How To File IFTA Taxes Trucking Services

Before the introduction IFTA, commercial vehicles and trucks would need distinct tax permits for each of the states that they were driving through. Port-of-Entry collection stations were erected so as to gather the tax owed according to that states own personal fuel tax laws. This created more work for the states and stalled interstate commerce for trucking firms. When registering for the IFTA, you should think about your vehicle type, location, and tax preparation method.

When you register for IFTA you will do so in a specific province, for instance the state of California. It will be in this jurisdiction that you file your IFTA fuel report and obtain either your tax refund or pay any fuel tax owed. The jurisdiction which you should register for IFTA can be where the qualifying automotive vehicle is registered, where you have an established physical place of business, or where you file the operational records for that qualifying vehicle. The exact form number that you will need to ask for will depend on the district that your applying in. On your fuel tax report form you should record any jurisdictions entering the IFTA that you have traveled through and the fuel that you purchased in that jurisdiction.

[Major] – [Minor] – On The Go Transportation

For you to determine if your vehicle meets the requirements and can take part in the IFTA, you need to have what is named a qualifying vehicle. A qualifying vehicle is one that transports either people or commercial goods. It should also meet the following qualifications: have 3 axles or more, or have 2 axles or more and weigh at least 26,000 lbs, or when used as a combination and weigh much more than 26,000 lbs. You should speak to the motor carrier vehicle section of that jurisdiction and ask to apply for an IFTA license and decals to present on your car. Once complete, you should repay it to the regulating body with the required processing fee. Assuming that you meet the qualifying criteria for IFTA, you will be issued with the correct license and decals. You are now registered to take part in the IFTA program.

Call On The Go Transportation for [Major]

Every quarter you should file your fuel tax report form with the district where you enrolled for IFTA. Even when you did not travel during the period, you must still file a “zero” report form. Once your statement form has been processed, any net tax or refund that is due to you will be determined, in addition to the fuel taxes that are redistributed to those states where they are due. You should be given a fuel tax report form to the mailing address which you listed when you registered for IFTA. However if you did not you can check with the motorized vehicle carrier department in your local jurisdiction.

On The Go Transportation – [Major] – [Minor]

Call (800) 845-1190 for [Minor] [Major]

IFTA significantly simplified the payment of fuel tax for trucks traveling through more than one state. It is crucial to make sure that you remain in compliance with IFTA regulations. Penalties and fines might be applied to commercial vehicles and trucks which are not properly registered or who do not file the fuel tax report forms on the due dates.

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