FET Consulting Services

Contact Control Point Solutions’ FET Consulting Group to discuss your FET refund strategy and how we can help you secure the maximum refund owed to your company.

What does the FET ruling mean for your company?

The Internal Revenue Service (IRS) announced that it would stop collecting federal excise tax (FET) on long-distance voice usage as well as certain line items pertaining to cellular service, teleconferencing and calling cards.  Furthermore, they will issue a credit refund plus interest on FET paid between March 1, 2003 and July 31, 2006. 

Your company is eligible to receive 100% of the FET dollars paid over the past 41 months – plus interest!  In order to claim your refund, you must submit full evidence of your FET expenditures as part of your 2006 Federal income tax filing. 

Are there risks associated with filing incorrectly?

Yes.  Compiling the data and completing the paperwork is arduous, complex, and risky.  Incorrect or missing data could result in the loss of thousands of dollars due to your company as well as potential penalties of overstated refunds.

See below for the link to the latest IRS Newsletter:
“Some Telephone Tax Refund Requests May Be Too High; IRS Will Deny Improper Requests.”

What critical steps must my company take to ensure that our filing will withstand IRS audit scrutiny?

• Gather invoices from pertinent services from the past 41 months (or some portion thereof).
• Analyze all invoices to determine exempt from non-exempt.
• Schedule FET totals on spreadsheets.
• Copy and assemble tax reports.
• Document methodologies used to arrive at FET figures.
• Document eligibility determinations.
• Validate the quarterly IRS interest calculations
• Make preparations to respond to subsequent IRS inquiries.

How can Control Point Solutions help you?

Control Point Solutions, Inc. has the people, process, and technology to ensure that your company submits a complete and accurate accounting of FET dollars spent in order to obtain the maximum credit refund.  We possess the deep understanding of FET issues, as well as the experience and expertise, to quickly and effectively assess charges, extract appropriate information from billing documentation, and make estimates in accordance with IRS standards.  We also provide the documentation to support every claim.