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Topic: Can you hear me now? (Read 191 times) |
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Donna_D.
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Can you hear me now?
« on: Jun 7th, 2006, 2:03pm » |
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IRS to Refund $15 Billion of Telephone Taxes to Consumers
The Treasury Department and IRS announced 05/25/2006 that after losing in five circuit courts of appeals, the Government is throwing in the towel and will no longer seek to enforce the 3% excise tax on long-distance telephone calls enacted during the Spanish-American War of 1898 as a "luxury" tax on wealthy Americans who owned telephones. The IRS will will issue $15 billion in refunds to consumers for long-distance telephone service taxes paid over the past three years:
No immediate action is required by taxpayers.
Refunds will be a part of 2006 tax returns filed in 2007.
Refund claims will cover all excise tax paid on long-distance service over the last three years (time allowed given statute of limitations).
Interest will be paid on refunds.
The IRS is working on a simplified method for individuals to use to claim a refund on their 2006 tax returns.
Refunds will not include tax paid on local telephone service, which was not involved in the litigation.
http://www.ustreas.gov/press/releases/js4287.htm
Just FYI 
DD
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| « Last Edit: Jun 7th, 2006, 2:03pm by Donna_D. » |
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Melissa
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YAY!!! That's wut, $10 each? LOLOLOL
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Richr8
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It's all about today...
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Re: Can you hear me now?
« Reply #2 on: Jun 7th, 2006, 10:26pm » |
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on Jun 7th, 2006, 5:21pm, Melissa wrote:| YAY!!! That's wut, $10 each? LOLOLOL |
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$55.! Not so funny now, huh? 
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pf wishes,
Rich
...because yesterday is history and you never know what tomorrow will bring.
"Med free"- A few seeds and lots of O2-LG but not great.
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Melissa
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on Jun 7th, 2006, 10:26pm, Richr8 wrote:
$55.! Not so funny now, huh?
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Hey, that's a refill on my helium tank! Woot!
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