Trucking 101: How To File Fuel Tax Return | Quarterly IFTA

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Trucking From Scratch

Trucking From Scratch

Күн бұрын

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@josephyves2377
@josephyves2377 2 жыл бұрын
I know for sure every one who’s spent one dime on your education should be so proud now. I have to tell you broh, your videos are absolutely helpful, completely instructive, whenever I watch them, I feel like I’m taking a class from one of my best teacher. Thank you for sharing your knowledge with us. Seriously we need more people like you in this field. Again thank you man!
@renee6511
@renee6511 4 жыл бұрын
OMG OMG THANK YOU SO MUCH BECAUSE I HAVE BEEN GOOGLING HOW TO CALC THIS CRAP IN THE TEXAS IFTA FOR THE 3RD QUARTER. THANK GOD FOR YOU.
@Philthaentrepreneur
@Philthaentrepreneur 3 жыл бұрын
Me too lol
@davidjalof77
@davidjalof77 3 жыл бұрын
It's hard to believe that this channel doesn't have 1 million subscribers yet, awesome channel with great informative content, keep up the great work Dave
@VGMurders
@VGMurders 2 жыл бұрын
he's close.
@gickygackers
@gickygackers 4 жыл бұрын
YOU SAVED ME BRO. God freaking bless you, man.
@allan.o.n2512
@allan.o.n2512 3 жыл бұрын
Me too, I just subscribed to his channel and shared!!
@televel
@televel 4 жыл бұрын
Thank you, David, for helping us understand a lot of trucking business-related questions.
@woodsbikes6130
@woodsbikes6130 4 жыл бұрын
Another piece of very good info Mr. McGill. My boss at my old job was very adamant about submitting the final receipt from prepaid fuel. So for all those folks who don't quite understand, just be sure to get the final receipt when you prepay your fuel. Whoever does the taxes, will not appreciate having to do the extra work to find the total number of gallons that were purchased. And if you prepay more than your tank(s) take, be sure to get that final receipt as well. That will completely end the transaction (sale) and the overage/change will be returned to the card. Keep up the good info and stay safe everyone.
@sandrawallace8643
@sandrawallace8643 3 жыл бұрын
Thanks David! Don't stop the videos, we need help sifting through all the stuff online. You content is so easy to understand and much needed.
@luisa_4120
@luisa_4120 3 жыл бұрын
First quarter for us since we are new in this industry. Just finished completing my return but decided to view this video before I submitted it. You hit the nail in the head with the prepaid receipt issue I am having with my driving. Luckily for the most part the rewards app contains the info needed.
@donaldshuff7626
@donaldshuff7626 2 жыл бұрын
I thank God for you my brother, all questions answered in on video! May God continue to give you the wisdom to endure🙏🏾👊🏾😎
@johnfoster6205
@johnfoster6205 4 жыл бұрын
ELD is a good way to get mileage data, I use my online Trucking office software, it keeps all miles and routes just by entering the load information. Then I transfer that information over on to my IFTA plus account and all I do from there is print sign the form and mail. Take about 5 minutes to do. Also Kentucky, New York, New Mexico and Oregon are filed separately.
@mardishafrancis2576
@mardishafrancis2576 4 жыл бұрын
Where do you go to file IFTA for Kentucky and New York?
@TreySellCars
@TreySellCars 4 жыл бұрын
Great video David! You are very resourceful. I learned a lot from this video. I am a tax professional and looking to help clients in the transportation industry. This was very informative
@marylawrence4418
@marylawrence4418 2 жыл бұрын
Are you ready to help?
@nonoback22
@nonoback22 3 жыл бұрын
You good dude mane glad found ya channel✍🏾💪🏿
@michaelcrawford3830
@michaelcrawford3830 4 жыл бұрын
2k gallons but well explained nevertheless
@TruckingFromScratch
@TruckingFromScratch 4 жыл бұрын
Yeah I saw that, but it was too late 🤦🏽‍♂️
@woodsbikes6130
@woodsbikes6130 4 жыл бұрын
I noticed that too. Lol
@michaelmurphy9596
@michaelmurphy9596 2 жыл бұрын
I was waiting for you to say, 'Oh crap, I messed up! Well explained nonetheless!!
