December 6, 2006
Free money for having a phone
There’s a Federal Tax Credit for Long Distance Excise taxes this year. Basically, if you’ve owned any kind of phone in the past few years, you get a credit of $30-60. Don’t miss out.
Of course, the IRS is only refunding taxes paid in the last three years. Not before.
Under the applicable statute of limitations in the Internal Revenue Code, the IRS is generally not permitted to refund taxes that were paid more than three years before the date on which the refund program was announced.
First one to guess how long the statute of limitations is when the mispayment is in the other direction wins an inequitable government.