- Days left
The Internal Revenue Service has about $266 million sitting around, waiting to be retrieved by you. The agency says that 279,000 economic stimulus checks never got to taxpayers ($163 million) and 104,000 tax refunds never made it there either ($103 million). The most common reason taxpayers don't get receive their checks? Address typos or taxpayers who moved without forwarding their mail.

The average stimulus check sitting around waiting to be claimed is $583. That money might come in handy, especially with the current economic turmoil. If you think you might be entitled to a check, you can use this tool on the IRS website to check your stimulus check status and update your address. There's a similar tool for those missing tax refunds.

Remember that when it comes to the IRS, the taxpayer generally bears the full burden of making sure records are accurate. That means if you move, it's your responsibility to notify the IRS. Having the the correct address on file with the agency ensures that you'll get any notices or money in a timely fashion. If you need to update your address with the IRS, you can follow the instructions on this page.

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.

Increase your money and finance knowledge from home

Advice for Recent College Grads

Prepare yourself for the "real world".

View Course »

What is Inflation?

Why do prices go up?

View Course »

TurboTax Articles

A Brief History of Income Taxes

Did you know President Abraham Lincoln, one of America's most beloved leaders, also instituted one of its least liked obligations - the income tax? In this brief history of taxes, see the historical events which shaped income taxes in the United States today.

What Is a Schedule M IRS form?

Note: The content of this article applies only to taxes prepared for 2009 and 2010. It is included here for reference only. In order to take the making work pay tax credit, the IRS requires you to prepare a Schedule M with your federal tax return.

Video: Tax Filing Requirements for Children

Depending on how much money they made during the year, your children may very well have to file for taxes. Learn about tax filing requirements for children with help from TurboTax in this video on tax tips.

Add a Comment

*0 / 3000 Character Maximum