Fuel tax preparation software

Save time and avoid hassle dat can file your ifta fuel taxes for you. If youre a new yorkbased ifta carrier, use ifta web file to efile and pay your ifta quarterly return. Fuetax logo fuetax is line of tax automation products that streamline and simplify all aspects of lifecycle compute. With taxslayer pro, customers wait less than 60 seconds for in season support and enjoy the experience of using software built by tax preparers, for tax preparers. Ifta fuel tax reporting spreadsheet program for trucking companies and drivers has never been easier than with the dieselboss iftatracker. The texas sales tax electronic reporting using electronic data interchange edi quick reference guide pdf has detailed instructions on downloading the software, entering data and filing taxes important. It can be used by both aims clients and marketers who are using another companys accounting software. Is the alternative fuel vehicle refueling property credit. Unlimited efiling goes into effect at the time unlimited efiling is purchased. This tax is charged mainly to fund the upkeep of roadways and is imposed when fuel is purchased. The following article is based on our talk with him. Let free file do the hard work for you with brandname software or free file fillable forms. The company first launched into tax preparation in 2016, and its made some significant improvements in time for the 2019 filing season. I have no atm, no business expenses and no i did not check i used it for business and i have more than enough tax liability get this credit 100%.

Avatax excise calculates excise tax for energy suppliers, distributors, retailers, and traders, as well as tobacco and vape manufacturers and wholesalers. The indiana department of revenue dor will determine the gasoline use tax rate by calculating a rolling, monthly. Ifta fuel tax software excel spreadsheet for truckers. Our ifta tax software combines worry free, easy to use with competitive pricing for your needs. This video is a demonstration on how to do owner operator taxes done easy using 2 programs. As an indirect tax, the excise amount is included in the total purchase price of the product or. Turbotax online and mobile pricing is based on your tax situation and varies by product. About form 46, credit for federal tax paid on fuels. S states and the canadian provinces for their carriers who operate qualified vehicles in more than one member jurisdiction to report their fuel use tax with ease. An authorized irs efile provider, the company has been building tax software since 1989. Autotax is aims motor fuel tax filing software for offering marketers a better.

Ifta preparation sounds casual but it is a complicated chore. Many tax preparation software programs offer some type of customer support, so you can ask specific tax questions that concern you along the way. Petroleum tax return preparation minnesota department of. Bestinclass service with dedicated client relationship specialists and over 20 years of tax experience, we have the expertise to manage your tax filings every step of the way.

Business taxpayers who have a personal computer, telephone, and modem may purchase and use thirdparty software to prepare andor electronically file and pay motor fuel tax returns. However, there are options and features that you need to consider to get the best for your tax business. Start for free today and join the millions who file with turbotax. Take the pain out of recording and submitting one of your companys largest expense, toughest compliance and most timeconsuming reporting with our fully integrated ifta fuel tax software that saves unprecedented time and company resources. A quarterly ifta tax return must be filed even if the licensee does not operate or purchase any taxable fuel in an ifta member jurisdiction during the quarter. Easily generate your ifta quarterly fuel tax report with accurate fuel tax calculations. Both federal and state governments can choose what goods and services are subject to excise tax.

To register you must complete forms 72a300 tax registration application for motor fuel license and 72a301 motor fuels license bond and instructions. Ifta plus not only prepares your ifta fuel tax returns, but allows you to prepare your new york hut, kentucky wd, and new mexico wd returns, all for one price. Petroleum tax return preparation minnesota department of revenue search. We test our site on a regular basis to make sure that it is secure. Use our ifta online software to create detailed reports with your distance, fuel records, and miles traveled per jurisdiction. Motor fuels tax software implementation consulting services motor fuels tax compliance services our firm provides motor fuels tax return preparation services for volumebased u. Easily file federal and state income tax returns with 100% accuracy to get your maximum tax refund guaranteed. Avalara reduces excise tax compliance costs, ensures tax accuracy, minimizes audit risk. Regardless of the accounting software you are using, autotax is a viable, costeffective solution. This makes filing extremely easy as well as extremely fast.

You will be charged with penalties for inaccurate ifta reports. Excise tax software for straightforward tax compliance your excise tax software shouldnt be a bigger headache than actually filing your taxes. By using fuetax, filers can reduce costs, mitigate risks, improve accuracy, and maximize efficiency. Turbotax fits a lot of smallbusiness needs, but this tax preparation software. Simple ifta performs calculation based on your mileage and fuel data provided by you. Blueprints, photostats, and other printing expense.

