Ring up telephone tax refunds — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
If you don’t like clutter, throw away those old telephone bills. The IRS has announced the standard amounts that individuals can use to claim refunds of the tax on longdistance charges (see 6/12/06 issue). The amounts — which people can claim on their 2006 returns — range from $30 to $60, based on the filer’s number of exemptions. (IRS News Release IR 2006-137) If you think you’ve paid more than $60 in long-distance tax between Feb. 28, 2003, and Aug. 1, 2006, you can still use old statements to substantiate your claim.
If you handle payroll compliance, beware: As other tax revenue sources dry up, the IRS is hiring 700 new revenue agents whose only job will be to hunt down payroll-law violations. That means intense new scrutiny of your W-2s, 1099s, 1095s and other payroll tax reporting compliance....Click here to find out more.