ExpressIFTA Blog

Tuesday, July 31, 2012

IFTA Fuel Taxes Due Today July 31, 2012


Deadline for IFTA Taxes is today, July 31, 2012, The 2nd Quarter for April-June are due today, You’re your IFTA Tax Return today to avoid late filing penalties. ExpressIFTA.com will guide you to prepare your IFTA Tax Return with easy steps. 

To get started simply create an account and begin entering your trip sheet information, it’s that simple. If you have any questions along the way, please do not hesitate to contact our friendly USA-based Customer support Team at 704.234.6005 or email us at support@expressifta.com.
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Monday, July 30, 2012

Deadline to file 2nd Quarter IFTA Fuel Taxes is Tuesday, July 31st

What is IFTA?
IFTA is the International Fuel Tax Agreement and is a tax collection agreement by and among the 48 contiguous States and the 10 Canadian Provinces bordering the US, in which motor fuels use taxation laws are uniform with respect to qualified motor vehicles operated in more than one member jurisdiction.

Who must register?
A vehicle used or designed to transport people or property is a qualified motor vehicle if it:  Has three or more axles; or Has two axles and a gross vehicle or registered gross vehicle weight of more than 26,000 pounds or 11,797 kilograms; or Is used in a combination that has a combined or registered gross vehicle weight of more than 26,000 pounds or 11,797 kilograms. A recreational vehicle such as a motor home or a pickup with a camper is not considered a qualified motor vehicle when an individual uses it exclusively for personal pleasure. Vehicles used in connection with a business operation are not considered recreational.

Where do you register?
You register in your base jurisdiction, which is determined by where qualified motor vehicles are registered (IRP), where operational control and operational records are maintained or can be made available and where some travel are accrued.

The application process varies from state to state, but all states require quarterly filing of the IFTA taxes. ExpressIFTA has made it easy for you to see what your state requirements are.

The 2nd Quarter taxes for April-June are now due. The deadline is this Tuesday, July 31, 2012.  Penalties may be imposed for late filing.  ExpressIFTA.com is here to help take the hassle out of preparing your IFTA fuel tax return. To get started simply create an account and begin entering your trip sheet information, it’s that simple. If you have any questions along the way, please do not hesitate to contact our friendly USA-based Customer support Team at 704.234.6005 or email us at support@expressifta.com.
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Friday, July 27, 2012

ExpressIFTA makes fuel tax reporting less taxing!

ExpressIFTA is here to help take the hassle out of preparing your IFTA fuel tax return. We are an industry leader offering truck tax solutions with the best value and pricing in the trucking industry. We have made a complicated form easy, which will help you maintain the records you are required to maintain in order to stay compliant. Our program is quick and easy-to-use saving you valuable time and money.

Many people dread the thought of having to file their quarterly IFTA return but with ExpressIFTA you can quickly and easily keep track of your mileage, fuel purchases and more at no charge. Yes, we said no charge; you pay only when we prepare your IFTA fuel tax return. Entering your mileage and fuel details has never been easier with our quick entry system. There is no cost to sign up and there are no monthly fees or contracts with ExpressIFTA.

To get started simply create an account and begin entering your trip sheet information, it’s that simple. If you have any questions along the way, please do not hesitate to contact our friendly USA-based Truck Tax Team at 704.234.6005 or email us at support@expressifta.com.
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Thursday, July 26, 2012

Heavy Highway Vehicle Use Tax Form 2290 Webinar

As you know, the Truck Tax Season has now begun, and the IRS Form 2290 must be filed during the months of July and August. If you would like to learn more about this tax, you can Sign-Up for our Free Webinars about the IRS Form 2290. These Truck Tax Education sessions will cover all the primary aspects of the Form 2290 and also explain how to file Heavy Vehicle Use Taxes.

Topics will include the following:

- What Is the IRS Form 2290?
- When to File the IRS Form 2290?
- How to File the IRS Form 2290?
- How to Pay the Heavy Vehicle Use Tax?
- What Happens If You Don't File?

When?

Friday, July 27 - 7:00pm (EST) - Sign Up For Free

All Attendees will receive $5.00 OFF their next 2290 or IFTA Filing through ExpressTruckTax!
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Wednesday, July 25, 2012

How to Calculate International Fuel Tax Agreement Quarterly Tax Return?

The most common error on an IFTA Quarterly Tax Return is mistakes in math calculations. If you’re like me, you will need to double and triple check your math or you may choose to use a program, like ExpressIFTA, that does the calculating for you, so you do not have to worry about miscalculations costing you money.

Many states will mail the Quarterly Returns and current tax rates out to the taxpayer, 30 days before the due date, but in efforts to “go green” fewer states are doing so and instead offering the option to E-File your IFTA Quarterly Tax Return. 

