Monday, November 19, 2007

IRS Has $110 Million In Unclaimed Refunds

According to the latest IRS news release, there are 115,478 taxpayers that are owed refunds from the IRS totaling over $110 million. The refunds averaging $953 per person were returned to the IRS as undeliverable, leaving the IRS no way to get the checks to their rightful owners. "Taxpayers should not miss out on getting their money back," said Richard Morgante, commissioner of the IRS Wage and Investment Division. "The IRS makes it as easy as possible for taxpayers to update their addresses and claim their refunds." Some taxpayers even have multiple checks waiting for them from numerous years back. The IRS is now encouraging taxpayers who think they should have received a refund to use the " Where’s My Refund?" tool on Taxpayers can also access a telephone version of "Where’s My Refund?" by calling 1-800-829-1954.

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