December 6, 2006

Free money for having a phone

Posted in Uncategorized at 3:18 pm by Ian

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.

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3 Comments »

  1. Adam said,

    Turns out it’s actually three years as well. Tax years before that are closed. Which results in some really weird assertions by taxpayers claiming things inconsistent with years past.

  2. Ian said,

    Wow, really?

    Ok, I jumped the gun in assuming otherwise.

  3. Chris said,

    Phew! I thought we might have had inequitable government there for a minute.


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