Get the free IFTA QUARTERLY TAX RETURN

MVD11262 REV. 07/12New Mexico Taxation & Revenue Department, Motor Vehicle DivisionIFTA QUARTERLY TAX RETURN INSTRUCTIONS General Information For information regarding IFTA reporting, call (505) 8270392

How to fill out ifta quarterly tax return

How to fill out ifta quarterly tax return

1. Gather all the necessary information such as total miles traveled in each jurisdiction, total gallons of fuel purchased, and any other required details.
2. Calculate the total miles traveled and gallons of fuel used in each jurisdiction separately.
3. Determine the fuel consumption in each jurisdiction by dividing the total miles traveled by the total gallons of fuel used.
4. Multiply the fuel consumption by the tax rate for each jurisdiction.
5. Record the calculated tax amount for each jurisdiction.
6. Sum up the total tax amount for all jurisdictions.
7. Fill out the IFTA quarterly tax return form with the required information including your business details, vehicle information, and the calculated tax amounts for each jurisdiction.
8. Review the completed form for accuracy and make any necessary corrections.
9. Submit the filled-out IFTA quarterly tax return form along with any required supporting documentation to the appropriate tax authority by the specified deadline.

Who needs ifta quarterly tax return?

1. Motor carriers operating commercial vehicles that have a gross vehicle weight rating (GVWR) or registered gross vehicle weight (GVW) of 26,001 pounds or more.
2. Motor carriers transporting goods or passengers across the United States and Canadian provinces or territories that participate in the International Fuel Tax Agreement (IFTA).
3. Carriers that operate a qualified motor vehicle in at least one IFTA jurisdiction and meet the IFTA requirements for fuel reporting and record-keeping.

For pdfFiller’s FAQs

How can I manage my ifta quarterly tax return directly from Gmail?

You can use pdfFiller’s add-on for Gmail in order to modify, fill out, and eSign your ifta quarterly tax return along with other documents right in your inbox. Find pdfFiller for Gmail in Google Workspace Marketplace. Use time you spend on handling your documents and eSignatures for more important things.

How do I make changes in ifta quarterly tax return?

The editing procedure is simple with pdfFiller. Open your ifta quarterly tax return in the editor. You may also add photos, draw arrows and lines, insert sticky notes and text boxes, and more.

Can I edit ifta quarterly tax return on an Android device?

You can. With the pdfFiller Android app, you can edit, sign, and distribute ifta quarterly tax return from anywhere with an internet connection. Take use of the app's mobile capabilities.

What is ifta quarterly tax return?

IFTA quarterly tax return is a report that allows interstate motor carriers to report and pay taxes on motor fuel used in multiple states.

Who is required to file ifta quarterly tax return?

Interstate motor carriers who operate qualifying vehicles across multiple states are required to file IFTA quarterly tax return.

How to fill out ifta quarterly tax return?

IFTA quarterly tax return can be filled out by recording the total distance traveled and the total fuel consumed in each jurisdiction during the reporting period.

What is the purpose of ifta quarterly tax return?

The purpose of IFTA quarterly tax return is to simplify the reporting and payment of fuel taxes for interstate motor carriers operating in multiple states.

What information must be reported on ifta quarterly tax return?

Information such as total distance traveled, total fuel consumed, and the taxes due for each jurisdiction must be reported on IFTA quarterly tax return.