What are the record keeping requirements for IFTA?
International Fuel Tax Agreement (IFTA) Every carrier with an IFTA license is required to maintain records that substantiate what is reported on their IFTA Quarterly or Annual Tax Return. Carriers must keep operational records for a period of four years from the due date of each return or the filing date, whichever is later. The required records include Distance Records, Fuel Records, and Bulk Fuel Records (if applicable), and must be recapped in monthly summaries. The following must be presented to Oregon Department of Transportation auditors upon request: DISTANCE RECORDS • Date of trip (starting and ending) • Trip origin and destination • Route of travel • Beginning and ending odometer or hubodometer reading of the trip • Total trip miles • Intermediate trip stops • Miles by jurisdiction • Unit number or vehicle identification number • Vehicle fleet number • Registrant’s name FUEL RECORDS • Purchaser’s name • Seller’s name and address • Date of purchase • Fuel type • Price per gallo
Related Questions
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