LAST CHANCE TO REQUEST TELEPHONE EXCISE TAX REFUND APPROACHES APRIL 15TH DEADLINE.
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.