The IRS Has Expiring Tax Refunds To The Tune Of 917 Million
With over $917 million in expired tax refunds to manage, the IRS is hoping that Americans everywhere will be filing their past tax returns. More specifically, the IRS is hoping that Americans will file their 2009 taxes. The expiring tax refunds must be filed and claimed no later than April 15th of this year. If you didn’t file in ’09 and you want to find out if you are owed some of that dough, you are encouraged to file as quickly as possible. Time is running out for you to find your expiring tax refunds.
Find Your Expiring Tax Refunds
Now that the IRS has let the cat out of the bag about the $917 million, there’s a good chance that many Americans will take their chances and file. Keep in mind that you must also file for 2010 and 2011 in order to be eligible to receive expired tax refunds. Furthermore, if you find your expiring tax refunds and you have overdue student loans or, gasp, an overdue bill to the IRS itself, you can kiss those expiring tax refunds goodbye. So even if you were originally entitled to a large chuck of money but went a few years without recovering or claiming it, it may be too late. Let’s say between the time of you not collecting a large tax refund or refunds, you loose your business or an ex spouse takes everything in the divorce. Now all of a sudden your old situation has changed and you find that you lost out on a great opportunity to claim your own expiring tax refund, you start to realize what a big mistake this actually was.
This is just one of the scenarios that plays out in these kinds of events that keep hardworking American citizens from getting what was originally owed to them. Other situations that can happen are almost anything you can think of. You changed your tax exemption due to a marriage or maybe even having children. In this case you would be entitled to a much larger refund based off of incentives like marriage and children that the government offers for one time tax breaks. Then something happens and you get divorced or are no longer the one legally allowed to claim any dependents. The list of these types of lousy situations goes on and on. Then you have the people who just don’t realize that they have expiring tax refunds out there of even what else they may have out there under their name, until it’s too late.
However, if you are in good standing with the feds, you don’t owe anything on student loans and you didn’t file in 2009, but you’re about to, you may find that you are owed some amount over $500. That’s right, the IRS claims that over half of the expired tax refunds on record are over five-hundred bones and you could be part of that large group of people.
To find your expiring tax refunds, you can file your taxes on the 15th or you can use your first and last name and search for any money owed to you using the Find Unclaimed Money database. The search works nearly instantly and you won’t have to send a single thing to the IRS. Of course, you are encouraged to file your taxes as required by law. There’s the whole required by law thing to contend with, after all. Still, even if you’re just curious to see if you have expiring tax refunds, search for your chance to find expired tax refunds before they expire forever on April fifteenth of this year.