The Treasury Department is working on a plan to stop collecting the federal excise tax on phone service and refund billions to consumers and businesses. The move comes at a time when the courts have consistently ruled that the government is misapplying the 3 percent tax and ordered refunds to companies that have sued over the charges. More suits are pending.
To read more about a potential refund on the federal excise tax:
- check out this article from The Wall Street Journal (sub. req.)