Deadline Approaching for 2006 Refunds

Individuals have until April 15, 2010, to file an original or amended tax return for 2006 and receive a refund from that year. The IRS says it has about $1.3 billion in reserve for people who still need to file their 2006 returns.
Additionally, taxpayers had a special one-time-only tax credit available to them in 2006. It was called the telephone excise tax refund. Basically this is a tax credit available to anyone who had telephone service, whether landline or mobile, and represents a refund of excise taxes that were ruled unconstitutional. In reviewing previous atax returns for clients I have noted that some failed to request this tax credit. So as a tip to my readers, I would suggest pulling out a copy of your 2006 tax return to see if you took this credit. If you did not, you can file an amended tax return using Form 1040X to request additional money back from the government. Here's what to look for on your 2006 return: see if there's a tax credit amount showing up on
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