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Showing posts with label IFTA Return. Show all posts
Showing posts with label IFTA Return. Show all posts

Monday, January 8, 2018

The 4th Quarter IFTA Deadline is Almost Here

Hey, trucking nation! We hope you’re staying safe and warm out there. This winter has been one for the books so far. However, while navigating your trips around harsh winter storms don’t forget that tax season is here!

You know what's even harder than staying warm? Explaining to the IRS why you missed important tax deadlines! That’s why you shouldn’t let the 4th quarter IFTA deadline on January 31st sneak up on you.

The 4th Quarter IFTA Deadline is Almost Here


Because the 4th quarter IFTA due date is less than a month away, we’re here to help you prepare to file. In case you need a little refreshing, IFTA is the International Fuel Tax Agreement that was put in place by the 48 contiguous United States and 10 Canadian provinces.

The purpose of IFTA was to simplify the reporting of fuel use by qualified motor vehicles traveling between two or more jurisdictions. The taxes collected are equally redistributed among each participating jurisdiction.

Your vehicle qualifies for IFTA if it:


  • Has two axles and a gross vehicle weight exceeding 26,000 pounds
  • Has two axles and a registered gross weight of 26,000 pounds 
  • Has three or more axles regardless of weight 
  • Or has a combination weight exceeding 26,000 pounds. 
To comply with IFTA you will need to apply for your IFTA license with your jurisdiction or state where your vehicle is registered. Then keep it in your cab at all times. You will also receive two IFTA decals that you will need to keep on your driver’s side door. Plus, you have to file your IFTA return four times a year.

The following information is required to complete your IFTA return:


  • Total miles traveled per jurisdiction 
  • Total gallons of fuel consumed per jurisdiction 
  • Total tax paid gallons of fuel purchased per jurisdiction 
  • And the current tax rate per jurisdiction. 
If you fail to file your IFTA return you will have some expensive IFTA penalties to deal with. For example, if you don’t file by the deadline you will face a penalty of $50 or 10% of the total fuel tax you owe, depending on which amount is more.

On top of that, you will face a monthly penalty of .4167% of the total amount of IFTA tax you owe until you pay the amount in full. Your base jurisdiction also reserves the right to impose their own penalties and revoke your IFTA license and we know you don’t want that!

ExpressIFTA Is Your IFTA Reporting Solution


At TSNAmerica we have your back to help you easily prepare your IFTA report to file by the deadline. Simply check out our sister, ExpressIFTA to easily import and track all the information you need to complete your IFTA return online in one convenient location.

The process is quick and easy! You can import all of your data at once with the bulk upload feature or even directly upload all of your mileage information right from your GPS. However, you can also keep detailed trip sheet entries. ExpressIFTA lets you handle your reporting at your own pace.

Then at the end of each quarter, all of your totals will be automatically calculated in an easy to read IFTA report. Your IFTA report can be downloaded, printed, emailed, and used to instantly complete your return!

Visit ExpressIFTA for more information.


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Thursday, November 6, 2014

Breaking News for Truckers: IFTA Grace Periods & Filing Extensions–We've Got the Scoop!







Extra, Extra, Read all about it!

TSNAmerica here, with breaking news to keep you truckin’.

We’ve got great news on the IFTA front today! News that just couldn’t wait until our Newsletter.

No matter which state you’re based in, this info applies to you, so read on & feel free to share with friends!




Louisiana 3rd Quarter Deadline Extension


The Louisiana Department of Revenue (LDA) released a statement yesterday extending the deadline for 3rd Quarter IFTA filings submitted electronically.

Here’s why. The LaTAP (Louisiana Taxpayer Access Point) web application for submitting IFTA returns electronically was unavailable from Monday October 27th, 2014 to Tuesday November 4th, 2014. The maintenance to this E-filing system coincided with the IFTA filing deadline on October 31st, 2014.

As a result, the LDA is extending the deadline for September filings to Monday November 17th, 2014. All September filings will be considered on-time if submitted by this date, and LDA will waive all late penalties and interest fees. The system upgrade may also delay Louisiana distributing the IFTA revenue to other jurisdictions.

This is great news overall for LA IFTA licensees! If your IFTA filing was late for any reason, be sure to submit it through the LaTAP system by the 17th to avoid any late fees! Call TSNAmerica at 803.386.0320 if you need assistance!

