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Telephone Excise Tax Refund (TETR)

 

INSPECTEL & ASSOCIATES LLC HAS SUCCESSFULLY OBTAINED SIGNIFICANT TELEPHONE EXCISE TAX REFUNDS/CREDITS FOR OUR CLIENT LIST OF MORE THAN 100 FORTUNE 500 AND GLOBAL 1000 COMPANIES.

 

Please contact us at (617) 686-1981 for a confidential and FREE REVIEW of your entitled Telephone Excise Tax Refund (TETR).

  • Inspectel’s audit ready package has gone through extensive review with the IRS; we have a 100% success record in defending the refund claims filed. Whether you have filed for your refund or not, we can assist with ensuring that you have maximized your refund.

  • Under IRS Notice 2006-50 and 2007-11 the IRS is allowing a 1% “estimation method” for calculating this credit; do not settle for this amount! Our process gathers all required documentation to support the full 3% refund.

  • We have experience working with companies that have complex and substantive subsidiary operations, large general ledgers, multiple financial systems, and who are actively involved in mergers and acquisitions.

Inspectel's Telephone Excise Tax Refund (TETR) process is:

  • Best Practice - Managed by professionals meeting the highest standards of excellence

  • Effective - Inspectel recaptures 100% of Federal Excise Tax on telecommunications charged your company

  • Streamlined - Our method minimizes the amount of work our clients needs to perform

 

Our best-practice process includes:

  • An audit of all telephony vendors used by your corporation. We fully document the excise taxes you were assessed and paid, and calculate the telecommunication excise tax refund you are owed

  • Preparation and Filing of applicable tax forms as required by the IRS
  • Management of administrative procedures, meetings, and correspondence with the IRS
  • Provision of full audit determination support
  • Completion of project through refund receipt and IRS closing letter

 

 

Please contact us at (617) 686-1981, or send us an email, for a FREE AND CONFIDENTIAL review of your TETR entitlement: 

 

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Circular 230 Disclosure

If and only to the extent that this publication contains contributions from tax professionals who are subject to the rules of professional conduct set forth in Circular 230, as promulgated by the United States Department of the Treasury, the publisher, on behalf of those contributors, hereby states that any U.S. federal tax advice that is contained in such contributions was not intended or written to be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by the Internal Revenue Service, and it cannot be used by any taxpayer for such purpose.

 

Telephone Excise Tax Review

 

Case Law

May 25, 2006 -  IRS loses the battle. Federal cases in the Second, Third, Sixth, Seventh, and District of Columbia circuits, all of which were decided against the government, held that a telephonic communication for which there is a toll charge varying due to elapsed transmission time and not distance is not a taxable toll telephone service as defined in code Section 4252(b)(1).  

 

 

Notice 2006-50, 2006-25 IRB 

June 19, 2006 - IRS formally concedes. Accordingly, the government will no longer litigate this issue and Notice 2005-79, 2005-46 I.R.B. 952, which states otherwise, is revoked. The Commissioner agrees to credit or refund the amounts paid for nontaxable service.

 

 

Notice 2007-11, 2007-5 IRB 

January 29, 2007 - This notice amplifies, clarifies, and modifies Notice 2006-50, 2006-25 IRB.

 

 

Treasury Inspector General Report

April 24, 2008 - IRS cites reasons for low refunds claimed by corporations; (1) businesses believed the amount of work and associated fees outweighed the amount of the credit they would receive, (2) businesses were concerned that they would be unable to provide the necessary records needed to support the amount of the claim, and (3) businesses simply were not aware of the credit. 

 

 

Treasury Inspector General Report

September 17, 2008 - Yet another report by the Treasury presenting reasons  why business taxpayers did not claim the Telephone Excise Tax Refund (TETR), even though they appeared to qualify for it.