Tuesday, 25 July 2017

The IFTA Deadline is Coming. Are You Ready?

Summer can be a crazy time for truck taxes! Not only do you have the Heavy Vehicle Use Tax (HVUT) deadline coming up on August 31st, but your 2nd quarter International Fuel Tax Agreement (IFTA) return is due on July 31st, and that deadline is almost here! Luckily, with the help of TruckLogics, completing your IFTA return will be quick and easy so you can keep on truckin’ stress-free.

About TruckLogics and IFTA

TruckLogics is the number one business management solution specifically designed for those in the trucking industry in order to help you save time and simplify fleet management. TruckLogics includes tons of innovative features for compliance, maintenance tracking, dispatching, IFTA records, and more, making it easy to manage every aspect of your trucking business, even while you’re out on the road.

IFTA is an agreement between the lower 48 United States and the Canadian provinces. It is used in order to simplify the reporting of fuel tax usage of motor carriers that operate in more than one jurisdiction. The purpose of IFTA is to calculate the net tax or refund due and to redistribute taxes from collecting states that are due. This report is filed on a quarterly basis and for staying compliant with these reports the operating vehicles receive an IFTA license and two IFTA decals.

You must file a quarterly IFTA return if your motor vehicle is used, designed, or maintained for the transportation of persons or property, the power unit has two axles and a gross weight of 26,000 pounds or more, the power unit has 3 or more axles regardless of weight, or is used in combination and the weight of the combination is equal to or greater than 26,000 pounds in vehicle weight.

In order to complete your IFTA return you need to file for your jurisdiction ( the state where your vehicle is registered) and include the:

- Total miles traveled per jurisdiction, including the nontaxable ones.
- The total gallons of fuel consumed per jurisdiction.
- The total amount of taxes paid on all fuel purchases.
- The current tax rate per jurisdiction.
TruckLogics can help you accurately calculate your totals and instantly complete your IFTA return by offering quarterly IFTA reports that track your totals. All of the miles you travel can be routed with ProMiles to find the most efficient route and the totals from your trip sheet are automatically recorded in your IFTA report.

Also, TruckLogics is mobile, making it incredibly easy to track your IFTA totals while you’re on the road. Every time you make a fuel purchase you can enter the amount purchased, tax paid, and more to update your IFTA reports. You can also take photos of your receipts to upload to your TruckLogics account and save for later.

When you’re ready to file your IFTA return you can use the reports to instantly enter your totals to complete your return in a matter of minutes. Plus, your IFTA reports can be emailed or printed to go anywhere they need to! If you need a place to file your return check out ExpressIFTA.com, the most convenient way to file your IFTA return online. 

Contact TruckLogics

If you have any questions about IFTA please don’t hesitate to contact our dedicated support team. We’re here for you Monday - Friday from 9 AM to 6 PM EST at 704.234.6946. We also offer live chat and 24/7 email support at support@trucklogics.com. Also, use your free 15-day trial to test TruckLogics out for yourself! 

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