The international fuel tax agreement, or IFTA, is an agreement between the states of the US and Canadian provinces regarding fuel usage by motor carriers that run across many states. Hence IFTA reporting on time is essential. By submitting the IFTA auditing report before the deadline, the fleet manager or truck drivers avoid paying penalties. 

Importance of IFTA reporting  

An IFTA agreement is significant where all interstate heavy vehicle operators report fuel taxes. The IFTA agreement is associated with ten Canadian provinces and 48 lower states. However, the IFTA calculator software stays as extraordinary software as it calculates the miles and fuel of the truck effortlessly. 

OTS, or Online Trucking Solution, simplifies IFTA reporting for truck drivers and fleet managers by following the simple process. They make the reporting faster, digital, and more efficient by using IFTA reporting software. Such specialized solutions in the trucking industry make IFTA reporting a cakewalk.  

IFTA reporting guide  

Trucking fleets must calculate the IFTA report precisely.  

  • Make a note of miles and calculate the total taxable miles the truck runs in every jurisdiction. 
  • Calculate the number of gallons of fuel utilized in every jurisdiction. For fuel purchase in each jurisdiction, the fuel purchase date, fuel type, seller name, location, rate of a gallon, etc., are required. 
  • Calculate the amount to be given to every jurisdiction. 
  • Finally, calculate the refund amount or IFTA tax owed. 
  • Fill out the IFTA form with all mandatory details and the downloaded form to be mailed.
  • Few jurisdictions permit online filing for IFTA reporting, whereas others have to mail the returns. 

Plentiful IFTA online filing solutions have popped up, making the task of IFTA reporting more straightforward. These solutions require the filer to fill the miles driven in every jurisdiction, total miles driven, and gallons of fuel purchased in different jurisdictions. Such online sources have inbuilt IFTA reporting mileage calculators and other tools for effortless filing. The system has the rate and added details for completing the IFTA reporting instantly.  

OTS makes IFTA reporting easy  

The online tracking service, or OTS, is an online solution for truck owners for easy IFTA reporting. The IFTA reporting has turned into a child’s play with OTS. The peerless quality services have inbuilt IFTA reporting software, IFTA calculator software, IFTA reporting mileage calculator, and more that supports and helps the customers. Income, invoices, expenses, or dispatch Online Trucking Solution has the best solution. 

With experts as professionals and decades of experience, OTS offers customers the best solution. The state-of-the-art solution and cutting-edge technology are what make OTS the best out of the rest.  

Conclusion  

Click OTS for online IFTA reporting with simple steps and instant solutions. Avoid penalties by registering with the online truck solution and availing of all the available tools. The user-friendly solution provides users with IFTA rate updates and more. Hence registering with OTS turns the burden of IFTA reporting easy peasy. The trucking dispatch software, IFTA calculator, etc., are exceptional tools for better reporting.