Extra Money Waiting to be Claimed


        The IRS is doing their best to make Taxpayers aware that there is about $1 Billion in unclaimed refunds from 3 years ago. So there are a number of people who did not file a Tax Return in 2013 and have until April 18, 2017 to claim what is theirs. After this date, the funds become property of the US Treasury. There is no penalty for filing a late Tax Return if you are due a Refund. Would you like to find out how?

          A Federal Tax Return must be filed, and it must be the correct form used at that time. They must also use all the correct financial information from the year 2012, which may take a little effort. Often, those who find themselves in these situations are those who did know they qualified for tax credits, or thought they made too little to file a Tax Return. It might be worthwhile to see if your refund is part this $1 Billion.
          It’s estimated that California, Texas, and Florida are the states with the highest number of Tax Refunds to be claimed. Those living in Alaska and Wyoming would be owed the most. This might be a situation where a Tax Professional could bring things into focus. What do you think?

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