Instructions For Form 8913 - Credit For Federal Telephone Excise Tax Paid

Line From

Interest Start Date

Interest Factor

Step 3. Figure Your Credit or Refund for Each

Form 8913

Period

Line 1

August 1, 2003

.260351533

•

In column (b) of the worksheet below, enter the

telephone expenses paid or accrued from your books and

Line 2

November 1, 2003

.245625746

records that were billed for the period in column (a). You

Line 3

February 1, 2004

.233142332

may determine your telephone expenses for each month

during your tax year by dividing your annual telephone

Line 4

May 1, 2004

.220072831

expenses for that tax year by 12.

•

Line 5

August 1, 2004

.205856373

In column (c) of the worksheet below, enter the rate from

Step 2, line 10.

Line 6

November 1, 2004

.192782734

•

In column (d) of the worksheet below, multiply column (b)

Line 7

February 1, 2005

.177872636

by column (c). Enter the result on the corresponding line in

column (d) of Form 8913.

Line 8

May 1, 2005

.162644579

Line 9

August 1, 2005

.145195286

(a) Period

(b) Telephone

(d) Tax Credit or

Expenses

From

Refund (column

Line 10

November 1, 2005

.127050415

(including all

Step 2,

(b) x column (c))

fees and taxes) Line 10

Line 11

February 1, 2006

.107341197

1. March 2003 –

Line 12

May 1, 2006

.088602722

May 2003

Line 13

August 1, 2006

.068658029

2. June 2003 –

Line 14

November 1, 2006

.047327318

Aug. 2003

Interest factors are not provided in these instructions for

3. Sept. 2003 –

other taxpayers. Tables of interest rates to figure interest on

Nov. 2003

overpayments for other taxpayers are available in Rev.

4. Dec. 2003 –

Proc. 95-17, 1995-1 C.B. 556. The applicable interest rates

Feb. 2004

for overpayments in effect for periods through December 31,

2006, are shown in Rev. Rul. 2006-49, 2006-40 I.R.B. 584,

5. March 2004 –

which is available at

May 2004

For periods after December 31, 2006, use the applicable

6. June 2004 –

overpayment rate under section 6621(a)(1) in the quarterly

Aug. 2004

revenue rulings published in the Internal Revenue Bulletin.

7. Sept. 2004 –

Interest must be figured using the interest start date

Nov. 2004

shown in the table above. The interest ending date is 45

days after the later of the original due date or the date you

8. Dec. 2004 –

file your return.

Feb. 2005

Including the Credit or Refund in

9. March 2005 –

May 2005

Income

10. June 2005 –

You must report as interest income in the year received or

Aug. 2005

accrued the part of your credit or refund attributable to

11. Sept. 2005 –

interest, from line 15, column (e). If you deducted any

Nov. 2005

telephone excise tax paid, you also must include in gross

income in the year received or accrued the smaller of the

12. Dec. 2005 –

amount deducted or the rest of your credit or refund, from

Feb. 2006

line 15, column (d), except to the extent the deduction did

13. March 2006 –

not reduce federal income tax.

May 2006

Amended Return

14. June 2006 –

July 2006

You must complete another Form 8913 in full if you are

amending a previously filed Form 8913. On the corrected

Form 8913, use the same interest start date and ending

Do not complete columns (b) and (c) on Form 8913.

date that were required to be used on your original

Complete column (e) and the rest of Form 8913 using these

Form 8913. Attach both a copy of the original Form 8913

instructions.

and the corrected Form 8913 to the applicable amended

return. Write “Amended TETR” at the top of the corrected

Lines 1–14, Column (e)

Form 8913 and the amended return.

Individuals also may file an amended return changing

All taxpayers must figure the interest due on the credit or

from the standard amount to the actual amount of credit or

refund for each period. If you are an individual, estate, trust,

refund. Attach Form 8913 to Form 1040X and state that you

or partnership (except an electing large partnership) and you

are changing from the standard amount to the actual

are filing a calendar year return on or before its original due

amount of credit or refund. Write “Amended TETR” at the

date, multiply the amount of tax on Form 8913, lines 1 – 14,

top of the amended return.

column (d), by the interest factor for the corresponding line

in the table below. Interest is computed through

May 30, 2007.

-4-

Instructions For Form 8913 - Credit For Federal Telephone Excise Tax Paid - 2006 Page 4

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