Check with your state on what the options are to file your quarterly return.  Keep in mind, that even if you do not receive your Quarterly Tax Return in the mail, you are still required to file your return. A return must be filed every quarter, even if the licensee does not operate or purchase fuel in any IFTA jurisdiction in any particular quarter.

The due date for the quarterly tax return is the last day of the quarter for which the return is being filed. If the due date falls on a weekend or State holiday, the due date is the next business day.

ExpressIFTA.com makes it easy to file your IFTA Fuel Tax Return. Avoid an IFTA audit by filing your IFTA Tax return on time. If you have any questions you can call our customer support team at 704.234.6005 or email us at support@expressifta.com.
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Tuesday, July 24, 2012

Tips to help you file Your Quarterly IFTA Fuel Taxes

Tips to file IFTA Taxes:
 
1. A quarterly IFTA tax return must be filed even if the licensee does not operate or purchase any taxable fuel in an IFTA member jurisdiction during the specific quarter.

2. You will need to separate your mileage and fuelrecords for each fuel type.

3. If you travel in New York, Kentucky, New Mexico, or Oregon you will also need to file their Weight Distance Tax Return.

What you need:

1. Mileage log-whether you use manual trip sheets, GPS, or electronic trip sheets; it is not only necessary to have in order to fileyour quarterly IFTA, but you will need these if you are ever audited.

2. Fuel Receipts-you will need to know how many gallons of fuel were purchased in each state.

Options to prepare and file your return:

1. Doing it yourself, you can calculate your own return by hand and mail or e-file the return. To find out the current tax rate for each state go to http://www.iftach.org.

2. Using a software program that will calculate your return for you, like ExpressIFTA.com, which will reduce the chances of miscalculations?.

3. Paying someone else to do it, you can use a CPA or a process agent, like Truck Services of North America and let them take care of preparing and filing the return for you.

Regardless of the method you choose to file your quarterly IFTA tax return, it is crucial to maintain accurate records and file your returns on time to avoid penalties. To find out more or get started today, contact our friendly US based customer support center in Rock Hill, SC at 704-234-6005 or email us at support@ExpressIFTA.com.
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Monday, July 23, 2012

Heavy Highway Vehicle Use Tax Form 2290 Webinar


As you know, the Truck Tax Season has now begun, and the IRS Form 2290 must be filed during the months of July and August. If you would like to learn more about this tax, you can Sign-Up for our Free Webinars about the IRS Form 2290. These Truck Tax Education sessions will cover all the primary aspects of the Form 2290 and also explain how to file Heavy Vehicle Use Taxes.

Topics will include the following:

- What Is the IRS Form 2290?
- When to File the IRS Form 2290?
- How to File the IRS Form 2290?
- How to Pay the Heavy Vehicle Use Tax?
- What Happens If You Don't File?

When?

Tuesday, July 24 - 11:00am (EST) - Sign Up For Free
Friday, July 27 - 7:00pm (EST) - Sign Up For Free

All Attendees will receive $5.00 OFF their next 2290 or IFTA Filing through ExpressTruckTax!
Read More »

Friday, July 20, 2012

IFTA-What is it?

 

The International Fuel Tax Agreement (IFTA) is an agreement between the contiguous United States and Canadian Provinces. Under this agreement, one quarterly fuel use tax report is filed representing miles traveled, fuel purchased and used, as well as taxes/credits due in each member jurisdiction.

IFTA requires drivers of Heavy Vehicles to keep trip logs of miles traveled as well as how much fuel was purchased in each state or province. IFTA must be filed quarterly. These forms are then filed with their base jurisdiction. Most states do not provide E-Filing as of yet. Therefore most of the time these forms are mailed to the state.

A simple solution for this is to use an online Provider http://www.expressifta.com. ExpressIFTA acts as a one stop shop for all truck needs. Through them, you can maintain your IFTA records online. It also provides a way to keep online records of your mileage and fuel purchases for IFTA reporting. This can make the IFTA process much easier.
Read More »

Thursday, July 19, 2012

All about International Fuel Tax Agreement (IFTA Tax Return)

The International Fuel Tax Agreement (or IFTA) is an agreement between the lower 48 states of the United States and the Canadian provinces (except Northwestern Territories, Nunavut and Yukon), to simplify the reporting of fuel use by motor carriers that operate in more than one jurisdiction. This simplifies the process of reporting quarterly fuel taxreturns.

This tax is required for motor vehicles used, designed, or maintained for transportation of persons or property and:


1. Having two axles and a gross vehicle weight rating or registered gross vehicle weight in excess of 26,000 pounds, and/or  


2. Having three or more axles regardless of weight, and/or   


3. Is used in combination, when the weight of such combination exceeds 26,000 pounds gross vehicle or registered gross vehicle weight.

Exceptions exist for Recreational Vehicles (such as motor homes, pickup trucks with attached campers, and buses when used exclusively for personal pleasure by an individual). Some states have their own exemptions that may apply to farm vehicles or government vehicles, so check your state for their specific exemptions.

