IRS Reports That Only 17% Of $6 Billion Excise Tax Refund Pool Has Been Claimed
Tuesday, November 11th, 2008LOS ANGELES, CA, October 30, 2008 – C & I Tax Consultants today announced a new service to obtain refunds for clients who overpaid telecommunications excise taxes. Due to a recent settlement, businesses that purchased many telecommunications services from March, 2003 through July, 2006 are entitled to receive refunds of the Federal Excise Tax paid on those services, plus daily compounded interest. The refund can easily exceed 10% of a company’s total annual telecom expenses.
About The Telecommunications Excise Tax Refund:
Eligible Expenses: Includes inbound toll-free services, landline and mobile long distance (at fixed per minute rates), private lines, LAN, internet, broadband, pagers, beepers, voicemail, data-only services, and others.
Safe Harbor: Even if you have applied for a refund under the 1% safe harbor provision, we may be able to double your refund.
Services: Our service includes non-intrusive data collection, preparation of an audit-ready file, working with your CPA to do the necessary filings, and meetings with the IRS if necessary.
Time Period: In general, the period covered includes taxes on telecommunications services from 3/1/03-7/31/06. However, you may be entitled to refunds that go back as far as 1999.
C & I Tax Consultants is a leading firm helping businesses take advantage of the many facets of the Enterprise Zone Tax Credits. Their clients have saved millions of dollars. They have now expanded their services to include this Excise Tax Refund Program.