Tags |
|
|
Links |
|
|
Article Check - Non Profit Organizations and Churches May Be Due the One-Time Telephone Tax Refund
Find target customer – For making a quick profit with advertising online, the first step is the finding target market for your product and services. When you find out which is your target market, who are probably going to buy your product and services, then you can go ahead with a plan for that target customer and market.Choose the style of the advertisement – For fast advertising online, you need to act in a planned and effective manner. Choose what type of advertisement you want. Do you want a banner ad or a pop up or something more effective, like the PPC etc? Decide the style of advertisement and then proceed to t
Carry the total amount figured on Form 8913 to Form 990-T, Line 44f. Follow the instructions for completing the rest of Form 990-T. Normally, Form 990-T is used by organizations to report business activities unrelated to their tax-exempt purpose and figure the tax on these activities. If, like most organizations, you do not e
Seven Questions to Improve Your Business, Your Relationships, and Your Life One of the most powerful tools we have as humans is our ability to ask questions. The more adept we are at asking them (and waiting for and listening to the answers), the more effective we will be. Here are seven great questions to use everyday. 1. Why? Asking “why?” is a powerful way to gain an understanding of the causes of problems we encounter. Ask the question again and again to uncover the root causes of your problems. 2. What did I learn? This most basic reflective question is k
According to IRS, many churches, charities and other tax-exempt organizations are due the one-time telephone excise tax refund.
Nonprofits, who must file their annual taxes by May 15 are urged to request this refund if they paid the federal excise tax on long-distance or bundled telephone service.
The telephone tax refund is also available to churches and small tax-exempt organizations that don’t normally file annual returns with the IRS.
The government stopped collecting the long-distance excise tax last August after several federal court decisions held that the tax does not apply to long-distance service as it is billed today. Federal officials also authorized a one-time refund of the 3 percent tax collected on long-distance or bundled service billed after Feb. 28, 2003, and before Aug. 1, 2006. The tax continues to apply to local-only phone service.
Organizations can request the refund by filing Form 990-T, Exempt Organization Business Income Tax Return and attaching Form 8913, Credit for Federal Telephone Excise Tax Paid. Organizations that obtain a credit or refund from their service providers are not eligible to file a refund request with the IRS.
If your church or organization paid the tax, IRS has provided tips to help you figure the refund:
Start by filling out Form 8913. This form is used to figure the refund, including interest. Current interest factors for corporations, including tax-exempt organizations, can be found on the telephone excise tax refund page on IRS.gov.
You have two choices for figuring the refund. Base your request on the actual amount of tax paid on service billed from the beginning of March 2003 to the end of July 2006, using your phone bills or other records, or estimate the amount of tax paid using a worksheet included in the instructions for Form 8913. Choosing to use the estimation worksheet may save time and paperwork, especially if you lack ready access to complete phone records for the past few years. If you file Form 990, Return of Organization Exempt From Income Tax, the amount you entered for telephone expense on Line 34 may help you figure the credit. Publication 4589, TETR for Exempt Organizations, helps explain these calculations.
Carry the total amount figured on Form 8913 to Form 990-T, Line 44f. Follow the instructions for completing the rest of Form 990-T. Normally, Form 990-T is used by organizations to report business activities unrelated to their tax-exempt purpose and figure the tax on these activities. If, like most organizations, you do not en
You can get a lot more leverage from your business networking efforts if you work on building relationships with strategic alliance partners. When done effectively you’ll get more regular and predictable referrals from these strategic alliances then from any other source.In just about any business there are natural referral partners. A real estate agent needs a mortgage broker and an inspector. A financial planner needs a CPA or accountant and an attorney. A graphic designer might need a marketing consultant or a copy writer. You get the picture.By finding a core group of these complimentary businesses you can a
Organizations can request the refund by filing Form 990-T, Exempt Organization Business Income Tax Return and attaching Form 8913, Credit for Federal Telephone Excise Tax Paid. Organizations that obtain a credit or refund from their service providers are not eligible to file a refund request with the IRS.
If your church or organization paid the tax, IRS has provided tips to help you figure the refund:
Start by filling out Form 8913. This form is used to figure the refund, including interest. Current interest factors for corporations, including tax-exempt organizations, can be found on the telephone excise tax refund page on IRS.gov.
You have two choices for figuring the refund. Base your request on the actual amount of tax paid on service billed from the beginning of March 2003 to the end of July 2006, using your phone bills or other records, or estimate the amount of tax paid using a worksheet included in the instructions for Form 8913. Choosing to use the estimation worksheet may save time and paperwork, especially if you lack ready access to complete phone records for the past few years. If you file Form 990, Return of Organization Exempt From Income Tax, the amount you entered for telephone expense on Line 34 may help you figure the credit. Publication 4589, TETR for Exempt Organizations, helps explain these calculations.
Carry the total amount figured on Form 8913 to Form 990-T, Line 44f. Follow the instructions for completing the rest of Form 990-T. Normally, Form 990-T is used by organizations to report business activities unrelated to their tax-exempt purpose and figure the tax on these activities. If, like most organizations, you do not e
Job security is an out dated concept. The idea is nice: The longer an employee works for a particular company, the more valuable that person becomes to the company in question. But the reality of the current job market is a different story. Every day in the U.S., employees are forced into early retirement, laid off, or fired as a result of corporate down-sizing, mergers, and re organizational bankruptcy.An employee was once valuable to the company because they graduated from college, got a degree, and/or had determination for hard labor. In the past, it was all right to become comfortable with your position. In today's
If your church or organization paid the tax, IRS has provided tips to help you figure the refund:
Start by filling out Form 8913. This form is used to figure the refund, including interest. Current interest factors for corporations, including tax-exempt organizations, can be found on the telephone excise tax refund page on IRS.gov.
