Instructions for Form IFT506, RV-R00108 International Fuel Tax Agreement Tax Return - Tennessee

Form IFT506 (RV-R00108) International Fuel Tax Agreement Tax Return - Tennessee

This document contains official instructions for Form IFT506 , and Form RV-R00108 . Both forms are released and collected by the Tennessee Department of Revenue. An up-to-date fillable Form IFT506 (RV-R00108) is available for download through this link.

FAQ

Q: What is Form IFT506?
A: Form IFT506 is the International Fuel Tax Agreement (IFTA) Tax Return form for Tennessee.

Q: Who needs to file Form IFT506?
A: Motor carriers who operate qualified motor vehicles in Tennessee and other IFTA member jurisdictions need to file Form IFT506.

Q: What is the purpose of Form IFT506?
A: The purpose of Form IFT506 is to report and calculate the taxes owed for the operation of qualified motor vehicles in Tennessee and other IFTA member jurisdictions.

Q: When is Form IFT506 due?
A: Form IFT506 is due by the last day of the month following the end of the quarter for which the tax is due.

Q: Are there any penalties for not filing Form IFT506 or filing it late?
A: Yes, failure to file Form IFT506 or filing it late may result in penalties and interest being assessed on the unpaid tax.

Q: What other documentation do I need to include with Form IFT506?
A: You need to include copies of your fuel receipts and mileage records for each qualified motor vehicle.

Q: What is a qualified motor vehicle?
A: A qualified motor vehicle is a motor vehicle used, designed, or maintained for the transportation of persons or property and that meets certain criteria specified by the IFTA.