Does the IRS Owe You Money?

The nation’s tax collecting agency is searching for certain taxpayers. It seems that these citizens have moved or the IRS is having trouble reaching them at their current address. This is regarding the matter of a certain unreceived check and needs to be cleared up ASAP.

But names in the “Pay to the order of” section of these checks are the taxpayers’. These are refund checks that we’re talking about. This is a problem that the IRS encounters every year: undeliverable refund checks.

Although the checks only account for less than one tenth of one percent of all the refunds issued, they do represent and impressive $110 million in unclaimed money.

In their recent press release about their search, the IRS makes some suggestions for avoiding this problem in the future. First is to always notify the IRS and the Post Office when you have a change of address. Second is to set up direct deposit for refunds.

Could you be one of the taxpayers that the IRS is looking for? Check out the IRS’s “Where’s My Refund” page to see.