Tag Archives: refunds
Taxpayers to forfeit more than $1 billion in refunds – Are you one of them? The IRS disclosed there will be more than $1 billion in federal tax refunds forfeited this year if taxpayers don’t claim them by April 18. The IRS disclosed there will be more than $1 billion in federal tax refunds forfeited this year if taxpayers don’t claim them by April 18. Refunds have to be claimed …Read More
Prepare Now for Future Refund Delays – IRS now required to delay refunds to many taxpayers As part of recent tax legislation, the IRS is now mandated to delay sending out some refunds to taxpayers beginning with 2016 tax returns. If impacted, you will need to plan for this delay. Topline: If next year’s tax return claims an Earned Income Tax Credit or the Additional Child Tax Credit your refund …Read More
Each year the IRS pulls back money for unclaimed refunds. The amounts are not trivial, as the unclaimed refunds for 2009 are over $900 million. Here is what you need to know. Last week the IRS announced it is holding $917 million in unclaimed refunds for the 2009 tax year. If the claims for these unpaid refunds are not made by April 15th the refunds will no longer be available. …Read More