Did You Get Your Money?
Believe it or not, there is over $266 million in tax refunds that the IRS can’t seem to give away! Did you get yours?
The IRS is looking for more than 279,000 taxpayers who are missing their economic stimulus checks totaling about $163 million, and more than 104,000 taxpayers who are missing their regular refund checks totaling about $103 million.
What’s the problem?
These refund checks were returned by the U.S. Postal Service due to mailing address errors. If you moved since you filed your tax return, or if the address on your tax return is wrong, the IRS may owe you money!
Economic Stimulus Checks
Everyone who has a stimulus check owed to them needs to update their address with the IRS by Nov. 28, 2008. By law, economic stimulus checks must be sent out by Dec. 31 of this year. The undeliverable economic stimulus checks average $583 each.
The “Where’s My Stimulus Payment?” tool on the IRS’s website is the quickest and easiest way to check the status of a stimulus check and receive instructions on how to update your address on their records.
Regular Refunds
The regular refund checks that were returned to the IRS average $988 each. These checks are automatically resent once the address is updated.
If you need to update your address with the IRS, you only need to do it once. The IRS will then send out all checks due.
To update your address, use the “Where’s My Refund?” tool on the IRS website. You can also use it to check the status of your refunds. You’ll need to supply your social security number, filing status and amount of refund shown on your 2007 federal tax return.
Since time is short for getting out the lost Economic Stimulus checks, the IRS has also made this Audio file availabe to help get the word out.
So if you haven’t received yours yet, be sure and contact the IRS pronto and claim your dough.
Explore posts in the same categories: Articles, News Flash, Tax Smarts