IFTA Credential Grace Period


CEO of the International Fuel Tax Association, Lonette L. Turner, issued a statement Friday to all IFTA members. In it, she announced the grace period protocol for the proper display of IFTA credentials in January and February of 2015.

While renewal applications are due by December 31st in all states, it usually takes a few weeks to receive the new license and decals from each base jurisdiction. The grace period was implemented to cover this gap between applications being submitted and credentials being received.

The excerpt below is taken from the IFTA Articles of Agreement, Section R655.

R655 Grace Period

  • .200
    Carriers renewing their IFTA license and decals have a two-month grace period (January and February) to display the renewal IFTA license and decals. To operate in IFTA jurisdictions during this grace period, carriers must display either valid current or prior year IFTA license and decals from the jurisdiction in which they were operating or a valid single-trip permit from the IFTA jurisdiction in which they are operating.

So let’s break it down. This means there are three options available to trucks operating in IFTA member states during January and February of 2015.

  1. 1. Display a valid 2015 IFTA license and two IFTA decals issued by your base jurisdiction. As they say, the early bird gets the IFTA decals! Good on you if you have these credentials in time! But in case you don’t…
  2. 2. Display a valid 2014 IFTA license and two IFTA decals from your base jurisdiction, but only if you’ve already filed your 2015 renewal application!
  3. 3. You snooze, you buy permits! The third option is to purchase a trip permit from all IFTA member states you will be operating in during those two months. 

Option 3 is certainly the most costly, so be sure to file your license renewal soon! Ms. Turner reiterated that this grace period in no way applies to renewal filings. The extension only applies to the display of new IFTA credentials. Renewal applications are still due by December 31st, 2014.

If you have yet to file your IFTA renewal and you have two busy months ahead, let us handle it for you. TSNAmerica gets the paperwork out of your way so you can focus on the road.

And if you’re already stressing over 4th Quarter IFTA filings, we can help with that too! Simply send us your completed trip sheets, and we’ll prepare your return for you. No calculations, no long forms to fill out. We’ll also submit it directly to your base state so you don’t have to.

Call us at 803.386.0320 or send us an email support@TSNAmerica.com. And stay tuned for more breaking trucking news!

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Wednesday, October 1, 2014

3rd Quarter IFTA Deadline: A Cautionary Tale for Late Filers

With 6 A.M. came the mingling of the lights. That brief moment when Night and Day dance together, one inevitably yielding to the other. The creeks and hums of Night slowly giving way to the first stirrings of morning.

And as that first bit of dawn leaked through the curtains of his cab window, Bobby’s alarm suddenly awoke him with an ear-piercing chord.

He stirred from his slumber to silence his phone with a *smack.*

It was just another day on the road for Bobby… or so he thought. But this day’s events would turn out to be far more sinister.

As he rubbed his eyes and glanced at his phone, a small reminder popped up: “IFTA Due Today.” His heart beginning to thump wildly, he glanced at his calendar to see the cold, hard truth of it.

It was October 31st, 2014, the Day of the Deadline.

Bobby often thought about the approaching third quarter IFTA deadline, but his thoughts were quickly diverted by more pressing matters. 

Upcoming maintenance on his truck. Delivering his cargo on time. Desperately seeking a few solid hours of rest. 

Bobby, like so many others, assumed he’d get around to IFTA later. And later never came.

Accepting the harsh reality, Bobby sprung from his bed, one hand buttoning his shirt, the other rummaging around for a shoe box filled with fuel receipts.

He retrieved the box, and slowly pried off the lid to reveal its horrifying contents.

Dozens of receipts, old and new, twisted and writhing upon one another like a fistful of worms. Many illegible. Many more missing.


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


Bobby knew he needed original receipts for all fuel purchases. “Now is not the time to panic,” Bobby repeated to himself. But it was futile. Panic already had Bobby is his steely grip, and the grip was getting tighter each second.

Beginning to lose hope, Bobby grabbed his incomplete trip sheets, powered up his laptop, and began typing them up, line by line.

Minutes became hours. And each hour felt the length of an eternity.

Squinting at the screen with his heavy eyelids, Bobby’s bloodshot eyes suddenly grew wide as he noticed the time. The deadline had passed, and Bobby’s IFTA filing was late. Again.

This wasn’t the first time Bobby missed the deadline. He was all too familiar with late filing penalties. So he carried on, knowing that the sooner he filed, the better.

