• Steps to Seek a Federal Excise Tax Refund on Long Distance • Where Does VoIP Stand on the Issue? •A Brief History of the 3% Federal Excise Tax		Steps to Seek a Federal Excise Tax Refund on Long Distance Nothing can be more boring or tedious than taxes – except when you are possibly due a sizeable refund. Over the past year corporations have been awarded substantial refunds on federal excise taxes levied for long distance services. This is because most telecommunication carriers now charge only by the minute, where as the current tax code (Sections 4251 and 4252) specifies that both time and distance must figure into the rate calculation.
			Where Does VoIP Stand on the Issue? The emergence of VoIP technology raises other questions about the federal excise tax on long distance. Since VoIP eliminates distance altogether many argue the long distance tax should not apply. In this CNET article, learn about where VoIP currently stands with regard to the tax, as more and more companies continue to make the migration.
			A Brief History of the 3% Federal Excise Tax Did you know that the excise tax was created initially to fund the Spanish-American War in 1898? Or that the tax was once as high as 45 percent! From its introduction 106 years ago, the Information Technology Association of America (ITAA) provides a brief history on how this tax was created and where it stands today.