I know for sure every one who’s spent one dime on your education should be so proud now. I have to tell you broh, your videos are absolutely helpful, completely instructive, whenever I watch them, I feel like I’m taking a class from one of my best teacher. Thank you for sharing your knowledge with us. Seriously we need more people like you in this field. Again thank you man!
It's hard to believe that this channel doesn't have 1 million subscribers yet, awesome channel with great informative content, keep up the great work Dave
First quarter for us since we are new in this industry. Just finished completing my return but decided to view this video before I submitted it. You hit the nail in the head with the prepaid receipt issue I am having with my driving. Luckily for the most part the rewards app contains the info needed.
Another piece of very good info Mr. McGill. My boss at my old job was very adamant about submitting the final receipt from prepaid fuel. So for all those folks who don't quite understand, just be sure to get the final receipt when you prepay your fuel. Whoever does the taxes, will not appreciate having to do the extra work to find the total number of gallons that were purchased. And if you prepay more than your tank(s) take, be sure to get that final receipt as well. That will completely end the transaction (sale) and the overage/change will be returned to the card. Keep up the good info and stay safe everyone.
ELD is a good way to get mileage data, I use my online Trucking office software, it keeps all miles and routes just by entering the load information. Then I transfer that information over on to my IFTA plus account and all I do from there is print sign the form and mail. Take about 5 minutes to do. Also Kentucky, New York, New Mexico and Oregon are filed separately.
Great video David! You are very resourceful. I learned a lot from this video. I am a tax professional and looking to help clients in the transportation industry. This was very informative
Don’t get me wrong, I was pissed, but there was nothing I could do about it. It was almost 2 years ago, so by the time I made the video, my blood wasn’t boiling anymore lol
thanks for your helpful advice I do my self get an yellow envelop big enough for monthly receipts writing on it the purchase for everything, drive safe
The 1st quarter is due in April(January-march). 2nd in July(April-june). 3rd in October(july-september) and 4th in January(october-december). Hope that helps. My husband and I have our authority and I handle all of that. New Mexico, new York, Kentucky and Oregon have their own individual taxes that you have to pay quarterly also. But you still include them with your ifta. You can only pay Oregon monthly for your 1st year and after you make a year, you pay quarterly. I made a short video on how I do mines on our trucking channel but it's not this detailed lol.
If you use an Eld like for instance keep truckin is what hubby and I use, it keeps up with all the miles in each state for you. Fuel, I enter fuel in manually every time we get fuel for each quarter into excel.
Hi, back in 2021 I watched your video for the audit, I did exactly as you explained it in your video and I passed smoothly! They even congratulated me having everything quick and in order just like it happened to you! Anyways, I ended up closing it because of economic reasons. Now, I recently opened an LLC in the state of IN, and I have to idea how to create an IRP account or file IFTA for this truck I purchased for the first time. Indianapolis agents told me to do it online and then make an appointment to go in person. But I live in Jeffersonville, 2hrs away. Do you have any video creating IRP and IFTA? Please advise, and thank you in advance 🙏🏼.
This was the best video yet!!!! I will be subscribing and using some of your links. I am a tax preparer and I have a lot of clients that are truck drivers now. Could you do a video on how to read the Comdata card fee print out? Most of my truckers utilize this card. Thank you so much for your help!!!!
can you show in the spreadsheet on the GEORGIA IFTA website how to fill out. I also have a question my husband traveled from Ga to Texas and he pumped fuel in LA how do you put in the gallons in that state? . I'm new to all of this please show step by step. Thank you much
This is a great explanation of how to do ifta. One question that I still need to know. I recently started and need to file paper return. I do have miles driven in each state and gallons of fuel that I bought. Here is where I am confused, how do I find fuel burned in each state. Thank you so much once again
You don’t have to worry about fuel burned. IFTA only takes into account miles driven in each state and gallons purchased in each state. Hope this helps
Sorry being back and forth, so what two numbers do I need to add or multiply to find how much tax to pay or refund. I fueled some states and I didn't fuel some. Thank you again
I Mistakenly put my NJ miles under NY and click submit, I noticed the mistake after seeing the invoice. I went back to fix and it says that I can not generate another invoice, Can someone please explain how can I fix this problem? and re-do my 3 quarter IFTA report.
How about if you come back to your own yard to fuel up daily? We usually fill up mainly at the shop, and only have a few fuel receipts from another state. Thanks for this video!
