Sunday, February 18, 2007

The IRS Awaits You: 2006 Deadline Lurks as Does The Taxman

It's that time of year again, and like George Harrison said in his song, when tax time rolls around each year I feel like I'm working for no one but the 'Taxman'. Ok so we all have to suck it up and get it done. I've been online with the IRS browsing tax changes that apply beginning in 2006. (And yes I need a heavy dose of good music to do this). Here are a few new items that caught my eye:

1. Telephone excise taxes. This can be good! Do you have a plan with a cellular phone company that gives you X number of minutes (both long distance and local) a month for a flat fee? If so, certain taxes were applied. And recent court cases have decided that some of the taxes were burdensome. So our friendly IRS is refunding tax monies. This is a one time refund! It is good for telephone bills between 2003 and 2006. The IRS has a very good Q and A page on this. Again, it's called the Telephone Excise Tax Refund and to get the refund you need Form 8913. Don't miss out on this one time IRS offer (sounds so weird to say that!)

2. Filing On Line. Are you able to do your own taxes and want to file the easy way on line? The IRS claims you get your refunds faster when you do it on line. Regardless, here is the link to On line e Filing.

I have more tips to offer but you have to go to Carole's Blog (my Active Rain Blog) to read more. Peace Out 3C (photo courtesy of Rolling Stone Magazine)