Unclaimed IRS refunds:
In 2004, the IRS had 88,000 income tax refund checks totaling more $75 million -- 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. In addition, each year approximately $450,000,000 million in IRS refund checks that are delivered but are uncashed each year.
Also according to the Internal Revenue Service, more than $2 billion in unclaimed refunds are awaiting about 1.7 million people who failed to file an income tax return in the past three years. However, in order to collect the money, a return must be filed with an 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 more than $584. 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 2002 returns, the window closed on April 15, 2006. 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.
Our database contains nearly 100,000 of unclaimed or undeliverable IRS refunds from the past 3 years and our resources offer these refunds for many localized regions to assist you.
Perform a Free Trial Money Search
Click here
|