Hello taxpayers! This message is for the IFTA taxpayers to remind them that the end of the third quarter is just around the corner. This means it is time to prepare your International Fuel Tax Agreement (IFTA) reports. Reporting IFTA tax returns is crucial for trucking companies and other transportation businesses that operate between states and provinces. Missing to report your IFTA returns and pay the tax dues results in serious consequences. So, act quickly and effectively by preparing your IFTA tax reports online at TaxExcise.com. We offer a simplified online IFTA tax preparation process that helps you avoid delays and mishaps.
Timely IFTA Reporting Matters!
IFTA stands for International Fuel Tax Agreement; it is a tax collection agreement among the 48 contiguous States and the 10 Canadian Provinces bordering the United States. This IFTA agreement allows the collecting and redistributing of fuel taxes paid by interstate commercial carriers. Also, the IFTA agreement simplifies the fuel tax reporting of commercial carriers when they cross the state and provincial borders of the states and provinces under the agreement. You should apply for an IFTA license if you are based in any member jurisdiction under the IFTA agreement and operate commercial carriers in two or more member jurisdictions. The benefits of the permit include the authorization to cross the state and province borders of the members, one set of decals, and the ability to file quarterly fuel tax reports that reflect net tax and refund dues. You should stick the decals on your motor vehicle/ commercial carriers, which will serve as proof of IFTA tax payment for the quarter.
Third Quarter IFTA Deadline is Approaching!
You need to file your IFTA tax reports every quarter in your base jurisdiction to stay in compliance with the state and provincial tax policies. The agreement allows for a fair distribution of fuel taxes among jurisdictions based on the distance covered and fuel consumed in each area. This ensures that each state receives its rightful share of tax revenue. Failure to report your IFTA returns can lead to penalties, late fees and audits. So, you must stay vigilant and file your IFTA taxes on or before October 31, 2024. Since you can’t report your IFTA tax reports electronically through online service providers, you should file them on paper at your base jurisdiction. However, you can prepare your IFTA tax reports online at TaxExcise.com accurately, download them, and print and file them at your base jurisdiction.
Why Choose TaxExcise.com to Prepare Your IFTA Reports Online?
TaxExcise.com is an IRS-approved online platform that provides impeccable service for online IFTA preparation. You need to input the total miles covered and the gallons of fuel purchased for each jurisdiction your vehicle operated in during the third quarter. Our platform is user-friendly, allowing you to upload your trip data from logs or manually enter the details. Then, you can prepare your IFTA reports smoothly and calculate the taxes you owe based on the data you’ve provided, taking into account different fuel tax rates across jurisdictions. A single IFTA return preparation on TaxExcise.com is $19.99, and the package pricing for a whole year is $ 69.99. So, choose the package as per your convenience, prepare your returns, and print ‘Ready to File’ to submit them. For more queries, please don’t hesitate to contact our customer support team at 1-866-245-3918 (toll-free), available from 8 AM to 6 PM EST on all working days, or write to us at support@taxexcise.com; we will reply promptly.