IFTA For Dummies ??

Discussion in 'Ask An Owner Operator' started by rjjr1963, Nov 18, 2019.

  1. rjjr1963

    rjjr1963 Bobtail Member

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    I understand the basic concept of this tax. Is this something a single O/O has to comply with?

    If so, how do you keep track of miles or gallons in each district?
     
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  2. GraniteRiver

    GraniteRiver Light Load Member

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    Yes if you run your own authority.

    I use the ELD miles and run a fuel report from my fuel card for total gallons purchased in each state.

    if you’re leased on your carrier will do it and charge you for any taxes owed.
     
    bzinger, PE_Trans and rjjr1963 Thank this.
  3. Dino soar

    Dino soar Road Train Member

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    If you are old school you can write down the mileage for each state and how many gallons are purchased in each state and keep a running total or use an Excel spreadsheet.
     
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  4. SteveScott

    SteveScott Road Train Member

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    If you use only one fuel card it's easy to get the gallons off of your statement each week. I just write down the odometer pre-trip and post-trip, and reset the trip meter for each state line, then write it down at the end of the day. I have it all on an Excel spreadsheet.
     
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  5. PE_Trans

    PE_Trans Road Train Member

    I get my gallons by going to my online fuel account and generating a report showing the amount of gallons I purchased per state for the quarter.

    As for the miles, I’m still doing it old-school, recording the odometer every time I cross a stateline. I usually record it about 5 miles before I hit a stateline, and then confirm the number when I cross. I don’t trust the ELD for tracking miles since the last time I compared it with my own miles. There was a discrepancy of around 2% (if I remember correctly), and like 2 states were missing miles altogether. I’m sure the technology will get better, though.
     
  6. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    Single O/O should be exempt from IFTA taxes.
     
  7. 062

    062 Road Train Member

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    Care to clarify?
     
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  8. PE_Trans

    PE_Trans Road Train Member

    I think he’s just stating how it should be, not that it is the case. In other words, he doesn’t agree single o/o should pay the IFTA tax.
     
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  9. danny23tx

    danny23tx Heavy Load Member

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    Like someone stated before, I use my Eld ifta mileage reports for miles in each state and use my Fuel card reports for fuel bought in each state . It's a easy process and takes minutes to do once you get the hang of it .
     
  10. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    The meaning of should implies correctness.

    You can Google it as well.
     
    Last edited: Nov 19, 2019
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