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7/13/2009 - Are You Ready for Your Quarter 2 Fuel Tax Filing? Under the International Fuel Tax Agreement (IFTA), motor carriers who operate qualifying vehicles must register and submit quarterly fuel tax reports, along with any payments, to their base jurisdiction. The end of June marked the end of second quarter and the beginning of a busy month of number crunching for those operating IFTA-qualified vehicles. Quarter 2 IFTA tax reports and payments are due July 31. Important Deadline for Foley Services’ Fuel Tax Clients Today (July 10) is an important deadline for companies enrolled in Foley Services’ Fuel Tax Service. All Quarter 2 Daily Trip Reports and fuel tax receipts are due at our Glastonbury, Conn., headquarters today. To ensure that you have your completed IFTA Quarterly Tax Report in your hands in plenty of time for the July 31 filing deadline, please fax your trip and fuel purchase data to 860-368-2529. If you have any questions about your Fuel Tax Service, please call our Fuel Tax Specialists at 1-800-253-5506, ext 715. International Fuel Tax Agreement (IFTA) Overview The following is a quick review of fuel tax requirements designed to assist motor carriers who are not yet enrolled in Foley Services’ Fuel Tax Service. For more information about IFTA or our service, please call 1-800-253-5506, ext. 708. What is IFTA? The International Fuel Tax Agreement (IFTA) is a cooperative effort of the lower 48 states and 10 Canadian provinces to simplify fuel tax reporting and payment. Before IFTA was launched, each state had its own system for collecting fuel taxes. Though still complex, fuel tax reporting under IFTA is less of a burden for states and the trucking industry. Who Must Participate in IFTA? Motor carriers who operate an IFTA-qualified motor vehicle in commerce between at least two member jurisdictions must participate in IFTA. A qualified motor vehicle is one used, designed or maintained to transport property or persons that is:
What’s a Base Jurisdiction? There are currently 58 IFTA jurisdictions – the 48 contiguous U.S. and 10 Canadian provinces. Under IFTA, a motor carrier’s base jurisdiction is the state or province:
IFTA Registration Requirements for Operators of Qualifying Vehicles Operators of IFTA-qualified vehicles register with their base jurisdiction to obtain an IFTA license and decals for each qualified vehicle. Fees for IFTA decals and licenses, which must be renewed each year, vary by state. The IFTA decals must be displayed on both sides of a qualifying vehicle’s cab, and a copy of the IFTA license is to be kept in each vehicle. The original copy of the IFTA license is stored along with other business records in the home office. Temporary Fuel Trip Permit Option Motor carriers may opt to purchase temporary fuel trip permits, which allow a qualified vehicle without an IFTA license to travel through a state. These temporary permits vary by length and price and may be purchased from Foley Services. For assistance from one of our in-house permit specialists, please call 1-800-253-5506, ext. 708. However, as this approach is extremely costly, most operators of IFTA-qualified vehicles prefer to get an IFTA license and file quarterly fuel tax returns. Where to Get Help with Fuel Taxes Foley Services launched its Fuel Tax Service to spare motor carriers from the endless amount of data entry and number crunching necessary to complete quarterly fuel tax reports. All you need to do is send us your driver trip and fuel purchase data and we’ll prepare an accurate and professional quarterly tax report. Once you receive the completed report, just review, sign, and submit it, along with a payment for any taxes due, to your local office before the filing deadline. Our program includes all the required forms, including Driver Trip Reports and quarterly Tally Sheets and IFTA reports, and five years of electronic record storage to meet fuel tax retention requirements. To enroll, please call 1-800-253-5506, ext. 708.
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