Only those edi files using nationally accepted standards will be. We pride ourselves on excellent customer service and providing a quality product at the lowest possible cost. Because the program is online, owners and operators can access the information anytime from anywhere. Always consult irs tax publications when doing your. You must have your state mileage as written down by the driver, or from your onboard mileage tracking unit, or you can use a program like the state mileage calculator at this link to calculate those miles or kilometers to then enter the totals into this. Mar 16, 2016 this video is a demonstration on how to do owner operator taxes done easy using 2 programs. Ifta reporting software ifta online quarterly fuel tax report. Motor fuel excise tax efiling alabama department of revenue. Kentucky ifta quarterly fuel tax ifta reporting software.

This is the first article in a series on tax issues and tips for owneroperators and small trucking companies. It also enables jurisdictions to fund road repairs and improvements, which will directly impact the safety of commercial fleets on the road. Both state and federal returns are still 100 percent free. Ifta reporting is forefront, but our software also takes care of ny, nm, ky, and or special high way use taxes. Motor fuel tax reporting kentucky department of revenue.

After receiving your login credentials, login to file your monthly fuel tax report by either entering information directly on the website, or by submitting an edi file. Accuracy is critical even seemingly small errors or changes in rules can create tax liabilities, resulting in potentially large audit penalties. Fuel tax administration fta is charged with administering wyomings motor fuel tax laws. S corporation business tax filing online software taxact. We ask you questions in language you can understand. Sc form i385 must be included with the taxpayers income tax return. Ifta reporting requires that fleets maintain records of miles traveled in each state along with fuel used, purchased and credits due along with laden and unladen weights along the way. Its the most costeffective tax software in the market today. To illustrate why my fuel tax is a great ifta tax software for preparing your fuel tax return in accordance with international fuel tax. Many businesses are overlooking this easy way to legitimately recover tax dollars. Offer valid for tax preparation fees for new clients only. Otherwise, you can simply choose another free tax software to use this year to avoid charges. Taxes are imposed on the distribution and sales of various motor fuels.

Ifta has a goal to simplify the reporting of all fuel use taxes by commercial motor carriers. Withholding tax software developers the following information will assist software companies in developing products to electronically file and pay taxes in utah. Ifta fuel tax program for truckers in the usa youtube. Efile plans for tax professionals taxact professional.

Fuel, oil, repairs, and other maintenance for business autos and trucks. A good fuel tax reporting solution will turn one of truckings biggest headaches into a straightforward and simple process. Thirdparty software is available offtheshelf or via download from vendor websites. Ifta reporting software ifta online quarterly fuel tax. Akore software products offer the complete tax solution. These programs can be purchased by there providers. As of july 2014, a gasoline use tax is in effect for gasoline and gasohol fuels.

International fuel tax agreement now prepare and file your hvut and ifta tax returns from one place. Ifta eliminates the messy fuel tax reporting practices of old. Advertising, marketing, graphic design, and other promotional expenses. Enter your fleet miles per gallon and all taxes will be calculated automatically. Credit karma tax software proves to be a worthy tax preparation software not just for individuals, but for enterprises seeking to assist their employees with the financial climate of their lives. Motor fuel tax accounting software automated fuel tax. We are committed to recommending the best products for our readers. The software package contains over 400 plus ready to file fuel and environmental excise tax returns and every return schedule is always included. Save a copy of your databases before upgrading edi software.

The deadline to file your 2018s 1 st quarter ifta return is april 30 th, 2018. A large portion of the revenue raised by these taxes is used to construct and maintain highways in kansas. Get direct help with your most pressing questions about tax software. Trucksoft software is an easyuse system that tracks orders, deliveries, drivers, mileage and expenses as they occur. Fuel receipts or credit card statements must show the number of gallons purchased in south carolina during the tax year. Services kelly s mathews llc motor fuels tax consultants. When it comes to professional tax software, there are many choices. Tax preparation software, federal tax filing, efile.

Tax professionals pay only what they need for each return filed for their clients. Only pay for the efiles you use by taking advantage of. The program is dedicated to providing assurance that the state receives all fuel tax revenue to which it is legally entitled for the preservation of and enhancements to the transportation system. These excel spreadsheets do not calculate your state mileage. Trucking ifta software fuel tax reporting software trucksoft. Provide accurate florida returns in correct electronic format for transmission. Ifta plus is committed to protecting your computer, your privacy, and your personal information.

