Overview #

Missing records can create significant challenges during an audit.

Potential Consequences #

• Disallowed fuel credits
• Estimated mileage assessments
• Additional taxes owed
• Penalties and interest
• Increased audit scrutiny

Why Documentation Matters #

Auditors generally require documentation to support all reported figures.

Best Practice #

Maintain digital backups of all critical records and review documentation regularly.

Advanced IFTA Advantage #

Advanced IFTA centralizes mileage records, fuel documentation, adjustments, and exception reports to help minimize the risk of missing information.