IFTA trucking software makes filing your IFTA tax forms easy.
When filing your IFTA tax returns every quarter you will need to know how many miles your trucks have traveled in each state/province, and you will need to know how many gallons of fuel your trucks purchased in each state/province.
Collecting the miles by state is often times the most difficult part of maintaining good IFTA records. Some drivers go by their odometer readings and each day they record the miles per state on a mileage log. Other companies require their drivers to record these miles on their log book each day with a state by state breakdown. Any manual method of tracking your miles by state quickly becomes very tedious and troublesome. It’s just too easy to have inaccuracies. Drivers forget to write down the miles, or they don’t really care if they are accurate or not. If you don’t have accurate miles by state then you will probably be paying too much on your IFTA tax forms.
The other problem is tracking the fuel gallons by state. This one is a little easier. You might have a stack of receipts that can be totalled up, then sorted by state. A lot of people use a spreadsheet for this task, and that works fine. It is still very tedious and time consuming. Getting a fuel card helps organize fuel purchases, and is an effective way to track your gallons by state. The main thing is make sure that no fuel purchases are missing. Once again inaccurate records will cause you to pay too much IFTA taxes.
Additional Tips for Filing an IFTA Fuel Tax Report
When you file an IFTA report, be sure to report information on all fuels used to power your vehicles. Remember that IFTA is limited to fuel taxes. It does not apply to road taxes, weight mileage taxes, or any other taxes or fees specific to a particular jurisdiction. Those taxes and fees must be paid separately.
In most states, your IFTA report must be filed on a quarterly basis. Therefore, make sure to file a report each quarter. If you did not make any runs during a particular quarter, file a report for zero miles. Your state will assess a late fee for late or delinquent reports – even if you did not make any runs that quarter. Be sure to maintain records for all of your documented trips. These should include the date of your trip, route of travel, total trip mileage, miles traveled in each jurisdiction, and receipts for all fuel purchases.
IFTA Trucking Software Makes IFTA Easy
Some IFTA software programs offer you a method of tracking the miles and gallons by state but you have to enter all of your own information. TruckingOffice is the best IFTA management software available. TruckingOffice provides the miles for you automatically. All you have to do is enter in all of your trips as dispatches and TruckingOffice will calculate all miles driven and report them back to you by state. All miles are provided by PC*Miler practical miles. PC*Miler is completely integrated making it very easy to use. TruckingOffice provides a comprehensive IFTA report that displays all of your miles (empty, loaded, and toll) and all of your fuel gallons by state/province making your IFTA forms easy to fill out. To see a complete list of features go to the features page on our website.
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