Racing to finish, he filled in the gaps on his trip sheets the best he could. He “guest-imated” his fuel use based on a standard MPG. But in his haste, Bobby made these dire mistakes–and many more. Mistakes that would cost Bobby dearly.


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


Months had passed, and Bobby had almost forgotten that fateful night. Until one brisk evening, he sat alone and exhausted in the quiet of his cab.

The phone rang.

Bobby, startled, peered over to his phone to see who was calling. It was an unfamiliar number he’d never seen before.

He reached over and slowly raised the phone to his ear. “Hello?” Bobby croaked.

Nothing.

“Hello?” he said more loudly. Still nothing. Sleep deprived, he wondered if he’d imagined the phone ringing. Just as he went to hang up, he heard someone on the other end. Breathing.

“Hello!” he said a third time, crazed with anticipation! The menacing breath quickened.

Finally, a somber voice spoke. “Mr. Hawkins, good evening. I’m calling to notify you...you’ve been selected for an IFTA audit.”

The phone slipped from Bobby’s hand. Stricken with shock, he sat staring blankly at the floor. He knew he’d gone too far. He knew his day of reckoning had come. And he wondered how he could’ve done things differently.

“If only I’d been more prepared,” he lamented. If only he’d known about TSNAmerica.



So I ask you, readers, will you be ready for the 3rd quarter IFTA deadline this October 31st?

You too can avoid the horrors of last-minute IFTA filing by heeding this cautionary tale.

Don’t wait until the last minute. Call Truck Services of North America and start preparing today. We’re available via phone at 803.386.0320, on live chat, or via email assistance at support@TSNAmerica.com.

Just send us your completed Trip Sheets, detailing your exact mileage and fuel use per jurisdiction, and we will use them to prepare and file your IFTA return for you, directly with your state. No calculations. No waiting in line. No worries.

And remember, even if you didn’t travel at all this quarter, you are still required to file if you hold a valid IFTA license.

Don’t waste your Halloween frantically filing your IFTA return. Leave it to us, and go out Trick-or-Treating instead. You deserve to have a little fun!

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Thursday, July 17, 2014

Avoiding an IFTA Audit

Did you know that each base jurisdiction is required to audit 3% of its IFTA accounts per year? This policy
is in place to ensure that all drivers are keeping accurate fuel and mileage records according to IFTA standards— meaning that any driver can be selected at random for an audit, sometimes with little or no time to prepare. 

However, not all audits are determined at random. Quarterly IFTA filings are reviewed to check for
inconsistencies and errors. As such, inaccurate or insufficient record keeping could trigger an audit. So what can you do to avoid being audited?

Of course, the best way to avoid–and to survive–an IFTA audit is diligent record keeping. The reports, along with the originals, should be kept on hand for four years after the filing date. Beyond these basics, there are a few common mistakes drivers should steer clear of. These will give the appearance of non-compliance, even if you are doing everything right.


Here are some red flags for IFTA auditors:

  • Non-continuous Jurisdictions: Trip logs must show continuity from the starting point to the destination, with every district in between. It’s impossible for a vehicle to begin in California and suddenly be in Utah. This is a glaring error to auditors.
  • Gaps in Mileage: This occurs when your end of the day trip logs don’t match up with the beginning of the next day. Often this happens because drivers don’t realize that their personal or leased miles must also be included on the trip logs. 
  • Over-simplified Fuel Calculations: When reporting fuel, it is not acceptable to divide your miles traveled by a predetermined Miles Per Gallon estimate as MPG will naturally fluctuate. The precise fuel use and mileage must be recorded.
  • Skewed MPG: If your average MPG varies drastically from one quarter to the next, there needs to be a legitimate reason, such as different road conditions, varying weights of the loads carried, etc. If the reason is not apparent, it could trigger an audit.
  • Excessively High/Low MPG: The average MPG for a heavy vehicle is between 5-10 MPG. If your MPG falls outside of this range, there is likely an error in calculations. Moreover, some states will not let you file your IFTA return until your MPG is within that range.

Remember that even if you avoid these pitfalls, there is still a chance that you will be chosen at random for audit, which means you need to be prepared in order to avoid potential penalties, such as double taxation or even license revocation for non-compliance.