You have two choices for figuring the refund. Base your request on the actual amount of tax paid on service billed from the beginning of March 2003 to the end of July 2006, using your phone bills or other records, or estimate the amount of tax paid using a worksheet included in the instructions for Form 8913. Choosing to use the estimation worksheet may save time and paperwork, especially if you lack ready access to complete phone records for the past few years. If you file Form 990, Return of Organization Exempt From Income Tax, the amount you entered for telephone expense on Line 34 may help you figure the credit. Publication 4589, TETR for Exempt Organizations, helps explain these calculations.
Carry the total amount figured on Form 8913 to Form 990-T, Line 44f. Follow the instructions for completing the rest of Form 990-T. Normally, Form 990-T is used by organizations to report business activities unrelated to their tax-exempt purpose and figure the tax on these activities. If, like most organizations, you do not e
G'day ladies and gentlemen,This is Sorna Devadas here, writing my first article for the Internet. I have personally designed and developed around 15 websites for paying customers that have all been thrilled with the results and now I'm learning how to build my own websites that make money for me :-) You may have read alot about affiliate marketing and building websites that make you money while you sleep. There are so many strategies that you'll hear bits and pieces about so here's one concept that stuck with me, as I read more into this fertile opportunity, the basic sales process. When attracting visitors to your web
You have two choices for figuring the refund. Base your request on the actual amount of tax paid on service billed from the beginning of March 2003 to the end of July 2006, using your phone bills or other records, or estimate the amount of tax paid using a worksheet included in the instructions for Form 8913. Choosing to use the estimation worksheet may save time and paperwork, especially if you lack ready access to complete phone records for the past few years. If you file Form 990, Return of Organization Exempt From Income Tax, the amount you entered for telephone expense on Line 34 may help you figure the credit. Publication 4589, TETR for Exempt Organizations, helps explain these calculations.
Carry the total amount figured on Form 8913 to Form 990-T, Line 44f. Follow the instructions for completing the rest of Form 990-T. Normally, Form 990-T is used by organizations to report business activities unrelated to their tax-exempt purpose and figure the tax on these activities. If, like most organizations, you do not e
Choosing a paper shredder can be complicated enough with the hundreds of models to choose from, but throw in paper shredder lingo and the process becomes even more frustrating. The following terms cover everything from what a paper shredder is to the definition of the recent laws that are making paper shredders more and more of a necessity.Auto On/Off - A standby mode allowing the shredding mechanism to activate when paper passes through the feed entry and stop when the document has been completely shredded.Auto Reverse - Allows a paper shredder to automatically reverse the direction of the cutting
Carry the total amount figured on Form 8913 to Form 990-T, Line 44f. Follow the instructions for completing the rest of Form 990-T. Normally, Form 990-T is used by organizations to report business activities unrelated to their tax-exempt purpose and figure the tax on these activities. If, like most organizations, you do not engage in unrelated business activities, you can just complete the top section (above Part I) of Form 990-T. Be sure to write, “Request for TETR Credit” on the top of the form.
Many cell phone customers mistakenly believe they are not eligible for the telephone tax refund. The refund is normally available to cell phone users, as well as land-line, fax and Internet phone customers. The method of phone signal transmission does not affect the refund.
The refund applies to the federal excise tax paid on both long-distance and bundled telephone service. Bundled service is local and long-distance service provided under a plan that does not separately list the charge for local service. Bundled service includes, for example, phone plans that provide both local and long-distance service for either a flat monthly fee or a charge that varies with the time for which the service is used. It is the type of service provided by many cell phone companies.
When figuring the refund, do not count amounts paid for prepaid phone cards and prepaid cell phones. Ordinarily, the customer is not liable for the federal excise tax on prepaid cards and phones and thus, not eligible to request the refund.
If you’re not sure whether you paid the tax, check the portion of your telephone bill that relates to long-distance or bundled service. Service providers use a number of different terms to identify the tax. Phrases to look for on English-language phone bills include: Federal, Federal Excise 3%, Federal Excise @ 3%, Federal Excise Tax, Federal Tax, Fed Excise Tax and FET; Spanish-language phone bills; Impuesto Indirecto Federal and Impuesto federal. Typically, this federal tax amount is not commingled with any other tax or surcharge on a customer's bill. In other words, it is normally shown as a separate line item. For information about accessing old phone records from various service providers, visit the “telephone companies” link on the Telephone Excise Tax Refund page of this Web site..
Use the Telephone Excise Tax Refund page on this Web site. Here, you can download forms and
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.caseupon.com/article/118544/caseupon-Non-Profit-Organizations-and-Churches-May-Be-Due-the-OneTime-Telephone-Tax-Refund.html">Non Profit Organizations and Churches May Be Due the One-Time Telephone Tax Refund</a>
BB link (for phorums):
[url=http://www.caseupon.com/article/118544/caseupon-Non-Profit-Organizations-and-Churches-May-Be-Due-the-OneTime-Telephone-Tax-Refund.html]Non Profit Organizations and Churches May Be Due the One-Time Telephone Tax Refund[/url]
Related Articles:
Livin' Up Your Web Site: Direct Connect with Your Fans
Create A Small Business Web Site -- Your Options
Do This One Thing to Create a Powerful Product-Selling Web Site
Bookmark it:
|