How To File Quarterly IFTA Report | IFTA Fuel Tax | Trucking 101

  Рет қаралды 43,379

Brandon Lindsay CPA

Brandon Lindsay CPA

Күн бұрын

Пікірлер: 74
@brandonlindsaycpa
@brandonlindsaycpa 3 жыл бұрын
Thanks for watching
@ramankang5660
@ramankang5660 Жыл бұрын
Can i get your number for learning ifta
@cindyfeng2265
@cindyfeng2265 Жыл бұрын
Hi Brandon, may I ask the total gallons of fuel, does it included the gallons of DEF? Or just diesel only? Thank you
@olenavl
@olenavl Жыл бұрын
Great gob! Thanks a lot! You saved me $400 for the IFTA online course!!!!!!!!!!!!😊😊😊☕
@brandonlindsaycpa
@brandonlindsaycpa Жыл бұрын
Glad it was helpful to you!
@sachikolunsford536
@sachikolunsford536 Жыл бұрын
Thank you so much for your help! You explained it very well and really answered all my questions.
@tinamunker8746
@tinamunker8746 Жыл бұрын
Always remember to keep detailed paper copies or backup the electronic records for 4 yrs in case of an audit. PLEASE!
@raheemtheinvestor
@raheemtheinvestor Жыл бұрын
4 years seems unnecessary
@tinamunker8746
@tinamunker8746 Жыл бұрын
Sorry, that is the requirement. You can gamble & not do it but you will pay dearly if you have no records.
@6155ish
@6155ish 16 күн бұрын
Thank you very clear and concise!
@leanncottle8785
@leanncottle8785 7 ай бұрын
Great video. Thank you for keeping it simple! Do we include DEF gallons purchased in IFTA quarterly filings or just the fuel?
@FerOrtegaif3r17
@FerOrtegaif3r17 6 ай бұрын
Just Fuel.
@rachellecottrell4199
@rachellecottrell4199 Жыл бұрын
Thanks for posting. This was super helpful!!
@mohamedhassanmohamed3713
@mohamedhassanmohamed3713 2 жыл бұрын
Thank you bro for this video. I wonder what’s the difference between tax paid gallon and total gallons and how can I find them . Thank you again
@Dieurinel
@Dieurinel 10 ай бұрын
you provided information only for 2 columns, but the IFTA filling have 3 Columns: Total miles, Taxable miles and Tax Paid Gallons, and you only give the total miles and Tax paid Gallons, so base on your illustration how to get the Taxable miles?
@benkutenets2391
@benkutenets2391 Жыл бұрын
to find the website you need, which also usually has a video to help, in google search IFTA followed by the state you are centered in such as "IFTA California" will usually show the proper government filing site as the first link
@leanncottle8785
@leanncottle8785 3 ай бұрын
Thank you again for great info. Enjoy your videos. Clear and simple!
@JacobsLifestyleWreckedByNature
@JacobsLifestyleWreckedByNature 8 ай бұрын
Very helpful years later thank you
@ninja250r2008
@ninja250r2008 2 жыл бұрын
Thank you for the explanation. This example made me laugh because we didn't get fuel in SC and they have some of the cheapest fuel haha.
@moseshenderson4355
@moseshenderson4355 2 жыл бұрын
Good job my brother very explainable understanding what you said
@brandonlindsaycpa
@brandonlindsaycpa 2 жыл бұрын
Thanks!
@leanncottle8785
@leanncottle8785 9 ай бұрын
Great video! Very clear and informative! Thank you!
@thereckchanic4709
@thereckchanic4709 11 ай бұрын
Educational is power. Very informative. I have a question. Driver A has one truck that is leased to a mega company and runs OTR and that said mega company file his fuel taxes. Why is it that every week fuel taxes are taken out of his settlement? Is driver A also paying for the mega fleet trucks fuel taxes as well? If so, this is unfair practices.
@shafiqasafihussain8164
@shafiqasafihussain8164 9 ай бұрын
First I want to thank you for the educational video I have a question if we have more than one driver do we calculate their miles and gallons at each states snd then put them together? please answer me I need it ASAP
@jadevote
