IFTA Reporting
The service you provide is so valuable to your clients. Your trucking operation is keeping America moving and keeping our society functioning at its
When trucking and transport companies need to move through and do business in more than one state and in Canada, it would paralyze business to have to calculate fuel taxes and to obtain permits for each and every one. The International Fuel Tax Agreement allows truckers to work under one license and to file one report to cover 48 U.S. states and all the Canadian provinces (territories are not members).
This dramatically increases the possibilities for drivers out in the field. Rather than undergoing lengthy and inefficient application processes in each state and province, drivers now have streamlined access to the whole of the continental United States and most of Canada, thanks to the IFTA tax report. The power to service the needs of clients, right across this vast area, is now directly in the hands of drivers.
While more convenient than the way things were before, the process still has important reporting requirements that trucking companies cannot overlook.
best. This is why you deserve the best rates possible for every trucking and logistics job you take on.
With our expert negotiation service, you get more for every mile. Our services go far beyond simple average rate negotiation, and we help you position your operation and your brand at the forefront of the market.
We’ll take care of everything. All you need to do is drive.
Get started today. Reach out to us via phone or email to get a quote for our services or find out more about what we can provide to you and your operation.
How the Streamlined Process Works
Businesses with an IFTA license continue to buy fuel as usual but are “credited” with whatever fuel taxes they have paid. For every fiscal quarter (by the end of April, July, October, and January every year), they submit an IFTA fuel tax report, which lists how much they have traveled and how much fuel was purchased in every IFTA jurisdiction. The tax liabilities to each jurisdiction is set by applying a formula that incorporates the average fuel mileage. You end up with a list of what has been already paid to each member state/province, and whether you owe more or have overpaid. Your base jurisdiction (that is, where you got your carrier’s license) refunds you if you have overpaid and receives any amounts owing — then transfers funds to/from the other members. As you can see, the scheme relies heavily on the quarterly report that the carrier must submit.
Who Needs/Gets an IFTA License?
Do you need to file an IFTA fuel tax report and apply for the IFTA license? Not all vehicles are subject to this requirement, and most drivers can move between states and provinces with ease, without the need for additional licensing and reporting. The IFTA applies to commercial vehicles in specific classes or vehicles designated for particular use cases.
If your vehicle:
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is used to transport people or property
has three or two axles as well as an actual or registered gross vehicle weight that exceeds 26,000 lbs. (11,797 kgs) — or if in combination the actual or registered gross vehicle weight is more than 26,000 lbs. (11,797 kgs)
Then it is qualified under the Act, and you must submit the IFTA quarterly fuel report.
Who Needs/Gets an IFTA License?
Failure to file the trip report, late filing, and underpaying can attract a penalty that works out to the greater of 10% of the amount owing or $50. Note that interest will be applied to the amount owing to each member jurisdiction.
Texas Arabia Trucking IFTA Report Service
Since jurisdictions set their own rates, the system revolves around properly completed IFTA reports. Failure to follow the requirements not only has the potential to be quite costly to you if you owe fuel taxes in any member jurisdiction, but it can also affect the reputation of your business. For many trucking companies, even though you can complete and file a lot of the required paperwork and the report online, all of this tedious administrative stuff takes up valuable time the business would rather focus on actually driving and making money. That’s why Texas Arabia Trucking is happy to take the IFTA reporting requirement off your hands.
This is what the IFTA Fuel Tax Reporting Service from Texas Arabia Trucking is all about. We believe in making life easy for our clients and taking away many of the obstacles they face when they head out on the road. We understand that you love to drive and provide great results for your customers — this is the way you make your living. You didn’t get into truck driving because you love applying for permits and filing fuel tax reports.
Here’s what you can expect from our services.
A Way to Save Money for Your Business and Protect Your Profits
When properly submitted, the IFTA fuel report can see you and your business saving money on your fuel tax, as well as saving time and hassle. With Texas Arabia Trucking on your side, you don’t have to worry about overpaying on fuel tax, as we will make sure everything is handled in the correct and proper manner. You’ll find running your business much easier, and you’ll also be able to protect your profits in the process.
Full Transparency for You and Your Customers
Your business relies upon great communication with your customers. These customers want to know what is going on at all times, and they don’t expect any delays and hang-ups to get in the way. Applying for permits and submitting tax reports can make it difficult to achieve this, which is why truck drivers find our services so valuable. You’ll love the enhanced transparency and understanding, too.
A “Hands-Off” Service from Your Point of View
Just like we mentioned above, the IFTA rules provide a much more straightforward situation than the old way of doing things. However, there are still considerations and issues that need to be taken into account. Let us handle those issues for you, providing a fully “hands-off” service that leaves you free to focus on other aspects of running your business.
A Straightforward Route to IFTA Fuel Report Compliance
Compliance is always a major concern for drivers. You don’t want an incident of non-compliance to harm your business and livelihood, and you don’t want to experience the stress of constantly wondering whether you are operating within the bounds of rules and regulations. With the Texas Arabia Trucking service, you can be assured that you are fully compliant every step of the way. So all you need to worry about is driving.
A Knowledgeable Team Ready to Support You with Your IFTA Quarterly Fuel Tax Report
You need to know that you can rely on a skilled and expert team to provide you with the necessary support out on the road. If you have any questions or queries about the IFTA quarterly report, we are here for you, and ready to answer them.
These are just some of the factors that make our IFTA fuel tax reporting services so valuable to truck drivers across the USA and beyond. We make sure that the IFTA requirements provide the advantages and benefits they are designed to, rather than causing additional hassle to you and your business.
Supporting Truckers and Motor Carriers
Just like we mentioned above, the IFTA rules provide a much more straightforward situation than the old way of doing things. However, there are still considerations and issues that need to be taken into account. Let us handle those issues for you, providing a fully “hands-off” service that leaves you free to focus on other aspects of running your business.
Texas Arabia Trucking was created for one purpose: to help trucking businesses earn more money. We help our clients increase their profit by:
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Finding the best loads and load rates over numerous databases.
Negotiating the best rates for loads.
Freeing up valuable time for clients to actually do the work that makes them money.
Providing a cost-effective alternative to in-house dispatch and administrative services.
Most clients love our comprehensive services — dispatch, paperwork, and compliance, among other things — knowing that with our extensive industry experience, we’ve got their back. Other clients prefer more piecemeal services. We believe you know your business best, so whether you want the benefit of all Texas Arabia Trucking services or just have us onboard for IFTA requirements, we are happy to provide the support you deserve. Contact us to find out more.