Telephone excise tax refunds.Businesses and tax-exempt organizations may use a formula to estimate their Federal telephone excise tax History Although in popular belief the telephone excise tax has been in place continuously since the Spanish-American War, it has actually been repealed and reinstated several times, usually in times of war or economic crisis. refunds. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. IR 2006-179, businesses--including sole proprietors, corporations and partnerships--and exempt organizations must complete Form 8913, Credit for Federal Telephone Excise Tax Paid, to request a refund TO REFUND. To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid. 2. On a deficiency of assets, executors and administrators cum testamento annexo, are entitled to have refunded to them legacies . Requirements: Filers may determine the actual amount of refundable long-distance telephone excise taxes excise taxes, governmental levies on specific goods produced and consumed inside a country. They differ from tariffs, which usually apply only to foreign-made goods, and from sales taxes, which typically apply to all commodities other than those specifically exempted. paid for the 41 months from March 2003-July 2006, or use a formula to figure their refunds. Business fliers should attach Form 8913 to their regular 2006 income tax returns; exempt organizations must attach it to Form 990-T, Exempt Organization Business Income Tax Return. Rather than computing computing - computer the actual taxes paid, fliers can determine their refunds by comparing a telephone bill with a statement date in April 2006 to a bill with a statement date in September 2006. Refund claimants must compute To perform mathematical operations or general computer processing. For an explanation of "The 3 C's," or how the computer processes data, see computer. the percentage of telephone tax as a percentage of each. The April 2006 figure will include excise taxes for both local and long-distance services; the September 2006 figure will include only the tax on local service. The difference between the two percentages should be applied to the flier's quarterly or annual telephone expenses to determine the refund. Refund limit: The refund is capped at (1) 2% of total telephone expenses for businesses and exempt organizations with 250 or fewer employees and (2) 1% for those with more than 250 workers. |
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