Much of the excess tax collected by the Internal Revenue Service from businesses for telephone excise taxes is not being claimed or refunded, according to a new report.
The Internal Revenue Service announced its decision to stop collecting the tax in 2006 after a series of lawsuits and then implemented a program for taxpayers to receive refunds for the portion of their telephone excise taxes paid on long-distance or bundled telephone service billed after Feb. 28, 2003, and before Aug. 1, 2006, that did not meet the statutory taxability requirements.
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