Federal Excise Tax

First, file for an amended return using Form 1040X complete line 15 of the form. Form 1040X cannot be filed electronically; it must be filed on paper. To avoid refund delays, mail your completed Form 1040X at least three weeks after you filed your original return (if it was e-filed) or at least eight weeks later (if filed on paper). You normally have three years to file an amended return. In most cases, this means that if you want to request the telephone tax refund or make other changes to your 2006 return, you must file Form 1040X by April 15, 2010.

Next, if you choose to base your request on the actual amount of tax paid (rather than taking the standard amount), then you also need to fill out and attach Form 8913.

File for an extension to your 2006 annual return which gives you an extra six months to claim your federal excise tax refund. To get the automatic six-month extension, request it on Form 4868. This will give you until October 15, 2007 to file your 2006 annual tax return.

Significant Federal Excise Tax refunds can be obtained if you just request them. We have helped many clients gain their recoveries! With proper documentation you can still obtain your refunds for the past three years of Federal Excise Tax refunds for the period after February 28, 2003, and before August 1, 2006.

The luxury FET (Federal Excise Tax) has been removed. This federal excise tax is also known as a time and distance tax. For business or corporations, claims for refunds must be filed in your 2006 tax returns. FET tax refund advice is only a phone call away. Get the refunds due your company from federal excise tax refunds but only if you act quickly. The Federal excise tax applies to long distance charges found on voice lines (both analog and digital), wireless (cell) long distance, and Voice over Internet Protocol (VOIP) services. Certain documentation is required with your tax return and we highly recommend calculating the interest you are due as well.

The federal excise telecom refund doesn’t apply to local telephone service bills only containing local service. It does apply to those containing long distance charges. The Federal Excise tax will still apply to local phone line service. For companies with large telecom bills this process is very time consuming and the analysis and claim procedure should be ferreted out by a telecom auditor to ensure you get the exempt charges calculated properly for a refund. Once calculated then the supporting evidence is necessary to backup your claim.

With our experience we can determine if you are eligible for the Federal Excise Tax. There is a three year statute of limitations, so don't delay obtaining your refunds.