Missy wrote:
- quote -

In the 1040A instructions Book fm the IRS, It's stated "You
cannot request the credit or refund if you have already
received a credit or refund fm your service Provider" This
sounds like some people might have already received the
credit fm their provider. Am I wrong? I need a little help
on why it's written that way. I just learned about the
credit and want to make sure I am eligible.

Mac

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Missy wrote:

- quote -

She seems to be busy over on the AOL tax board, where she's
been a fixture there for many, many years. And of course
she's on our NAEA Webboard when time permits "this time of
year".

As for all of us.

ChEAr$,
Harlan Lunsford, EA n LA

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mac <jj1...[at]nospam.net> wrote:
- quote -

The phone Co will not give you a credit. You must take your
credit on your tax return. It will be the 'federal excise
tax' on your long distance for 41 previous months....

Missy Doyle

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On Feb 3, 1:33 am, Harlan Lunsford <hnslunsf...[at]bellsouth.net> wrote:

- quote -


Second mistake in 44 years.... <VBG> It must have been
late and I was tired....

Thanks, Harlan.
PS where is Helen??

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Missy wrote:
- quote -

Can you you explain the difference between "Federal excise
tax" and "Federal tax"? Also, I don't have my old bills and
I don't remember whether or not the Provider gave me a
credit or not. Can I rely on the providers word or will I
need something in writing?

Mac

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Missy wrote:
- quote -

standand CREDIT; not deduction.

- quote -

gotcha, Missy!

ChEAr$,
Harlan Lunsford, EA n LA

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"rick++" <rick303[at]hotmail.com> wrote
- quote -

Let's be careful with terminology so as not to confuse.
They can take the standard credit, or, compute their actual
long distance tax credit. This regardless of if they
itemize other deductions.

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

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When you do the arithmetic, the tradeoff is if the refund
amount $30 - $60 is less than your average monthly long
distance bill. That is because the 3% tax over the 36 month
lookback works out to 108% of an average monthly bill. The
tax is closer to 2.5% in my observation because the tax
doesnt apply to fees. So if you are married and spend more
than $50 a month long distance you might save a couple bucks
itemizing.

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"Gil Faver" <rowdy'sb...[at]xxyz.com> wrote:

- quote -

The federal tax is still on the bills. The federal excise
tax stopped in July. You may go back 41 months. Or you may
take the standard deduction. $30 = 1 person, $40 = 2, $50=
3 $60 = 4 people.

Missy Doyle

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Gil Faver wrote:

- quote -

It applies ONLY to federal excise tax on long distance
service. It does NOT include federal excise tax on regular
(local) service.

ChEAr$,
Harlan Lunsford, EA n LA

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"Gil Faver" <rowdy'sboss[at]xxyz.com> wrote

- quote -

It should say "Federal Excise Tax", but I suppose your phone
company has short-cut it.

Do not include the Federal Universal Service Charge, as that
isn't what gets refunded.

If you're adding up the actual, only look for the Federal
Excise Tax as it applied to the long-distance portion only.

The tax on local charges still applies.

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

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The IRS refers to "Federal Excise Tax". Will this be called
out specifically this name on my bills, or does the "Federal
Tax" appearing on my phone bills fall into this category?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >