Within the past
few years, the IRS had over 88,000 income
tax refund checks totaling more $75 million
returned undeliverable. That is an
average of more than $750 per return went
undelivereable due to unreported changes of
name or address or due to a marriage, death
or divorce. Could one of those undeliveed
income tax refund checks belong to
you?
Actually that is nothing, small
potatos...additionly, each year
approximately $450 million dollars in IRS
refund checks are delivered but are
uncashed. That totals over one half a
billion dollars annually in unclaimed
Internal Revenue Service (IRS) funds. Now
if you think the IRS owes you money, you
can call their toll-free assistance line at
1-800-829-1040 or visit their web site at
http://www.irs.gov/.
However, if you have had dealings with the
IRS before, you know navigating that
bureaucracy can be somewhat
daunting.
According to the
Internal Revenue Service, there is more
than $2 billion in unclaimed refunds
awaiting over 1.7 million people who failed
to file an income tax return in the past
few years. Unfortunately there is a statue
of limitation on collecting late filed IRS
refund checks. In order to collect
the money, a return must be filed with the
IRS office no later than three years
following the year in which the return was
due to have been filed.
The IRS estimates that about half of those
who could claim refunds would receive on
average of $600 or more. Some individuals
may have had taxes withheld from their
wages, but had too little income to require
filing a tax return.
In cases where a
return was not filed, the law provides most
taxpayers with a three-year window of
opportunity for claiming a refund. If no
return is filed to claim the refund within
three years, the money becomes property of
the U.S. Treasury. For 2005 returns, the
window closed on April 15, 2009.
The law requires that these returns be
properly addressed, postmarked and mailed
by that date. There is no penalty assessed
by the IRS for filing a late return
qualifying for a refund.
Accessing
database and information that contain the
100,000's of unclaimed or undeliverable IRS
refunds from the past 3 years is something
you can do yourself if you have the time
and knowledge. If you do not, we can aid
you with resources that offer access to
these refunds for many localized regions to
assist you.
The USA Unclaimed
Money Guide helps you locate
Unclaimed IRS
refunds. state money, unclaimed tax
money and unclaimed tax refunds
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