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IFTA Annual Tax Return LC - 05 03 17 Calculated

IFTA Annual Tax Return LC - 05 03 17 Calculated 2025

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The document provides instructions and a form for the International Fuel Tax Agreement (IFTA) Annual Tax Return, detailing the necessary information required for completion, including reporting fuel types, miles traveled, and taxes due. It emphasizes the importance of accuracy to avoid processing delays and outlines penalties for late submissions. Contact information for the Missouri Department of Transportation's Motor Carrier Services is also included.

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How to use or fill out IFTA Annual Tax Return LC - 05 03 17 Calculated

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Click ‘Get Form’ to open it in the editor.
Begin by filling out the Name and Address section at the top of the form. Ensure that your License Number, Reporting Year, and License Name are accurately entered.
Indicate your Fuel Type by checking one box only. If applicable, mark 'No Operation' if you did not operate any qualified vehicles during the reporting period.
Proceed to Page 2. Enter jurisdiction names and total miles traveled for each quarter in Columns 1 and 2 respectively. Ensure that total taxable miles do not exceed total miles traveled.
Calculate Taxable Gallons Consumed by dividing Column 3 by your Average Miles Per Gallon (Line C). Round to the nearest whole gallon.
Complete all necessary calculations for tax due or credit earned in Columns 6 through 10, ensuring accuracy before finalizing your return.
Return to Page 1 to finalize totals from Page 2 and complete any additional required fields before submitting your form.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How is IFTA fuel tax calculated?

Your IFTA fuel tax is calculated based on how many gallons of fuel you burnin each state. We wont know that upfront, so we will have to calculate it based on what you do know. You know how many miles you traveled in each state. You know how many gallons you purchased in each state.

How does the IFTA tax work?

The International Fuel Tax Agreement (IFTA) is an arrangement among U.S. states and Canadian provinces. Taxes are paid on motor fuels, and IFTA allows commercial motor carriers to register in one state and have these tax assessments paid out to all participating areas ing to their fair share.

How do you calculate IFTA?

Follow these steps for accurate calculations: Track Total Miles Driven in Each Jurisdiction. Calculate Overall Fuel Mileage. Determine Fuel Consumed per Jurisdiction. Apply the Jurisdictions Tax Rate. Reconcile Tax Paid and Tax Owed.

What is the IFTA Fuel Tax Report Supplement?

The IFTA Fuel Tax Report Supplement Form 56-102 is essential for reporting fuel tax for different fuel types. This form aids in calculating tax liabilities based on miles traveled in various jurisdictions. It is crucial for both individuals and businesses involved in interstate travel.

How do I calculate tax paid gallons?

Manual recording of mileage and fuel use. Be sure to record odometer readings each time you cross a state border and each time you refuel. Then add up each states mileage and multiply by the tax rate. Add those numbers and then youll have the amount of tax you need to pay.

How do I know if I have IFTA?

If you qualify as an IFTA licensee, the base jurisdiction will send you an IFTA license which you will be required to copy and place in each of your qualified motor vehicles. The base jurisdiction will also send you two decals for each qualified motor vehicle that you have.

What is tax paid gallon on IFTA?

Tax Paid Gallons is all fuel purchased for a qualified vehicle at retail stations (where jurisdictions fuel tax is included in the purchase price per gallon); and all disbursements from a bulk tank into a qualified vehicle with proof of jurisdictions fuel tax paid.

What is the difference between IFTA miles and taxable miles?

Non-Taxable Miles are miles travelled that are not subject to motor fuel taxes (IFTA). Each jurisdiction has its own unique definition of non-taxable mileage or exemptions. In other words, your Non-Taxable miles are those miles that fall under any of the IFTA jurisdictions exemptions.

IFTA Annual Tax Return LC - 05 03 17 Calculated 2025

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