“We want to make sure taxpayers get the money owed to them,” said IRS Commissioner Doug Shulman. “If you think you are missing a refund, the sooner you update your address information, the quicker you can get your money.”
Sorry, buddy, no interest earnings for you. And, no we won't tell you how you could have saved more on your taxes, either. What do you think we do around here? Serve the Public?!! LOL
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Sunday, November 21, 2010
IRS Seeks To Return USD164m To Taxpayers
Information provided on this site is for general guidance only and
is often simplified. Actual IRS procedures are complex, and taxpayers
should obtain professional assistance or use IRS sources for complete
The US Internal Revenue Service is looking to return USD164.6m in
refund checks to 111,893 taxpayers that could not be delivered because of mailing
“We want to make sure taxpayers get the money owed to them,” said
IRS Commissioner Doug Shulman. “If you think you are missing a refund,
the sooner you update your address information, the quicker you can get your
Undelivered refund checks average USD1,471 this year, compared to USD1,148
last year. Some taxpayers are due more than one check.
The average dollar amount for returned refunds rose by just over 28% this year,
possibly due to recent changes in tax law which introduced new credits or expanded
existing credits, such as the Earned Income Tax Credit.
While only a small percentage of checks mailed out by the IRS are returned
as undelivered, the agency urged taxpayers to eliminate the risk of undelivered
checks by using direct deposit when they file either paper or electronic returns.
This way, taxpayers can receive refunds directly into their bank.
The IRS also recommends that taxpayers file their tax returns electronically,
because e-file eliminates the risk of lost paper returns. E-file also reduces
errors on tax returns and speeds up refunds.
IRS Seeks To Return USD164m To Taxpayers,Read more at www.usa-tax-news.com
by Leroy Baker, Tax-News.com, New York
Friday, November 19, 2010