IFTA IQ Test – ANSWERS

IFTA IQ Test – ANSWERS

True or False

#1

Jurisdictions are required to finalize their tax rates and determine tax exemptions.

True: Procedures Manual, P1120.100 and P1130

#2

An annual IFTA tax return is for one calendar year.

True: Articles of Agreement, R930.200

#3

A recreational vehicle is not a qualified motor vehicle but a bus transporting children to a church recreation camp is a qualified motor vehicle.

TRUE: R248

#4

Temporary IFTA permits can be issued for 60 days

False: Articles of Agreement, R263 and R650

#5

When a carrier fails to pay your jurisdiction, you can require them to post a bond.

True: Articles of Agreement, R340 and Procedures Manual, P400

#6

To stream line the renewal process your jurisdiction can automatically renew active licenses.

True: Articles of Agreement, R345.200

#7

Jurisdictions are required to send an initial billing and a second billing for IFTA tax returns that do not have complete payments.

False.

#8

Jurisdictions cannot write off credit or debit amounts.

False: Articles of Agreement, R1120

#9

Jurisdictions must have an appeal procedure in place for licensees whose license has been revoked

True: Articles of Agreement, R370, R1400

#10

Trip permits are not allowed in lieu of IFTA licensing.

False: Articles of Agreement, R310

#11

Jurisdictions must charge a fee for decals and licenses

False: Articles of Agreement, R355 and Procedures Manual, P145 and P320.300

#12

Licensees must provide a lease when they renew.

False: Articles of Agreement, R540, P520

#13

Jurisdictions cannot have their state logo on the IFTA decal

False: Procedures Manual, P320.100

#14

If you can verify that a company has a valid IFTA license then they do not need to have a copy in the vehicle they are operating.

False: Articles of Agreement, R620

#15

Licensees can transfer decals between vehicles

False: Articles of Agreement, R640

#16

Licensees must renew their IFTA license and decals by December 31st of each year because there is no grace period.

True: Articles of Agreement, R610 (Grace period is for display see R655)

#17

Licensees are exempt from reporting fuel information for cement trucks because they manufacture a product while on the road.

True/False: R830.100

#18

Licensees can request a refund when credit exists from their IFTA tax return. However, jurisdictions can issue the refund whenever they want.

Part 1: True: Articles of Agreement, R1110. Part 2: False: Articles of Agreement R1150

#19

IFTA tax returns are considered “Timely” when the return is received along with the complete payment by the return due date.

True: Articles of Agreement, R920, R960 and R970

#20

Annual IFTA tax reporting is allowed when a licensee operation has less than 5,000 miles or 8,000 kilometers in all jurisdictions.

False: R930.200 “in all member jurisdictions other than the base jurisdiction.

#21

Each tax return must contain a complete tax rate matrix as part of the form.

False: Articles of Agreement, R940.100, Procedures Manual, P730 and P720.500 and P720.500.010

#22

The letters “IFTA” on the IFTA decal must be a minimum of ½”.

False: Procedures Manual, P320.100

#23

The jurisdiction must notify all member jurisdictions within 15 days of all revocations/suspensions or reinstatements.

False: Articles of Agreement, R420

#24

The jurisdiction must allow a licensee to submit a computer-generated tax return in lieu of the standard tax return.

False: R940.300

#25

Payments of billing transmittals received from other jurisdictions are made by the last day of the month following the month in which the billing transmittal was received.

True: P1040