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 Posted: Sat, Jan 20 2007, 8:42 am EST Post subject: How to get a tax refund for paying a 1898 war |
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The IRS is set to return money collected via Americans' phone bills to pay for the Spanish-American War.
Individuals will have the opportunity to determine the claim value of their FET refunds by using one of two options:
* OPTION #1 (also known as the "Standard Amount") Individuals will be able to claim a “standard FET claim value” refund on their 2006 IRS form 1040, 1040A, or 1040Z based upon a value determined by the IRS general rules. No documentation is needed. The IRS has finalized this procedure.
* OPTION #2 (also known as the "Calculated Amount) Individuals will be able to claim a refund on their 2006 IRS form 1040, 1040A, or 1040Z based upon the actual FET amounts billed and paid using your Telecom Vendor Statement and/or invoice documentation for the defined 41 month period.
The IRS has announced that individuals will receive a $30 to $60 refund using OPTION #1.
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Details:
http://articles.moneycentral.msn.com/Taxes/CutYourTaxes/WarIsOverYouAreDueARefund.aspx
http://www.refundphonetax.com/ |
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