International Fuel Tax Agreement (IFTA) New Accounts and Renewals

Transcription

1 International Fuel Tax Agreement (IFTA) New Accounts and Renewals

2 New IFTA Accounts and Additional Decals New IFTA accounts can be opened at the branch offices listed below: SCDMV IRP/IFTA Branch Offices: Blythewood (Headquarters) Chester Greer Irmo Dillon Kingstree North Augusta The following branches can issue additional decals ONLY. Charleston Florence Spartanburg Greenville Page 107 in workbook

3 New IFTA Accounts and Renewal of Account New IFTA Account FTA Checklist ( Form IFTA TBD) IFTA-1 Application US DOT # for IFTA Account Holder Operational Lease (applies only if Motor Carrier Authority responsible for the safety differs from IFTA account holder) MC-7-Agreement to Prepare and Maintain Records Equipment Listing Renewal of IFTA Account A signed and completed IFTA-1 MC-7-Agreement to prepare/maintain records Equipment Listing Power of Attorney (if needed) It is recommended that the carrier add another person that can inquire about the account in the carrier s absence. Who can be the POA- Office manager, friend or family Page 108 in workbook

4 2019 IFTA Checklist

5 MC-7 Form Agreement to Prepare/Maintain Records

6 IFTA-1 Form Application for IFTA Credentials

7 One Form Multiple Uses IFTA -1 Form One form is used for all of the following Original application (first time applicant) Renewal Application Additional IFTA Decals Name Change request Page 113 in workbook

8 Page 114 in workbook

9 International Fuel Tax Agreement (IFTA) Quarterly Tax Return

10 How to File an IFTA Quarterly Tax Return Introducing Feggans Trucking, LLC We are going to complete an IFTA Tax return together. In this exercise Feggans Trucking, LLC has traveled 7432 miles during the in the 3 rd quarter (July September). Feggans Trucking, LLC has purchased 932 gallons of diesel. Feggans Trucking, LLC had fuel purchases from South Carolina ONLY in the 3 rd quarter. During In the 3 rd quarter Feggans Trucking, LLC has logged the following distance traveled for GA, NC and SC. GA 1325 NC 2006 SC 4101 Total Distance 7432 Page 117 in workbook

11 IFTA Quarterly Tax Returns IFTA -3 Form Page 118 in workbook

12 IFTA Quarterly Tax Returns IFTA -3 Form

13 IFTA Quarterly Tax Returns IFTA -3 Form

14 IFTA Quarterly Tax Returns IFTA -3 Form

15 IFTA Quarterly Tax Returns IFTA -3 Form Page 122 in workbook

16 Manual IFTA Tax Return: Page 1 Exercise: Feggan s Trucking, LLC (FTL) Manual IFTA tax return for the exercise in the workbook.

17 Manual IFTA Tax Return: Page 2 Georgia Distance

18 Manual IFTA Tax Return: Page 3 North Carolina Distance

19 Manual IFTA Tax Return: Page 4 South Carolina Distance

20 Manual IFTA Tax Return: Page 5 Total Distance

21 Electronically Generated IFTA Tax Return

22 No Operation and/or Closed Tax Return Manual Return Electronic Return Page 125 in workbook Page 126 in workbook

23 How to Amend an IFTA Tax Return When would I Complete an Amended Tax Return? When you have submitted incorrect information on the original return. What Information will I need to Amend a Tax Return? IFTA Return IFTA-3: You will place an X by This is an Amended Return Make sure to use the same quarterly tax return date that is on the return that you wish to correct/amend Select the tax rate sheet applicable to the quarter you are amending Determine the correct tax rate by fuel type and jurisdiction Amended/Corrected Return replaces the Original Return Page 127 in workbook

24 How to Amend a Tax Return Original manual Return Amended manual Return Page 128 in workbook Page 129 in workbook

25 Amended Electronic Tax Return Original Electronic Return Amended Electronic Return Page 130 in workbook Page 131 in workbook

26 International Fuel Tax Agreement (IFTA) Payment Processing When Where How

27 When Do I Renew My IFTA? IFTA Decals Expires December 31 st Renewals can begin after 3 rd Quarter Tax Returns have been filed and paid. Page 136 in workbook

28 Where Can I Renew and File Tax Returns? SCDMV IFTA Branch Offices There are designated SCDMV IRP/IFTA Branch Offices that process IFTA Transactions. IF CUSTOMER IS AN IRP ACCOUNT HOLDER then a new IFTA account can be opened at the following locations Blythewood (Headquarters) Chester Greer Irmo Dillon Kingstree North Augusta Page 137 in workbook

29 How Do I Renew My IFTA? Field Offices (Satellite Offices) Via the Internet- Via Mail-in REMINDER Renewals cannot be processed until 3 rd Quarter has been filed and paid. Page 138 in workbook

30 IFTA License 2019 IFTA Decals Page 139 in workbook Page 140 in workbook

31 Additional Decals A signed and completed IFTA-1 Equipment Listing If customer is not the account holder requesting additional decals, then a Power of Attorney will be required. Page 141 in workbook Equipment List is required and must provide equipment description (VIN, year, make, model, etc ) and the apportioned plate number for the equipment.

32 Name or Address Change A signed and completed IFTA-1 Form 4057 (Name and address change form) Power of Attorney (will be needed if one is not on file with Motor Carrier Services) Articles of Incorporation (if applies) Page 142 in workbook

33 Please hold questions until the end of all presentations. Thank you!