel tax information at your own pace. Upload your trip information as you go or all at once with each quick entry screen. You can even upload your miles from your fuel card.
Don’t worry about handling any complicated calculation yourself, because ExpressIFTA will automatically calculate IFTA fuel tax rates for you. And all of your information will be kept in an easy-to-read report that can be easily printed and used to complete your return.
When it comes to truck taxes there are multiple forms to file and tons of deadlines. We know that you’re familiar with your Heavy Vehicle Use Tax Form 2290, and you regularly file your quarterly IFTA return, but what about your IRP return?
Your IRP return is actually pretty closely related to your HVUT return, and IFTA report, because you need your Schedule 1 to complete your IRP return, and you also need to track your mileage per jurisdiction. This may seem overwhelming, but we’re here to help clear everything up.
The Trucking Guide To IRP Reporting
First of all, IRP is the International Registration Plan and it’s a reciprocal agreement that authorizes proportional registration among the 48 contiguous United States and 10 Canadian provinces.
This agreement provides apportioned payments based off of the total distance operated in each jurisdiction (state). That means the operator of the vehicle must report the number of miles traveled per jurisdiction on an annual basis and pay the amount of taxes they owe to their base jurisdiction (home state).
IRP Requirements
You are responsible for completing your IRP return if you operate a heavy vehicle that operates in more than one jurisdiction and it:
Weighs more than 26,000 pounds
Has three or more axles, regardless of weight, or
Is a power unit and trailer with a gross vehicle weight higher than 26,000 pounds.
To first receive your IRP license you must register with your base jurisdiction. Then you will receive your IRP license, which should be carried in your cab at all times. You will also have a specially marked license plate.
Then each year you will need to file your IRP return to renew your tags and to continue legally operating in multiple jurisdictions. Your IRP return deadline is based on the expiration date on your license plate.
In order to complete your return, you need to list the mileage traveled per jurisdiction during the year. Your mileage can be recorded with the same online program you use for your IFTA report, like ExpressIFTA.
Generating a Mileage Report
ExpressIFTA makes it incredibly easy to import all of your information and track it in one convenient location online. You can use the bulk upload feature to import all of your information at once or import all of your data from your ELD device.
You also need a copy of your stamped Schedule 1 to complete your IRP return. You stamped Schedule 1 serves as proof of completing your HVUT Form 2290.
E-Filing Form 2290
You can actually easily file your Form 2290 with ExpressTruckTax to instantly receive a copy of your stamped Schedule 1 via email.
All you have to do to get started is create your free account. Then you can follow our step-by-step instructions to quickly complete your form and transmit directly to the IRS. Then in about 15 minutes you’ll get a copy of your stamped Schedule 1. This is the fastest and easiest way to complete your truck taxes.
Plus, if you need any assistance the live, US-based ExpressTruckTax team is standing by to help. Give us a call 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.
Getting your authority? Building your own fleet? Either way, you’re going to have a lot more responsibility soon.
You’re going to need a comprehensive trucking business management software to keep track of loads, dispatches, invoices, expenses, and so much more.Thankfully, our sister product TruckLogics business management software has solutions for everything you could possibly need. Let’s talk about how TruckLogics can help you start a trucking company.
Starting a Trucking Company with TruckLogics:
Loads & Truck Dispatches
When you’re starting a trucking business, it needs to be flexible and mobile, able to go with you anywhere.With TruckLogics, you can organize all your loads and truck dispatches in one central location. And then with the TruckLogics mobile app, you can access and edit this information from anywhere.
Shipper, consignee, truck, trailer, driver, and payment information can all be recorded when you create a load. Additionally, with our ProMiles integration, you can estimate mileage for per-mile fees and truck and trailer service intervals.
Then, you can assign each load to a specific driver who will receive an automated notification of an assigned truck dispatch. Right from the TruckLogics mobile app, each driver can send updated check calls and communicate with dispatch while on the road.
Invoices
Once the truck dispatch is completed, TruckLogics can generate an accurate, professional-looking invoice for your trucking business to send to your clients. It can be printed, emailed, or faxed.
Running LTL loads that you need to split up into multiple invoices for multiple clients? Not a problem. TruckLogics can do that too! They can even handle brokers and agents for your trucking business.
Expenses
One big issue you will face when starting a trucking business is how to keep track of expenses while on the road.
TruckLogics gives you the ability to notate expenses like fuel-ups and food purchases from the mobile app. You can even upload photos of your receipts to access later.If you want to get serious about your bottom line, you can run automatically generated profit and loss reports like cost per mile and revenue per mile. All this will help you stay in the black.
