Vonage 2010 Annual Report Download - page 28
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v
iders of traditional public switched telephone network services
.
Althou
g
h we have consistently maintained that these Taxes d
o
not apply to our service for a variety of reasons dependin
g
on th
e
s
tatute or rule that establishes such obli
g
ations, a number of
s
tates have chan
g
ed their statutes to expressly include VoIP and
we are now collectin
g
and remittin
g
sales taxes in those states. I
n
addition, many states address how VoIP providers shoul
d
contribute to support public sa
f
ety a
g
encies, and in those states
we remit fees to the appropriate state a
g
encies. We could also b
e
c
ontacted by state or municipal taxin
g
and 911 a
g
encies re
g
ard
-
in
g
Taxes that do explicitly apply to VoIP and these a
g
encies
c
ould seek retroactive payment of Taxes. As such, we have
a
r
eserve of
$
2,803 as of December 31, 2010 as our best estimat
e
o
f the potential tax exposure for any retroactive assessment. We
b
elieve the maximum estimated ex
p
osure
f
or retroactive assess-
ments is approximately $8,000 as of December 31, 2010.
ITEM 4.
(
Removed and Reserved
)
21