The way it normally works is that you record your miles and turn them in to the carrier. They keep track of that quarterly and pay the tax. That normally comes out of your settlement pay, unless you have another agreement.
One issue I have ran into with these outfits is that they do not record properly, and whack you for way more than you actually owe. If your IFTA tax on one truck is running say, $600 a quarter, the outfit is ripping you off. See it all of the time out here.
If you record your own IFTA miles, use a pencil and paper to record your own odometer, do not rely on a computer or ELD. Write it down! Do this daily, every time you cross a state line write it down, record at the end of the day. Do this weekly and record ALL miles, no breaks in the odometer recording.
You start the week with 6000 miles on the odometer, at the end of the week the odometer reads 8250. That 8250 is carried over to the next week. Do NOT adjust or play with that number, even if you did 300 miles of personal conveyance. It will throw everything off, and IFTA may just tell you that you now owe $1500 vs the $32 you would have paid at the end of that quarter.
You will record your UNINTERRUPTED mileage, fuel purchases, how many gallons, and which state. I record my purchase price too.
At the end of the quarter add up these numbers. Should not take more than say 20 minutes and file the trip report in your filing cabinet incase you are ever audited or IFTA says you owe different than what you figured.
As far as the actual filing, if you have to do that yourself, call the IFTA office of the state you are licensed in. Normally it is a pretty simple procedure. Some states now have websites set up to do the quarterly filings online.
How to file IFTA report myself?
Discussion in 'Ask An Owner Operator' started by jaguar011, Sep 24, 2018.
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csmith1281 Thanks this.
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I’ll open my IFTA license this week.
Right now I’m in doubt which stickers to put on truck, my or motor carrier’s? -
I don't think you can have two at the time. Either you should close your account, or have carrier remove your vehicle from their account.
It's being registered by vin and if your vehicle has two stickers it may get unnecessary mess.jaguar011 Thanks this. -
Rideandrepair and csmith1281 Thank this.
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Dino soar, stillwurkin, csmith1281 and 1 other person Thank this.
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As long as your mileage, trip reports/log book, and fuel receipts all match, you have nothing to worry about with a audit.Dino soar, stillwurkin and csmith1281 Thank this. -
I suggest watching the Demo online for Fogline software. It will calculate for you point A to B miles for each state . All you gotta do is plug in the numbers. Or you can let the software store those ifta numbers so you can file qtrly. It also keeps a record of all ifta miles calculated for you for audits
csmith1281 and jaguar011 Thank this. -
I have a couple questions:
Can I choose what state I want to register my truck in?
As for IFTA, if I am going to file it myself, what state should I open my account in? The carriers state, or my home state, or can I register in any state? -
You can register in the state where you have residency.
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