Introduction: Additional state permits may be granted to carriers operating in Kentucky, New Mexico, New York, and Oregon. For each jurisdiction, the specifications and charges vary. If the filing is not filed in a reasonable time, costs and fines will be postponed; then returns must be submitted even without a mileage.

 

License for Kentucky Use Tax (KYU Number): Permanent KYU accounts shall not be renewed, and the state shall be closed. Carriers with a KYU active number must file a quarterly KYU return, even when no miles have journeyed. If KYU returns are not fileted on time, fines of up to $500 may be levied, and a bond will be required to reinstate the account.

 

Temporary KYU – $85: Used for separate journeys, collected instead of the endless number of the KYU. A temporary KYU needs no quarterly submission. This license is only for periodic trips to Kentucky; you must build a permanent Kentucky Highway Usage License account while working daily in Kentucky.

 

KYU Surety Bond – $250: A Kentucky Highway Bond must occur if a KYU license, including the inability to file a KYU fee, is canceled for some cause. The bonds could only be purchased with certified assets. The bond shall usually stay in the file for one year, and all KYU reports must be sent on time per fifth.

 

Weight Tax in New Mexico: Both commercial engines were carrying greater than 26,000 pounds in total weight. Until flying to or via New Mexico, must be recorded with the Department. Admission may be charged at the port until you have signed for a provisional WD license; however, payment at the port is not affordable unless you only fly to New Mexico once or twice a year. If NM weight distance returns are not filed in time, so fines will be levied. 

 

Although the wine industry is pending a ruling of the Supreme court (planned for this June) concerning an alcohol manufacturer residence regulation in Tennessee, claimed by some to be accessible to intergovernmental wine shipment, three changes have recently taken place on the topic of wine shipping.

 

New Mexico is one of the few states which permit wine shipment to residents of retail outsiders and outsiders. The National Association of Wine Retailers (NAWR) reports, however, that entry to customers will be cut off from a vast number of imported, hard to locate collectible wines, Israeli-made Kosher wines, or wines manufactured from wine clubs which could all be inaccessible in retail stores in New Mexico. The bill seeks to secure the deep pockets worth wholesalers of billions of dollars that seek competition security. 

 

Conclusion: New Mexico Quarterly returns must be sent immediately as the deductions are not triggered or renewed. The renewal date for NM Weight Gap is 31 December. Outsourcing by retailers that bypass current DTC prohibitions would not have a pool of tax revenue. NAWR considers that, as is the case for non-state wineries, sellers outside the country should be obligated to receive licenses, pay state taxes and submit information on the quantity of the wine delivered to New Mexico customers.


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Know the Difference Between an MC Number and a DOT Number

Dot Number and Motor Carrier (MC) Number are prerequisites to start your own trucking company. However, most people find these two regulations too complex to understand. They are unable to figure out if their company needs one, both, or none as getting something that we don’t need can waste our money. If you’re also trying to determine what you really need, you need to follow these general rules:

· For interstate commerce, you need both the DOT Number and the MC Number.

· For intrastate commerce, you need only DOT Number.

· To haul your own property or construction equipment, you need only DOT Number.

· To haul someone else’s property while working for-hire, you need DOT as well as MC Number.

What is a DOT Number?

A DOT Number serves as a driver’s license for your trucking company. It is often used to verify that you’re commercially using a vehicle to haul your own products or move equipment with a qualified CMV.

What is an MC Number?

MC Number or operating authority is required if you are planning to work for-hire in interstate commerce or haul hazardous products.

The MC Number is more expensive as compared to the DOT Number.

There are various types of trucking authority, including:

· Motor Carrier of Household Goods

· Motor Carrier of Property

· Broker of Household Goods

· Broker of Property

Since FMSCA doesn’t offer refunds in case you apply for the wrong authority type, it may cost you a lot. So, you must consult with experts to figure out the kind of authority you require.

Final Words

Not knowing the differences between DOT Number and MC Number can trouble your trucking company. A plethora of rules and exceptions make it hard for owners to determine whether to get a DOT Number, an MC Number, or both.

If you want to get rid of your doubts and get these numbers, approach the experts of Global Multi Services. We can help you get what your business needs and save your money significantly.


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What is the International Fuel Tax Agreement (IFTA)?

IFTA is a pact among 48 US states and some Canadian provinces that demand interstate motor carriers to report fuel taxes. For example, you may purchase fuel in Omaha, but haul in bulk in Atlanta, and both of these states have different fuel taxes. To balance these costs, IFTA considers what you actually paid for in taxes compared to the state where you haul in bulk. Precisely, where you buy your fuel doesn’t mean that you pay taxes for that. These taxes are distributed evenly to each state where needed.

How Does IFTA Work?

IFTA requires you to quarterly file reports to demonstrate the taxes you paid and the taxes you should have paid. In reports, you need to show the number of miles driven and the quantity of fuel purchased in each state. Since each state collects different taxes, the cost of your taxes is determined by the miles you cover in each state instead of just paying the tax from where you purchase the fuel.

You can easily get these numbers as your electronic logging devices tracks all the information required in an IFTA report. Besides, your fuel card includes where and when you purchased your fuel. Thus, you can accurately do the paperwork, which varies from state to state.

Once you submit the report, you may have to pay more taxes or get a tax return.

Get Your IFTA Reports Done and Save Money

At Global Multi Services, we intelligently take care of everything you need to keep your company compliant right from getting the operating authority to obtaining permits. If you want to file your IFTA tax returns accurately and save yourself from hefty fines, approach our experts without any second thought. We will leave no stone unturned to provide you the best services and save your time as well as money.