@@TruckingFromScratch you can't use the miles from your home state? Because I notice it says international so I'm wondering if the home state is not permitted for use.
Hey David, you mentioned fuel in states where there was no load, how do we circumvent that with drivers? Are the routes from point A to point B factored?
If you traveled miles in a state and did not buy fuel you may have to pay that state. Say you run Georgia to ohio and you always buy your fuel in Georgia, you will have to pay. Some states reimburse you for excess fuel for miles driven in a state some do not. Also if you go through Kentucky, your carrier must have a KYU number. They will shut you down
You mention persons who pays with cash or with a debit card. What happens in a situation when a person does not go back into the station and get the receipt with the break down of gallons paid for? Would the person try to calculate that number by rough estimate or would the person have to note this value in a different way for the IFTA filing? Thanks for the feedback.
Thank you, Miguel for all the information. How easy it is to find truck driving job if you have fresh CDL? Eventually I would start my owner operator soon IA. However I want gain some industry experience by getting driving job first
Thank you for the information! Do you add empty (deadhead) miles as well to your taxable IFTA miles ? I get my miles from ELD and it seems to be accurate but the miles from ELD are more than in my trip reports because of the empty miles. Thank you!
It’s the same number as taxable gallons paid ***this is not tax help though - for entertainment purposes 🤣 - your state’s department of revenue can confirm***
OMG OMG THANK YOU SO MUCH BECAUSE I HAVE BEEN GOOGLING HOW TO CALC THIS CRAP IN THE TEXAS IFTA FOR THE 3RD QUARTER. THANK GOD FOR YOU.
Me too lol
I know for sure every one who’s spent one dime on your education should be so proud now. I have to tell you broh, your videos are absolutely helpful, completely instructive,
whenever I watch them, I feel like I’m taking a class from one of my best teacher. Thank you for sharing your knowledge with us. Seriously we need more people like you in this field.
Again thank you man!
It's hard to believe that this channel doesn't have 1 million subscribers yet, awesome channel with great informative content, keep up the great work Dave
he's close.
YOU SAVED ME BRO. God freaking bless you, man.
Me too, I just subscribed to his channel and shared!!
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Thank you, David, for helping us understand a lot of trucking business-related questions.
First quarter for us since we are new in this industry. Just finished completing my return but decided to view this video before I submitted it. You hit the nail in the head with the prepaid receipt issue I am having with my driving. Luckily for the most part the rewards app contains the info needed.
Another piece of very good info Mr. McGill. My boss at my old job was very adamant about submitting the final receipt from prepaid fuel.
So for all those folks who don't quite understand, just be sure to get the final receipt when you prepay your fuel. Whoever does the taxes, will not appreciate having to do the extra work to find the total number of gallons that were purchased.
And if you prepay more than your tank(s) take, be sure to get that final receipt as well. That will completely end the transaction (sale) and the overage/change will be returned to the card.
Keep up the good info and stay safe everyone.
I thank God for you my brother, all questions answered in on video! May God continue to give you the wisdom to endure🙏🏾👊🏾😎
Thanks David! Don't stop the videos, we need help sifting through all the stuff online. You content is so easy to understand and much needed.
*TRUCKING FROM SCRATCH*
Check out my tools + resources designed to help your business succeed:
truckingfromscratch.teachable.com
Is this done per truck? Or for a company as a whole?
ELD is a good way to get mileage data, I use my online Trucking office software, it keeps all miles and routes just by entering the load information. Then I transfer that information over on to my IFTA plus account and all I do from there is print sign the form and mail. Take about 5 minutes to do. Also Kentucky, New York, New Mexico and Oregon are filed separately.
Where do you go to file IFTA for Kentucky and New York?
4 da culture. Keep doing what u do continue to spread love brother
It's for business. Is trucking a culture? It's for the culture 😆
Great video David! You are very resourceful. I learned a lot from this video. I am a tax professional and looking to help clients in the transportation industry. This was very informative
Are you ready to help?
Thank you so very much for the CLEAR, SIMPLE explanation.
It's that time again, Thank you David.
Yes it is. Comes around quick lol
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And this is why I am a subscriber....straight to the point and easy to understand thanks david
You good dude mane glad found ya channel✍🏾💪🏿
IFTA is one of the most stupidest tax EVER. I am very grateful of you explaining this.
Great explanation. It helped me to understand about IFTA quarter report. This is my first time. Thanks so much.