The IFTA license offers several benefits to the interstate/inter-jurisdictional motor carrier. These benefits include one license, one set of decals per vehicle, one quarterly fuel tax report for all vehicles that reflects the net tax or refund due. Tax returns are required even if no operations were conducted or no taxable fuel was used during the reporting period. Returns that are not filed or not paid in full are considered late and will be assessed penalty and interest.

When filing a tax return, a licensee may apply the fuel overpayment generated in one jurisdiction to the taxes owed for another jurisdiction. These advantages result in cost and time savings for the carrier and the member jurisdictions.

Under IFTA, you are able to file one return in your base jurisdiction and that jurisdiction will allocate the money appropriately. This agreement definitely simplified what used to be a very long and time-consuming process. With ExpressIFTA you can quickly and easily keep track of your mileage, fuel purchases and more. 
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Wednesday, July 18, 2012

Using ExpressIFTA From Your ExpressTruckTax Account!




ExpressTruckTax.com really is a one-stop-shop for all your truck tax needs. Although we have become well known for E-Filing the Form 2290 for Heavy Vehicle Use Taxes, you can also use our sister site – ExpressIFTA.com to complete your IFTA returns.
After logging into your ExpressTruckTax account, you will see an IFTA button at the top of the page. If you select this option, you will see a brief introduction for ExpressIFTA. To continue, click Go to IFTA.
This will automatically register you with an ExpressIFTA Account. To Get Started, Click Begin.
This can save you a lot of time because your business information is automatically brought over from ExpressTruckTax. From Here, you can follow the simple Step-by-Step instructions to complete your IFTA return in minutes!
For more information about IFTA, you can contact us at 704.234.6005.
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Tuesday, July 17, 2012

New Virginia Law Regarding IFTA (International Fuel Tax Agreement)


A new law took effect Sunday, July 1, 2012, making truck drivers responsible to apply to the Virginia Department of Motor Vehicles for all IFTA licenses, renewals and decals. The DMV will also handle the quarterly filing of all IFTA taxes.

The law also authorizes the DMV Commissioner to designate members of his staff as motor carrier size and weight compliance agents to issue citations for civil violations of size and weight and other related statutes. The law also provides authority to the agents to issue citations for IFTA violations and place holds on vehicles, which can be levied to recover outstanding debts against the Commonwealth.
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Monday, July 16, 2012

IFTA (International Fuel Tax Agreement) with ExpressIFTA.com

The International Fuel Tax Agreement (IFTA) is an agreement between jurisdictions to simplify the reporting of motor fuel taxes. Under this agreement, one quarterly fuel use tax report is filed representing miles traveled, fuel purchased and used, andtaxes/credits due in each member jurisdiction.

The base jurisdiction then distributes the funds to each affected jurisdiction according to information contained in the quarterly fuel use tax reports.

An interstate motor carrier operating "qualified motor vehicles" between at least 2 member jurisdictions (The 48 contiguous states of the US and 10 Canadian provinces) must have an International Fuel Tax Agreement (IFTA) license and decals issued by their base jurisdiction. If you have the IFTA license, you must file the Quarterly IFTA Return to your base jurisdiction.

IFTA requires drivers of Heavy Vehicles to keep trip logs of miles traveled as well as how much fuel was purchased in each state or province. IFTA must be filed quarterly and the filing date is the 30th of the following month.  These trip logs are difficult to keep up because they require very detailed information. As mentioned earlier, these forms are then filed with their base jurisdiction.  Most states do not provide E-Filing as of yet. Therefore most of the time these forms are mailed to the state.

A simple solution for this is to use an online Provider http://www.expressifta.com. ExpressIFTA acts as a one stop shop for all truck needs.  Through them, you can maintain your IFTA records online.  It also provides a way to keep online records of your mileage and fuel purchases for IFTA reporting. This can make the IFTA process much easier.

Read More »

Friday, July 13, 2012

Avoid an Audit of your IFTA (Fuel Tax Agreement) Information

The International Fuel Tax Agreement, or IFTA, requires certain vehicles to pay a Fuel Tax to each state that it was driven in. IFTA is a tax collection agreement among the 48 contiguous United States and the 10 Canadian Provinces bordering the US.

Organizing the information required for this can be a daunting task, but thanks to ExpressIFTA.com, it has become a much easier process. 


Vehicles required preparing an IFTA return must keep track of miles traveled and fuel purchased in each state or province. Because of the difficulty of keeping accurate records, and filing this form appropriately many drivers unfortunately receive IRS audits because information on their IFTA return was incorrectly recorded.

Fortunately ExpressIFTA.com, along with providing spectacular service for IFTA Tax preparing, will perform an internal audit of your information for you. They also provide online trip sheets for drivers to keep accurate records that can be accessed from any computer, anywhere!  You can’t afford to get audited by the IRS because of incorrect information. Let ExpressIFTA help get it right.
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