Tax Tip # 4

Does IRS owe you money?

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I am sharing a partial email I received from the IRS! They have excess unclaimed and undeliverable refunds! They will keep these funds after three years from the due date of the return and YOU LOOSE YOUR MONEY! This starts a portion of their notice:

Who couldn’t use a little extra cash this summer! The IRS may have some money for you.

If you have not filed a prior year tax return and are due a refund, you should consider filing the return to claim that refund. If you are missing a refund for a previously filed tax return, you should contact the IRS to check the status of your refund and confirm your current address.

Unclaimed Refunds

Some people may have had taxes withheld from their wages but were not required to file a tax return because they had too little income. Others may not have had any tax withheld but would be eligible for the refundable Earned Income Tax Credit.

To collect this money a return must be filed with the IRS no later than three years from the due date of the return.

If no return is filed to claim the refund within three years, the money becomes the property of the U.S. Treasury.

There is no penalty assessed by the IRS for filing a late return qualifying for a refund.

Undeliverable Refunds

Were you expecting a refund check but didn't get it?

Refund checks are mailed to your last known address. Checks are returned to the IRS if you move without notifying the IRS or the U.S. Postal Service.

You may be able to update your address with the IRS on the “Where’s My Refund?” feature available on IRS.gov. You will be prompted to provide an updated address if there is an undeliverable check outstanding within the last 12 months.

You can also ensure the IRS has your correct address by filing Form 8822, Change of Address


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This website contains information related to law and is NOT LEGAL advice. It contents is for information only. If you need legal advice, please consult an attorney or act as your own.
All documents typed are prepared by Rica Gilmore.

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