Me too
Again great information something every trucking business owner needs to know very concise and easy to understand thanks again
Thanks for your knowledge! Anytime I search ANYTHING about trucking you channel pops up.
Great video! Very clear and informative! Thank you!
Thank you for taking the time one on one
Thank my guy! FYI you handled your 8 wheels and tires getting heist much better than i would. Wow....
Don’t get me wrong, I was pissed, but there was nothing I could do about it. It was almost 2 years ago, so by the time I made the video, my blood wasn’t boiling anymore lol
@@TruckingFromScratch that driver would have had deductions...lol
Good day thank you soo sooo sooo much for this information which are the best fuel cards that you would recommend
You cleared up a lot of questions I had abt IFTA. Thank you!!
free game! This will help me when IFTA is due, but might need your service! only question is what eld do you recommend?
Im not him but my husband and I use keep truckin. It's pretty good and it helps out A LOT when it comes to ifta and other taxes
@@sweettee051988 really how do I look that info up on the apps
You broke it down real good thanks
I always wondered how this worked this info is very helpful. Thank you
Are you from Illinois I need help with this plz
2k gallons but well explained nevertheless
Yeah I saw that, but it was too late 🤦🏽♂️
I noticed that too. Lol
I was waiting for you to say, 'Oh crap, I messed up!
Well explained nonetheless!!
Lol it’s all good
U r a very knowledgeable brother. Tnx so mch 4 all ur info and hardworking into these videos.
thanks for your helpful advice I do my self get an yellow envelop big enough for monthly receipts writing on it the purchase for everything, drive safe
Can you do a video on how you know when to your ifta? When is it time? How you know when the end if the quarter is?
The 1st quarter is due in April(January-march). 2nd in July(April-june). 3rd in October(july-september) and 4th in January(october-december). Hope that helps. My husband and I have our authority and I handle all of that. New Mexico, new York, Kentucky and Oregon have their own individual taxes that you have to pay quarterly also. But you still include them with your ifta. You can only pay Oregon monthly for your 1st year and after you make a year, you pay quarterly. I made a short video on how I do mines on our trucking channel but it's not this detailed lol.
If you use an Eld like for instance keep truckin is what hubby and I use, it keeps up with all the miles in each state for you. Fuel, I enter fuel in manually every time we get fuel for each quarter into excel.
Hi, back in 2021 I watched your video for the audit, I did exactly as you explained it in your video and I passed smoothly! They even congratulated me having everything quick and in order just like it happened to you! Anyways, I ended up closing it because of economic reasons. Now, I recently opened an LLC in the state of IN, and I have to idea how to create an IRP account or file IFTA for this truck I purchased for the first time. Indianapolis agents told me to do it online and then make an appointment to go in person. But I live in Jeffersonville, 2hrs away. Do you have any video creating IRP and IFTA? Please advise, and thank you in advance 🙏🏼.
This is the best explanation thank you so much!!!
Very informative video.
Do you know anything about Oregon tax that truckers have to pay thanks
Thank you very much great information simple but to the point
Very insightful Bro.
Thanks for sharing.
✊🏽💪🏽🙏🏽
How is it that you add the gallons purchased ? PLZ THANK YOU !
I mean like do you add 50.106 etc
you are the GOAT!!
Hello ,
Thanks for the information
Could you advise where to file IFTA return online when we collect all miles and gallons.
This was the best video yet!!!! I will be subscribing and using some of your links. I am a tax preparer and I have a lot of clients that are truck drivers now. Could you do a video on how to read the Comdata card fee print out? Most of my truckers utilize this card. Thank you so much for your help!!!!
You were very helpful I appreciate you God bless you!
SO you have to pay taxes on fuel thats already taxed?
Out all the videos l watched, this is the best. Thanks
Thank you much, ur efforts are appreciated.
can you show in the spreadsheet on the GEORGIA IFTA website how to fill out. I also have a question my husband traveled from Ga to Texas and he pumped fuel in LA how do you put in the gallons in that state? . I'm new to all of this please show step by step. Thank you much
thanks for getting back to me i will do it that way
Thanks for the valuable content in this video
This is a great explanation of how to do ifta. One question that I still need to know. I recently started and need to file paper return. I do have miles driven in each state and gallons of fuel that I bought. Here is where I am confused, how do I find fuel burned in each state. Thank you so much once again
You don’t have to worry about fuel burned. IFTA only takes into account miles driven in each state and gallons purchased in each state. Hope this helps
@@TruckingFromScratch it really does help, how am I going to know how much I need to pay each state or if I am getting refund from state
Sorry being back and forth, so what two numbers do I need to add or multiply to find how much tax to pay or refund. I fueled some states and I didn't fuel some. Thank you again
Thank you!🖤
Thank you for this informative video! I have one question, is it possible to file for the Ifta for each truck separately?