IFTA
One of the best parts about tracking everything in TruckLogics is that when the quarterly IFTA deadline rolls around, they will generate a report for you to file with.
As long as you have tracked mileage and fuel-ups for each truck, TruckLogics will do all the hard calculations for you.
Try TruckLogics Free
Get a 15-day free trial of TruckLogics. There’s no obligation and no payment information required to give it a test drive!
Congratulations on another year behind the wheel! 2020 was a wild year for all of us (especially truckers).
There’s no telling what 2021 will have in store for you as you keep on truckin’. We’re sure you’ve come up with some great new years resolutions. One resolution you should add is getting started on the 4th quarter IFTA deadline that’s coming up on February 1.
It was created in order to simplify the reporting of fuel used by qualifying motor vehicles that travel between at least two or more jurisdictions. The collected taxes are redistributed among the jurisdictions.
Your vehicle qualifies for IFTA reporting if it:
Has two axles and a gross vehicle weight exceeding 26,000 pounds
Has two axles and a registered gross weight exceeding 26,000 pounds
Has three or more axles regardless of weight
Or has a combination weight exceeding 26,000 pounds.
In order to comply with IFTA, you will apply for your IFTA license with your base jurisdiction or home state and keep it in your cab at all times. You will also receive two IFTA decals that you will need to keep on your driver’s side door at all times. Plus, you will need to complete your IFTA return four times a year.
You will need to provide the following information to complete your IFTA return:
Total miles traveled per jurisdiction
Total gallons of fuel consumed per jurisdiction
Total tax paid gallons of fuel purchased per jurisdiction
And the current tax rate per jurisdiction.
If you fail to complete your IFTA return you will have some penalties to face and they aren’t cheap. If you fail to file by the deadline you will face a penalty of $50 or 10% of the total amount due, depending on which amount is higher.
Then you will face a monthly fee of .4167% of the tax due until you fully pay the amount you owe. States also reserve the right to impose their own penalties and revoke your IFTA license, which would park you!
Check out ExpressIFTA
But you don’t have to worry. ExpressTruckTax has a sister-product called 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 all at once with the bulk upload feature and import all of your information at once. Also, you can import all of your mileage information directly from your GPS.
Best of all, all of your totals will be automatically calculated in a quarterly IFTA report that can be downloaded, printed, emailed, and used to instantly complete your IFTA return! It’s the fastest and most hassle-free way to handle IFTA.
It’s a new year! That means New Year’s resolutions and new opportunities to grow.
The last thing you want to think about is the same old taxes.
Well… we’re here to remind you that despite all the new things, the 4th quarter IFTA fuel tax deadline is still coming up on February 1, 2021.
Sad? Don’t be. There’s a way to finish your IFTA reporting fast to avoid IFTA tax late penalties and interest. Here’s everything you need to know to generate your report in time.
Finish IFTA Reporting Before the Deadline
The International Fuel Tax Agreement
The International Fuel Tax Agreement was created to simplify fuel reporting by qualified vehicles operating in more than one jurisdiction.
You’re going to need to complete IFTA filing if you have a qualified vehicle, which is any vehicle designed, maintained, and/or used to transport people or property.
In addition, qualified vehicles have:
– Two axles and a gross vehicle weight exceeding 26,000 pounds or – Two axles and a registered weight exceeding 26,000 pounds or – Three or more or – A combination weight exceeding 26,000 pounds.
Thanks to the International Fuel Tax Agreement, you’ll only have to file your IFTA tax with your base jurisdiction, which is where your vehicle is registered.
Each jurisdiction has different IFTA filing rules, so be sure to check this list.
IFTA Reporting
IFTA reporting is filed 4 times a year with your base jurisdiction to ensure the proper allocation of fuel tax.
Keep track of your IFTA fuel tax mileage and fuel records to help IFTA reporting go smoothly each deadline.
To complete your IFTA fuel tax, you’ll need your business details, vehicle details, and miles & fuel records.
These records include:
– Total miles (taxable and nontaxable) traveled in all states, regardless of whether or not they participate in IFTA, including all trip permit miles – Total gallons/liters of fuel consumed (taxable and nontaxable) in all states, regardless of whether or not they participate in IFTA – Total miles and total taxable miles traveled in each member jurisdiction – Total taxable gallons consumed in each member jurisdiction – Tax-paid gallons/liters purchased in each member jurisdiction – Current tax rates for each member jurisdiction
This information is necessary for generating your IFTA tax return.
Generate IFTA Reports Online
If this sounds like a lot of work, we’ve got a solution.
Simply generate your IFTA report online this quarter with ExpressIFTA, and then you can e-file with your jurisdiction in minutes.
