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

Thursday, May 16, 2013

Non-Taxable or Exempt IFTA Miles

At Truck Services of North America, we get many questions about what IFTA miles are non-taxable and/or exempt?  Here’s some guidance:
  • Fuel trip permit miles are not taxable miles in any jurisdiction. Include fuel permit miles in the total miles section on the return but do not include them in the taxable miles for the jurisdiction that issued the permit. Toll miles are taxable miles; toll fees are not fuel taxes. They are fees in exchange for the opportunity to use a toll road.
  • Exempted Miles will be shown while you are filing for your company's IFTA, but it will not be shows in the actual IFTA form that you will submit for your tax purpose.
On the IFTA Return; you will see the total miles and the total taxable miles which will include the calculation of the exempted miles.

It is your responsibility to contact jurisdictions, individually, to determine exempt miles. It is also your responsibility to maintain records of exemptions for future review.

As a premier processing agency, Truck Services of North America can assist with your IFTA Taxes.  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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Monday, March 25, 2013

Avoid Paying Quarterly IFTA Taxes

Ever wonder you could to do avoid paying Quarterly IFTA taxes at the end of the quarter. While we hear many ideas and suggestions, the simple answer is to purchase your fuel where you run your miles.


The way IFTA works is as a "pay now or pay later" system. At the end of the quarter, the licensee completes their fuel tax report, listing all miles traveled in all participating jurisdictions and lists all gallons purchased, then the average fuel mileage is applied to the miles traveled to determine the tax liability to each jurisdiction.  When the majority of the fuel is purchased in states where the fuel tax rates are lower, it will cause the tax due at the end of the quarter will be higher. When you purchase the fuel in the states where you run the miles your tax due at the end of the quarter will be lower; hence the pay now or pay later system.

As a premier processing agency, Truck Services of North America can assist with your your IFTA Taxes.  TSNA takes the paperwork out of your way. For more details contact us at TSNAmerica.com or call 803.386.0320.
Read More »

Monday, March 18, 2013

Non-Taxable or Exempt IFTA Miles

At Truck Services of North America, we get many questions about what IFTA miles are non-taxable and/or exempt?  Here’s some guidance: 
  • Fuel trip permit miles are not taxable miles in any jurisdiction. Include fuel permit miles in the total miles section on the return but do not include them in the taxable miles for the jurisdiction that issued the permit. Toll miles are taxable miles; toll fees are not fuel taxes. They are fees in exchange for the opportunity to use a toll road. 
  • Exempted Miles will be shown while you are filing for your company's IFTA, but it will not be shows in the actual IFTA form that you will submit for your tax purpose.
On the IFTA Return; you will see the total miles and the total taxable miles which will include the calculation of the exempted miles.

It is your responsibility to contact jurisdictions, individually, to determine exempt miles. It is also your responsibility to maintain records of exemptions for future review.

As a premier processing agency, Truck Services of North America can assist with your your IFTA Taxes.  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.
Read More »

Tuesday, January 29, 2013

What Are Non-Taxable or Exempt IFTA Miles?

At Truck Services of North America, we get many questions about what IFTA miles are non-taxable and/or exempt?  Here’s some guidance:
  • Fuel trip permit miles are not taxable miles in any jurisdiction. Include fuel permit miles in the total miles section on the return but do not include them in the taxable miles for the jurisdiction that issued the permit. Toll miles are taxable miles; toll fees are not fuel taxes. They are fees in exchange for the opportunity to use a toll road.
  • Exempted Miles will be shown while you are filing for your company's IFTA, but it will not be shows in the actual IFTA form that you will submit for your tax purpose.

On the IFTA Return; you will see the total miles and the total taxable miles which will include the calculation of the exempted miles.
It is your responsibility to contact jurisdictions, individually, to determine exempt miles. It is also your responsibility to maintain records of exemptions for future review.

As a premier processing agency, Truck Services of North America can assist with your your IFTA Taxes.  TSNA takes the paperwork out of your way. For more details contact us at TSNAmerica.com or call 803.386.0320.
Read More »

Monday, January 28, 2013

How To Avoid Paying Quarterly IFTA Taxes

Ever wonder you could to do avoid paying Quarterly IFTA taxes at the end of the quarter. While we hear many ideas and suggestions, the simple answer is to purchase your fuel where you run your miles.


The way IFTA works is as a "pay now or pay later" system. At the end of the quarter, the licensee completes their fuel tax report, listing all miles traveled in all participating jurisdictions and lists all gallons purchased, then the average fuel mileage is applied to the miles traveled to determine the tax liability to each jurisdiction.  When the majority of the fuel is purchased in states where the fuel tax rates are lower, it will cause the tax due at the end of the quarter will be higher. When you purchase the fuel in the states where you run the miles your tax due at the end of the quarter will be lower; hence the pay now or pay later system.

As a premier processing agency, Truck Services of North America can assist with your your IFTA Taxes.  TSNA takes the paperwork out of your way. For more details contact us at TSNAmerica.com or call 803.386.0320.
Read More »

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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