I had something pointed out to me today I figured would be of relevance to pretty much everyone in America.
Because of some court proceedings, the federal government has deemed the "Federal Excise Tax" charged on your phone bill, since forever, to be wrong... and you are eligible to be reimbursed. They have set up a special tax credit available for 2006 on your tax form to claim this credit. You can add up all of your "Federal Excise Tax"es charged (From Feb 2003-July 2006) and submit for a total, or go for the flat rate.
Check out this link (IRS), for all the details and how to get the refund. It is setup similar to an FAQ which is really helpful and pretty easy to follow even for the IRS!
Update: This is my personal favorite excerpt from the IRS Site:
What is the total amount the government expects to refund?
Because of some court proceedings, the federal government has deemed the "Federal Excise Tax" charged on your phone bill, since forever, to be wrong... and you are eligible to be reimbursed. They have set up a special tax credit available for 2006 on your tax form to claim this credit. You can add up all of your "Federal Excise Tax"es charged (From Feb 2003-July 2006) and submit for a total, or go for the flat rate.
Check out this link (IRS), for all the details and how to get the refund. It is setup similar to an FAQ which is really helpful and pretty easy to follow even for the IRS!
Update: This is my personal favorite excerpt from the IRS Site:
What is the total amount the government expects to refund?
Economists at the U.S. Department of the Treasury estimate the amount refunded to individuals will be about $10 billion.
Thats $10 billion of OUR money coming back to US!
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