IRS Announces Telco Excise Tax "Refund" Amounts, Procedures

" The Internal Revenue Service today announced the standard amounts that most long-distance customers can use to figure their telephone tax refund. These amounts, which range from $30 to $60, will enable millions of individual taxpayers to request the telephone tax refund without having to dig through old phone bills. ... " To get the standard amount, eligible taxpayers only need to fill out one additional line on their regular 2006 return. ...

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