Internal Revenue Service US Dept of the Treasury Telephone tax refund info

Hey, this is a once in a lifetime announcement from the IRS in which they are reminding us to declare a credit on our 2006 tax returns. No, this is not a joke!

“IR-2006-137 Aug 31, 2006

WASHINGTON–The Internal Revenue Service today announced the standard amounts that most long-distance customers can use to figure out their telephone tax refund. These amounts which range from $30-$60, will enable millions of individual taxpayers to request the telephone tax refund without having to dig through old phone bills.

In general, anyone who paid the long-distance telephone tax will get the refund on their 2006 federal income tax return. This includes individuals, businesses and non-profit organizations. The 2006 return is usually filed during 2007.

The standard amounts are based on the total number of exemptions claimed on the 2006 federal income tax return. The standard amounts are $30 for a person filing a return with one exemption, $40 for two exemptions, $50 for three exemptions and $60 for four or more exemptions. For example, a married couple filing a joint return with two dependent children (for a total of four exemptions) will be eligible for the maximum standard amount of $60.”

This post is not a joke. Our CPA just took this deduction on our personal return.

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