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IRS has $1.2 billion in unclaimed tax refunds

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IRS has $1.2 billion in unclaimed tax refunds

Unread postby Ferretlover » Sat 22 Mar 2008, 20:18:24

First thing I thought of when I read this, was that it was really a law enforcement sting! *giggle*
Second, just where is the government hiding this money so that it would be available...

The government estimates 1.3 million taxpayers who neglected to file a 2004 return are eligible for refunds. But they need to act soon. By MarketWatch
About $1.2 billion is sitting in IRS coffers, waiting to be claimed by the 1.3 million taxpayers who neglected to file a 2004 tax return, the tax agency said this week. …
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Re: IRS has $1.2 billion in unclaimed tax refunds

Unread postby jasonraymondson » Sat 22 Mar 2008, 20:21:12

The people would be safe, if you have a refund coming back, that means that you did not need to file. They want you to file every year, but they really only care when you owe them money.
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Re: IRS has $1.2 billion in unclaimed tax refunds

Unread postby mekrob » Sat 22 Mar 2008, 20:25:50

$this->bbcode_second_pass_quote('', 'T')he people would be safe, if you have a refund coming back, that means that you did not need to file. They want you to file every year, but they really only care when you owe them money.


This disturbs me a lot. On top of the fact that we have to report our income every year, they also seem to already know who "owes" them money and who they owe money. If they only go after the people that are indebted to them, then why not just fill out all of our paperwork for us?
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Re: IRS has $1.2 billion in unclaimed tax refunds

Unread postby uNkNowN ElEmEnt » Sun 23 Mar 2008, 04:20:59

Because paperwork doesn't show tips etc.
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