Category: Fuel Tax IFTA

Start Reporting Your Second Quarter 2022 IFTA With TruckLogics Now

Posted on July 14, 2022 by - 2nd Quarter IFTA, Easy IFTA Reporting, Fuel Tax IFTA, IFTA, ifta deadline, TruckLogics

The International Fuel Tax Agreement (IFTA) is required to be filed if a vehicle meets the following requirements:

  1. it weighs 26,000 pounds or more
  2. has three or more axles
  3. travels through two or more jurisdictions

This agreement was made with the United States (excluding Alaska and Hawaii) and ten of the Canadian provinces. It is designed so that truck drivers can report fuel purchased in each state to their base jurisdiction and that jurisdiction is responsible for distributing the taxes to each state where the fuel was purchased in. 

IFTA is a tax that is reported quarterly and the time frame of each quarter is as follows:

Quarter 1: January 1 – March 31
Quarter 2: April 1 – June 30
Quarter 3: July 1 –  September 30
Quarter 4: October 1 – December 31

The deadline to file IFTA for each quarter is as follows (If the deadline falls on a weekend or holiday, the deadline will be moved to the next business day):

Quarter 1: April 30 (May 2, 2022)
Quarter 2: July 31 (August 1, 2022)
Quarter 3: October 31
Quarter 1: January 31

You can officially start reporting IFTA for the Second Quarter 2022 starting in July. For this quarter you will need to create a report with the miles traveled and fuel purchased in each jurisdiction between April 1st and June 30th, 2022. The deadline to file this report with your base jurisdiction is on August 1st, 2022 because July 31st, 2022 falls on a weekend this year. 

In order to make sure that you create your report correctly with all of the necessary information, our sister product TruckLogics offers a simple easy-to-use IFTA reporting solution! With the TruckLogics IFTA-Only option, you are able to input data manually, through Motive (formerly KeepTruckin), or using the TruckLogics IFTA excel template to bulk upload your data. If you use the IFTA-Only option, the price is $24.95 per report per quarter. There are several features that make sure your data is correct such as a state adjacency check to make sure states that are reported are adjacent to each other. 

TruckLogics also keeps track of IFTA rates and split rates for you so that you don’t have to do any unnecessary calculations. Reports are generated in state-specific formats and are printable so that you can paper file if your base jurisdiction allows it. If it does not, TruckLogics provides you with an e-filing worksheet so that you can e-file with your base jurisdiction. 

What are you waiting for? The IFTA Second Quarter deadline is right around the corner. Don’t risk getting late fines, generate your IFTA report with TruckLogics today for a quick and stress-free IFTA reporting solution for the Second Quarter 2022.

Don’t Let IFTA Sneak Up On You

Posted on March 29, 2017 by - 1st Quarter IFTA Deadline, Fuel Tax IFTA, IFTA Information, ifta late penalties, IFTA online filing, IFTA Records, ifta report, IFTA return, IFTA Tax Calculator App

Doesn’t it seem like you just did your IFTA report yesterday? Well, oh how the time flies because the next IFTA deadline is right around the corner! Your first quarter IFTA report is due by April 30th,  which is a Sunday, so the deadline actually falls on Monday, May 1st. That day will be here before you know it, so don’t let it sneak up on you. It’s never too early to start working on your report. Use ExpressTruckTax to calculate your IFTA totals and learn all about IFTA here.

All About IFTA

IFTA or the International Fuel Tax Agreement is an agreement that simplifies the reporting of fuel in the lower 48 states. The purpose of IFTA reports are to simplify the reporting of fuel use by motor carriers that operate in more than one jurisdiction so states can equally distribute per jurisdiction.

The taxes are then used to repair the public highways that truckers frequent, by repaving roads and reinforcing bridges the routes become safer and smoother. Also, better roads mean less wear and tear on your vehicle.

Now only qualify vehicles that travel between multiple jurisdictions are subject to IFTA. You must have your IFTA license and two IFTA decals on your vehicle that are provided by their base jurisdiction.

Your base jurisdiction is where your qualified vehicles are based for registration. It’s where operational control and operational records of the licensee’s qualified motor vehicles are maintained and in the case of an audit can be made available. It’s also where some mileage is gained by qualified motor vehicles traveling through that jurisdiction within the fleet.

If you don’t live in a base jurisdiction you can apply for an IFTA license from any of the jurisdictions you regularly travel in.

Qualifying vehicles are ones that are motor vehicles that are used, designed, or maintained for the transportation of persons or property having two axles and a gross vehicle weight exceeding 26,000 pounds, two axles and a registered weight exceeding 26,000 pounds, three or more axles regardless of weight, and a combination weight exceeding 26,000 pounds.