A taxpayer must maintain documentation to support expenses incurred in south carolina and reported on sc form i385, such as gas receipts and invoices. Ifta international fuel tax agreement ifta, the international fuel tax agreement signed between the 48 u. Send the completed forms, along with your payment to. Enter your info here tool or any irs free file company to register for economic impact payments. Motor fuels and alternative fuels tax rate january 1, 2015 through june 30, 2015effective april 1, 2015, senate bill 20 was passed changing the motor fuels tax rate. Jun 05, 2019 is the alternative fuel vehicle refueling property credit form 8911 available for 2017. Simple ifta simple way to prepare your fuel tax report. To illustrate why my fuel tax is a great ifta tax software for preparing your fuel tax return in accordance with international fuel tax agreement regulations, we are listing a quick overview of some of the features of this ifta tax software below. If you used free tax software last year and you want to use the same software this year, you will probably have to pay to use it this time. Motor fuel tax accounting software automated fuel tax reports. With our stepbystep questionnaire, you are asked only the questions which pertain to you. A complete, integrated solution to streamline the preparation and filing of excise tax, sales and use tax, and tobacco tax returns. So, three days down to 15 minutes to do an ifta return its great.

Fuetax is line of tax automation products that streamline and simplify all aspects of lifecycle compute, report, collect of fuel taxes for u. Jan 17, 2020 the 7 best tax software programs of 2020. Some items to consider are ease of use, data entry, desktop installed or webbased, and document management. The gasoline use tax replaces the prepaid sales tax on gasoline collected from the retail merchant. Here are six tax deductions youll lose on your 2018 return. Welcome to free file, where you can prepare and file your federal individual income tax return for free using tax preparation andfiling software. With our fuel tax software we want to make ifta fuel tax reports and fuel tax information management easy and convenient. Life is certainly easier when you have our fuel card, but we support other fuel transaction sources as well. Motor fuels and alternative fuels tax rate from july 1, 2014 through december 31, 2014. Credit karma used to be the new kid on the block, and it showed in some respects. We protect data collected through our site through a series of redundant safety measures, data encryption, and a ssl certificate.

Form ifta100, ifta quarterly fuel use tax return web file is freeno additional software needed. Our excise tax compliance software makes it easier to report and file your excise taxes without spending so much time on data preparation. Rigbooks recently talked to david dilley, whos been a cpa for more than 16 years and who specializes in trucking accounting and taxes. A complete, integrated solution to streamline the preparation and filing of excise tax, sales and use tax, and tobacco tax returns, as well as terminal operator reports all ready for signature or efile, from a single platform.

You can navigate your way around the road legal website by. Check back in january to file your 2019 tax return. Ifta asks for detailed info on trip, mileage, and fuel on all those geo jurisdictions you travel. Expressifta also provides irp reports, so you can easily track your mileage per jurisdiction.

The tax return preparation information that you will need to file and pay your petroleum tax is included below. Fuel tax preparation can be tedious, but once you understand what ifta is and how everything is done, it will be easier to tackle. Motor fuel excise tax efiling as of the october 2012 filing period, licensed suppliers, permissive suppliers, terminal operators, importers, exporters, transporters, and blenders can file their alabama tax returns electronically in xml format. In 2015, the texas legislature passed house bill 855, which requires state agencies to publish a list of the three most commonly used web. There are individual truck reports for each truck showing amounts owed in each jurisdiction and the total owed or credited. Simple ifta is online powerful software used to calculate your mileage and fuel details and to prepare ifta report accurately for each quarter. It enables participating jurisdictions to cooperate in the collection and administration of motor fuel. Registration and online filing registration for licensing. Our software is designed to streamline excise tax compliance and reduce your data preparation time. Ultimatetax professional tax software tax preparer. Autotax is aims solution for offering every marketer or jobber a better choice when electronically filing motor fuel tax schedules.

Up to 80% of time spent on tax compliance reporting is dedicated to data research and validation. Best tax software for small business in april 2020. See announcement covering april 1, 2015 through december 31, 2015. The credit for federal tax paid on fuels was created to offset the tax that the federal government charges on fuels such as gasoline and diesel in specific circumstances. Bank account service fees, bad check charges and other bank fees. We no longer just do fuel tax returns, customers are now using the akore software for sales and use tax. Taxes are confusing enough without the added stress of figuring out which tax software is the best tax software, so we did the research to help you choose the ideal option to file taxes online. We have over 20 years experience in the transportation industry, so whether youre starting a new company or could just use some help, give us a call. Excise tax, sometimes simply called an excise or an excise duty, is a tax imposed on certain goods and services. You can expect to be thoroughly satisfied with our network capable, easytouse fuel tax software. However, in some limited cases, you may also print the paper motor fuel tax returns, which can be found at the motor fuel taxes forms link on the left. Finally, an inexpensive easy to use ifta tax software. Examples of specific deductions and credits dont work for all folks or in all circumstances and by themselves dont constitute legal or tax advice. The international fuel tax agreement is an agreement between all 48 contiguous states, and 10 canadian provinces.