Friday, December 01, 2006

Phone-Tax Refunds

In August the Treasury Department stopped collecting a three-percent tax on long distance calls, which has been in effect since the time of the Spanish American War back in 1898. It was also announced that the IRS would refund all money collected since March 2003 under the long distance tax. The government is expected to return up to $13 billion to individuals, businesses, and organizations. WashingtonPost.com has a helpful article with more details on this new return, including how to calculate the refund amount. To read the article click here.