Telecom Excise Tax Recovery (TETR)
Even before the IRS was ordered to stop assessing federal excise tax on time and distance dependent telecom services, Diversified was helping companies file protective claims to eventually recover this illegal tax. After the IRS lost its court battles and announced their (flawed) methods for recovery, we created our own unique methodology that has allowed clients to recover two-to-five times more tax than would have been possible using the IRS-prescribed methods. In fact, our process was eventually praised by the IRS as a more efficient and comprehensive alternative to their previously prescribed methods. Although the statute of limitations for this recovery has now passed, to date we have helped over 300 Fortune 1000 companies recover more than $150 million in refundable telecom excise tax.