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IFTA Fuel Tax Returns /

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What Do You Need – Interstate or Intrastate Operating Authority?

October 2, 2020 by admin02290 Filing48 States Truck PermitsDot NumberIFTA Fuel Tax ReturnsIRP PlateIRP RenewalKentucky PermitLLC FilingMC AuthorityOregon PermitUCR Permits

Interstate or Intrastate Operating Authority

Are you planning to embark on a new trucking company? Have you decided what and where you want to haul? If so, that’s great. Now you need to get appropriate licensing and registration before start hauling your first load. However, most trucking business owners often get confused between trucking regulations i.e., Interstate Operating Authority and Intrastate Operating Authority. In this blog, we are going to steer clear of your doubts.

Interstate Operating Authority

Interstate operating authority is required by those companies that haul loads across state or national borders or haul someone else’s property for a profit. However, if your company runs under these two criteria, you still may or may not need to get interstate operating authority due to some exceptions. For instance, if you haul your own property across state borders, then you probably don’t require interstate operating authority.

Intrastate Operating Authority

On the other hand, companies that prefer to haul only in one state are more likely to require intrastate operating authority. Such companies still need proper registration, such as a DOT Number, which you can get with the help of Global Multi Services.

Though some companies make a profit while running intrastate, you could be missing out on lucrative opportunities with huge loads that go through multiple states.

Difference Between Operating Authority and DOT Number

A DOT Number is like your driver’s license number while operating authority or MC Number is an extra registration step to run your business in more than one state. We have thoroughly covered the difference between a DOT Number and an MC Number in this blog post.

How You Can Get Started

Getting an operating authority requires a lot of paperwork, which further needs time and attention to detail. The experts at Global Multi Services can help you register for the operating authority that suits the best to your trucking business. If you want to get in-depth information about how we can add value, feel free to approach us at +1 (209) 982-9996.

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What is the International Fuel Tax Agreement (IFTA)?

October 2, 2020 by admin0IFTA DecalIFTA Fuel Tax ReturnsIFTA PermitIFTA ProgramTemporary IFTA Permit

IFTA is a pact among 48 US states and some Canadian provinces that demand interstate motor carriers to report fuel taxes. For example, you may purchase fuel in Omaha, but haul in bulk in Atlanta, and both of these states have different fuel taxes. To balance these costs, IFTA considers what you actually paid for in taxes compared to the state where you haul in bulk. Precisely, where you buy your fuel doesn’t mean that you pay taxes for that. These taxes are distributed evenly to each state where needed.

How Does International Fuel Tax Agreement Work?

IFTA requires you to quarterly file reports to demonstrate the taxes you paid and the taxes you should have paid. In reports, you need to show the number of miles driven and the quantity of fuel purchased in each state. Since each state collects different taxes, the cost of your taxes is determined by the miles you cover in each state instead of just paying the tax from where you purchase the fuel.

You can easily get these numbers as your electronic logging devices tracks all the information required in an IFTA report. Besides, your fuel card includes where and when you purchased your fuel. Thus, you can accurately do the paperwork, which varies from state to state.

Once you submit the report, you may have to pay more taxes or get a tax return.

Get Your IFTA Reports Done and Save Money

At Global Multi Services, we intelligently take care of everything you need to keep your company compliant right from getting the operating authority to obtaining permits. If you want to file your IFTA tax returns accurately and save yourself from hefty fines, approach our experts without any second thought. We will leave no stone unturned to provide you the best services and save your time as well as money.

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