Category: IFTA recordkeeping requirements

With April having your personal income tax deadline and your 1st Quarter IFTA deadline, it sure seems like a doozy. And other than suggesting deductions or a tax

Detailed distance records which show operations on an individual-vehicle basis must contain, but not be limited to: Taxable and non-taxable usage of fuel; Distance traveled for taxable and

Base jurisdictions are required to audit 3% of the IFTA accounts that are required to report per year, excluding new accounts.  You can prepare yourself by keeping accurate

When you file your quarterly IFTA Return late you run the risk of late fees and/or penalties and interest.  A penalty of $50.00 or 10% of the net

Base jurisdictions are required to audit 3% of the IFTA accounts that are required to report per year, excluding new accounts.  You can prepare yourself by keeping accurate

Detailed distance records which show operations on an individual-vehicle basis must contain, but not be limited to: Taxable and non-taxable usage of fuel; Distance traveled for taxable and

It is important to keep accurate records in case they are ever requested during an IFTA audit.  As stated in in the IFTA Procedural Manual, you are required

Detailed distance records which show operations on an individual-vehicle basis must contain, but not be limited to: Taxable and non-taxable usage of fuel; Distance traveled for taxable and

Complete fuel records of all motor fuel purchased, received, and used in the conduct of its business must be maintained. Separate totals must be compiled for each motor

Base jurisdictions are required to audit 3% of the IFTA accounts that are required to report per year, excluding new accounts.  You can prepare yourself by keeping accurate