Your 4th quarter IFTA return is only a few days away. That means you need to do two things. You need to have your return prepared to file by the IFTA deadline and make sure that you have all of the information required to complete your form to avoid expensive penalties and audits.
If your form is late or rejected your chances of receiving an IFTA audit could increase, and trust us, that’s the last thing you want. Audits are time-consuming and frustrating. Avoid the hassle by learning how to avoid an IFTA audit with ExpressIFTA.
How To Avoid An IFTA Audit With ExpressIFTA
The best thing you can do to avoid an IFTA audit is to simply file your return by the deadline. That means you need to file by the due date four times a year. Don’t worry about keeping track of these dates though, because ExpressIFTA has all the information you need. The IFTA deadlines are:
1st Quarter – April 30
2nd Quarter – July 31
3rd Quarter – October 31
4th Quarter – January 31
The next important thing to do is file with your base jurisdiction (home state) according to its rules and regulations. Each state has their own IFTA filing rules, and if you don’t file accordingly your return could be rejected. An example of this would be if your state requires you to e-file, but you paper file. Check out your base jurisdiction’s requirements here.
You also need to include all of the information that is required to complete your return. If you have missing information then your form will be rejected. It’s also up to you to edit your return to include missing information by the deadline. To complete your IFTA return you need your:
- Miles traveled per jurisdiction
- Gallons of fuel consumed per jurisdiction
- The tax-paid gallons of fuel purchased per jurisdiction, and
- The current tax rates per jurisdiction.
Plus, you need to make sure that all of the information on your return is correct. Figuring out your IFTA totals can be complicated due to time-consuming equations. That’s why you should let ExpressIFTA handle all of the IFTA calculations with 100% accuracy on your behalf.
The process is quick and easy. All you have to do is create your free account, enter your business and vehicle information, and enter your IFTA records at your own pace. You can keep detailed trip sheet entries or enter all of your information on a monthly basis with the quick entry screen.
You can use the bulk upload to import all of your information at once with our premade template or your own excel file. Also, you can easily import all of your mileage information directly from your GPS and we even accept ELD data to make the importing process incredibly fast and simple!
Your information will be compiled into an easy-to-read IFTA report that contains all of the calculations you need to complete your return. Each equation is 100% accurate based on the information you enter so you won’t have to waste time-solving complicated equations.
All of your IFTA return will be stored in your account on a quarterly basis, so you can keep incredibly detailed records for your business. Plus, in the event of an audit, all of your information will be easy to instantly access.
Best of all, the ExpressIFTA support team is here to help. If you need any assistance give us a call Monday – Friday from 9 AM to 6 PM EST at 704.234.6005. We also offer live chat and 24/7 email support at support@ExpressIFTA.com.
1,338 total views, 3 views today