- Days left

The IRS may be looking for you - to give you your tax refund

The Internal Revenue Service might be looking for you -- but not for the reasons that you think. The IRS is actually looking to dole out refunds worth more than $123.5 million to taxpayers whose refund checks were returned to the IRS by the U.S. Postal Service due to mailing address errors.

IRS Commissioner Doug Shulman wants taxpayers to come forward, saying, "We are eager to get this money into the hands of taxpayers, so don't delay if you think you are missing a refund. The sooner you update your address information, the quicker you can get your refund."

Updating your address with the IRS is easy. You can update your address online by visiting the "Where's My Refund?" tool on the IRS web site or use the telephone version of "Where's My Refund?" by calling 1-800-829-1954. You can also complete a Form 8822, Change of Address, downloadable as a pdf via the IRS web site or call 800–TAX–FORM (800–829–3676) to have a Form 8822 mailed to you.

The average number of undeliverable refunds rose by 16% this year, but the 107,831 refunds which remain outstanding still total less than 1% of the more than 142 million returns processed by the IRS. If you haven't received your refund, check with the IRS to see if your check was one of those returned by the post office. If it wasn't, and your check remains undelivered, you can receive a replacement check within six to eight weeks of making a claim by calling 1-800-829-1954.

Remember, a tax refund is your money. Don't leave it on the table.

Increase your money and finance knowledge from home

Managing your Portfolio

Keeping your portfolio and financial life fit!

View Course »

How Financial Planners go Grocery Shopping

Learn to shop smart and save.

View Course »

TurboTax Articles

What is IRS Form 8824: Like-Kind Exchange

Ordinarily, when you sell something for more than what you paid to get it, you have a capital gain; when you sell it for less than what you paid, you have a capital loss. Both can affect your taxes. But if you immediately buy a similar property to replace the one you sold, the tax code calls that a "like-kind exchange," and it lets you delay some or all of the tax effects. The Internal Revenue Service (IRS) uses Form 8824 for like-kind exchanges.

What are ABLE Accounts? Tax Benefits Explained

Achieving a Better Life Experience (ABLE) accounts allow the families of disabled young people to set aside money for their care in a way that earns special tax benefits. ABLE accounts work much like the so-called 529 accounts that families can use to save money for education; in fact, an ABLE account is really a special kind of 529.

What is IRS Form 8829: Expenses for Business Use of Your Home

One of the many benefits of working at home is that you can deduct legitimate expenses from your taxes. The downside is that since home office tax deductions are so easily abused, the Internal Revenue Service (IRS) tends to scrutinize them more closely than other parts of your tax return. However, if you are able to substantiate your home office deductions, you shouldn't be afraid to claim them. IRS Form 8829 helps you determine what you can and cannot claim.

What is IRS Form 8859: Carryforward of D.C. First-Time Homebuyer Credit

Form 8859 is a tax form that will never be used by the majority of taxpayers. However, if you live in the District of Columbia (D.C.), it could be the key to saving thousands of dollars on your taxes. While many first-time home purchasers in D.C. are entitled to a federal tax credit, Form 8859 calculates the amount of carry-forward credit you can use in future years, not the amount of your initial tax credit.

What is IRS Form 8379: Injured Spouse Allocation

The Internal Revenue Service (IRS) has the power to seize income tax refunds when a taxpayer owes certain debts, such as unpaid taxes or overdue child support. Sometimes, a married couple's joint tax refund will be seized because of a debt for which only one spouse is responsible. When that happens, the other spouse is said to be "injured" and can file Form 8379 to get at least some of the refund.

Add a Comment

*0 / 3000 Character Maximum