Search
Recent Comments
    • Candy on Budget Crisis, Red Tape and teenage crushes...
      “@Shawn - Money can apparently buy a LOT of happiness - and it seems to come in the form of pills and smoke-able items. *sigh* (yeah, sure you didn'”
    • Shawn Powers on Budget Crisis, Red Tape and teenage crushes...
      “It always amazes me the number of overdoses and suicides in the celebrity death pool. I mean, I know, "Money can't buy happiness" -- but you'd think ”
    • Candy on Phooey on social media privacy
      “Justin - ah, so you keep separate accounts - how much bleeds over though? Do you think people pay attention to DuckDuckBlue? Or just to JustinRyan? Do”
    • Justin on Phooey on social media privacy
      “I doubt I have to tell you, but I'm in the "let it all hang out" camp. (Despite vicious rumors of being obsessively private.) My feeling is, I am wh”
    • Candy on Phooey on social media privacy
      “I guess my point is... if an employer is going to delve that deeply into someone's stuff as to look back through their wife's silly twitter account, d”

Archive for February, 2007

PostHeaderIcon Government Gets Excess Excise from Businesses

Keep in mind the source is a utility activism firm/site and is more than a little anti-tax and anti-utility. Having said that, the Utility Audit Company (UAC) has some pretty valid points about how the IRS is allowing businesses to compute their excise tax refund for 2006.

Check out their argument here.

The gist of it is that the IRS method is unfair since it only represents one months of the 41 months covered by the refund and business phone use often varies wildly from month to month, considerably more so than personal phone use. The only way to get a truly accurate refund is to devote time and manpower (=money!) to researching past phone records and compute the actual refund amount owed to the business.

Now, I’m not a tax person, but even to me this method seems to favor the government, particularly for smaller businesses. What happens to that unclaimed refund money rightfully belonging to American businesses? Uncle Sam gets to keep it. Am I the only one who thinks the agency that most benefits from businesses not getting accurate refunds should NOT be the one allowed to decide how that refund should be calculated?