Telephone Excise Tax Basics

Despite the fact that the deadline for claiming your telephone excise tax refund is looming ever closer, much confusion still exists about the logistics of making the actual claim. While the IRS has outlined a simplified claims process for residential and individual telephone service, the more difficult task of defining a clear, concise claims process for businesses is still in the works. Up until mid-September, the IRS was still soliciting suggestions from concerned parties about how to simplify this process. As such, we may not see finalized details and instructions until weeks before the 2006 income tax season begins. Initiated in 1898 to support the Spanish-American War, the telephone excise tax has existed, albeit in various iterations, for most of the hundred-p View the rest of this article