Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

IFTA

Discussion in 'Trucker Taxes and Truck Financing' started by racer35j, Jul 8, 2010.

  1. Jul 8, 2010 #1
    racer35j

    racer35j Bobtail Member

    31
    3
    Mar 11, 2010
    Washington, IA
    0
    Okay guys venturing into the o/o I am going to lease on too a company and I am curious as I was loking over there agreement I get 78% of gross the 22% they get covers brokerage, authority, and ifta fees? I will be pulling reefer and have to pay them 5% of monthly gross to rent the trailer as well as pay the reefer fuel. My question is they are charging me for ifta fees so are they going to deduct the fuel or am I
     
    racer35j, Jul 8, 2010
    racer35j, Jul 8, 2010
    #1
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Jul 8, 2010 #2
    musicmaker

    musicmaker Medium Load Member

    561
    145
    Dec 25, 2009
    Fort Madison, IA
    0
    If you buy the fuel then you deduct the fuel, IFTA fees they deduct since they are paying the fees. Reefer fuel is off road fuel
     
    musicmaker, Jul 8, 2010
    musicmaker, Jul 8, 2010
    #2
    Civilservant Thanks this.
  4. Jul 8, 2010 #3
    Lilbit

    Lilbit Road Train Member

    16,583
    12,233
    Aug 4, 2008
    Let me check my logbook
    0
    IFTA is separate from the fuel. IFTA is basically just extra tax money for the states to get per gallon of fuel from trucking companies. Like musicmaker says, if you buy the fuel you deduct it.
     
    Lilbit, Jul 8, 2010
    Lilbit, Jul 8, 2010
    #3
    Civilservant Thanks this.
  5. Jul 8, 2010 #4
    Coonass

    Coonass "Freshy Fresh"

    1,080
    1,179
    Sep 23, 2008
    0
    5% of monthly gross just to rent their trailer.......:biggrin_2555::biggrin_2556::biggrin_2559:

    So if you gross 20k next month your gonna pay them 1k just to use their
    trailer...:biggrin_2559:






    You would be crazy not to take your money get you a loan for a decent
    used trailer and pay a few hundred a month compared to a
    thousand.
     
    Coonass, Jul 8, 2010
    Coonass, Jul 8, 2010
    #4
    Civilservant and Diesel Dave Thank this.
  7. Jul 11, 2010 #5
    Roadmedic

    Roadmedic Road Train Member

    18,951
    8,981
    Apr 4, 2007
    0
    Not exactly.

    IFTA is only a distribution of the fuel taxes to the states where they had miles driven.

    Otherwise, buy large fuel and only buy in a cheaper state and the roads would go downhill quick.
     
    Roadmedic, Jul 11, 2010
    Roadmedic, Jul 11, 2010
    #5
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.