If the paperwork required for IFTA is getting out of hand, Truck Services of North America is always here to help. We not only calculate the tax amount due and prepare the return based on the information provided to us, we also file it directly with the state department. We also file HVUT Form 2290, IRP, and much more on your behalf, cutting down on paperwork and increasing time you can spend on the road.

To find out more about the array of premier services we offer, visit TSNAmerica.com, and send us a Service Request Form, email us at support@TSNAmerica.com or call 803.386.0320. You’ll always speak to a real person, not an automated system. And if we don’t already know the answer to your question, we will find it!


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Monday, October 15, 2012

2012 IFTA 3rd Quarter Filing Deadline is Coming!

IFTA is the International Fuel Tax Agreement between the 48 contiguous States and 10 Canadian Provinces, where the member jurisdictions act cooperatively to administer and collect motor fuel use taxes.

The purpose of IFTA is to establish and maintain the concept of one fuel use license and one administering base jurisdiction for each license holder (licensee). Under IFTA, you only have to report to one state and the state allocate the fuel tax payments.  For more details see http://www.iftach.org.
We are halfway through the filing period for 3rd quarter. The fuel taxes are due quarterly and October 31st is the deadline for the 3rd quarter. (July, August, September) We are half way through the filing period, so get your IFTA filed today!

What you need to file:
 
  • Mileage log 
  • Fuel Receipts 
  • Any IFTA correspondences pertaining to your account (if applicable)
Late Filing or Not Filing could result in the following: 
  • IFTA filing (late fee) plus interest (if applicable) 
  • Possible suspension of IFTA license 
  • Possibility of having IRP/Apportioned Plate account affected 
  • Citation from DOT if caught operating on a delinquent and or suspending IFTA license 
  • Threat of having your entire transport operation shut down
The IFTA filing process may be vary slightly depending on your base jurisdiction state.

If you are new and not sure what to do or would rather not have to take the time to file your IFTA, contact Truck Services of North America at TSNAmerica.com today.  As a premier processing agency, Truck Services of North America can set up your IFTA accounts and file your Quarterly IFTA Taxes for you. TSNA takes the paperwork out of your way! For more details contact us at TSNAmerica.com or call 803.386.0320.
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Friday, October 5, 2012

Prepare Your IFTA Calculations for the Third Quarter of 2012

The International Fuel Tax Agreement requires all qualified motor vehicles to file an IFTA return each quarter if the qualifying heavy vehicles were operating in at least 2 of the IFTA member jurisdictions.  

Note: The IFTA jurisdictions include the 48 contiguous states of the US and 10 Canadian provinces.  

Vehicles operating within these jurisdictions must have an IFTA license and file a quarterly IFTA return with their base jurisdiction.  A vehicle’s base jurisdiction is the state or province in which the vehicle is registered.

Information you will need to file:

  • IFTA license number
  • Trip Sheets
  • Fuel Receipts

As a premier processing agency, Truck Services of North America can set up your accounts and file your Quarterly IFTA Taxes for you.  TSNA takes the paperwork out of your way. For more details contact us at TSNAmerica.com or call 803.386.0320.
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Tuesday, July 17, 2012

Casino Bus Driver arrested for displaying fraudulent IFTA stickers


On July 9th, Hellertown Police say Jun Ying Li, of the 600 block of 59th Street, Brooklyn, N.Y., was driving a casino bus for Global Bus Tours Inc. when it was stopped in the 1500 block of Main Street at 10:39am.  After it was discovered that the International Fuel Tax Agreement decals that were displayed were fraudulent, Li was arrested on charges of Altered, Forged or Counterfeit Documents and Plates; Tampering with Public Records or Information; and Identification Markers and License or Road Tax Registration Card Required.

Li’s bail was set at $2,500 unsecured.  Doesn’t seem worth it?  Filing for 2nd Quarter IFTA taxes deadline is July 31, 2012.  In order to renew at the end of the year to receive current decals, all taxes must be paid.  

