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FET 1501 a FUEL ENERGY TAX RETURN  Form

FET 1501 a FUEL ENERGY TAX RETURN Form

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in this video we're going to discuss what is IFA and how to properly file your quarterly IFA returns let's get started now what is IFA IFA stands for international fuel tax agreement and it's an agreement between 48 states in the US and 10 provinces in Canada making it easy to report fuel use by trucking companies that operate in more than one state now who is required to get IFA if you have a trucking company and you're crossing state lines you most likely will need IFA for example if your gross vehicle weight rating on your truck weighs more than $26 ,000 lb you will need IFA also if you have a truck that has three or more axles regardless of the weight you will need IFA how do you apply for your IFA license so you apply for your IFA license with your home state for example if your trucking business is based out of Ohio Ohio would be your base jurisdiction and that is where you would apply for your IFA license in each quarter you would be filing your I

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