Most Common IFTA Reporting Mistakes Truckers Usually Commit
If you are in the trucking business, then you might be familiar with the IFTA term which means International Fuel Tax Agreement. This agreement is all about paying taxes for fuel when the trucking companies have to cover journeys passing different jurisdictions. It’s basically an arrangement between U.S states and Canadian provinces and is legalized to allow truckers to frequently cross state lines on their routes without any restriction. IFTA services simplify accounting and payment of fuel taxes and also relieves trucking companies from paperwork. However, IFTA reporting is a complex task to do and if someone committed a mistake in doing so, then it can impose bigger penalties on the possessor and would lead to unnecessary stress. Here in this blog, we will share some of the common mistakes that truckers usually commit while reporting IFTA and how they can avoid it. So, let's put a look Inaccurate Mileage Reporting Inaccurate mileage recording is one of the most fre...