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Feb 03

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IRS still holding lots of last year’s refunds

The Internal Revenue Service recently reported that it is holding $153.3 million in undelivered tax refund checks that is owed to 99,123 taxpayers. That is an average undelivered refund of almost $1,550. These refunds could not be delivered to the taxpayers because of mailing address errors.

A natural time to check to see whether you received last year’s refund is when your current return is being prepared. Taxpayers can check the IRS website “Where’s My Refund” to see if you have money owed and instructions regarding next steps to take.

 

About the author

David Nolte

I am a founding principal of Fulcrum Inquiry, an accounting and economic consulting firm that performs damage analysis for commercial litigation, forensic accountings, financial investigations, and business valuations. I am a Certified Public Accountant (CPA) and an Accredited Senior Appraiser (ASA), as well as having other professional credentials. I regularly serve as an expert witness involving damages measurement. My litigation-oriented resume is on Fulcrum's website.

Permanent link to this article: http://betweenthenumbers.net/2012/02/irs-still-holding-lots-of-last-years-refunds/

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