In general, anyone who paid the long-distance telephone tax will get the tax refund on their 2006 federal income tax return. This includes individuals, businesses and nonprofit organizations. The 2006 return is usually filed during 2007.
The IRS is making it easier for taxpayers by offering a standard refund amount between $30 and $60, so they don’t need to gather old phone bills. Taxpayers who choose the standard amount will only need to fill out one line on their tax returns. The standard amount is based on actual telephone usage data and the amount applicable to a family or other household reflects the long-distance phone tax paid by similarly sized families or households. Using this amount is the easiest way for taxpayers to get their refunds and avoid gathering 41 months of old phone records.
In general, any individual, business or nonprofit organization that paid long-distance tax for service billed after Feb 28, 2003 and before Aug 1, 2006 is eligible to request the refund with suitable Tax Preperation.
Instructions for requesting this refund will be included with your tax forms and at irs.gov. Therefore, most people will not need to call the IRS. If you decide to figure the actual amount and need to obtain copies of your phone bills, you should contact your phone service provider. Telephone companies may charge for copies of past bills.
The standard amount includes interest. The IRS will issue guidance later this year relating to the payment of interest where the actual expense method is used. If you are in a position where you are not filing a return, you can still get the refund by Tax Filling with form 1040EZ-T.
Labels: Telephone Tax Refund
