ExpressIFTA Blog

Wednesday, March 25, 2015

IFTA: What To Know Before You File

The 1st Quarter IFTA Deadline is April 30th. Before you start filing your IFTA return with ExpressIFTA.com, there is important information you need to know.

Even If You Didn't Operate During the IFTA Quarter, You Still Need to File an IFTA Return. 
If you didn't run during the 1st Quarter (January-March) you still need to file an IFTA Return to maintain your IFTA license. All you will do is when you are filing your IFTA, you will file a Zero "0" return and not claim any mileage or fuel purchases.

Non-Taxable IFTA Miles
Fuel trip permit miles are not taxable miles in any jurisdiction. You will enter fuel permit miles in the total miles section on the return, but do not include them in the taxable miles for the jurisdiction that issued the permit. Exempted Miles will be shown while you are filing for your IFTA, but it will not be shown in the actual IFTA form that you will submit for your tax purpose.

Toll Miles
Toll miles are taxable miles; toll fees are not fuel taxes. Toll fees are considered as fees in exchange for the opportunity to use a toll road.

Which Taxes Are Covered by IFTA?
IFTA only covers fuel taxes. It does not cover road taxes, weight mileage taxes, or any other jurisdiction specific taxes. You must continue to pay these taxes directly to the jurisdictions in which you travel.

What Fuels Are Covered by IFTA?
Under IFTA, you generally report information on all fuels used to power your qualified motor vehicles. However, reporting requirements for fuel used in each juridiction are based on that specific jurisdiction's laws and may vary.

What You Will Need to File Your IFTA Return

  • Mileage log - However you track your mileage - manual trip sheets, GPS, or electronic trip sheets - you will need your documented mileage to file. 
  • Fuel Receipts - you will need to know how many gallons of fuel were purchased in each state. You will need to separate your mileage and fuel records for each fuel type. 
Don't Wait Until The Last Minute To File
The 1st Quarter IFTA Filing Period opens April 1st. The best thing you can do is knock out your IFTA filing as soon as the filing period opens so you can file on time and avoid costly IFTA filing penalties. 

If you have any questions about generating your IFTA return with ExpressIFTA, contact the ExpressIFTA Support Team via phone: 704-234-6005 or email: suppor@expressIFTA.com.

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