|
|
|
1. What is the difference between interstate commerce and intrastate commerce? Interstate commerce is trade, traffic, or transportation involving the crossing of a State boundary. Either the vehicle, its passengers, or cargo must cross a State boundary, or there must be the intent to cross a State boundary to be considered an interstate carrier. Intrastate commerce is trade, traffic, or transportation within a single State. If your operations include interstate commerce, you must comply with the applicable Federal safety regulations and operating authority rules, in addition to State and local requirements. You must notify the State in which you plan to register your vehicle(s) of your intentions to operate in interstate commerce to ensure that the vehicle is properly registered for purposes of the International Registration Plan (IRP), and International Fuel Tax Agreement (IFTA). The base State will help you by collecting the appropriate fees and distributing a portion of those fees to the other States in which you operate commercial motor vehicles. If you operate exclusively in intrastate commerce , you must comply with applicable State and local regulations. The only Federal regulations that are applicable to intrastate operations are: the commercial driver's license (CDL), for drivers operating commercial motor vehicles as defined in 49 CFR 383.5; controlled substances and alcohol testing for all persons required to possess a CDL; and minimum levels of financial responsibility for the intrastate transportation of certain quantities of hazardous materials and substances. |
|
Read more...
|
|
|
|
|
|
Written by Administrator
|
Transportation Regulatory Consultants, Inc. is devoted to the continual refining of its fuel and road tax reporting services, resulting in the fastest, most accurate and reliable available. As an example, our fuel and road tax service regularly audits driver data to minimize erroneous reports and discrepancies, thereby reducing your exposure to liability at tax audit. Initially, TRC provides training, leading to more accurate trip reports. This training improves the quality of the data provided by your drivers, further limiting your liability at audit time. Once we agree underlying data is accurate, our ongoing fuel and road tax reporting program provides:
- Processing of Driver Trip Reports to compile tax information required by all states and Canadian provinces.
- Completed tax forms (including bulk fuel) which are submitted to you for filing with the various regulatory bodies.
Participation in TRC's Segregated Funds Program. If you choose to deposit funds into this Program, we add a novel step: TRC files your tax returns for you directly with the appropriate agencies, paying taxes as required. For Illinois-based carriers,TRC secures a valid receipt as proof of timely filing in Illinois. This step can save you hundreds of dollars in possible penalties.
Automatic processing of tax credit and refund applications with applicable states. Automatic generation of renewal applications for fuel and road tax permits, prior to deadlines.
Monthly or quarterly reports are available to analyze your fleet’s efficiency. A companion report, accurately reflecting tax liability by individual driver, is also available.
In addition to the ongoing processing and reporting of tax information, Transportation Regulatory Consultants, Inc. provides support services during tax audits. Professional management of the audit process ensures appropriate audit procedures, controlled access to information, and a review of each audit result. The option to formally contest an audit result is a standard part of TRC's procedure.
|
|
|
| Time now | 9. March 2010, 22:53 | | Count to | 30. June 2008, 00:01 | | Time left | 0 days
0 hours
0 minutes |
|
|
|
|
