How do I file for the fed excise tax on phone?

Answer 1

Taxpayers have a choice: a standard refund amount between $30 and $60, based on the total number of exemptions claimed on their 2006 tax return, to eliminate the need to locate old phone bills; or they can locate those bills and use the actual amount.

Choosing the standard refund amount? You’ll find an extra line on your tax returns for the refund.
Find those old phone bills? You can figure the refund using the actual amount of tax paid. Fill out Form 8913, Credit for Federal Telephone Excise Tax Paid, and attach it to your return.
Don't need to file a return? You can still request the refund. Use the new Form 1040EZ-T, Request for Refund of Federal Telephone Excise Tax, to choose the standard amount. Attach Form 8913 to Form 1040EZ-T if you use the actual amount. Also, some companies offer free e-filing of Form 1040EZ-T.
Filing Schedule C, E or F? You may be eligible to use the special formula for businesses if you have more than $25,000 in gross receipts.
http://www.irs.gov/newsroom/article/0,,id=164032,00.html

Answer 2

sure, it truly is genuine. if you're actually not required to document a go back and also you had a telephone from March 1993 on, then you definately favor to flow to the library and %. up a 1040T. only placed you Social protection #, call deal with and any dependents you've and verify the field that asks in case you had a telephone even as the bill took result. if you're filing taxes besides, verify the field on the again of the 1040 which applies to the Federal Excise Tax credit. it is a one time credit and it truly is $30 for a million man or woman (your self) $40 for 2, $50 for 3 and a optimal of $60 for 4. enable easily everyone study about this, fantastically the elderly that does no longer commonly document taxes.

Answer 3

If you are filing taxes anyway, on pg. 2 on the 1040 their is a line, 71, for you to fill in, if you aren't required to file taxes. pick up a 1040EZ-T at your local library. You credit depends on the amount of dependents you have. If it only you, you will receive $30. The highest credit is $60 regardless how many dependents you have over 4. I Hope this helps.

Answer 4

If you are filing a tax return, there's a line in the PAYMENTS section of 1040, 1040A and 1040EZ to claim it.

If you aren't filing a tax return but are eligible for the telephone excise credit refund, you can claim it on a form 1040EZ-T. You can download a copy at irs.gov or pick one up at your local library.

Answer 5

I just did my taxes last night and this very thing came up. I think its just one question and thats it. It like a lump sum. no records or paperwork needed. We got like $80 for it. Hope this helps. We went to Jackson Hewitt if that helps too.

The Syko Ward