|
|
04 Mar 2009
The Internal Revenue Service is holding $1.3bn (£930,000) in unclaimed tax refunds and is calling on taxpayers who failed to file a 2005 return to collect the money.
Taxpayers have until 15 April to file the outstanding returns if they want to receive the money owed, according to webcpa.com
According to Doug Shulman, IRS commissioner, the economic downturn should be incentive enough for taxpayers to submit their 2005 returns and collect the tax refund.
'Especially in these tough economic times, people should not lose out on money that is rightfully theirs… they may be leaving money on the table, including valuable tax credits that can mean even more money in their pockets,' Shulman said.
The IRS estimates that half of those taxpayers who still need to submit returns are eligible for more than $581 in refunds.
Further Reading:
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment