Filed in archive Finance by Deborah Brown on March 23, 2007

I'm sure you've heard - but the government is giving us a one time pass to deduct the federal telephone excise tax we were charged from 2003 through 2006 - 41 months of phone bills. Whether you are a one-person home office or a company of thousands - this is worth looking into.

You can calculate the amount spent manually...that means digging out EVERY SINGLE PHONE BILL for those 41 months and adding up the federal excise tax to arrive at the amount that should be deducted.

OR

There is an estimated process which will save time and valuable payroll dollars that could be used for other projects.

Attached is a PDF I found that provides easy to understand instructions - but to be safe, make sure you talk to your accountant for the scoop in your state.

For those doing your own taxes - a separate form number 8913 will need to be completed.

Check it out - you may enjoy a sizeable deduction!

Related Entries:

Bring on the Telephone Sanitisers! - 12 March 2004
Even with our lips closed, our body is speaking - Part Three - 19 May 2006
A Customer Service Telephone Survey - 25 July 2006
Is Blogging a Chore? - 14 August 2006
Skype Now Works with Corporate PBX - 15 October 2006
Take the Federal Excise Tax Refund Credit - 12 December 2006
Do You Make Lemonade? - 15 January 2007
Tommy Telephone: The Making Of A Telephone - 06 May 2008

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Permalink: Telephone Tax Savings for 2006

Tags: federal telephone excise tax accountant 2006 tax return business small+business

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Vote for Telephone Tax Savings for 2006:

Currently 8.50/10
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Rating: 8.50 out of 4 vote(s) cast.

Response from: Yosef Rabinowitz (03/24/07 5:42pm)

The full refund is about 1.5 times your average pre-tax LD/Wireless bill. If you're on a $60/month plan, you're getting back about $90 (more if you file on extension). If you're single, that's triple your standard refund of $30. Cell phone users do NOT need to go through their old bills as long as they know what their monthly plan's base fee was for each month between March '03 and July '06. Check out www.PhoneTaxRefundCalculator.com for more details and for the software I created to reduce the calculation process to a few minutes, not the 13 hours that it says on Form 8913.

Response from: Deborah (03/25/07 11:28am)

Thanks, Yosef - great additional information!