Is Your Refund Part Of The $1B Unclaimed?

Barry Fowler

If you haven’t filed your 2013 taxes you could have a refund among the more than $1 billion that the IRS has stated is unclaimed.

That’s right. Just recently the IRS stated that it has more than $1 billion worth of unclaimed tax refunds for people who have not filed their 2013 taxes. They indicate that there are roughly 1 million people who have not filed and have not claimed their refunds.

There’s never been a better time to make things right with the IRS if you are one in a million who hasn’t filed 2013 taxes. You have until April 18th, 2017 to get those taxes filed. According to the IRS around half of those million refunds are close to $800 while the other half are less.

Chances are if you haven’t filed 2013, you may not have filed the subsequent years either and may even have refunds waiting for 2014 and 2015 tax years. If you haven’t filed and are not entitled to a refund, you may have late fees and interest accruing. This is when a reputable tax resolution attorney can be extremely useful.

Many people may not realize they are due a refund.
Students are typically unaware and often delinquent in filing their taxes. The good thing to know is that there is no penalty for filing your taxes late when you are owed a refund.

The tax laws gives taxpayers three years to claim refunds for tax returns they have not yet filed. If you don’t file a return within that time, the refund becomes the property of the U.S. Treasury. If you would like to explore whether you are one of the million U.S. taxpayers due a refund, give us a call and let us help you properly file your taxes and claim your refund. Remember though, you only have until April 18th of this year to file.

Barry Fowler is licensed to represent taxpayers before the Internal Revenue Service (IRS) and is a longstanding member of several tax industry professional organizations including the National Association of Enrolled Agents (NAEA), National Association of Tax Preparers (NATP), Texas Society of Enrolled Agents (TSEA), and the American Society of Tax Problem Solvers (ASTPS). With experience in the tax and finance industry spanning over twenty years, Fowler’s expertise includes tax resolution, personal financial planning, tax return preparation, financial statements, and general ledger bookkeeping. He has been instrumental in helping hundreds of people resolve complex tax issues with the IRS.

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