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        New Message Board Archives >> 2006 General Board Posts >> Can you hear me now?
        
(Message started by: Donna_D. on Jun 7^th, 2006, 2:03pm)

Title: Can you hear me now?
Post by Donna_D. on Jun 7^th, 2006, 2:03pm

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

Title: Re: Can you hear me now?
Post by Melissa on Jun 7^th, 2006, 5:21pm

YAY!!! That's wut, $10 each? LOLOLOL

Title: Re: Can you hear me now?
Post by Richr8 on Jun 7^th, 2006, 10:26pm

on 06/07/06 at 17:21:22, Melissa wrote:

YAY!!! That's wut, $10 each? LOLOLOL

$55.! Not so funny now, huh? ;;D

Title: Re: Can you hear me now?
Post by Melissa on Jun 8^th, 2006, 8:54am

on 06/07/06 at 22:26:36, Richr8 wrote:

$55.! Not so funny now, huh? ;;D

Hey, that's a refill on my helium tank! Woot! ;;D