@WR-qf6co
@WR-qf6co 2 жыл бұрын
Lol it’s all good
@truckingeveryday5703
@truckingeveryday5703 3 жыл бұрын
And this is why I am a subscriber....straight to the point and easy to understand thanks david
@elginace1
@elginace1 4 жыл бұрын
Again great information something every trucking business owner needs to know very concise and easy to understand thanks again
@3sixty5transport89
@3sixty5transport89 3 жыл бұрын
4 da culture. Keep doing what u do continue to spread love brother
@moonrunnerlife1640
@moonrunnerlife1640 2 жыл бұрын
It's for business. Is trucking a culture? It's for the culture 😆
@dshep7850
@dshep7850 2 жыл бұрын
Great explanation. It helped me to understand about IFTA quarter report. This is my first time. Thanks so much.
@mercedesantongiorgi7072
@mercedesantongiorgi7072 2 жыл бұрын
Me too
@tinafulford7190
@tinafulford7190 2 жыл бұрын
Thank you so very much for the CLEAR, SIMPLE explanation.
@Carmay513
@Carmay513 2 жыл бұрын
It's that time again, Thank you David.
@TruckingFromScratch
@TruckingFromScratch 2 жыл бұрын
Yes it is. Comes around quick lol
@lorrainemyname
@lorrainemyname 3 жыл бұрын
Thanks for your knowledge! Anytime I search ANYTHING about trucking you channel pops up.
@leanncottle8785
@leanncottle8785 10 ай бұрын
Great video! Very clear and informative! Thank you!
@fritzduval
@fritzduval 5 жыл бұрын
Thank my guy! FYI you handled your 8 wheels and tires getting heist much better than i would. Wow....
@TruckingFromScratch
@TruckingFromScratch 5 жыл бұрын
Don’t get me wrong, I was pissed, but there was nothing I could do about it. It was almost 2 years ago, so by the time I made the video, my blood wasn’t boiling anymore lol
@fritzduval
@fritzduval 5 жыл бұрын
@@TruckingFromScratch that driver would have had deductions...lol
@fburge78
@fburge78 2 жыл бұрын
IFTA is one of the most stupidest tax EVER. I am very grateful of you explaining this.
@sharonnzachery4411
@sharonnzachery4411 2 жыл бұрын
I always wondered how this worked this info is very helpful. Thank you
@geoestrada5001
@geoestrada5001 3 жыл бұрын
thanks for your helpful advice I do my self get an yellow envelop big enough for monthly receipts writing on it the purchase for everything, drive safe
@shaywatts6338
@shaywatts6338 2 жыл бұрын
You cleared up a lot of questions I had abt IFTA. Thank you!!
@pastorrock5431
@pastorrock5431 2 жыл бұрын
U r a very knowledgeable brother. Tnx so mch 4 all ur info and hardworking into these videos.
@jamesmorris8226
@jamesmorris8226 5 жыл бұрын
Can you do a video on how you know when to your ifta? When is it time? How you know when the end if the quarter is?
@sweettee051988
@sweettee051988 4 жыл бұрын
The 1st quarter is due in April(January-march). 2nd in July(April-june). 3rd in October(july-september) and 4th in January(october-december). Hope that helps. My husband and I have our authority and I handle all of that. New Mexico, new York, Kentucky and Oregon have their own individual taxes that you have to pay quarterly also. But you still include them with your ifta. You can only pay Oregon monthly for your 1st year and after you make a year, you pay quarterly. I made a short video on how I do mines on our trucking channel but it's not this detailed lol.
@sweettee051988
@sweettee051988 4 жыл бұрын
If you use an Eld like for instance keep truckin is what hubby and I use, it keeps up with all the miles in each state for you. Fuel, I enter fuel in manually every time we get fuel for each quarter into excel.
@popppadoc27
@popppadoc27 3 жыл бұрын
You broke it down real good thanks
@mariaescobar8921
@mariaescobar8921 Жыл бұрын
Thank you for taking the time one on one
@bakerkhamees1891
@bakerkhamees1891 4 жыл бұрын
This is the best explanation thank you so much!!!
@jkc1553
@jkc1553 3 жыл бұрын
Out all the videos l watched, this is the best. Thanks
@andrewlittle4084
@andrewlittle4084 3 жыл бұрын
SO you have to pay taxes on fuel thats already taxed?
@kennitabowman
@kennitabowman 2 жыл бұрын
Good day thank you soo sooo sooo much for this information which are the best fuel cards that you would recommend
@jalenharris2799
@jalenharris2799 5 жыл бұрын
free game! This will help me when IFTA is due, but might need your service! only question is what eld do you recommend?
@sweettee051988
@sweettee051988 4 жыл бұрын
Im not him but my husband and I use keep truckin. It's pretty good and it helps out A LOT when it comes to ifta and other taxes
@Philthaentrepreneur
@Philthaentrepreneur 3 жыл бұрын
@@sweettee051988 really how do I look that info up on the apps
@7891gb
@7891gb 4 жыл бұрын
Thank you very much great information simple but to the point
@dricks4258
@dricks4258 2 жыл бұрын
you are the GOAT!!
