How fuel tax works/where to buy fuel

Reply Subscribe

Page 2 of 2

Thread Tools

#11

07-29-2007, 03:49 AM

GMAN

Administrator

Site Admin

Board Icon

Join Date: Feb 2005

Location: Tennessee

Posts: 17,097

Carrier's are required to account for all miles run in each state. You may try to estimate, but if and when you are audited, it could come back to bite you.

#12

07-29-2007, 05:09 AM

merrick4

Senior Board Member

Join Date: Nov 2006

Posts: 1,095

Quote:

Originally Posted by GMAN

Carrier's are required to account for all miles run in each state. You may try to estimate, but if and when you are audited, it could come back to bite you.

GMAN I've been wondering something. Who does the auditing of these things. Is this separate than the DOT? I mean is this done by the State taxing officials?

#13

07-29-2007, 02:05 PM

GMAN

Administrator

Site Admin

Board Icon

Join Date: Feb 2005

Location: Tennessee

Posts: 17,097

Merrick, it is the state who usually comes in and does the auditing of a carrier.

#14

08-04-2007, 04:42 AM

hpete

Rookie

Join Date: Jul 2007

Posts: 1

If you go to the IFTA website they have the tax rates listed for each state. Subtract the tax from the pump price and you have the actual fuel price.

#15

08-04-2007, 02:09 PM

solo379

Senior Board Member

Join Date: Feb 2004

Posts: 3,831

Quote:

Originally Posted by mike3fan

Or lease onto a company that pays for the fuel tax and then buy the cheapest pump price you can find.......

And that's exactly what i do!
When i was paying my own fuel taxes, it's normally was +-$50 quarterly.
Now, company pays around $600! :wink: 8)

__________________
Pessimist,- is just well informed optimist!

#16

08-04-2007, 03:55 PM

GMAN

Administrator

Site Admin

Board Icon

Join Date: Feb 2005

Location: Tennessee

Posts: 17,097

I constantly monitor fuel prices. To cite one example, I just returned from a run to south Alabama. Fuel at the Pilot just north of Mobile was $2.85 for cash. Flying J south of Montgomery was $2.75. That is a huge difference in money. You can find that across the country. Prices with the chains can vary widely from one location to another, even in the same state.