Get Fuel Inventory Report Ivt-1

The Fuel Inventory Report IVT-1 is essential for reporting fuel gallons held in storage as of June 30, 2023. This guide will walk you through the online process of completing this form efficiently and accurately.

Follow the steps to fill out the Fuel Inventory Report IVT-1 online.

1. Click ‘Get Form’ button to access the Fuel Inventory Report IVT-1 and open it in your online editor.
2. In Section A, enter your taxpayer information, including your legal business name and contact details such as telephone and email address. Make sure to include any applicable DBA name.
3. For tax computation in Section B, begin by entering the total number of gallons in inventory for gasoline and special fuel as of June 30, 2023. Remember to exclude any special fuel that cannot be pumped out.
4. Indicate the amount of the tax rate increase in the designated line. Multiply the total gallons from Step 3 by the tax rate increase to calculate the inventory tax due.
5. Add the amounts calculated in Step 4 for both fuel types to find the total tax due. If applicable, calculate any penalties for late filing or interest, and add those to the total.
6. In the final section, certify that the information provided is true and complete. Fill in your printed name, signature, and the date.
7. Once all fields are completed, review the form for accuracy, and you may proceed to save your changes, download a copy, print, or share the completed form as needed.

Complete your Fuel Inventory Report IVT-1 online today to ensure compliance.