Telecom-Tax & Recovery

Downey & Company works in partnership with Inspectel & Associates, a leading, nation-wide, Telephony Tax and Management Services firm, to claim and procedurally manage Federal, State, and Local Excise Tax refunds from the IRS for Clients.

Federal Excise Tax on Telephony 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 Federal Excise Tax refunds for taxes assessed on telephony expenses remain unclaimed.

Your Entitled Refund

Your eligible refund is the 3 percent (3%) federal telecommunications 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 telecommunications excise tax refund, the statute of limitations is approaching.

·If your company already took the 1% Safe Harbor approach and received a refund, you are due a significant incremental Federal 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.

Contact Us

For a confidential review of this opportunity for your Company or Organization, please contact James Downey, at  800-849-6022, or by email at jdowney@downeycocpa.com.

About Inspectel

Headquartered in Boston, Inspectel is a leading nation-wide firm specializing in Federal, State, and Local telephony tax and Telephony Management Services. Please visit www.inspectel.org.