@jadevote Жыл бұрын
Very well explained ! THANKS
@brandonlindsaycpa
@brandonlindsaycpa Жыл бұрын
Thanks
@genesy8615
@genesy8615 3 жыл бұрын
Thank you for this video! I have a question about the difference between Total Miles and Taxable Miles. I’m also filing in my home state Indiana. How do I know what the taxable miles are?
@brandonlindsaycpa
@brandonlindsaycpa 3 жыл бұрын
In my experience, it's the same. Generally, nontaxable miles are the miles traveled through places that aren't apart of IFTA or require you to obtain a fuel permit to travel through.
@truckerraven.8906
@truckerraven.8906 2 жыл бұрын
Great explanation, thank you very much.
@brandonlindsaycpa
@brandonlindsaycpa 2 жыл бұрын
Appreciate that. Thanks for watching
@desireevalle3399
@desireevalle3399 Жыл бұрын
Do you round up on the gallons ? Thank you
@FelixxDaily
@FelixxDaily 2 жыл бұрын
Do you have to sign up to an ifta website or do you pay ifta directly from a keep trucking app?
@mlwilliams7505
@mlwilliams7505 2 жыл бұрын
good evening, I can truly appreciate your direct simple approach for teaching upon ITFA reporting. I wish to ask you a question with the lease purchase truck I have. The company gave me a fuel card but was dipping into my settlement each week with no cut off with the fuel deductions so I up tanned my own fuel card. now, they haven't said anything about the fuel purchases but what about the reporting of fuel. Do I just not concern myself with it or do I register with my state IFTA , and If so, the truck has a present IFTA sticker on it so I just lease the truck but now pay for my own fuel. Please advise
@jordan0991
@jordan0991 9 ай бұрын
So from my knowledge if you are running your own plates on that truck then you would have a IFTA account, if you are not running your own plates and they are not registered to you than no you do not have to file anything, that is the company’s responsibility, I do recommend holding onto your fuel receipts for tax reasons and if they were to ever ask you for them for their own IFTA account purposes.
@bobbygraham1135
@bobbygraham1135 2 жыл бұрын
Good video man
@brandonlindsaycpa
@brandonlindsaycpa 2 жыл бұрын
Thanks!
@scottsvoboda1777
@scottsvoboda1777 2 жыл бұрын
you are a life saver thanks man!
@brandonlindsaycpa
@brandonlindsaycpa 2 жыл бұрын
Glad it helped!
@bobtailcapital
@bobtailcapital Жыл бұрын
Great explanation!
@brandonlindsaycpa
@brandonlindsaycpa Жыл бұрын
Thanks
@madisongingrich3525
@madisongingrich3525 2 жыл бұрын
Thank you! Very helpful!!
@Parasefvirte
@Parasefvirte 6 ай бұрын
You need to stop looking for the cheapest fuel, you will end up paying more taxes, just buy the mostly expensive and you will have reimburse Is like making a savings account
@karvonexpress8308
@karvonexpress8308 2 жыл бұрын
Great explanation! Thank you
@brandonlindsaycpa
@brandonlindsaycpa 2 жыл бұрын
Thanks!
@rich1544
@rich1544 Жыл бұрын
Thank you
@remixx45
@remixx45 Жыл бұрын
How do you track how many miles you’ve driven in each state?
@thereckchanic4709
@thereckchanic4709 11 ай бұрын
The keep trucking ELD automatically does this crossing each state line. Back in the old days we used to write down the odometer entering each state with the date then do the math to get the actual miles travel in each state. Now it's easy peesy
@debbietruong8137
@debbietruong8137 6 ай бұрын
Hi sir, Can you help me with this? I’m filling IFTA in PA now, but I have 20miles in District of Columbia. PA called this is non IFTA mileage report. So do I have to report 20 miles I traveled in here. Thank you and much appreciated
@americanpridedispatch5842
@americanpridedispatch5842 3 жыл бұрын
thanks for your explanation detailed
@brandonlindsaycpa
