LAST CHANCE TO REQUEST TELEPHONE EXCISE TAX REFUND APPROACHES APRIL 15TH DEADLINE. (381 hits)
The IRS is obligated under the law to honor any valid refund request it receives within 3 years of the date the request was made. This 3-year period is termed the statute of limitations, the time limits within which the IRS must act on refund requests. So, what does this have to do with refund requests of the long distance telephone excise tax?
Much in every way. It is not too late for many to get this refund of a telephone tax the federal courts, U.S. Supreme Court included, ruled unconstitutional in 2006. The 2006 tax year was the first time this one time phone tax refund could be claimed and was first available in the 2007 filing year. Time is quickly passing for refund request to be made by the April 15th deadline.
Many non-filing taxpayers, such as long-retired seniors, disabled, vets, relatives of the deceased, and others have not claimed this refund though they had telephones between 2003 and 2006 in which they were billed for excise tax charges on their long distance telephone service.
To comply with court order, the IRS used two options for refunding this tax. A standard amount of 30 to 60 dollars depending on number of exemptions claimed, to a maximum of 4. A telephone credit was given toward reducing taxes owed or refund of the credit if taxpayer had no tax liability by filing the IRS-designed form 2006 Schedule-EZT. Taxpayers who believed they paid more excise tax could itemize the actual amount paid on IRS form 8913.
In addition, businesses, churches, non-profits and other organizations could use a special formula to claim refund or credit against taxes they owed by using a special formula. The significance of April 15, 2010, is the IRS is under no obligation after this date to honor refund requests of this excise tax because the statute of limitations would have expired. See www.irs.gov or william & renae cooper long distance telephone excise tax refund.wvm for other details.
Great, while we live in the world called planet Earth, we must lean how to understand, and use our money so owed to us from Tax Credits. The Educational Credits, and Chid Tax Credits, and Dependent Care Credits. Wake us everybody, we have children, learn how this benefits you, along with the EIC, Earned Income Credit. Thanks Bill cooper the IRS owes me some money over 7 years, so Get What Is Due Me....Knowledge is Power, and of all things, GET AN UNDERSTANDING OUR FINANCES, FOOD, AND THE FUTURE, BOTH GO HAND, AND HAND...OK FOOD :)
Wednesday, March 10th 2010 at 2:52AM
Debra DeBerry
OK..Foot! Please tell us on this website how to maximize our text, because this prevents typographical errors. Peace!
Wednesday, March 10th 2010 at 2:54AM
Debra DeBerry
