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.
Due to recent automated spamming attacks on our blogs, we are temporarily requiring commenters to authenticate themselves via TypeKey® before posting comments to any News & Record blog in order to prevent denials of service. We sincerely apologize for the inconvenience.