IFTA Mileage Calculation and What Fleet Operators Need to Know

 

IFTA: What is it? The contiguous United States and most Canadian provinces have a fuel tax agreement called the International Fuel Tax Agreement (IFTA). It streamlines and centralizes fuel tax reporting, making it simpler for jurisdictions and fleet owners alike.

Truckers must, however, submit IFTA taxes and reports on a quarterly basis to comply with IFTA Mileage Calculator rules. And a significant portion of that process—the least enjoyable, to boot—involves reporting on the number of miles driven and the amount of fuel consumed in each state.

What do owner-operators and fleet operators need to know about IFTA Mileage Calculator?

The owner of a commercial vehicle must submit an application for registration with the IFTA in order to be able to legally transport people or goods across inter-jurisdictional regions. Your base jurisdiction is where the registration procedure takes place. This is where the car is registered and where the business is run; it's also referred to as your home state.

Upon approval, each registered vehicle will be given two IFTA decals, each of which expires on January 1st of the following year, as well as an IFTA license. Owner-operators are then required to finish IFTA reports and send in any quarterly taxes owed.

Owners have 30 days to finish the IFTA requirements before their driver's licenses are suspended if they don't submit their quarterly IFTA returns by the deadlines.

Additionally, the IFTA mandates that the licensee keep a thorough accounting of fleet activity going back at least four years. This will include a variety of details on connected activities, like the total number of gallons of motor fuel bought and used, records of the distance traveled by each individual vehicle, travel authorizations, and so forth.

Conclusion

eTrucks website offers a reliable IFTA Miles Calculator. So if you want to get the most accurate IFTA Miles Calculator, log into their website.

To know more about Electronic Logging Devices please visit our website: etrucks.com

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