Ifta tax calculator

Providing Premier 2290 E-filing Options Why Choose ATBS for HVUT Filing? Get 2290 Schedule 1 in Minutes Guaranteed Schedule 1 or Money Back File in less than 2 minutes from any device Automatic & Accurate HVUT Tax Calculation Free 2290 VIN Corrections File 2290 Amendments Stay updated with email, text, and fax alerts Access copy of Schedule 1 online whenever required Claim Tax Credits using 8849 Schedule 6 File your Form 2290 Now in minutes with ATBS Get 2290 Schedule 1 in 3 Simple Steps CREATE ACCOUNT Register as a new user or login to your ExpressTruckTax account Gather your Business & Truck information ENTER DATA Enter your business and truck information Choose from 3 IRS payment options VALIDATE & E-FILE Let the program review and check your Form info for errors E-file Form 2290 to the IRS and get Schedule 1 in minutes Get notified about your filing status Instantly Start Filing Now Keep your Business moving with these FREE Tools HVUT Tax Calculator Take the guesswork out of estimating your taxes with ExpressTruckTax’s Free HVUT Calculator. Quickly figure out your 2290 tax amount and know how much your HVUT will be. Calculate My HVUT Tax Now IFTA Tax Calculator Make your IFTA reporting hassle-free with our free IFTA calculator. Calculate your IFTA taxes online. Simple, easy, and accurate. Trusted by drivers like you. Calculate My IFTA Tax Now What is IRS Form 8849? The IRS Form 8849 Schedule 6 is used to file in order to claim your credit. If your vehicle was sold, stolen, destroyed, or for any vehicle on which the tax was paid on Form 2290 if the vehicle was used 5,000 miles or less on public highways (7,500 or less for agricultural vehicles) during the tax period. What information is required to file 8849? You will need your name/address and make sure it is accurate to what the IRS has on file. You will also need your EIN number, and if you are not required to have an EIN, you can enter your social security number. To claim a refund, you will also need the date of the event that occurred to the vehicle sold/stolen/destroyed. When can I e-file Form 8849? If you have paid the Form 2290 Heavy Vehicle Use Tax and your vehicle was sold/stolen/destroyed, you can e-file Form 8849 at any time. You just have to pay Form 2290 HVUT first.

IFTA Late Payment Penalties IFTA Late Filing Penalties Penalty for Underpayment of Tax Due “Ease, and quality of the end result in a timely manner. I love doing business with this company!” -Danny Collins, Clarence, Missouri Generate Report Now, and print & mail to your Jurisdiction Why ExpressIFTA? Accurate fuel tax calculations Automatic IFTA rate updates Supports State-specific report formats Home IFTA Penalty Your Second Quarter IFTA Report is Due on July 31, 2020 IFTA Fuel Tax Filing and Payment Penalties If you fail to file or submit your IFTA Report by the deadline you will be forced to face severe IRS penalties. Penalties may also apply for incorrect information on IFTA Reporting. You will also face an additional interest charge on late payments. Why ExpressIFTA? Generate IFTA reports in minutes Accurate fuel tax calculations Automatic IFTA rate updates Bulk data upload or manual data entry Supports State-specific report formats Instant Error Check 100% US-based support 1. Payment Details If you are due a refund the amount will automatically be calculated by ExpressIFTA and will be listed on your IFTA Quarterly tax return. This amount will show you if you owe taxes or are due a refund. Parentheses represent a negative balance meaning that you do owe taxes to your Base Jurisdiction. Any tax balance due will be automatically calculated by ExpressIFTA and will be listed on your IFTA fuel tax return. In order to pay your IFTA tax, simply submit a check or money order for the amount owe with your completed IFTA form to your Base Jurisdiction/State. 2. Late Filing Penalty For most states, the penalty for late filing is a flat rate fee of $50 or 10% of the taxes due, whichever is greater. The only state that is different is Nevada. Nevada's penalty for Late filing is a $50 flat fee plus 10% of the taxes due. 3. Penalty for Late Payment Starting the month after you receive your original penalty for late filing, you will be charged .4167% of the tax due every month until the tax amount is paid. Again, Nevada is the only exception to this rule. Nevada charges the .4167% of the tax due every month as well as an administrative late fee of $100 the first time, $500 the second time, $1000 the third time, $1500 the fourth time, $2000 the fifth time, and $2500 for every time after that. 4. Penalty for Underpayment of Tax Due Penalty for underpayment of taxes due is calculated the same way. You will be charged a penalty amounting to .4167% of the unpaid taxes on a monthly basis until the taxes are paid in full. Avoid Late Filing Penalties by Choosing our IFTA Reporting

Filing a late quarterly fuel tax report in Massachusetts? Massachusetts charges a late penalty of $50 or 10% of the net tax due, whichever is greater. Interest is computed on overdue taxes in each jurisdiction at a rate of .4167% per month. Even if you are due a net refund, interest still applies to each jurisdiction for any underpayment of fuels use tax to that jurisdiction. This interest is calculated from the day after the IFTA quarterly due date for each month, or fraction of a month, until paid. How do I obtain a Massachusetts IFTA return? You can generate and print an IFTA return online at ExpressIFTA. Massachusetts will also send the IFTA quarterly tax return will be sent to all IFTA licensees at least thirty (30) days prior to the due date. Failure to receive the quarterly tax return does not release the licensee from reporting obligations. Where can I get more information regarding IFTA in Massachusetts? www.mass.gov/dor/all-taxes/fuels/ifta/

Be kept at your business address in a safe place. Your Wisconsin IFTA license is valid for the calendar year January 1 through December 31. Do I file a quarterly fuel tax report if I didn't run during the quarter? Yes, the state of Wisconsin still requires you to submit a "zero" report even if no fuel or IFTA mileage was traveled in that quarter. What is the penalty and interest rate for filing a late quarterly fuel tax report in Wisconsin? Wisconsin charges a late penalty of $50 or 10% of the net tax due, whichever is greater. Interest is computed on overdue taxes in each jurisdiction at a rate of .4167% per month. Even if you are due a net refund, interest still applies to each jurisdiction for any underpayment of fuels use tax to that jurisdiction. This interest is calculated from the day after the IFTA quarterly due date for each month, or fraction of a month, until paid. How do I obtain a Wisconsin IFTA return? You can easily generate and print your IFTA return at ExpressIFTA. The IFTA quarterly/annual tax report will also be sent to all IFTA licensees at least 30 days before the due date. Quarterly tax reports may be filed online at the official DOT website of the State of Wisconsin or obtained online if you feel comfortable doing IFTA calculations on your own. You can also call (608) 266-9900 for assistance. Where can I get more information regarding IFTA in Wisconsin?