TELEPHONE EXCISE TAX REFUND
The IRS has decided to discontinue the “telephone Excise Tax”. Ya, you are saying that you did not know that they were collecting this tax? Well it all started in the year 1898. Yes that is correct, 1898, 108 years ago.
You see, it was originally a “luxury” tax that our good friends the Federal Government imposed just after Alexander Graham Bell invented the telephone. (Those crafty Feds really know how to tax). It was actually a tax on the rich which never was removed even when we poor slobs got our own telephones.
So, they are going to pay us back for all of the Federal Excise Tax that was charged from February 28, 2003 and August 1, 2006. Get all of those phone bills out and add up the tax you paid. Oh, ya, it is only the federal excise tax.
You say you did not save all of those phone bills? Boy are you out of luck, well not really. Our good friends at the IRS are letting us take a standard refund amount based upon how many exemptions we are claiming in 2006.
If you have one exemption, meaning you file single, you get $30, two gets you $40, three gets you $50 and four or more gets you $60.
This applies to all phone bills. Cell phones, home phones and business phones. But the most any one tax return can get is the amount above. This refund is even available to those that don’t itemize there expenses.
What if you do not need to file a tax return? No problem, the IRS has a form for you to file. Anyone that had a phone bill gets some free cash.
The final question you might be asking is, what about all that money that they got over the past 108 years? Sorry, you only get your $30 to $60 bucks. Oh, ya, if you have eight kids you might think about getting a divorce for this year so that you can file and get $120. On second thought it might cost more to file that paperwork.
The IRS has decided to discontinue the “telephone Excise Tax”. Ya, you are saying that you did not know that they were collecting this tax? Well it all started in the year 1898. Yes that is correct, 1898, 108 years ago.
You see, it was originally a “luxury” tax that our good friends the Federal Government imposed just after Alexander Graham Bell invented the telephone. (Those crafty Feds really know how to tax). It was actually a tax on the rich which never was removed even when we poor slobs got our own telephones.
So, they are going to pay us back for all of the Federal Excise Tax that was charged from February 28, 2003 and August 1, 2006. Get all of those phone bills out and add up the tax you paid. Oh, ya, it is only the federal excise tax.
You say you did not save all of those phone bills? Boy are you out of luck, well not really. Our good friends at the IRS are letting us take a standard refund amount based upon how many exemptions we are claiming in 2006.
If you have one exemption, meaning you file single, you get $30, two gets you $40, three gets you $50 and four or more gets you $60.
This applies to all phone bills. Cell phones, home phones and business phones. But the most any one tax return can get is the amount above. This refund is even available to those that don’t itemize there expenses.
What if you do not need to file a tax return? No problem, the IRS has a form for you to file. Anyone that had a phone bill gets some free cash.
The final question you might be asking is, what about all that money that they got over the past 108 years? Sorry, you only get your $30 to $60 bucks. Oh, ya, if you have eight kids you might think about getting a divorce for this year so that you can file and get $120. On second thought it might cost more to file that paperwork.
posted by Traxler | 1:35 PM
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