Monday, January 15, 2007

Getting Your Phone Tax Refund

On August 1, 2006, congress eliminated an excise tax on long-distrance telephone calls. Additionally, the IRS erronesoulsy collected the tax from thousands of phone users. The IRS has promised to refund the money erroneously collected. Depending on your situation, there are a number of different ways to get the refund. You can claim it as a credit on your 2006 tax return, use the IRS' 1040EZ-T form or use the IRS' estimated amounts. Businesses, however, do not get to claim a simple dollar amount and must calculate their return amount. For more information on getting your phone tax refund visit Kiplinger.com.

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