2022-2024 Form

Instructions and help about Instructions For Filing Blender Fuel Tax Return

hey what's up everybody is david mcgill now in this video I had a question from a subscriber that asked if I can do a video explaining how to do if the tax returns so in this video I'm going to break down the information you need to complete your quarterly if the tax returns now before I get into the calculation let me explain what exactly if the even is so it's spelled IFTA and it's an acronym for International fuel tax agreement now basically what this is is there is a tax that you pay on fuel and depending on where you purchase your fuel from versus where you're traveling the state where you paid the tax they may be required to split that money with the states that you drove in so we have to file this tax return every quarter where we report the miles that we travel in each state along with the number of gallons of fuel we purchase in each state so now that we kind of have a general background of this quarterly tax filing I'm going to get into the break out of you know how I comput