@brandonlindsaycpa 2 жыл бұрын
Glad it was helpful!
@mehdi6009
@mehdi6009 2 жыл бұрын
Hello bro thank you for these video you teach me good man god Bess you bro
@brandonlindsaycpa
@brandonlindsaycpa 2 жыл бұрын
Thanks for that! Glad you're enjoying the content.
@krystalaguilar4716
@krystalaguilar4716 2 жыл бұрын
Thank you!!
@brandonlindsaycpa
@brandonlindsaycpa 2 жыл бұрын
You’re welcome!
@jamalqrichi6574
@jamalqrichi6574 2 жыл бұрын
Thanks
@brandonlindsaycpa
@brandonlindsaycpa 2 жыл бұрын
You’re welcome
@gorgeousreacting1978
@gorgeousreacting1978 Жыл бұрын
Very we’ll explained.
@Mike-Palmer
@Mike-Palmer Жыл бұрын
You really didnt explain how to file the ifta. You just stated what most people already know, keep track of the miles and gallons. How to file the Ifta should be the piece of paper im looking at that wants me to add I and J then line 6 with 7 and so on, and the tax credits, etc...
@debbietruong8137
@debbietruong8137 11 ай бұрын
Yes. That’s what I want to know too
@Mike-Palmer
@Mike-Palmer 11 ай бұрын
@@debbietruong8137 I skipped the paper filing, and I do it on the IFTA website, its easy to follow along and input your info.
@tereg1022
@tereg1022 2 жыл бұрын
what are total ifta miles and taxable miles
@leonorlopez3217
@leonorlopez3217 6 ай бұрын
Is basically the same,but in case certain miles are not taxable you have to excluded. Like GA they had a tax exemption
@abdirizakmohamed8477
@abdirizakmohamed8477 3 жыл бұрын
Is it possible to have one on one conversation with you?
@brandonlindsaycpa
@brandonlindsaycpa 2 жыл бұрын
what's your email address?
@dpway4929
@dpway4929 2 жыл бұрын
Thank you for the information! Do you add empty (deadhead) miles as well to your taxable IFTA miles ? I get my miles from ELD and it seems to be accurate but the miles from ELD are more than in my trip reports because of the empty miles. Thank you!
@Dee-ti3hu
@Dee-ti3hu Жыл бұрын
How do you get tax paid gallons
@brandonlindsaycpa
@brandonlindsaycpa Жыл бұрын
Gallons typically come from the reports from a fuel card. If not, then receipts.
@disarmyou84
@disarmyou84 Жыл бұрын
How to you apply or enroll in ifta
@brandonlindsaycpa
@brandonlindsaycpa Жыл бұрын
In Indiana it’s through the Motor Carrier Services. There should be a similar government division/department in your state.
@lashan4636
@lashan4636 2 жыл бұрын
What if it was no operation?
@leonorlopez3217
@leonorlopez3217 6 ай бұрын
You file no activity
@jj5833
@jj5833 2 жыл бұрын
No one can make one for Massachusetts
@2pieceharleyaudio
@2pieceharleyaudio 9 ай бұрын
If you use zeros you will get flagged
IFTA Made Simple: Making IFTA Understandable
17:27
Trucking Made Successful
Рет қаралды 51 М.
Elza love to eat chiken🍗⚡ #dog #pets
00:17
ElzaDog
Рет қаралды 12 МЛН
버블티로 부자 구별하는법4
00:11
진영민yeongmin
Рет қаралды 27 МЛН
When mom gets home, but you're in rollerblades.
00:40
Daniel LaBelle
Рет қаралды 94 МЛН
I tricked MrBeast into giving me his channel
00:58
Jesser
Рет қаралды 24 МЛН
7 Popular Tax Write Offs That Could Trigger an IRS Audit
13:46
LYFE Accounting
Рет қаралды 135 М.
Trucking 101: How To File Fuel Tax Return | Quarterly IFTA
10:57
Trucking From Scratch
Рет қаралды 114 М.
How to file and pay your IFTA fuel tax
13:37
DIY SEMI
Рет қаралды 59 М.
How To Get Your Authority: Step by Step (PSA: BOC3 does not need to be renewed)
13:32
Trucking Made Successful
Рет қаралды 216 М.
What Are The Expenses of a Trucking Company? | Trucking Business 101
13:19
Brandon Lindsay CPA
Рет қаралды 14 М.
How to become Tax Preparer with No Experience
7:41
Not So Boring CPA
Рет қаралды 7 М.
IFTA Audits Don't Have To Be Scary
11:42
expressAmber
Рет қаралды 2 М.
Elza love to eat chiken🍗⚡ #dog #pets
00:17
ElzaDog
Рет қаралды 12 МЛН