In order to have the best chance of recovering an overpayment of Communications Excise Tax, each taxpayer should consider filing refund
claims for overpaid Communications Excise Tax for all relevant periods as soon as possible.
In a survey of about 800 people, 59 percent said they will spend their tax refund
on everyday purchases and bills, according to the Cambridge Consumer Credit Index, a monthly telephone poll sponsored by Debt Relief Clearinghouse Ltd.
In a February 2003 speech, Illinois Attorney General Lisa Madigan warned consumers against getting rapid refund
loans, pointing out that if the IRS gave them less of a return than they expected, they must repay the difference.
6511(b)(2)(A) declares that if the refund
claim is filed within three years of filing the return, the amount of the allowable refund
is limited to the amount paid within the period that is "equal to three years plus the period of any extension of time for filing the return.
The problem with the refund
procedure here is not one of substance but of timeliness," Schwartz said in the May 12 decision.
If you expect a refund
next year, you should make steps now to have more take-home pay, rather than wait until the summertime to get the refund
and then blow the money," says Marvin Mangham, a financial advisor with the Atlanta Planning Group.
Given this uncertainty, affected taxpayers should immediately file a refund
claim or a protective refund
Those without access to the Internet who think they might be missing a refund
should first check their records or contact their tax preparer before calling the IRS toll-free assistance line at (800) 829-1040 to update their address.
process may be onerous, but as most CPAs know, working with the IRS generally is not easy.
The State of Minnesota here, however, goes even further--taxpayers who had no way of knowing they were billed incorrectly were subjected to procedural obstacles constructed to block their way to a refund
of the excess tax payments.
Defendant further claimed that since the lease is silent as to the refund
and since plaintiff surrendered the lease without reserving its right to the refund
, plaintiff must be deemed to have waived its right to it.
This early refund
loan, or "Refund
Anticipation Loan" (RAL), is a very short-term loan against your expected tax refund
and is arranged by the tax preparer through a bank.
Individual nonfilers will use new Form 1040EZ-T, Claim for Refund
of Federal Telephone Excise Tax, to make the claim.
We made our case that California is doing all it can to ease the energy crisis and that Californians deserve a full refund
of $9 billion in overcharges for power,'' added Davis, who ended a day of lobbying by meeting with officials of the Federal Energy Regulatory Commission.
Employees who are unable to get their tax refunds
from their employers must file Form 843, Claim for Refund
and Request for Abatement.