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Posted by Gil Faver on January 31, 2007, 5:31 pm
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The IRS refers to "Federal Excise Tax". Will this be called
out specifically this name on my bills, or does the "Federal
Tax" appearing on my phone bills fall into this category?
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Posted by Paul Thomas, CPA on January 31, 2007, 8:58 pm
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> The IRS refers to "Federal Excise Tax". Will this be called
> out specifically this name on my bills, or does the "Federal
> Tax" appearing on my phone bills fall into this category?
It should say "Federal Excise Tax", but I suppose your phone
company has short-cut it.
Do not include the Federal Universal Service Charge, as that
isn't what gets refunded.
If you're adding up the actual, only look for the Federal
Excise Tax as it applied to the long-distance portion only.
The tax on local charges still applies.
--
Paul Thomas, CPA
paulthomascpapc@bellsouth.net
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by Harlan Lunsford on January 31, 2007, 8:58 pm
Please log in for more thread options Gil Faver wrote:
> The IRS refers to "Federal Excise Tax". Will this be called
> out specifically this name on my bills, or does the "Federal
> Tax" appearing on my phone bills fall into this category?
It applies ONLY to federal excise tax on long distance
service. It does NOT include federal excise tax on regular
(local) service.
ChEAr$,
Harlan Lunsford, EA n LA
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by Missy on February 2, 2007, 2:10 am
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> The IRS refers to "Federal Excise Tax". Will this be called
> out specifically this name on my bills, or does the "Federal
> Tax" appearing on my phone bills fall into this category?
The federal tax is still on the bills. The federal excise
tax stopped in July. You may go back 41 months. Or you may
take the standard deduction. $30 = 1 person, $40 = 2, $50=
3 $60 = 4 people.
Missy Doyle
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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Posted by Harlan Lunsford on February 3, 2007, 2:33 am
Please log in for more thread options Missy wrote:
>> The IRS refers to "Federal Excise Tax". Will this be called
>> out specifically this name on my bills, or does the "Federal
>> Tax" appearing on my phone bills fall into this category?
> The federal tax is still on the bills. The federal excise
> tax stopped in July. You may go back 41 months. Or you may
> take the standard deduction.
standand CREDIT; not deduction.
> $30 = 1 person;, $40 = 2; $50 = 3; $60 = 4 people.
gotcha, Missy!
ChEAr$,
Harlan Lunsford, EA n LA
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
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