IFTA 4TH QUARTERLY TAX HELP
 -
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

SERIOUS AUTO TITLE PROBLEMS: Dealer/Auction Went out of Business Without Giving a Title (Segment 5)
SERIOUS AUTO TITLE PROBLEMS: DMV MADE A MISTAKE ON MY AUTO TITLE! (SEGMENT 4)
SERIOUS AUTO TITLE PROBLEMS: RECEIVED A JUMPED AUTO TITLE (SEGMENT 3)
SERIOUS AUTO TITLE PROBLEMS: SELLING A VEHICLE WITHOUT A TITLE (SEGMENT 2)
SERIOUS AUTO TITLE PROBLEMS (SERIES)

Most Popular Posts

IFTA FILING 2ND QTR 2011 IS DUE
Multiple Owners on a Vehicle Title
VEHICLE TITLE SKIPPING
WHAT IS A NON REPAIRABLE CERTIFICATE
Motor Carrier Permits: IRP/IFTA Trip Permits, Overload Permits& Hauling Permits

Categories

1st Quarter IFTA Tax Filing
3rd Quarter IFTA Tax Filing 2012
4th Quarter IFTA Tax Filing
ABANDONED VEHICLES SERVICE ASSISTANCE
ABANDONED VEHICLES TITLE HELP
AUTO DEALER/AUCTION OUT OF BUSINESS
BILL OF SALE
Bought a Vehicle Online Without a Title
Bought a Vehicle That's Stolen?
BOUGHT A VEHICLE WITHOUT GETTING TITLE
Bought Vehicle From Private Seller and Lost Title
Buying a Vehicle With a Lien on It
Buying and Titling a Rebuilt Motorcycle
CAR TTITLE MISTAKES BY THE SELLER AND THE BUYER
CURBSTONING
Department of Transportation Safety Requirements
DMV Title and Registration Expert
Freight Broker
Heavy Vehicle Usage Tax
IFTA ASSISTANCE/FUEL TAX
IFTA Filing 1st Quarter 2012
IFTA FILING 2012 2ND QUARTER
IFTA FUEL TAX FILING HELP
ILLEGAL DEALERS SELLING VEHICLES ONLINE
INCORRECT INFORMATION ON VEHICLE TITLE
INTERSTATE OPERATING AUTHORITY
INTERSTATE REGISTRATION PLAN (IRP) HELP
IRP Jurisdiction Concerns
LEASING A VEHICLE IN VIRGINIA
LIEN MISTAKES ON AUTO TITLES
Liens on Vehicles & Titles: Part Two
MECHANIC & STORAGE LIEN
Mechanic and Storage Liens
Mistakes on Vehicle Titles
Motor Carrier Permits
Multiple Owners on a Vehicle Title
NON-REPAIRABLE CERTIFICATE
Odometer Discrepancies
OPERATING AUTHORITY
Owner Operator Assistance
SALES TAX ON VEHICLE IN VIRGINIA
Salvage Title and Branding
Selling a Vehicle Without a Title
Selling a Vehicle: Necessary DMV Documents
SERIOUS
SERIOUS AUTO TITLE PROBLEMS
Starting a Trucking Company
Tips to Prepare Your IFTA Quarterly Taxes
Title & Register an Antique Vehicle
TITLE SKIPPING
TITLING A TRAILER
TOW COMPANY WON'T RELEASE VEHICLE
Trucking Citations
Unified Carrier Registration (UCR)
VEHICLE LIENS PART ONE
Vehicle Title Assistance
Vehicle Title Fraud Help
Vehicle Title Services
VIN (Vehicle Identification Number)
VIRGINIA AUTO REGISTRATIONS
When To Title Your Vehicle

Archives

August 2015
May 2015
April 2015
February 2015
January 2015
November 2014
October 2014
March 2014
February 2014
October 2013
August 2013
June 2013
March 2013
January 2013
November 2012
September 2012
August 2012
July 2012
June 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011

powered by

Wisdom & Authority Title Solutions

IFTA 4TH QUARTERLY TAX HELP









This post will act as a reminder that 4th Quarter IFTA tax filing ends on January 31, as well as a source of motivation to help you get your taxes submitted on time.  In this briefing I will focus on what you need to file your IFTA taxes on time, what happens when you don't file on time and other points to remember when filing your IFTA taxes.



What Do You Need to File Your IFTA Taxes?

  • Accurate mileage logs/records
  • Accurate fuel records/receipts
  • If you are late from previous quarters you will need to have the documents that you received from Motor Carrier Services stating penalties, late charges, additional requirements, etc. (FROM YOUR BASE STATE)
  • If you are facing an audit and still need to file your IFTA taxes, you will need all of the items listed above as well as prior IFTA tax filing documents, fuel receipts and mileage logs/records from 3-5 years of filing, from the start of your operation or the date/s in question as requested by the auditor


What Happens When You Don't File on Time?

  • An IFTA late fee is imposed by your base state
  • Penalties and interest accrue continuously on your IFTA account until the tax is paid
  • If your taxes aren't paid within a certain amount of time your IFTA license will get suspended and this will affect your IRP (apportioned registration as well)
  • Your overall trucking operations will be at stake.  If you choose to operate on invalid credentials (IFTA, IRP, etc.), you will face more citations and penalties from Motor Carrier Services, Scale officials, DOT, etc. and your trucking operations will shut down!


Other Points to Remember When Filing your IFTA:
  • If you are hauling in KY, NM, OR and or NY;  (based on weight limits) you will be required to obtain weight distance and hauling permits for these jurisdictions
  • If you obtain a KY, NM, OR and or NY permit, you will be required to file the quarterly weight distance tax for these jurisdictions.  The quarterly tax has the same quarter start and end dates as well as filing deadlines as IFTA Tax requirements.



Wisdom & Authority Title Solutions is committed to helping you stay in motor carrier compliance.  Don't avoid getting the help you need with your IFTA filing.  If your tax filing is out of hand, help is available to you today.  From basic to complex fuel tax matters, your situation is covered.

0 Comments to IFTA 4TH QUARTERLY TAX HELP:

Comments RSS

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment