August 10th, 2011 @ masslogics // No Comments
(More) So, what is IFTA exactly? IFTA stands for International Fuel Tax Agreement. This tax agreement is between the contiguous 48 US states and Canadian provinces. The agreement accounts for how fuel taxes are distributed to the states or provinces where they are due. But wait, aren’t the fuel taxes collected when I purchase the [...]
July 8th, 2010 @ masslogics // No Comments
(More)Ask any tax professional what IFTA is, and most of them won’t have a clue. The IFTA Report is one of the most complex computations that any small business has to do. Trucking professionals can spend hours compiling all the miles driven by their fleet by state, and figuring out all the fuel purchased by [...]
