Federal Long Distance tax ends….



I think at one point I’ve said that once taxes are put in place they tend NEVER to go away. Well, I must admit I’m wrong. 108 years ago in an effort to help finance the Spanish American War, long distance telephone taxes went into place. The tax will no longer be in effect as of July 31, 2006. Supposedly, we will be able to file for a refund of our last three years worth of long-distance taxes for land/cell phones in the 2006 tax returns. I stand corrected… once taxes are put in place they ALMOST Never go away (and if it’s for a specific purpose, it may hang around long after that purpose is completed.)


Now, I doubt there are too many people that have racked up 100′s of dollars of federal telephone tax the last three years, but…. I’m willing to bet that in order to get refunded the amount we will have to…. a) pore through long distances bills of cell phones/land lines for the last three years, b) itemize c) read another booklet of instructions with a fine tooth comb out of fear that you’ll misclaim the amount of tax in the wrong place…. and d) be immensely frustrated that several hours of research has netted you a refund of no more than $54 (assuming the average of $18 for three years…) OR a)collect all the information for your CPA b) pay them an extra $50 for the extra form to file for the refund of $54…… (Sorry – I don’t know the going rate per form – it’s probably more than that……)

Our tax system seems so silly, even when taxes end….

Related Posts

Blog Traffic Exchange Related Posts
  • WMF exploit and Windows 98 Most of the talk on the WMF zero-day has centered on Windows XP, 2000 and 2003. The unofficial patch is available for those three platforms. Microsoft's (eventual) patch will likely be for those as well. Incidents.org had a comment in one of their posts that this would be a "watershed......
  • Merry Christmas and a Happy New Year For those that read this I'd like to wish you all a Merry Christmas and a Happy New Year. I have several posts scheduled to come out each day through the 1st of the New Year, but will likely not be adding to that unless something big happens. I'll also......
  • VMware guest unable to access USB devices I ran into this some time back and found the solution a few months later and was reminded today to document it here.... The situation is this... Linux host for VMWare server, the guest machine has usb support and in vmware, you can go to VM, Removable devices and in......
Blog Traffic Exchange Related Websites
  • Introduction to the IRA The IRA is an Individual Retirement Account that was originally created by the United States Congress as a means of providing retirement savings with tax advantages to workers that were not already being covered under an employer-sponsored retirement plan. Unlike the standard 401(k) plan, the purpose of an IRA is......
  • Tax Withholding and Standard Miles Rates Update My second year writing for the TurboTax Blog has finished, and I'm happy to say they have signed me on to begin a third. I'll be taking a summer/fall three month vacation from the guest posting and back in November with another look at some great tax related topics. My......
  • The dreaded Death Tax! We have all heard of it, but most don't understand it. The Estate Tax, better known as the "Death Tax", was passed into law in 1916. Over the years the rate has moved up and down dramatically, but those impacted has always been a rather small group of people. According......
en.pdf24.org    Send article as PDF   

Similar Posts


See what happened this day in history from either BBC Wikipedia
Search:
Keywords:
Amazon Logo

Comments are closed.


Switch to our mobile site