Truck Services of North America can prepare and file your IFTA return quickly and accurately, ensuring that you stay compliant with the IFTA rules. So give us a call today at 803.386.0320 and let TSNA take the paperwork out of your way.
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Wednesday, July 11, 2012

IFTA deadline for 2nd Quarter Filing is July 31st

You qualify for an IFTA license if you operate your qualified motor vehicle in any U.S. state or Canadian province that is a member of the International Fuel Tax Agreement. To qualify, your vehicle must meet the following weight requirements:
A vehicle used or designed to transport people or property is a qualified motor vehicle if it:
 
  • Has three or more axles; or 
  • Has two axles and a gross vehicle or registered gross vehicle weight of more than 26,000 pounds or 11,797 kilograms; or
  •  Is used in a combination that has a combined or registered gross vehicle weight of more than 26,000 pounds or 11,797 kilograms.
A recreational vehicle such as a motor home or a pickup with a camper is not considered a qualified motor vehicle when an individual uses it exclusively for personal pleasure. Vehicles used in connection with a business operation are not considered recreational.

Let TSNA, take the paperwork out of your way so you can focus on the road.  TSNA offers full service IFTA filing services, as well as many others.  Check out our services at www.tsnamerica.com.
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Tuesday, June 5, 2012

Advice I Wish I Received When I First Started Truck Driving

Whether you are a new or experienced trucker, here’s something you may interesting/entertaining that I found on thetruckersreport.com.

Last week I asked the members of our truckers forum to think back on their careers. If they could travel back in time to when they first started driving, what advice would they give themselves? Their answers are below, covering a range of subjects and opinions.

Driving
  • Relax, don’t let the stupid crap cars and trucks do around you get your blood pressure up. After I realized this trucking became a lot more enjoyable.
  • Going faster doesn’t make you a better driver.
  • Don’t let other big mouth CB cowboys get to you on the radio. If some flatbed owner op comes along in the hammer lane doing 71 and a half mph on the radio cursing because everyone is in his way, turn the radio off and realize you’re not going slow, he is speeding.
  • Take it easy. That means let people in, don’t sweat other people cutting you off, don’t let the little things get to you, don’t be in a hurry (always a bad idea).
  • Don’t let those 4-wheelers behind you make you begin to panic and make you lose focus. They live here, you don’t. They know where they’re going. You don’t. They can always go around you.
  • Always pay attention. Be very patient.
Docking and Parking
  • Good, consistent backing ONLY comes with experience
  • I kick myself now for kicking myself back then for messing up backing. I realize now that I was just learning.
  • If that last open parking spot looks like it could be a pain to back in to, it probably is. Go find somewhere else to park and leave that spot for someone who either has better skills or worse judgement.
Careers
  • If you see a job that “might be for you”, go for it, don’t hang on the fence second guessing everything.
  • The grass ain’t greener on the other side of the fence..Get your experience, get on with a good company and stay there!..Don’t get a reputation as a job hopper.
  • Far as starter companies are concerned,the grass is never greener on the other side.
  • Even if you are right out of school, you don’t have to go over the road with a crappy company to make a living driving.
  • As far as making money goes, this is the golden rule: It’s what you haul, not where you haul.
Safety and Regulations
  • Don’t let dispatchers push you to run illegal. Running too hard will eventually catch up to you and when you get involved in an accident the company will disavow any knowledge that you were running hard, violating the HOS reg at your dispatchers request. In short you will be thrown under the bus and replaced. WE ARE ALL REPLACEABLE. Toughest lesson I have ever had to learn.
  • I wouldn’t of let dispatchers bully me into running and running.
Family
  • I would have looked for something closer to home so I could see my kids grow up and not miss birthdays and holidays… that was the toughest part of my career.
  • Your kids and your wife should always come first. Unless, of course, you don’t like your family. Then, stay out as long as you want, but then, you should do something about not liking your family.

Attitude and Dealing With Others
  • No matter how much you hate your dispatcher/FM/DM (or whatever your company calls them)…keep them happy. They can and will…make you or break you.
  • The desire to express your frustration with some of the people we associate with is understandable, however if you are patient and kind, time will usually weed out the whiners and reward hard work.
  • Develop a sense of humor, if you don’t already have one. Otherwise, this business will chew you up and spit you out.
Health and Diet
  • Don’t eat the corn dogs, they’re addictive
  • Eat healthy from the get go, not 5 years into your career.
  • Eat healthier and watched the truckstop food from day 1 not years later
  • I wish I would have taken better care of my body. Eat better food and exercise more.
  • I wish I wouldn’t have kept jumping off of my flatbed trailers, especially after the old guys warned me that I would regret it later.
Miscellaneous
  • Don’t change everything on the truck to make it ride smoother. Don’t change the springs, shocks, alignment, tires, seat, wheel balance, etc. Instead, trade trucks.
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