The Long-Distance Telephone Excise Tax is Dead!
Posted on 26. May, 2006 by Jason Guthrie in Taxes
Not to long ago I wrote about how the Treasury Department was having a tough time fighting off the litigation surrounding the silly telephone excise tax everyone pays for no reason. Today, however, the IRS and treasury announced that the long-distance telephone excise tax is indeed dead! Taxpayers will be able to apply for refunds on their 2006 tax forms, to be filed in 2007.
Treasury Secretary John Snow stated:
“Today is a good day for American taxpayers; it marks the beginning of the end of an outdated, antiquated tax that has survived a century beyond its original purpose, and by now should have been ancient history… The Federal Appeals courts have spoken across the board. It’s time to `disconnect’ this tax and put it on the permanent `do not call’ list… In addition to ending the litigation, I would like to call on Congress to terminate the remainder of this antique tax by repealing the excise tax on local service as well.”
Here are some of the details regarding the tax refunds:
jim
26. May, 2006
I’m curious what the “safe harbor” amount is going to be…