| Verizon Stops Tax Collection |
|---|
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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