Tuesday, 3 October 2017

The 3rd Quarter IFTA Deadline Is Almost Here

Generate Your IFTA report with TruckLogics
Happy October! It’s actually most people’s favorite month because they get to eat candy and wear costumes without being judged...depending on how far they take things. One of our favorite things about October along with candy binging is carving pumpkins to ward off evil.

One of these evils is actually IFTA and the third quarter deadline is on October 31st!!! You have just heard scary organ music and the sounds of thunderstorms while reading that, but that’s normal because IFTA can be a filing nightmare for some truckers. However, there’s no need to worry with TruckLogics here to help simplify IFTA reporting.

All About IFTA

For those rookies who need a little refresher about IFTA, it’s the International Fuel Tax Agreement. It’s an agreement made between the lower 48 United States and the Canadian provinces to simplify the reporting of fuel used by heavy vehicles that operate in more than one jurisdiction.

Trust us, IFTA actually has made things simpler. Before IFTA was put in place each state had their own rules and regulations for reporting, meaning you had to follow the reporting rules for each jurisdiction you traveled in! You also needed decals for each jurisdiction you traveled in.

If you own an IFTA qualifying vehicle that complies with the law you will need an IFTA license and two decals which much be clearly displayed under the driver side window.

Your vehicle qualifies for IFTA if it’s used, designed, or maintained for the transportation of people and property and:
  • Has two axles and a gross vehicle weight or registered gross vehicle weight greater than 26,000 pounds and or 
  • Has three or more axles regardless of weight and or 
  • Is used in combination and the weight is greater than 26,000 pounds or the gross registered vehicle weight is greater than 26,000 pounds. 
In order to complete your return you need to file with your base jurisdiction (the state where your vehicle is registered) and provide the following information:
  • Total miles traveled per jurisdiction
  • Total gallons of fuel purchased per jurisdiction 
  • Tax paid on all fuel purchases 
  • And the current tax rate per jurisdiction. 
Now that may seem like a lot, but with TruckLogics tracking those totals is simple! By planning your trip with ProMiles not only will you be finding the most fuel-efficient route, but you’ll be recording precise mileage per trip for your IFTA report. The miles will be accurately recorded per jurisdiction.

Track your IFTA totals online with TruckLogics
Also, with TruckLogics expense tracking feature, you can easily record your fuel purchases at any time from any location. You can even take a photo of your fuel receipt and upload it to TruckLogics for your IFTA records.

You can also enter your IFTA information at your own pace, per trip or for multiple trips at a time and all of your information will be compiled into IFTA reports with accurate calculations based on the information you provide.

Best of all, all of your IFTA information will be stored in your account in quarterly IFTA reports. This provides a central location for you to keep all of your IFTA information online! They organize all of your IFTA calculations in an easy to read report and automatically calculate the amount of IFTA tax you owe. Also, the reports can be emailed or printed and easily used to instantly complete your IFTA return!

Knock Out IFTA Today!

What are you waiting for? The deadline is only getting closer. Sign up for your free 15-day TruckLogics trial right now to see how easy IFTA reporting can be. Also, if you have any questions we’re here to help. Give us a call Monday - Friday from 9 AM to 6 PM EAST at 704.234.6946. We also offer live chat and 24/7 email support at support@trucklogics.com.

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