TELECOM Digest OnLine - Sorted: Verizon Stops Tax Collection

Verizon Stops Tax Collection

Reuters News Wire (reuters@telecom-digest.org)
Tue, 01 Aug 2006 11:44:48 -0500

Verizon stops excise tax on long distance, bundles

Verizon Communications said on Tuesday it stopped collecting a 3
percent federal excise tax on monthly bills for long-distance services
and those bundled with wireless and Web-based services.

Verizon said the change, effective Tuesday, follows a decision by the
Internal Revenue Service (IRS).

Customers will be able to obtain a refund or credit from the IRS on
their 2006 federal income tax returns, the company said.

Copyright 2006 Reuters Limited.

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