ExpressIFTA Blog

Monday, January 13, 2014

Tips To Help You Prepare for Filing Quarterly IFTA Return


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. The deadline to file your 2013 4th quarter IFTA return is January 31, 2014.

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

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 file your quarterly IFTA Return, 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. ExpressIFTA puts the EZ in IFTA filing! To get started today go to ExpressIFTA.com or contact our Express Tax Support Center in Rock Hill, SC  at 704.234.6005 between 8am – 6pm EST, Monday through Friday or email us at support@expressIFTA.com.

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