The Internal Revenue Service announced a formula allowing businesses and tax-exempt organizations to estimate their federal telephone excise tax refunds.In May, the government announced that it would stop collecting the federal excise tax on long-distance telephone service beginning Aug. 1, 2006, and provide refunds for taxes billed after Feb. 28, 2003.
To request a refund, businesses (including sole proprietors, corporations and partnerships) and tax-exempt organizations must fill out Form 8913. Organizations can either determine the actual amount of refundable telephone excise taxes that they paid from March 2003 through July 2006, or, instead of gathering 41 months of phone records, use a formula to calculate their refunds.
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