Form HSMV 85800. How to Calculate the International Fuel Tax Agreement Quarterly Tax Return - Florida

Form HSMV 85800 is a guide provided by the Florida Department of Highway Safety and Motor Vehicles (DHSMV) that explains how to calculate the International Fuel Tax Agreement (IFTA) quarterly tax return. This guide provides motor carriers registered under the IFTA with instructions and examples on calculating and reporting their fuel tax liability.

The guide consists of sections and important information, including:

• Tax Calculation Methodology: This section explains the formula and methodology used for calculating the IFTA tax liability based on the carrier's fuel consumption and distance traveled in participating jurisdictions.
• Required Information: The guide outlines the specific data and information that carriers need to gather and track, such as fuel purchases, fuel usage, miles traveled, and jurisdictional information.
• Step-by-Step Instructions: The guide provides step-by-step instructions on how to calculate the IFTA tax liability using the gathered information and the prescribed tax calculation method.
• Examples and Calculations: It includes examples and sample calculations to illustrate the application of the tax calculation methodology.

Motor carriers can use this guide to understand the process of calculating the IFTA quarterly tax return accurately. It helps them ensure compliance with IFTA regulations and assists in properly reporting and remitting their fuel taxes to the appropriate jurisdictions.

An analogous publication related to this is the IFTA Trucking Manual (Form HSMV 85920), which provides comprehensive guidance on various aspects of operating under the IFTA system, including recordkeeping, licensing procedures, fuel tax reporting, and enforcement. While Form HSMV 85800 focuses specifically on the calculation of the IFTA tax liability, Form HSMV 85920 provides broader information about the IFTA program and its requirements.