which are available for the three-year period between March 2003 and July 2006.
The feds have got it wrong yet again! The burden of proof will require companies and individuals to hire consultants (like me) and also pay significant fees to phone service companies for retrieving their old records. Obviously, it will cost time and money to sift through the records to determine the tax overpayments. For instance, the Journal noted that companies such as Wal-Mart and Alcoa have thousands of phones lines provided by several different companies that have to be dissected.
Searching for proof of overpayment is a bear of a project, especially for small companies. But the IRS claims that once the paperwork is in order, the refunds will be paid. Anyone who has ever worked with the telcos knows just how time-consuming and difficult it is to get timely responses these days. This enormous additional burden on already over-burdened and oft times poorly-skilled phone company resources would likely be the proverbial, "straw that broke the camels back".
In my opinion, the federal government has once again stuck it to us taxpayers. Maybe it is just their way of getting back at us for winning the court battle.
A better solution would be for the federal government to hire consultants to develop a standardized formula based on annual telecom spend or some other easily obtained and reasonable measure. Some companies might get a little less and others a little more than they would otherwise be entitled to but overall everyone would likely get back a lot more than they will under the current proposed solution.
But do I know, I am just one of millions of unfairly burdened tax payers.
Frank Stoczko
TeamNCTY, Inc.
www.TeamNCTY.com
www.LowerPhoneBills.net
www.DoVoIPNow.com
Frank
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