Service Bulletin:
Using FM2 To Print Completed IFTA Return Form

1. FUEL DATA ENTRY PROCEDURE USING FM2 DEFAULT ROUNDING
IFTA requires that all fuel amounts be rounded to the nearest whole number.  Do not enter amounts such as 177.23 (gal) Instead enter 177.00.  If you do wish to enter fuel data into the hundreths place the state has full right to reject the form [IFSUMM01] if they so desire.

2. USING FUEL DATA ENTERED INTO THE HUNDRETHS PLACE
In order for FM2 to properly calculate into the .nn place it is strongly recommended that you modify the 'round fuel to n decimals' option from zero to 2.  (see image below)  Failure to do so will produce at least 'unique' results.  Once set, you may continue to enter fuel as "XXXX.nn"; however, remember that you still must provide a whole number to IFTA on your hand-written form using FM2's result.

3. TAXABLE/NON-TAXABLE MILES TOGGLE
When entering miles you can toggle the Tax/Exempt flag by pressing the F10 function key.  All transactions will be entered as toggled until released. The default is TAXABLE.

4. MN FORMATTED GENERIC IFTA RETURN FORM
FM2's IFTA return form [IFSUMM01] is essentially the same report at the Standard Fleet Summary [FMSUMM04] with the exception that it is TAXABLE/NON-TAXABLE MILES sensitive.  In other words, the (FMSUMMxx) summary reports do not discrimate between taxable and non-taxable miles.  If a large difference is noted between the results that [FMSUMM04] has produced and what the IFTA return form yields, check your transactions to make certain they are flagged appropriately.

5. ADDING LATE FEES & PENALTIES TO YOUR IFTA RETURN [IFSUMM01]
If there are late fees/penalties you need to add to your return follow this procedure:

• Run a copy of IFSUMM01 to obtain your final amount due.
• Goto the Customers database and update the customer requiring this change.
• Press the F11 key and in the Penalty Box place the greater amount of $50 or 10% of return.
• In the Previous Balance box you may place the Interest amount which is calculated as 1% from each state where a balance is due.
• Re-run IFSUMM01, view to ensure accuracy and print when acceptable.

6. TIP!!!  -- DATA VALIDATION
Remember, that FM2 will not calculate a tax line if there are no miles entered for a state cwhere fuel is shown as being purchased!  Any zero miles state with > 0 fuel purchase will always equal ZERO.

7. Vehicle Type (Weight) Assignment
Unless you have already been reporting your vehicles using a specialized weight, (ie 56k) always assign your vehicles to the USE MILE TAX DEFAULT vehicle type.  Not doing so will place your standard tractor into the wrong road use category.  For more information on this topic see the Vehicle Types page.