Category: 4th Quarter IFTA Deadline

Get A Move On! The IFTA Deadline Is Here!

Posted on January 30, 2020 by - 4th Quarter IFTA Deadline, ifta deadline, ifta fuel tax, ifta report, IFTA reporting

It really is that time again.

The 4th quarter IFTA deadline has arrived, and you need to report all your miles and fuel purchases from October 1 through December 31. 

The actual filing and payment for your taxes must be completed with your base jurisdiction.

However, when it comes to IFTA calculating and reporting, there’s no easier way to generate your IFTA report than with ExpressIFTA. 

IFTA reporting with ExpressIFTA

Generating a report with ExpressIFTA is as simple as entering information about each of your trucks and then entering the mileage and fuel for each. You can even bulk upload IFTA tax report information from your ELD, GPS, or spreadsheet.

ExpressIFTA will take your information and use its extensive, constantly-updated knowledge of IFTA tax changes to generate your IFTA tax report. The system will also check for common errors in your IFTA reporting.

Trucker using ExpressIFTA for IFTA fuel tax reporting

Then, you can use your new IFTA report to quickly and easily file and pay your IFTA tax with your base jurisdiction.

And the best part is you can use your existing ExpressTruckTax account information. Just go to expressifta.com and enter the email address and password you already use.

Use ExpressIFTA

ExpressIFTA is affordable, accurate, and easy to use. Generate your IFTA report today!

Need more help with ExpressIFTA?

Check out this handy step-by-step guide to generating your IFTA report with ExpressIFTA! It makes the process even simpler!

File Form 1099-MISC For Your Trucking Independent Contractors

Posted on January 10, 2018 by - 4th Quarter IFTA Deadline, E-File Form 1099-MISC, Fleet Owners, IFTA, Independent Contractors In Trucking, truckers, Trucking Employment Taxes

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

File Form 1099-MISC For Your Trucking Independent Contractors 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 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!

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