Don’t Forget the Telephone Tax Refund!

Posted on 05. Mar, 2007 by in Taxes

irs_refund.gifYou can’t see me right now, but I’m on my knees, begging you to remember to claim the Telephone Excise Tax Refund on your 2006 tax return. The IRS recently announced that 10 million “early filers” (a.k.a. those who don’t wait until April 15th) did not claim the Telephone Excise Tax Refund. That’s 30% of early filers who missed out on free money.

I don’t want you to add to the number of people who missed out on the refund, so consider this my desperate attempt to remind you.

For those who may not have heard hey, the government stopped collecting the long-distance excise tax last August after several federal court decisions held that the tax does not apply to long-distance service as it is billed today. Federal officials then authorized a one-time refund
of the federal excise tax collected on service billed during the previous 41 months, stretching from the beginning of March 2003 to the end of July 2006.

To make the refund easier to figure, the government established a standard refund amount, based on personal exemptions, ranging from $30 to $60. If you have phone bills and other records, you can request the actual amount of excise tax paid. However, the standard amount is easy to figure, and approximates the eligible amount for most individual taxpayers.

So please take the extra 10 seconds to check your return and be sure you filled out the one required line. You don’t need to present proof to the IRS, so this could possibly be the easiest way to earn $30 to $60.

3 Responses to “Don’t Forget the Telephone Tax Refund!”

  1. AJ

    05. Mar, 2007

    Done and done.

Trackbacks/Pingbacks

  1. Accounting for a Detoured Economist » Blog Archive » The US Telephone Excise Tax Refund - March 5, 2007

    […] Update: Bean Counter Blog has noted the same problem here. […]

  2. Donate Your Telephone Tax Refund to a Good Cause at BeancounterBlog.com - March 29, 2007

    […] Hopefully by now you’ve taken my advice and claimed your telephone tax refund on this years’ tax return. If not, you can see my post here begging and pleading for you to do it. But why am I so insistent upon this? […]

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