September 26, 1994
Thousands Due Extra Cash From IRS
WASHINGTON - Over 92,200 taxpayers should be delighted to hear
from the Internal Revenue Service. The IRS is trying to find them to
return almost $54 million. That is the amount of the tax refunds,
averaging $584, that could not be delivered.
These checks were returned to the IRS by the Postal Service.
Some taxpayers move and do not give IRS their new address and
thousands of refund checks have incorrect names or addresses.
The IRS said that many taxpayers can avoid delays in getting
their refunds by providing accurate information and using the
preaddressed label in their tax package. Taxpayers who move should
send IRS a change of address on Form 8822. Also, taxpayers who file
returns electronically can have their refund deposited directly into
their bank account. Direct deposit eliminates the possibility of
lost, stolen or undeliverable refund checks.
Though there are thousands of undelivered refunds each year the
total is small in comparison to all refunds issued. Last filing
season more than 75 million taxpayers received their checks on time
with the average refund being over $1000.
In order to ensure accuracy of return information and timely
refunds this coming filing season, the IRS is asking all taxpayers
to make sure they enter correct social security numbers on their
returns for themselves and their dependents. Failure to provide the
correct numbers may delay a refund check.
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