ARE YOU COMPLIANT? LET US HELP
Carriers are required on a quarterly basis to report their fuel purchases and consumption that occur in the 48 continental United States and 10 Canadian Provinces. This can become a big hassle for you and your team when it comes time to report on all of your fuel purchases throughout the year. Quality Business Services has an experienced team to help you not only stay compliant with your fuel taxes, but we also save you resources by filing all your reporting for you.
WHAT IS IFTA?
IFTA (International Fuel Tax Agreement) is an agreement between the states that allows carriers to report fuel usage to the state in which their business is located, rather than in each individual state they run. Carriers are required to save fuel receipts and/or fuel card statements. These documents are used for reporting purposes as well as trip sheets with documentation that include miles driven in each state.
WHO IS REQUIRED TO REPORT IFTA?
WHEN ARE IFTA REPORTS DUE?
If your trips occur in these months.
January / February / March
April / May / June
July / August / September
October / November / December
You must report by these dates.
» IFTA reports must be filed to your base jurisdiction on a quarterly basis. Penalty – Carriers who don’t file will incur a financial penalty of $50 or 10 percent of the amount of taxed owed, whichever is greater, as well as revocation of their IFTA license.