Nebraska IFTA Information

Located in the Great Plains of the midwest with a population close to 2 million is Nebraska or “The Cornhusker State.” To receive an IFTA license in Nebraska you must submit a IRP/IFTA Application to The Department of Revenue. Nebraska currently has a $10 application fee and each additional vehicle is $1.00. Your IFTA Fuel Tax Form will be mailed prior to the end of each quarter.

 

State Requirements Nebraska IFTA Licensing

 

What is the IFTA and what does it mean to you as a carrier?  The IFTA was created to improve the administration of fuel use taxes.  Participating members, known as jurisdictions, are responsible for collecting and distributing the taxes for each licensee.  This guarantees a more efficient method of reporting and paying quarterly taxes for carriers. You need an IFTA Nebraska license if you must meet the following qualifications:

  1. Your business is based in Nebraska, and all operational controls and records are maintained and can be made available in the state.
  2. You operate a qualified motor vehicle and accrue miles in Nebraska and at least one other member jurisdiction.  
  3. A qualified vehicle is one that is designed, used, and maintained for transporting persons or property; has 2 or more axles with a GVW of more than 26,000 pounds; has 3 or more axles regardless of weight, or has a combination GVW over 26,000 pounds.

If you’re new to the trucking industry or are considering becoming a professional driver, you need accurate information about what is required of you under the International Fuel Tax Agreement.  Let’s take a look at some of the basics.

Some of the benefits of IFTA to carriers include reduced paperwork and minimized compliance requirements.  For instance, a single IFTA license allows you to travel in all member jurisdictions. A single tax return is all that is required to fulfill your reporting requirements.  Also, a single state performs fuel tax auditing.

After receiving your IFTA stickers and decals, carriers are required to file quarterly fuel use tax reports with their base jurisdiction.  The quarterly due dates are as follows:

 

Quarterly IFTA Due Dates

Q1 January – March April 30
Q2 April – June July 31
Q3 July – September October 31
Q4 October – December January 31

In Nebraska, you must submit an IFTA tax return every quarter even if no taxable miles were traveled or all miles traveled were in Nebraska only.  If you miss a due date, it can result in a penalty of 10% of the total taxes owed, or $50, whichever is more. Also, the delinquent taxes can result in the revocation of your IFTA license.   Reinstating a revoked license will involve posting a bond and paying delinquent taxes, penalties, and interest.

 

Renewing Your Nebraska IFTA License

 

Your IFTA Nebraska license is valid for one year only and expires on December 31st.  It’s best to submit the IFTA renewal before November 30th to avoid delays. In most cases, processing the application can take up to 14 days, so you don’t want to wait too long to apply.  A grace period is in place that extends through February, allowing time for you to receive your IFTA decals and display them appropriately. Remember that the grace period only applies if you have submitted your renewal on time.

 

How TruckingOffice Can Help

 

Are you unsure about being able to remember everything IFTA-related and meet the required deadlines on time?  If so, TruckingOffice can help. We make filing your quarterly IFTA easy by keeping all of your information in one place. Our program will organize all aspects of your business and ensure timely IFTA reporting.  We track everything you need for IFTA including miles by state and fuel gallons by state. Your miles are calculated automatically using PC*Miler. We utilize the latest technology to provide an efficient, accurate, and dependable solution to your administrative needs. 

Start filing your IFTA the easy way today!

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