http://www.snopes.com/business/taxes/excise.asp
Phone Tax Credit Available for 2006
The Telephone Excise Tax Refund is a one-time tax credit that you can claim on your 2006 tax return. It represents a refund of excise taxes paid on long-distance telephone service. The IRS expects to refund about $10 billion in telephone excise taxes. You can choose between the standard amounts set by the IRS or the actual amount of excise taxes you paid.
Claiming the standard amount is the easiest method, but your actual amount may be higher. You should claim whichever method will result in the largest refund of your telephone excise tax.
Eligibility:
If you paid long-distance excise taxes for service between February 28, 2003, and August 1, 2006, then you are eligible for the excise tax refund. How to Claim the Refund
Claim the refund directly on your tax return. <script>zSB(3,3)</script>Sponsored Links
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Telecom Tax Refund$10B+ to be refunded to Businesses Contact us....We're Here to Helpwww.tellennium.com
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You can claim a standard refund of the telephone excise tax. The standard amounts are based on the number of personal exemptions you claim on your tax return.
Phone Tax Credit Available for 2006
The Telephone Excise Tax Refund is a one-time tax credit that you can claim on your 2006 tax return. It represents a refund of excise taxes paid on long-distance telephone service. The IRS expects to refund about $10 billion in telephone excise taxes. You can choose between the standard amounts set by the IRS or the actual amount of excise taxes you paid.
Claiming the standard amount is the easiest method, but your actual amount may be higher. You should claim whichever method will result in the largest refund of your telephone excise tax.
Eligibility:
If you paid long-distance excise taxes for service between February 28, 2003, and August 1, 2006, then you are eligible for the excise tax refund. How to Claim the Refund
Claim the refund directly on your tax return. <script>zSB(3,3)</script>Sponsored Links
Telephone Tax Refund HelpGet the maximum FET refund for your business!www.telecomtaxes.com
Telecom Tax Refund$10B+ to be refunded to Businesses Contact us....We're Here to Helpwww.tellennium.com
Federal Excise Tax RefundGet the Maximum Telecom FET Refund! Most Cost-Effective Process for Youwww.FETSolutions.com
- Form 1040EZ, Line 9.
- Form 1040A, Line 42.
- Form 1040, Line 71.
- Form 1040NR, Line 69.
- Form 1040EZ-T for individuals who do not need to file a tax return.
You can claim a standard refund of the telephone excise tax. The standard amounts are based on the number of personal exemptions you claim on your tax return.
- 1 exemption: $30
- 2 exemptions: $40
- 3 exemptions: $50
- 4 exemptions or more: $60
