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IFTA is an agreement between the US states and Canadian provinces that simplifies fuel use reporting for motor carriers who operate in multiple jurisdictions. It requires motor carriers to file quarterly tax returns to report the fuel taxes they owe to each jurisdiction they travel through.
The base jurisdiction is the state or province where a commercial motor carrier has its established place of business or where operational records are maintained. It issues the IFTA license and manages and audits the carrier’s IFTA tax reporting.
Managing the IFTA fuel tax reporting process can be complex and time-consuming, leaving room for possible errors. Our tool automates the calculation of fuel taxes owed to each jurisdiction, saving you time and ensuring compliance. Simplify your IFTA reporting process with our calculator.
Filing IFTA simplifies fuel tax reporting for carriers operating in multiple jurisdictions and establishes a uniform fuel use tax collection system
The due date for filing IFTA reports is the last day of the month following the end of each quarter. That is:
The penalty for not filing IFTA reports or filing late is $50 or 10% of the net tax liability, whichever is greater, plus interest at a rate of 1% per month. Additionally, failure to file can result in your IFTA license being revoked and fines of up to $1,000 per day for each day you’re not in compliance.
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