TITLE

Getting Refunds Of Illegally Collected Federal Excise Taxes

AUTHOR(S)
Levine, Hank; Blaszak, Jim
PUB. DATE
May 2007
SOURCE
Business Communications Review;May2007, Vol. 37 Issue 5, p66
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the U.S. government's promise of a Federal Excise Tax (FET) refund. The Internal Revenue Service (IRS) insisted that long distance rates were taxable, even after they were labeled non-distance-sensitive services in 1990. In 2002, a series of cases were brought against that interpretation of the tax code and ultimately won. The IRS agreed to stop collecting FET on interexchange services and refund 41 months' worth of collected taxes. The author describes what is necessary to file for a refund and what is covered in the refund. He recommends keeping a copy of the records in case the IRS decides to audit, as it must be recorded on 2006's income taxes.
ACCESSION #
25062727

 

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