@desireevalle3399
@desireevalle3399 2 жыл бұрын
How is it that you add the gallons purchased ? PLZ THANK YOU !
@desireevalle3399
@desireevalle3399 2 жыл бұрын
I mean like do you add 50.106 etc
@knahsty
@knahsty 2 жыл бұрын
Very insightful Bro. Thanks for sharing. ✊🏽💪🏽🙏🏽
@ahmadaboalnadie1766
@ahmadaboalnadie1766 3 жыл бұрын
Thank you much, ur efforts are appreciated.
@ashleymcgill5241
@ashleymcgill5241 3 жыл бұрын
How about if you come back to your own yard to fuel up daily? We usually fill up mainly at the shop, and only have a few fuel receipts from another state. Thanks for this video!
@TruckingFromScratch
@TruckingFromScratch 3 жыл бұрын
The gallons from your yard are purchased from your home state so they’ll be recorded as such. Make sense?
@CarmelWi
@CarmelWi Жыл бұрын
@@TruckingFromScratch you can't use the miles from your home state? Because I notice it says international so I'm wondering if the home state is not permitted for use.
@lindagreen137
@lindagreen137 2 жыл бұрын
This was the best video yet!!!! I will be subscribing and using some of your links. I am a tax preparer and I have a lot of clients that are truck drivers now. Could you do a video on how to read the Comdata card fee print out? Most of my truckers utilize this card. Thank you so much for your help!!!!
@larrymoore3238
@larrymoore3238 3 жыл бұрын
You were very helpful I appreciate you God bless you!
@Safety_Edge_Trucking_Solutions
@Safety_Edge_Trucking_Solutions Жыл бұрын
Hello , Thanks for the information Could you advise where to file IFTA return online when we collect all miles and gallons.
@Truckingambler_773
@Truckingambler_773 3 жыл бұрын
Are you from Illinois I need help with this plz
@diablo09121972
@diablo09121972 2 жыл бұрын
Thanks for the valuable content in this video
@bisoucollection4155
@bisoucollection4155 2 жыл бұрын
Hi what is the website to file the IFTA report?
@foxyroxy8374
@foxyroxy8374 4 жыл бұрын
Thank you!🖤
@pantera7086
@pantera7086 3 жыл бұрын
can you show in the spreadsheet on the GEORGIA IFTA website how to fill out. I also have a question my husband traveled from Ga to Texas and he pumped fuel in LA how do you put in the gallons in that state? . I'm new to all of this please show step by step. Thank you much
@notretireingearlyat5581
@notretireingearlyat5581 4 жыл бұрын
Great content,Great presentation! Thank you
@ricardoa8246
@ricardoa8246 2 жыл бұрын
I Mistakenly put my NJ miles under NY and click submit, I noticed the mistake after seeing the invoice. I went back to fix and it says that I can not generate another invoice, Can someone please explain how can I fix this problem? and re-do my 3 quarter IFTA report.
@jlmadd
@jlmadd 2 жыл бұрын
If you traveled miles in a state and did not buy fuel you may have to pay that state. Say you run Georgia to ohio and you always buy your fuel in Georgia, you will have to pay. Some states reimburse you for excess fuel for miles driven in a state some do not. Also if you go through Kentucky, your carrier must have a KYU number. They will shut you down
@najlabadr968
@najlabadr968 3 жыл бұрын
Thanks a lot for this thorough information!!!!
@majaviseibiunouva
@majaviseibiunouva 3 жыл бұрын
Thank you so much for your clear explanation and tips!!! 👏
@claudiacarrasco7791
@claudiacarrasco7791 3 жыл бұрын
Thank you for this informative video! I have one question, is it possible to file for the Ifta for each truck separately?
