Iowa IFTA Information
The midwestern state of Iowa or also known as the “The Hawkeye State” is home to 3 million people. In order to obtain an IFTA license in Iowa you must submit an application to the Office of Motor Carrier Services. Currently there is a $10 charge for the license and an additional $0.50 per set of decals. Each qualified vehicle must have one set of IFTA decal stickers.
State Requirements Iowa IFTA Licensing
Welcome to the trucking industry! You’re probably excited and ready to hit the road. But, you still have some questions about Iowa IFTA rules and regulations. So, let’s take a look at some of the main points of the International Fuel Tax Agreement and give you a better idea of what is required.
If your business is based in Iowa and you will travel interstate in two or more member jurisdictions, an Iowa IFTA license application must be filed. First, you’ll need to know if your vehicle qualifies. The list of qualifications can be found here.
The purpose of the IFTA is to simplify the process of reporting, collecting, and disbursement of fuel use taxes among the member jurisdictions. Drivers are required to maintain detailed records of all fuel purchased and used in each quarter of the year. The Iowa IFTA fuel tax forms are filed with your base jurisdiction on or before the due dates below:
IFTA Quarterly Fuel Tax Schedule: |
|
|---|---|
| Q1 January – March | April 30 |
| Q2 April – June | July 31 |
| Q3 July – September | October 31 |
| Q4 October – December | January 31 |
Failure to file before the deadline can incur a fine of 10% of the taxes owed, or $50, whichever is greater. It’s also important to remember that the IFTA will not renew your license if all fuel use taxes are not paid up-to-date. If you are concerned that you might miss an IFTA deadline and suffer the consequences, a trucking management software can be helpful. We’ll tell you more about that below.
Renewing Your Iowa IFTA License
IFTA licenses must be renewed each year before December 31st. New IFTA decals must be displayed on each side of the cab before the end of the IFTA sticker grace period, which is the end of February. You are also required to keep a copy of the current IFTA permit inside each vehicle. Operating without valid IFTA stickers and IFTA permits aboard can incur fines or citations that could force you to park your vehicle(s) until the matter is resolved.
An IFTA license can be revoked for several different reasons. For instance:
- Failure to file IFTA quarterly tax returns on time.
- Failure to pay taxes due all jurisdictions.
- Failure to protest or pay an audit assessment.
- Revocation of an IRP license.
More detailed information about Iowa IFTA license renewals can be found here.
Now let’s take a look at how you can benefit from using a trucking management software to keep you organized and compliant.
Why You Need Trucking Management Software
You need trucking management software because you want to drive, not spend valuable hours doing mountains of paperwork. With TruckingOffice, you can expect support and guidance from experts who know how to get you organized and make sure you never miss an IFTA deadline. We manage and track fuel use, mileage, invoices, expenses, vehicle maintenance, and much more. Your miles are calculated automatically using PC*Miler. TruckingOffice makes filing your quarterly IFTA easy by keeping all of your information in one place.
If you want freedom from the tedious recordkeeping, TruckingOffice is your solution. Our team will manage all aspects of your business so you can get back on the road. Give us a call now to find out how we can help you have more time to drive and save money! Start filing your IFTA the easy way today!