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An operating carrier with IFTA receives an IFTA license and two decals for each qualifying vehicle it operates. The carrier files a quarterly fuel tax report. This report is used to determine the net tax or refund due and to redistribute taxes from collecting states to states that it is due.
Filing quarterly taxes requires that you use Form 1040-ES, Estimated Tax for Individuals. Your annual tax return from the previous year is necessary to complete this form. Once filled out, the ...
The annual deadline to file one's Federal individual income tax return is April 15. The IRS lists scenarios for which Tax Day does not follow this standard deadline - Taxpayers can file an extension where the taxes owed must be paid by April 15 but the completed tax return filed by October 15.
The first US state to tax fuel was Oregon, introduced on February 25, 1919. [4] It was a 1¢/gal tax. [5] In the following decade, all of the US states (48 at the time), along with the District of Columbia, introduced a gasoline tax.
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Continue reading → The post How to Pay Quarterly Taxes: 2022 Tax Guide appeared first on SmartAsset Blog. From flexible work hours to not reporting to a boss, being self-employed comes with a ...