IFTA Return Online IFTA Fuel Tax Information IFTA is the International Fuel Tax Agreement and is a tax collection agreement by and among the 48 contiguous States and the 10 Canadian Provinces bordering the US, in which motor fuels use taxation laws are uniform with respect to qualified motor vehicles operated in more than one member jurisdiction. File IFTA Return On Time When you file your quarterly IFTA Return late you run the risk of late fees and/or penalties and interest. A penalty of $50.00 or 10% of the net tax liability, whichever is greater, will be assessed on late-filed reports, failure to file, or for underpayment of tax due. If the net tax liability is zero or a credit, the late filing penalty will still be $50.00. To avoid penalty for late filing, the tax reports must be postmarked no later than midnight on the date indicated. Needs to file an IFTA Return You will need to file an IFTA fuel tax return if you travel in two or more member jurisdictions and your vehicle weighs more than 26,000 pounds or if the vehicle has three or more axles regardless of the weight. Required of file IFTA The following information is required on the IFTA quarterly tax return:
Total miles, taxable and nontaxable, travelled by the licensee’s qualified motor vehicles in all jurisdictions, IFTA and non-IFTA, including trip permit miles;
Total gallons of fuel consumed, taxable and nontaxable, by the licensee’s qualified motor vehicles in all jurisdictions, IFTA and non-IFTA;
Total miles and taxable miles travelled in each member jurisdiction;
Taxable gallons consumed in each member jurisdiction;
Tax-paid gallons purchased in each member jurisdiction; and
Current Tax Rates for each member jurisdiction.
Which taxes does IFTA cover? IFTA covers fuel taxes only. It does not cover road taxes, weight mileage taxes, or any other jurisdiction specific taxes. You must continue to pay these taxes directly to the jurisdictions in which you travel. Which fuels does IFTA cover? Under IFTA, you must generally report information on all fuels used to power your qualified motor vehicles. However, reporting requirements for fuel used in each jurisdiction are based on that specific jurisdiction's laws and may vary. IFTA Due Dates:
Tax Return Reporting Quarters
January – March
April - June
July - September
October - December
Interest is computed on all delinquent taxes dues each jurisdiction at a rate of . 4167% per month. Even if you have a net refund, interest still applies to each jurisdiction for any underpayment of fuels use tax to that jurisdiction and is calculated beginning the day after the due date of the return for each month, or fraction of a month, until paid. How to File? The IFTA quarterly return must be filed with your base state/jurisdiction by the due date for each quarter. Manage and track your IFTA fuel and distance records with ExpressIFTA and then simply generate, print, and mail in your return each quarter. ExpressIFTA puts the EZ in IFTA filing and makes it easy to maintain the records required for your IFTA return online, so you can file on time. To find out more about IFTA filing or get started today, contact our friendly Express Tax Support Center in Rock Hill, SC at 704.234.6005 between the hours of 8am â€“ 6pm EST, Monday through Friday or email us at support@expressIFTA.com.