The Internal Revenue Service said that early filings show some individual taxpayers have requested large and apparently improper amounts for the special telephone tax refund.“We are seeing some clear abuse involving overstated refund requests,” said IRS Commissioner Mark W. Everson, in a statement. “People requesting an inflated amount will likely see their refund frozen, may have their entire tax return audited and even face criminal prosecution where warranted.”
The government stopped collecting the long-distance excise tax last August after several federal court decisions held that the tax does not apply to long-distance service as billed today. Treasury officials authorized a one-time refund of tax collected on service billed during the previous 41 months -- typically amounting to $30 for individuals and $60 for couples.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access