ExpressIFTA is the sister product to ExpressTruckTax… in fact, if you have an ExpressTruckTax account, you already have one for ExpressIFTA!
Simply select the “IFTA” tab at the top of the home page, and log in with your ExpressTruckTax credentials.
With features like Trip Sheets, Quick Entries, and GPS Upload, you can upload fuel & mileage records quickly for multiple vehicles. You can even enter records into the system daily, weekly, monthly, or quarterly to update your IFTA tax return at any time.
Best of all, ExpressIFTA does all of the calculated IFTA tax calculations for you! No need to crunch the numbers old-school style.
This IFTA reporting software even checks for basicerrors on your IFTA tax return. Time is running out. Generate your IFTA report online now through your ExpressTruckTax account!
That’s right! Todays is the third quarter IFTA deadline. You will need to complete your IFTA return by midnight or you will have some major penalties to face. If this deadline snuck up on you and you’re wondering how you’ll ever make the deadline, don’t worry!
Check out our awesome sister product, ExpressIFTA to easily handle all of your IFTA reporting needs online. You can quickly generate your IFTA report and use it to complete your return. Plus, we’re here to go over all the IFTA basics so you’ll be up to speed.
Today is the 3rd Quarter IFTA Deadline
Before we drive headlong into today’s IFTA reporting deadline, let’s review the basics of what you need to know.
What is IFTA?
If you are asking yourself “What is IFTA?” then you are in worse shape than I expected. But don’t worry I got you. 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 jurisdictions, you are required to have an IFTA sticker and license.
You receive your IFTA stickers and license through you base jurisdiction which is your home state or where your vehicle is registered. 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 shows and calculated how much fuel tax you owe (or are credited) to remain compliant.
In short, IFTA is used to report and determine the net tax refund that’s due and to redistribute taxes from collecting states to due states. This agreement is between the lower 48 United States and 10 Canadian provinces, this regulation was put into place to simplify fuel reporting by those who use qualified motor vehicles. Your vehicle qualifies for IFTA reporting if:
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
To complete your IFTA report you need to provide the following information:
The total miles traveled per jurisdiction
The total gallons of fuel consumed per jurisdiction
The total tax paid gallons of fuel purchased per jurisdiction, and
The current tax rate per jurisdiction
File Your IFTA Fuel Tax Report
Our sister product, ExpressIFTA, makes it easy to import all of your IFTA information online in one convenient location. Use your IFTA reports to automatically calculate all fo your IFTA totals with 100% accuracy.
Your IFTA fuel tax rates will be generated in an easy-to-read quarterly IFTA report that contains everything you need to complete your return. Instantly print, download, or email your information at any time.
Today is the deadline for filing IFTA!! If you fail to file before midnight today you could be looking at major penalties.
September FUM 2290 Deadline
If you put a truck on the road in September 2020, your Form 2290 for that vehicle is also today, November 2, 2020!
The IFTA fuel tax deadline is right around the corner!
Don’t wait any longer – Failing to file IFTA by the end of the month will lead to a serious headache.
The fuel tax isn’t something you can just avoid. Ignoring it will simply make IFTA filing even more expensive than it originally was.
This is a quarterly tax, so stay on top of deadlines. The 3rd quarter deadline is November 2.
Here’s what happens if you miss the deadline.
IFTA Fuel Tax Penalties That Will Make You Want to File Now
Late Fuel Tax Filing
You are responsible for filing your IFTA tax return on time.
If you don’t, you’ll face a fee of $50 or 10%of your tax, whichever is higher.
On top of that, you’ll be charged interest for each month that your IFTA fuel tax goes un-filed, and you’ll have to pay this interest for every jurisdiction you owe money to.
Why Should You File?
If heavy penalties aren’t enough motivation to file, consider this.
Ultimately, if your IFTA tax return is never filed and your fuel tax remains unpaid, your license will be revoked. You need to file an IFTA tax return if your vehicle:
– Has 2 axles and a gross vehicle weight or registered gross weight > 26,000 pounds – Has 3 or more axles regardless of weight – Has a combined weight > 26,000 pounds
How To Avoid IFTA Fuel Tax Penalties
IFTA filing is simple. There should be no reason for you to miss the fuel tax deadline.
ExpressTruckTax offers a service for IFTA form generation online in one convenient location. We will generate your IFTA fuel tax rates for you in an easy-to-read quarterly IFTA report with everything you need to complete your return.
You can print, download, or email this information at any time.
Plus, with features like bulk & GPS data upload, pre-auditing, a free IFTA Tax Calculator, and US-based customer support, you’ll be done with your fuel tax in no time.