@rosadotransportationllc5840
@rosadotransportationllc5840 3 жыл бұрын
Very nice video, very informative and simple, thank you
@diablo09121972
@diablo09121972 2 жыл бұрын
To help with the algorithm l subscribed and liked your valuable content
@bobbygraham1135
@bobbygraham1135 2 жыл бұрын
Good video man
@abdirahmanabdi6223
@abdirahmanabdi6223 2 жыл бұрын
This is a great explanation of how to do ifta. One question that I still need to know. I recently started and need to file paper return. I do have miles driven in each state and gallons of fuel that I bought. Here is where I am confused, how do I find fuel burned in each state. Thank you so much once again
@TruckingFromScratch
@TruckingFromScratch 2 жыл бұрын
You don’t have to worry about fuel burned. IFTA only takes into account miles driven in each state and gallons purchased in each state. Hope this helps
@abdirahmanabdi6223
@abdirahmanabdi6223 2 жыл бұрын
@@TruckingFromScratch it really does help, how am I going to know how much I need to pay each state or if I am getting refund from state
@abdirahmanabdi6223
@abdirahmanabdi6223 2 жыл бұрын
Sorry being back and forth, so what two numbers do I need to add or multiply to find how much tax to pay or refund. I fueled some states and I didn't fuel some. Thank you again
@tayyabir5873
@tayyabir5873 Жыл бұрын
Very informative video. Do you know anything about Oregon tax that truckers have to pay thanks
@Ethiopia22
@Ethiopia22 3 жыл бұрын
thank you so much bro , that was very helpful
@frosina7622
@frosina7622 3 жыл бұрын
This is a great video!
@latonyalawrence850
@latonyalawrence850 2 жыл бұрын
thank you so much for this
@Vjthompson718
@Vjthompson718 3 жыл бұрын
thanks for getting back to me i will do it that way
@YudianaJimenez
@YudianaJimenez Ай бұрын
Hi, back in 2021 I watched your video for the audit, I did exactly as you explained it in your video and I passed smoothly! They even congratulated me having everything quick and in order just like it happened to you! Anyways, I ended up closing it because of economic reasons. Now, I recently opened an LLC in the state of IN, and I have to idea how to create an IRP account or file IFTA for this truck I purchased for the first time. Indianapolis agents told me to do it online and then make an appointment to go in person. But I live in Jeffersonville, 2hrs away. Do you have any video creating IRP and IFTA? Please advise, and thank you in advance 🙏🏼.
@elgansito1552
@elgansito1552 4 жыл бұрын
What elog program/company do you use?
@antonjames4867
@antonjames4867 2 жыл бұрын
How do you apply and how do you know what states have hut stickers how do you get them
@crystalsalton
@crystalsalton Жыл бұрын
Hey David, you mentioned fuel in states where there was no load, how do we circumvent that with drivers? Are the routes from point A to point B factored?
@hassankafinoor5013
@hassankafinoor5013 4 жыл бұрын
do you need to list the state you didn't buy fuel from?
@TruckingFromScratch
@TruckingFromScratch 4 жыл бұрын
If you’ve driven miles in that state, then yes (even if you didn’t buy fuel in that state)
@shreese100
@shreese100 4 жыл бұрын
THANK YOU FOR YOUR HELP
@mirisali1889
@mirisali1889 3 жыл бұрын
OMG I NEED HELP!! I wish I can speak to you 😩
@Bajyanama
@Bajyanama 5 жыл бұрын
When you counting fuel gallons that you purchased in each state, do you count DEF as well? Or you just count fuel gallons only?
@TruckingFromScratch
@TruckingFromScratch 5 жыл бұрын
Good question....DEF isn’t counted bc it’s not a fuel used to propel your truck
@highrollers8279
@highrollers8279 4 жыл бұрын
combine them together
@michellefernandez3875
@michellefernandez3875 4 жыл бұрын
Very informative. Thank you!
@MrCarr36
@MrCarr36 3 жыл бұрын
You mention persons who pays with cash or with a debit card. What happens in a situation when a person does not go back into the station and get the receipt with the break down of gallons paid for? Would the person try to calculate that number by rough estimate or would the person have to note this value in a different way for the IFTA filing? Thanks for the feedback.
@marylawrence4418
@marylawrence4418 2 жыл бұрын
Did you ever get this answered?
@yuricarrion2991
@yuricarrion2991 3 жыл бұрын
Thank you so much, so I received a letter that I have to fill 720 form so it’s?
@kalianlounge23
@kalianlounge23 3 жыл бұрын
2k gallons but thank you for the other info
@jhesles
@jhesles 3 жыл бұрын
Thank you great information 🙌🏼
@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!
@TruckingFromScratch
@TruckingFromScratch 2 жыл бұрын
Yes, all miles
@CarmelWi
@CarmelWi Жыл бұрын
Hi I'm new here but could you explain what ELD is?
@mardishafrancis2576
@mardishafrancis2576 4 жыл бұрын
Where do you go to file IFTA for Kentucky and New York?
@jayd4656
@jayd4656 3 жыл бұрын
and do u repeat the same info on the individual state fuel taxes?
@brig4157
@brig4157 3 жыл бұрын
Very helpful thank you so much!
@jentownsend653
@jentownsend653 2 жыл бұрын
Thank you!
@patriciajacobs1905
@patriciajacobs1905 2 жыл бұрын
Do you have videos on filing taxes?
