Would you like some money? The IRS says it’s not too late for taxpayers to collect on the phone tax. Most phone customers – including most cell phone users – qualify for the one-time excise tax refund. It’s good for about a $30 to $60 refund. Taxpayers have a choice: a standard refund amount between $30 and $60, based on the total number of exemptions claimed on their 2006 tax return, to eliminate the need to locate old phone bills; or they can locate those bills and use the actual amount.
The Telephone Excise Tax Refund (TETR) is a one-time payment available on your 2006 federal income tax return. It is designed to refund previously collected long distance telephone taxes. Individuals, businesses and tax-exempt organizations are eligible to request it.
Visit http://www.irs.gov/newsroom/article/0,,id=164032,00.html for more information.
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