Your 4th Quarter IFTA Return Is Due Next Week

Ready or not, the 4th quarter IFTA deadline is here! That means you need to file your IFTA return with your base jurisdiction (home state) by midnight tonight or you will have expensive penalties to face. This may seem like a hassle since IFTA can take hours of figuring out complicated calculations to complete.

However, with the help of our sister product, ExpressIFTA, you can actually quickly and easily prepare your IFTA report and use it to instantly complete your return. Plus, we’re going to go over the IFTA basics so you’ll have everything you need to know.

The IFTA Deadline Basics

First of all, IFTA is the International Fuel Tax Agreement. It was put in place for the purpose of simplifying fuel reporting by those who operate qualifying motor vehicles in two or more jurisdictions. This agreement includes the lower 48 United States and 1 Canadian provinces.

IFTA reporting actually makes a major difference, because before it was put into place each state had their own complicated rules and regulations for fuel use reporting. Now the quarterly IFTA return is used to easily determine the net tax refund due to and redistribute taxes from collecting states to states that are due.

Your vehicle qualifies for IFTA if you travel between two or more jurisdictions and:

• Has two axles and a gross vehicle weight of 26,000 pounds or more
• Has a gross registered vehicle weight of 26,000 pounds or more 
• Has three or more axles, regardless of weight and/or 
• Is used in combination when the weight of the combination exceeds 26,000 pounds in gross vehicle weight or registered gross vehicle weight. 

To comply with IFTA you will need to apply for your IFTA license with your base jurisdiction (home state). Be sure to keep it in your cab at all times. You will also receive two IFTA decals that you need to place on your driver door. Then you will need to complete your IFTA return four times a year.

In order to complete your return you will need to provide the following information:

• Total miles traveled per jurisdiction 
• Total gallons of fuel consumed per jurisdiction 
• The total tax-paid gallons of fuel purchased per jurisdiction, and 
• The current tax rate per jurisdiction 

Online IFTA Reporting With ExpressIFTA 

ExpressIFTA has streamlined the IFTA reporting process to be incredibly quick and convenient in one online location. You can easily import all of your information then they will automatically calculate all of your IFTA calculations with 100% accuracy.

The IFTA totals will all be listed in an easy to read IFTA report that can be downloaded, printed, and emailed. Best of all, the report can be used to instantly complete your IFTA return!

After creating your free ExpressIFTA account you can import your IFTA records at your own pace. For example, you can import your data per trip with the trip sheet entries feature, or upload all your information for the month with the quick entry screen.

You can also use the bulk upload feature to import all of your information at once, or directly pull your mileage records from your GPS. Plus, ExpressIFTA even accepts ELD data!

There’s no better way to prepare for IFTA, so why wait? Get started and avoid penalties now! If you need any assistance please don’t hesitate to contact the live TSNAmerica US-based support team. We’re standing by to help.

Read More »

The Easiest Way To E-File Your Trucking Business Taxes

If you are an owner-operator or fleet owner and your pay trucking employees or contractors, you need to file your 1099s or W-2s by January 31. Like most small business owners, you’re probably pressed for time, so how can you quickly and accurately e-file your employment tax forms?

Luckily, we’ve got a solution for you! With TaxBandits, you can e-file your forms quickly and securely, and have them sent to your employees or contractors easily. Here’s how it works.

Trucking Business Taxes with TaxBandits 

TaxBandits makes trucking taxes easy by offering an easy interview-style process and helpful tips all along the way. Just create an account, verify your business information, and start generating and filing your trucking taxes.

You won’t even need to worry about printing and mailing
forms - we’ll take care of it for you! Simply use our mailing feature for a small extra fee and your employees and contractors will receive their forms with no extra effort from you. 

E-file with TaxBandits

The whole process is simple, quick, and affordable. Get started with TaxBandits today to beat the January 31, deadline.

Read More »

Here's How to Easily Keep Your Truck Maintenance Up to Date in 2021

Keeping your truck up-to-date with service intervals can be difficult, especially if you’re always on the road or overseeing lots of vehicles.

But it’s no secret that well-maintained, up-to-date vehicles will have fewer breakdowns, get better gas mileage, and cost you less money.

So how do you keep track of truck service intervals and keep them running longer? Here are our top tips for keeping your truck service intervals up-to-date.

Track mileage from your computer

It's not good enough just to have paper logs or ELDs. Neither of those can send you automated updates to remind you of service intervals. What you need is a software that tracks your mileage ahead of time-based on dispatch information, and then applies that to the specific truck running the route.

Fortunately, our sister product TruckLogics does just that. When you enter dispatch information, you can attach a truck or trailer and TruckLogics will keep track of how many miles it has run. Depending on the service interval preferences, TruckLogics will send you automatic updates when it’s time for truck or trailer maintenance.

Track all kinds of maintenance

But what if you want to check electrical components every several months, in addition to getting the tires serviced every several thousand miles? TruckLogics can send you reminders about that too. 

TruckLogics tracks service based on the parameters you choose, whether mileage or time. You can even enter notes about what needs to be done and select a preferred vendor to perform the maintenance.

Use TruckLogics

If you’re a company driver, owner-operator, or fleet manager, using TruckLogics can help you keep track of your service intervals.

By employing TruckLogics powerful maintenance scheduling tools, you won’t have to ever forget another oil change, annual registration fee, tune-up -- or anything else -- again.

Get a 15-day free trial today! There is no obligation and no payment information required.

 

Read More »

How To Report IFTA In No Time

The 4th quarter IFTA deadline is on January 31!

We know IFTA reporting can be a serious hassle -- especially when you’re short on time.

The calculated and reporting process can be maddening when done alone. 

IFTA exemptions and rates change every year, constantly complicating the process.

But you don’t have to be a mathematician to accurately report and calculate your IFTA taxes. 

You just need ExpressIFTA.

Reporting ExpressIFTA

With ExpressIFTA, reporting IFTA taxes is super simple.

Just enter your miles and fuel purchases for each date or bulk upload from a spreadsheet or ELD. Then, ExpressIFTA will take that information and automatically calculate your tax due and give you a detailed report that you can use to file with your base jurisdiction.

ExpressIFTA will even check for common errors in your IFTA reporting.

Use ExpressIFTA Today

ExpressIFTA is convenient, accurate, and affordable. Generate your report today!

Want more help?

Check out this helpful step-by-step guide to generating your report with ExpressIFTA!

Read More »