N.C. taxpayers are forgetting free money
The state’s taxpayers are overlooking a major tax credit this year.
As of Feb. 16, about 28 percent of the state’s early filers had not requested a telephone tax refund. This one-time credit applies to anyone who paid the federal excise tax on long-distance phone service between March 2003 and July 2006.
Mark Hanson, a local spokesman for the Internal Revenue Service, said Monday that unrequested refunds in North Carolina total more than $7.5 million — at least $30 for each early filer who neglected the credit.
Visit www.irs.gov for details on the phone tax refund. Consumers who paid the excise tax but who do not have to file a tax return still can get a refund by submitting a 1040EZ-T to the IRS. This tax form is available at area libraries and online.