Since the IRS starts accepting electronic returns this week, let’s start off with the tax tips. First, an easy one: the IRS Telephone Tax Refund.
Summary: Courts decide old phone tax not legit, should be refunded. You and I get money back.
Easy way: Check a box and take the standard amount, which is $30-$60 depending on how many exemptions you claim. Single people with one exemption get $30. No bills, no paperwork.
Hard way: Gather all your old cell phone, landline, and VoIP bills from February 28, 2003 to August 1, 2006 and add up all the excise tax you paid for those 41 months. If it’s more than what you would have gotten with the easy way, fill out Form 8913 and get that amount instead. If you kept your bills, this might be worth the effort.
I’m going to a CPA this year to get my taxes done for the first time ever, I wonder what he’d say if I came in with a huge box of paper and pretended that they were 41 months of phone bills that I wanted him to sift through…
More information from the source: Telephone Tax Refund Q&A page.
By Jonathan Ping | Taxes | 1/14/07, 5:03am