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I checked the IRS site and this is correct
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<blockquote data-quote="dun" data-source="post: 306766" data-attributes="member: 34"><p>Subject: Fw: Special One time tax credit on 2006 tax return</p><p></p><p> </p><p></p><p> When it comes time to prepare and file your 2006 tax</p><p>>return, make sure you don't overlook the "federal excise tax refund credit."</p><p>>You claim the credit on line 71 of your form 1040. A similar line will be</p><p>>available if you file the short form 1040A. If you have family or friends</p><p>>who no longer file a tax return AND they have their own land phone in their</p><p>>home and have been paying a phone bill for years, make sure they know about</p><p>>this form 1040EZ-T.</p><p>></p><p>> What is this all about? Well the federal excise tax</p><p>>has been charge to you on your phone bill for years. It is an old tax that</p><p>>was assessed on your toll calls based on how far the call was being made and</p><p>>how much time you talked on that call. When phone companies began to offer</p><p>>flat fee phone service, challenges to the excise tax ended up in federal</p><p>>courts in several districts of the country. The challenges pointed out that</p><p>>flat fee/rate phone service had nothing to do with the distance and the</p><p>>length of the phone call. Therefore, the excise tax should/could not be</p><p>>assessed.</p><p>></p><p>> The IRS has now conceded this argument. Phone</p><p>>companies have been given notice to stop assessing the federal excise tax as</p><p>>of Aug 30, 2006. You will most likely see the tax on your September cutoff</p><p>>statement, but it should NOT be on your October bill.</p><p>></p><p>> But the challengers of the old law also demanded</p><p>>restitution. So the IRS has announced that a one time credit will be</p><p>>available when you and I file our 2006 tax return as I explained above.</p><p>>However, the IRS also established limits on how BIG a credit you can get</p><p>>Here's how it works.</p><p>></p><p>> If you file your return as a single person with just</p><p>>you as a dependent, you get to claim a $30 credit on line 71 of your 1040.</p><p>></p><p>> If you file with a child or a parent as your</p><p>>dependent, you claim $40.</p><p>></p><p>> If you file your return as a married couple with no</p><p>>children ,you claim $40.</p><p>></p><p>> If you file as married with children, you claim $50</p><p>>if one child, $60 if two children.</p><p>></p><p>> In all cases, the most you get to claim is $60 -</p><p>>UNLESS you have all your phone bills starting AFTER Feb 28, 2003 through</p><p>>July 31, 2006 (do not use any bills starting Aug 1, 2006.), then you can add</p><p>>up the ACTUAL TAX AS IT APPEARS ON YOUR BILLS AND CLAIM THAT FOR A CREDIT.</p><p>></p><p>> Now if you have your actual phone bills and come up</p><p>>with an ACTUAL TAX AMOUNT, you cannot use line 71 on your tax return. You</p><p>>have to complete a special form number 8913 and attach it to your tax</p><p>>return.</p><p>></p><p>> Individuals using the special from 1040EZ-T will</p><p>>have to attach this form 8913 also.</p><p>></p><p>> One final point - this credit is a refundable</p><p>>credit. That means you get this money, no matter how your tax return works</p><p>>out. If you would end up owing the IRS a balance, the refund will reduce</p><p>>that balance you owe. If you end up getting a refund, the credit will be</p><p>>added and you get a bigger refund by that $30 to $60, depending on how many</p><p>>dependents are on your return.</p><p>></p></blockquote><p></p>
[QUOTE="dun, post: 306766, member: 34"] Subject: Fw: Special One time tax credit on 2006 tax return When it comes time to prepare and file your 2006 tax >return, make sure you don't overlook the "federal excise tax refund credit." >You claim the credit on line 71 of your form 1040. A similar line will be >available if you file the short form 1040A. If you have family or friends >who no longer file a tax return AND they have their own land phone in their >home and have been paying a phone bill for years, make sure they know about >this form 1040EZ-T. > > What is this all about? Well the federal excise tax >has been charge to you on your phone bill for years. It is an old tax that >was assessed on your toll calls based on how far the call was being made and >how much time you talked on that call. When phone companies began to offer >flat fee phone service, challenges to the excise tax ended up in federal >courts in several districts of the country. The challenges pointed out that >flat fee/rate phone service had nothing to do with the distance and the >length of the phone call. Therefore, the excise tax should/could not be >assessed. > > The IRS has now conceded this argument. Phone >companies have been given notice to stop assessing the federal excise tax as >of Aug 30, 2006. You will most likely see the tax on your September cutoff >statement, but it should NOT be on your October bill. > > But the challengers of the old law also demanded >restitution. So the IRS has announced that a one time credit will be >available when you and I file our 2006 tax return as I explained above. >However, the IRS also established limits on how BIG a credit you can get >Here's how it works. > > If you file your return as a single person with just >you as a dependent, you get to claim a $30 credit on line 71 of your 1040. > > If you file with a child or a parent as your >dependent, you claim $40. > > If you file your return as a married couple with no >children ,you claim $40. > > If you file as married with children, you claim $50 >if one child, $60 if two children. > > In all cases, the most you get to claim is $60 - >UNLESS you have all your phone bills starting AFTER Feb 28, 2003 through >July 31, 2006 (do not use any bills starting Aug 1, 2006.), then you can add >up the ACTUAL TAX AS IT APPEARS ON YOUR BILLS AND CLAIM THAT FOR A CREDIT. > > Now if you have your actual phone bills and come up >with an ACTUAL TAX AMOUNT, you cannot use line 71 on your tax return. You >have to complete a special form number 8913 and attach it to your tax >return. > > Individuals using the special from 1040EZ-T will >have to attach this form 8913 also. > > One final point - this credit is a refundable >credit. That means you get this money, no matter how your tax return works >out. If you would end up owing the IRS a balance, the refund will reduce >that balance you owe. If you end up getting a refund, the credit will be >added and you get a bigger refund by that $30 to $60, depending on how many >dependents are on your return. > [/QUOTE]
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I checked the IRS site and this is correct
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