The IRS has lost a lawsuit regarding a tax on phone bills. The result is that taxpayers will no longer have to pay this tax and will also be getting money back.
A while back there was a blog on this tax. You may recall that telephone bills had a 3% federal excise tax on long-distance services. The bill permitting this tax was originally enacted in 1898 to fund the Spanish-American War. Several lawsuits were filed regarding this tax be abolished and refunded. The IRS has lost the right to charge this and the Treasury now has to refund approximately $13 billion to taxpayers.
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The IRS<\/span> has lost a lawsuit regarding a tax on phone bills. The result is that taxpayers will no longer have to pay this tax and will also be getting money back.<\/p>\n\n\t <\/p> A while back there was a blog on this tax. You may recall that telephone bills had a 3% federal excise tax on long-distance services. The bill permitting this tax was originally enacted in 1898 to fund the Spanish-American War. Several lawsuits were filed regarding this tax be abolished and refunded. The IRS<\/span> has lost the right to charge this and the Treasury now has to refund approximately $13 billion to taxpayers. <\/p>\n\n