IFTA Reporting Requirements

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IFTA Reporting Requirements

• for 2022

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What is IFTA?

• IFTA is abbreviated as International Fuel Tax
  Agreement
• IFTA is an agreement between 48 US states and 10
  Canadian provinces. It was created to simplify
  fuel tax collection and reporting for interstate
  commercial carriers.
• IFTA reports help calculate how much the truckers
  owe fuel tax in each state or province based on
  miles driven in each jurisdiction.
• Click here to know more about IFTA.

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IFTA Licence

• If carriers operate the following qualifying
  motor vehicles on highways must apply for an
  IFTA license to the base jurisdiction
• A gross vehicle weight of at least 26,000 pounds
  is required.
• Three or more axles are required.
• Trucks used to transport commercial goods across
  state borders.
• Once the IFTA application has been processed, the
  carrier will receive an IFTA license in the mail
  and two IFTA decals to display on both sides of
  the vehicle.
• Note Decals expire on December 31 of each year,
  make sure to renew every year.
• Click here to know more about how to apply for an
  IFTA licence.

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IFTA Reporting

• The major goal of IFTA licensees is to simplify
  the reporting of fuel tax and miles traveled on
  the IFTA jurisdiction information to base state.
• Carriers must report the IFTA return on every
  quarter
• 1st quarter (January to March) May 2, 2022
• 2nd quarter (April to June) August 1, 2022
• 3rd quarter (July to September) October 31,
  2022
• 4th quarter (October to December) January 31,
  2023
• Click here to know more about IFTA filing due
  dates and penalty.

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Information required for IFTA Reporting

• Tracking miles traveled in each state.
• Fuel purchased in each jurisdiction.
• Total gallons or liters of fuel that is consumed
  by a qualifying motor vehicle.
• Vehicle details such as the truck/unit number,
  gross vehicle type, fuel type, fleet name, fleet
  number, make, and model.
• Business information such as the EIN, the name of
  the company, the type of business, and the
  address.
• IFTA details including the country, base
  jurisdiction, and the IFTA Account Number.
• Visit https//www.trucklogics.com/ifta-reporting-r
  equirements to know more about the IFTA Reporting
  Requirements.

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Calculating taxes owed for each state and province

• Carrier must calculate the amount of fuel tax
  payable for each jurisdiction. This depends on
  the applicable rates during the current IFTA
  quarter.
• Fuel tax owed to State Fuel tax required in the
  State Fuel tax paid in State
• Click here to find the tax rate changes for the
  Second Quarter 2022.
• Carrier can find the amount of fuel tax paid upon
  purchase from fuel receipts or fuel withdrawal
  slips.

Get Started with TruckLogics to generate an IFTA report.
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TruckLogics - A Simplified IFTA Reporting Software

• TruckLogics offers a simplified solution to
  generate a State-specific IFTA Report.
• Enter the distance and fuel data manually or via
  bulk upload using default excel template. The
  data can also be uploaded using Motive.
• TruckLogics, an IFTA Reporting software will
  audit the mileage reported for states visited and
  fuel purchased is accurate.
• It will also create an accurate tax calculations
  and automatic tax rate updates for all
  jurisdictions every quarter. Conversions from
  Miles to Km and Gallons to liters are also
  offered.
• Finally, generate the IFTA Reports in
  state-specific formats.

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TruckLogics - A Trucking Management Software

• TruckLogics offers a complete trucking solution
  to manage the entire trucking business.
• Complete IFTA Report Generation
• Loads Dispatch Management
• Income and Expense Management
• Integration With Industry-Leaders
• Invoice Generation
• Trucking Maintenance
• Mobile App Solution. And more!
• Visit TruckLogics.com to know more about the
  Trucking management solution.

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Contact TruckLogics Support

• Trucklogics support will help the carriers and
  truckers in simplify the IFTA Reporting process.
• For further assistance, please contact support
  team through email support_at_trucklogics.com or
  call at 704.234.6946

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Thank You