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.
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.
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.
Then it is qualified under the Act, and you must submit the IFTA quarterly fuel report.
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.
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 Limitless Logistics Solutions is happy to take the IFTA reporting requirement off your hands.
This is what the IFTA Fuel Tax Reporting Service from Limitless Logistics Solutions 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.
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.
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.
Limitless Logistics Solutions was created for one purpose: to help trucking businesses earn more money. We help our clients increase their profit by:
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 Limitless Logistics Solutions services or just have us onboard for IFTA requirements, we are happy to provide the support you deserve. Contact us to find out more.
