IFTA fuel tax - PowerPoint PPT Presentation

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IFTA fuel tax

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Simple IFTA is online powerful software used to calculate your mileage and fuel details and to prepare IFTA report accurately for each quarter. Simple IFTA performs calculation based on your mileage and fuel data provided by you. At the end, you can generate the report and submit to your base jurisdiction. – PowerPoint PPT presentation

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Updated: 27 April 2022
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Title: IFTA fuel tax


1
Fuel Tax Return IFTA(INTERNATIONAL FUEL TAX
AGREEMENT ) (IFTA)International Fuel Tax
Agreement (IFTA) and Interstate User Diesel Fuel
Tax (DI) returns are filed on a quarterly
reporting basis. All IFTA e -Filed returns must
be filed timely. Qualifying commercial motor
vehicles traveling in more than one U.S. state or
Canadian province are required to file a
consolidated report of motor fuels taxes (e.g.,
gasoline, diesel fuel, liquefied gas, compressed
natural gas and liquefied natural gas taxes)
under the International Fuel Tax Agreement Due
Dates IFTA registration IFTA fuel reports are due
four times a year, the last day of the month
after each quarter closes. Even if no taxable
fuel was used or operations were conducted
during the reporting period, the IFTA fuel tax
report is required. The exact dates are April
30, July 31, October 31, and January 31.
2
Eligibility
On the 20th of the month, the actual tax for the
preceding month (less the tax paid on the last
day of the preceding month) is payable
3
Authorized remitters and authorized merchants of
fuel should record IFTA Taxes by the twentieth
of the month following the acquisition of their
fuel items Global Fuel Tax Agreement (IFTA)
registrants should record their government form
quarterly by the last day of the month following
the finish of the quarter. You can E-record fuel
tax returns on any PC, cell phone, or tablet at
the most minimal cost in the business. Abstain
from with nothing to do heading to your
neighborhood IRS office and holding up in long
queues to finish up a tax document you can do
through IFTA registration in no time. Login to
Fuel tax return your Account helpfully with your
IFTA taxes login qualifications. What is the
Late Filing Penalties for IFTA IFTA legislation
states that a penalty of 50.00 or 10 of the
taxes owed (whichever is greater) will be
calculated on late-filed reports, failure to
file, or for underpayment of tax due. If the net
tax liability is zero or a credit, you will owe
the late filing penalty. To avoid penalties for
late filings, the tax reports need to be
submitted to the correct base jurisdiction no
later than midnight on the date indicated. If
the last day of the month falls on a legal
holiday or a weekend, the next business day will
become the deadline date.
4
ABOUT US
Simple IFTA is online powerful software used to
calculate your mileage and fuel details and to
prepare an IFTA report accurately for each
quarter. Simple IFTA performs a calculation
based on your mileage and fuel data provided by
you. In the end, you can generate the report and
submit it to your base jurisdiction.
5
How to E-Filing IFTA Fuel Tax E filing fuel tax
return is as easy as 1-2 Step 1 Register with
us to e-file the fuel tax report.
Step 2 Use our www.simpleifta.com now! Process
6
  • Features Benefits of Filing IFTA with Simple
    IFTA
  • Easy Registration
  • Simple and error-free
  • Manual paperwork and data entry makes more error.
    We will eliminate your errors by simple filing.
  • Reducing paperwork
  • Login to our user-friendly website and print your
    report.
  • Compliant Mile Calculations Guaranteed Accuracy
  • We follow IFTA rates up to date and calculate
    miles using IFTA approved method. State by state
    mileage tracking
  • Secured Data Storage
  • Stores all data electronically for six years
  • Smart penalty Interest calculation
  • Error-free interest calculation
  • Automatic Surcharge calculation where ever
    applicable.

You can helpfully e-document your yearly Heavy
Vehicle Use Tax Form 2290 with the IRS for just
15 through a fuel tax return. Accept your
Stamped Schedule 1 is not more than minutes of
e-recording.
If you have an IFTA taxes IFTA account, you
consequently have an as well as the other way
around.
7
All Fuel Tax Returns are now filed
electronically. Click the link to the fuel tax
return. SIMPLE IFTA is an online service that
offers a secure, fast, and convenient way to
file your Fuel Tax Return.
Register now to generate your IFTA report in a
few minutes. Filing Starts from 15 To apply
for a fuel tax, For more detail visit our site -
www.simpleifta.com
159, Darcy Pkwy, Lathrop, CA 95330, USA
If you have questions, email
support_at_simpleifta.com
Or phone 510-474-1376 and ask for Tax
Administration. Prepare your Fuel tax return
report
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