Get 4360, Ifta Bus Schedule - State Of Michigan - Michigan

Filling out the 4360, IFTA Bus Schedule is essential for Michigan carriers operating a fleet of motor coaches. This guide offers step-by-step instructions to help users accurately complete the form online.

Follow the steps to successfully complete the 4360, IFTA Bus Schedule online.

1. Click 'Get Form' button to obtain the form and open it in the editor.
2. Provide your identifying information in Section 1, including your name, IFTA account number, address, city, state, and ZIP code. Ensure accuracy to avoid delays.
3. Enter the tax period that corresponds with your IFTA return period.
4. In line 1, report the total number of tax paid gallons of diesel fuel purchased at Michigan retail stations or withdrawn from Michigan bulk storage for the quarter.
5. In line 2, input the number of Michigan taxable gallons from your IFTA schedule.
6. In line 3, enter the lesser of line 1 or line 2.
7. Multiply the amount from line 3 by 0.15 and enter the result in line 4.
8. For line 5, report the net Michigan tax due from your IFTA schedule. If the amount is negative, represent it in brackets.
9. In line 6, add the amounts from lines 4 and 5 and enter the total.
10. If the total from line 6 is negative, enter that amount on line 7, which is your tax due.
11. For line 8, calculate any penalties by multiplying the amount on line 7 by 5% for each month the return is late, with a maximum of 25%.
12. Determine the interest on line 9 by multiplying the amount on line 7 by the applicable interest rate.
13. Add the amounts from lines 7, 8, and 9 to find the total amount due on line 10.
14. If the amount on line 6 is positive, enter it on line 11 as your refund and complete line 12 to calculate gallons eligible for credit.
15. Remember to attach a copy of your IFTA schedule and send the completed form to the designated address for tax due or refund.

Complete your documents online to ensure timely filing and compliance.