Can You Hear Me Now?
Don't know how we missed this story (from TaxProf Blog). Go read it all, you might be owed money:
- The Treasury Department and IRS announced this morning (25 May 06) that after losing in five circuit courts of appeals, the Government is throwing in the towel and will no longer seek to enforce the 3% excise tax on long-distance telephone calls enacted during the Spanish-American War of 1898 as a "luxury" tax on wealthy Americans who owned telephones. The IRS will issue $15 billion in refunds to consumers for long-distance telephone service taxes paid over the past three years
You know what this means? We FINALLY kicked Spain's ass! USA! USA! USA!