Through our organization’s experience advising clients on FCC Form 499 revenue reporting requirements we have witnessed the considerable confusion surrounding the proper approaches to reporting revenue derived from Interconnected VoIP (“I-VoIP”) bundles and certain common features, functionalities and corollary services which are frequently offered in conjunction with I-VoIP services. Upon consideration of the complex I-VoIP service provider FCC Form 499 revenue reporting challenges frequently encountered by our clients, we decided to prepare this Memorandum to address a few common and critically important revenue reporting issues. These fall into two, discrete areas: (1) classification and revenue reporting related to “vertical call features” and other non-telecom components of an I-VoIP “bundle” and (2) classification and revenue reporting related to “peripheral” services commonly sold in conjunction with I-VoIP services.
FORM 499 REVENUE REPORTING PRIMER SERIES:
Clients with specific questions regarding the regulatory treatment of their products and services or seeking guidance on how best to report revenue thereon should contact the attorney assigned to their account.