November 27, 1990
Taxpayers Owed Millions, IRS Says
WASHINGTON - How would you like an extra $569 for shopping or paying bills?
That's the average amount owed to the 72,000 taxpayers who haven't
yet claimed their 1989 federal income tax refunds.
All these taxpayers need to do is contact the IRS and the
refund check will be reissued. If you were due a refund and believe
you haven't gotten it, contact the IRS at 1-800-TAX-1040
(1-800-829-1040).
The IRS said that more than 72,000 tax refund checks, totaling
over $41 million, were returned this year by the Postal Service
because they were undeliverable. Each year thousands of checks are
returned because the addresses are incorrect or the taxpayer moved
and did not leave a forwarding address. Through publicity efforts
the IRS tries to find taxpayers who are due refunds. Sometimes,
however, the IRS has to keep the refund on the books and when the
taxpayer files another return, the earlier refund can be sent out.
Most taxpayers, the IRS noted, is filing their return
electronically and electing to have the refund deposited directly
into their bank account. Many of the 4.2 million taxpayers who
filed electronically this year opted for direct deposit of refunds
and eliminated the possibility of lost, stolen or undeliverable
refund checks.
Undelivered refund checks are not the general rule, the IRS
said. For the last filing season, nearly 76 million taxpayers
received $68 billion in tax refunds. The average refund check was
$897.
Previous | Next
1990 IRS News Releases | News Releases Main | Home
|