You need to provide the following information to correctly complete your IFTA return:

– Total miles, both taxable and nontaxable, traveled by each of the licensee’s qualified motor vehicles for all jurisdictions, including trip permit miles. This includes both IFTA and non-IFTA jurisdictions.
– Total gallons of fuel consumed by the qualified motor vehicles, both taxable and nontaxable per jurisdiction, IFTA and non-IFTA.
– The total amount of tax-paid gallons of fuel purchased in each jurisdiction.
– The current tax rate per jurisdiction.

If you don’t travel outside of your base jurisdiction a lot you don’t have to necessarily apply for an IFTA license. You can apply for a local trip permit with the local DMV of the jurisdiction you’ll be traveling in.

It’s important to have your IFTA license with you and permits properly display under your truck door windows at all time are you could be subject to getting a citation and having to buy a temporary permit.

Failure to file your IFTA reports by the deadline or to file at all will result in hefty penalties. You’ll be fined $50 or 10% of the delinquent taxes, whichever is greater. On top of that, base jurisdictions reserve the right to impose additional penalties based on the laws of the jurisdiction.

Also, base jurisdictions will assess interest on all of the unpaid taxes due for each jurisdiction except for the taxes collected directly by other jurisdictions. For US jurisdictions interest will build up at a rate of 1% per month. Interest will build at a rate equal to the Canadian Federal Treasury Bill rate, plus 2% for Canadian jurisdictions, plus the rate is adjusted every quarter.

Remember you have to complete your IFTA report 4 times a year. The quarterly IFTA deadlines are:

1st Quarter: January 1st – March 31st. Due date: April 30th.

2nd Quarter: April 1st – June 30th. Due date: July 31st.

3rd Quarter: July 1st – September 30th. Due Date: October 31st.

4th Quarter: October 1st – December 31st. Due Date: January 31st.

Note: If the deadline falls on a weekend or federal holiday then the deadline is moved to the next business day.

ExpressTruckTax is Here To Help

Don’t let IFTA stress you out. Head to ExpressTruckTax.com to quickly and easily calculate your IFTA totals with their quick entry odometer entry screen, fuel tax calculator, and more. Our dedicated support team is full of IFTA experts who are ready to help. Please don’t hesitate to contact us with any truck tax questions that you may have via live chat, phone, or email.

E-File a Form 2290 for 2011-2012 with Express Truck Tax

Posted on October 29, 2011 by - 2011 form 2290, 2290 form, efile HVUT, express truck tax, Form 2290, Fuel Tax IFTA, HVUT, IFTA, irs 2290, VIN Corrections at no charge, VIN corrections FREE

ExpressTruckTax.com is packed with all sorts of features that benefit Owner Operators, Trucking Companies, and other service providers filing HVUT. It has everything you need to to file your truck taxes online so that you can stay on the road.
One of the most commonly filed IRS forms among those in the Trucking Industry is the IRS Form 2290, and its accompanying Schedule 1. With Express Truck tax, you can easily file this IRS form online in minutes, and for as little as $9.90, it is the most attractive price in the industry.
When creating your Form 2290 online, Express Truck Tax will automatically create a Form 8849 for credits. There is also the option to upload an Excel Template for a multiple vehicle filing. You can file for only 1 truck or up to 40,000 vehicles with our Enterprise Filing! Express Truck Tax also offers flexible pricing plans to fit any fleet. Tax professionals and CPAs also receive custom discounted pricing to file for many of their clients.
After filing Form 2290 with the IRS through Express Truck Tax, the person filing will receive Free Fax and Email Notifications to let them know that the Schedule 1 is ready. Express Truck Tax also offers optional Text Message reminders as well. Once the IRS processes the Return, you will be notified so that you can print your stamped schedule 1. Express Truck Tax can also notify your contracting (leasing) company to let them know that your payment has been made.
You can file your Form 2290 (HVUT) in just minutes with this easy-to-use software that will save you time and money. Express2290.com was built by one of the most talented teams in the industry—no one has more experience in HVUT E-Filing!
The customer service does not stop once the form is filed. Express Truck Tax also offers Free VIN corrections so that no one is penalized for a simple typo. There is also the ability to amend a previously filed Form 2290 through the service. For any questions about the service, Express Truck Tax offers unlimited, USA-based customer support via email, chat, and phone. Simply email support@ExpressTruckTax.com, call 704-234-6005, or go to ExpressTruckTax.com to live chat with the excellent customer support professionals.
Get started today at ExpressTruckTax.com. Email us at support@expressexcise.com or call 704-234-6005 to talk to our Truck Tax Experts.