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Taxes
by Greg Balanko-Dickson on December 12, 2006

The IRS has now conceded that the tax should not be charged. As of August 30, 2006, telephone companies are supposed to no longer assess the excise tax.
And, we all get a credit (assuming we had long distance service) on our 2006 tax returns as restitution. This refund applies to individuals and also to businesses.
Businesses have to calculate a formula using form 8913, to determine the amount of the credit due them. The amounts may vary based on the size of the business. Sole proprietors alternatively may take the standard amounts... Via Facteon Blog
Permalink: Take the Federal Excise Tax Refund Credit
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/45459
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