OMG I NEED HELP!! I wish I can speak to you 😩
Thank you so much for your clear explanation and tips!!! 👏
To help with the algorithm l subscribed and liked your valuable content
I Mistakenly put my NJ miles under NY and click submit, I noticed the mistake after seeing the invoice. I went back to fix and it says that I can not generate another invoice, Can someone please explain how can I fix this problem? and re-do my 3 quarter IFTA report.
How about if you come back to your own yard to fuel up daily? We usually fill up mainly at the shop, and only have a few fuel receipts from another state. Thanks for this video!
The gallons from your yard are purchased from your home state so they’ll be recorded as such. Make sense?
@@TruckingFromScratch you can't use the miles from your home state? Because I notice it says international so I'm wondering if the home state is not permitted for use.
Thank you!
Hey David, you mentioned fuel in states where there was no load, how do we circumvent that with drivers? Are the routes from point A to point B factored?
I got a question bro , I have always wondered do you enter all the mileage driven in the state or just toll mileages ??
Thanks 🙏🏻
Very nice video, very informative and simple, thank you
thank you so much for this
Thanks a lot for this thorough information!!!!
Excellent info, typo in the calculations, it should be 2000 not 1000, but overall very helpful video. thanks
2k gallons but thank you for the other info
Hi what is the website to file the IFTA report?
Great content,Great presentation!
Thank you
How did you get the 1,000 gallon purchase? Is it 2000 gallon was there a dividing
What elog program/company do you use?
thank you so much bro , that was very helpful
Thanks David
If you traveled miles in a state and did not buy fuel you may have to pay that state. Say you run Georgia to ohio and you always buy your fuel in Georgia, you will have to pay. Some states reimburse you for excess fuel for miles driven in a state some do not. Also if you go through Kentucky, your carrier must have a KYU number. They will shut you down
Do you need this if you are just staying in California ?
Good video man
You mention persons who pays with cash or with a debit card. What happens in a situation when a person does not go back into the station and get the receipt with the break down of gallons paid for? Would the person try to calculate that number by rough estimate or would the person have to note this value in a different way for the IFTA filing? Thanks for the feedback.
Did you ever get this answered?
Very informative. Thank you!
Very helpful thank you so much!
thanks buddy
THANK YOU FOR YOUR HELP
Wow. Thanks bro
Thank you, Miguel for all the information. How easy it is to find truck driving job if you have fresh CDL? Eventually I would start my owner operator soon IA. However I want gain some industry experience by getting driving job first
This is a great video!
Thanks
I have a question about the total tax I have to pay quarterly or annually. How do I do that? Or should I just hire an accountant?
Thank you for the information! Do you add empty (deadhead) miles as well to your taxable IFTA miles ?
I get my miles from ELD and it seems to be accurate but the miles from ELD are more than in my trip reports because of the empty miles.
Thank you!
Yes, all miles
Hi I'm new here but could you explain what ELD is?
Thank you soo much!
Help please !!!
I live in NM and it’s asking for “taxable gallons consumed” do you know where can I find that ??? Please thank you ♥️
It’s the same number as taxable gallons paid ***this is not tax help though - for entertainment purposes 🤣 - your state’s department of revenue can confirm***
Hello, We added a truck in quarter 3. How do I file the IFTA for all the trucks? Is it one tax return or multiple?
It’s one return containing the information from the total operation
Thank you great information 🙌🏼
do you need to list the state you didn't buy fuel from?
If you’ve driven miles in that state, then yes (even if you didn’t buy fuel in that state)
Hi, when you have multiple drivers, do you add all the driver's mileage and fuel together. Then enter the amounts into IFTA.
Yes
@@TruckingFromScratch th
Thank you so much. I appreciate the videos and information that you share, I have learned so much.
Great guy.
How do you apply and how do you know what states have hut stickers how do you get them
When you counting fuel gallons that you purchased in each state, do you count DEF as well? Or you just count fuel gallons only?
Good question....DEF isn’t counted bc it’s not a fuel used to propel your truck
combine them together
Thanks 😊
Where do you enter this on the tax return?
Thank you so much, so I received a letter that I have to fill 720 form so it’s?