@patriciajacobs1905
@patriciajacobs1905 2 жыл бұрын
Your videos are quick and easy to comprehend. Thanks
@lexiibby3
@lexiibby3 2 жыл бұрын
Help please !!! I live in NM and it’s asking for “taxable gallons consumed” do you know where can I find that ??? Please thank you ♥️
@TruckingFromScratch
@TruckingFromScratch 2 жыл бұрын
It’s the same number as taxable gallons paid ***this is not tax help though - for entertainment purposes 🤣 - your state’s department of revenue can confirm***
@sadoquetransport5806
@sadoquetransport5806 2 жыл бұрын
I got a question bro , I have always wondered do you enter all the mileage driven in the state or just toll mileages ?? Thanks 🙏🏻
@shawest26
@shawest26 3 жыл бұрын
Hello, We added a truck in quarter 3. How do I file the IFTA for all the trucks? Is it one tax return or multiple?
@TruckingFromScratch
@TruckingFromScratch 3 жыл бұрын
It’s one return containing the information from the total operation
@brendarodriguez6708
@brendarodriguez6708 5 жыл бұрын
I have a question if you have 6 trucks you do it the same for each truck all together
@TruckingFromScratch
@TruckingFromScratch 5 жыл бұрын
Yes, you will report the total gallons by state & miles by state for all trucks in your fleet.
@quezy3589
@quezy3589 7 ай бұрын
How did you get the 1,000 gallon purchase? Is it 2000 gallon was there a dividing
@carmenmarrero6107
@carmenmarrero6107 4 жыл бұрын
Thanks a bunch. Now i have to learn how to get the inormation of the gps system.
@melissadaniels8112
@melissadaniels8112 4 жыл бұрын
Use Keep Truckin. It will do it for you.
@carmenmarrero6107
@carmenmarrero6107 4 жыл бұрын
@@melissadaniels8112 thank you!!
@CarmelWi
@CarmelWi Жыл бұрын
Where do you enter this on the tax return?
@briandab7735
@briandab7735 4 жыл бұрын
I’m wondering if anybody could help me with an issue I’m experiencing :) my gps system restarted and all I have are the fuel receipts. Would I be able to calculate the mileage based on these receipts?
@RockyRackstor
@RockyRackstor 4 жыл бұрын
No you can’t. You need exact miles where you’ve driven with those gallons.
@Burroughsbikebuilds
@Burroughsbikebuilds 4 жыл бұрын
We have a Peterbilt Cabover box truck that is their electric variant (lease only). What happens when you have mikes and literally no fuel receipts?
@johnnycage4504
@johnnycage4504 3 жыл бұрын
I have a question about the total tax I have to pay quarterly or annually. How do I do that? Or should I just hire an accountant?
@DukeCityDom
@DukeCityDom 2 жыл бұрын
What if you’re going to be using paper logs? Do you need to keep track of miles in each star manually?
@Romano108
@Romano108 8 ай бұрын
Yes, If you use paper logs you need to document your miles in each state. You can just put your odometer reading on the sheet real fast when you cross borders to keep track. Make sure you are documenting all your destination points in each jurisdiction and document your receipts so you can summarize your information faster at the end of the quarter or it will be harder to go back and piece together.
@eileencoleman.breadoflife
@eileencoleman.breadoflife 2 ай бұрын
Thank you soo much!
@Jay-gv3nf
@Jay-gv3nf 3 жыл бұрын
Do you need this if you are just staying in California ?
@lestheindependentunlesslik6882
@lestheindependentunlesslik6882 3 жыл бұрын
Thanks David
@mohamedseid3201
@mohamedseid3201 2 жыл бұрын
Wow. Thanks bro
@frdhenderson56
@frdhenderson56 4 жыл бұрын
What electronic log system do you use?
@TruckingFromScratch
@TruckingFromScratch 4 жыл бұрын
KeepTruckin, check out my video description box
@shaibuamadu1840
@shaibuamadu1840 Жыл бұрын
I traveled in five states TN, KY, IL, MO, KS back and forth on a dedicated run, but only fueled in MO every trip because fuel was cheaper there so to file IFTA I had a lot of fuel to report but only in one state and I owed a lot of taxes on my report. Can you explain why and thanks!
@Romano108
@Romano108 8 ай бұрын
The tax rate is set by the member jurisdictions you drive through. If a state has a higher fuel tax than the state or province you buy your fuel in then you have to pay the difference. Likewise you can get a refund if the state you buy your fuel in is more expensive and the states you drove in had a lower tax rate.
@Just_doing_kei
@Just_doing_kei 3 жыл бұрын
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