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What is the IFTA 105 Form?

The IFTA 105 form, also known as the International Fuel Tax Agreement form, is a crucial document used by motor carriers operating in multiple jurisdictions across the United States and Canada. This form is designed to report fuel use and calculate the taxes owed to various states and provinces where the fuel was consumed. It simplifies the reporting process for carriers who operate in multiple states, allowing them to file a single form instead of separate returns for each jurisdiction.

Steps to Complete the IFTA 105 Form

Completing the IFTA 105 form involves several key steps:

• Gather Required Information: Collect data on fuel purchases, miles driven in each jurisdiction, and any other relevant information.
• Fill Out the Form: Input the gathered information into the appropriate sections of the IFTA 105 form, ensuring accuracy to avoid penalties.
• Calculate Taxes: Use the provided formulas to determine the taxes owed based on fuel consumption and mileage.
• Review the Form: Double-check all entries for accuracy and completeness before submission.
• Submit the Form: File the completed IFTA 105 form with the appropriate state agency by the deadline.

Filing Deadlines / Important Dates

Filing deadlines for the IFTA 105 form are typically quarterly. Carriers must submit their forms by the last day of the month following the end of each quarter. For example, the deadlines are:

• First Quarter: April 30
• Second Quarter: July 31
• Third Quarter: October 31
• Fourth Quarter: January 31

It is essential to adhere to these deadlines to avoid penalties and interest on late payments.

Penalties for Non-Compliance

Failure to comply with IFTA regulations can result in significant penalties. These may include:

• Late filing penalties, which can accumulate over time.
• Interest on unpaid taxes, increasing the total amount owed.
• Potential audits by state tax authorities, leading to further scrutiny of records.

Maintaining accurate records and filing on time is crucial for avoiding these consequences.

Form Submission Methods

The IFTA 105 form can typically be submitted through various methods, including:

• Online Submission: Many states offer online portals for filing the IFTA 105 form electronically.
• Mail: Carriers can print the completed form and send it via postal service to the appropriate state agency.
• In-Person: Some jurisdictions allow for in-person submissions at designated offices.

Choosing the right submission method can help streamline the filing process.

Who Issues the IFTA 105 Form?

The IFTA 105 form is issued by the International Fuel Tax Agreement governing body, which is comprised of member jurisdictions. Each state or province participating in IFTA has its own agency responsible for administering the agreement and overseeing compliance. Carriers should ensure they are using the most current version of the form as issued by their respective state.