A Quarterly IFTA tax return must be filed even if the licensee does not operate or purchase any taxable fuel in an IFTA member jurisdiction during the specific quarter. You will need to separate your mileage and fuel records for each fuel type. If you operate in New York, Kentucky, New Mexico, or Oregon you will also need to file a Weight Distance Tax Return, in each state.
What you need:
- Mileage log-whether you use manual trip sheets, GPS, or electronic trip sheets; it is not only necessary to have in order to file your quarterly IFTA, but you will need these if you are ever audited.
- Fuel Receipts-you will need to know how many gallons of fuel were purchased in each state.
Options to prepare and file your return:
- Doing it yourself, you can calculate your own return by hand and mail or e-file the return. To find out the current tax rate for each state go to www.iftach.org.
- Using a software program that will calculate your return for you, like ExpressIFTA.com, which will reduce the chances of miscalculations.
- Using Truck Services of North America and let them take care of preparing and filing the return for you.
Regardless of the method you choose to file your quarterly IFTA tax return, it is crucial to maintain accurate records and file your returns on time to avoid fines and penalties.
As a premier processing agency, Truck Services of North America can file your Quarterly IFTA Taxes for you. TSNA takes the paperwork out of your way. Check out all our services at TSNAmerica.com and fill out the Service Request Form, email us at support@TSNAmerica.com or call 803.386.0320.
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