Last-Minute Tips For Filing Your IFTA Report On Time

ExpressIFTA | July 31, 2020 | IFTA reporting | No Comments

And just like that, today is the 2nd quarter IFTA filing deadline!

It’s important to file your IFTA tax return by midnight to avoid major penalties. Did Form 2290 filing distract you from the IFTA filing deadline? Don’t stress! We have a solution that will help you meet the deadline.

It’s simple. ExpressIFTA handles all of your IFTA reporting needs online.

With amazing features like our free IFTA tax calculator, you can generate your IFTA tax report quickly and use it to file your IFTA tax return.Here’s everything you need to know to file in time for today’s IFTA filing deadline.

The IFTA Filing Deadline is TODAY! How To File Fast Now

Are You Required To File IFTA Fuel Tax?

If you operate in two or more jurisdictions, you must have an IFTA sticker and license.

You are also required to file a quarterly IFTA fuel tax report calculating how much fuel tax you owe (or are credited).

IFTA reporting is necessary because, while state fuel tax would typically cover mileage traveled in a certain state, truckers frequently cross state borders. Therefore, where they purchase fuel isn’t always an accurate depiction of where they’re using it.

You’re required to participate in IFTA reporting if your vehicle has 2 axles and a gross vehicle weight or combined weight over 26,000 pounds, has 2 axles and a registered gross weight over 26,000 pounds, or has 3 or more axles regardless of weight.

What Information Do You Need?

To complete your IFTA tax return, you’ll need the following information:

To get started, simply create a free account with your email. Then, enter business information, vehicle information, and your base jurisdiction, which is your home state or the state where your vehicle is registered.

Then, enter mileage information! You can enter directly from your GPS or use our bulk upload feature to save time.

Use our free IFTA tax calculator to get your total miles, gallons, miles per gallon, and IFTA tax amount.

Our system will automatically calculate MPG for your vehicle(s). You can even select the appropriate MPG range for your vehicle(s) and ExpressIFTA will notice if data you enter falls outside that range and make corrections if needed.

Then, ExpressIFTA will calculate penalties, interest, credits, or refunds based on your Base Jurisdiction’s instructions.

After that, you can email your IFTA tax report to yourself or any selected recipient.

How To Complete Your IFTA Tax Return

ExpressIFTA makes generating your IFTA tax report before the IFTA deadline simple. Plus, with our free IFTA tax calculator, you’ll get all of your IFTA filing totals with 100% accuracy.

We’ll generate an easy-to-read quarterly IFTA tax report containing everything you need in order to complete your return before the IFTA deadline. Print, download, or email your information at any time!

Use this report and our IFTA tax tools to help make your IFTA filing process simpler and quicker. With ExpressIFTA, you still have a chance to meet the IFTA deadline.