Telephone Excise Tax Refund

Downey & Company works in partnership with Inspectel & Associates, a leading, nation-wide, telephone tax and management services firm, to claim and procedurally manage telephone excise tax refunds from the IRS for clients.

Federal Excise Tax on Telephone Services

In Notice 2006-50, 2006-25 IRB the IRS conceded that telephonic communications for which a toll charge varied only with elapsed time, and not distance, was not taxable under Code SEC. 4252(b)(1) and that refunds were available beginning with tax paid on services billed after 2/28/03 and before 8/1/2006.

To date, more than $4 billion in Telephone Excise Tax refunds for taxes assessed on telephony expenses remain unclaimed.

Your Entitled Refund

Your eligible refund is the 3 percent (3%) telephone excise tax your Company has paid from March 1, 2003 through July 31, 2006, plus interest, on charges for telephony services, including: long distance, bundled services, voice mail, conference calling, pagers, WAN, LAN, 800 numbers, company wireless (cellular) phone usage, VOIP, and other qualifying  telephony and communication software systems expense.

·If you have not filed for your telephone excise tax refund, the statute of limitations is approaching, but there is still time through mid 2012.

·If your company already took the 1% safe harbor approach and received a refund, you are still due a significant incremental telephone excise tax refund.

·In the case where you may have received a refund using the IRS actual expense method, we expect you are entitled to a larger refund; this is primarily due to the complexity of undertaking the actual expense method, which often led to significant omissions and errors in calculation.

Our Telephone Excise Services

·We analyze your General Ledger Accounts Payable data and perform a comprhensive drill down and financial audit of all telephonic communication vendors used by your company.

·We calculate your telephone excise tax refund and prepare all your required tax forms.

·We handle all claims administration, including meetings, correspondence, negotiations, and audits with the IRS at no additonal charge.

·Our work is complete only after you receive your telephone excise tax refund and the IRS issues a closing letter.

For a confidential review of your telephone excise tax refund, please contact James Downey at  800-849-6022 or by email at jdowney@downeycocpa.com.