$110 Million in Refund Checks
The IRS just announced that it is looking for 115,478 of taxpayers who are owed tax refunds totaling $110 million. Due to the IRS not having the correct addresses of taxpayers who had potentially recently moved/changed addresses, the checks were returned marked by the Postal Service as being undeliverable. The average refund check is approximately $950 and are claimable ASAP by the recipients who are due them. In fact, the IRS also announced that several taxpayers had more than one check waiting.
The IRS wants to give the money back to the taxpayers ASAP and is doing what it might to contact all concerned. If you think you might be one of these who is still missing your refund or you know someone who is, go to the IRS’s web-site at www.IRS.gov and utilize the “Where’s My Refund?” tool to check on the status of your refund. Here you can resolve most of the problems you/the IRS might be having in speeding your refund to you. Taxpayers can also assess the IRS regarding their refund by calling 1-800-829-1954.
FYI, the number of undeliverable refunds are relatively insignificant to the total of all refunds as the IRS processes nearly 105 million refunds totaling about $240 billion either by mail or direct deposit.
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