December 06, 1995
Thousands of Taxpayers Due Refunds
WASHINGTON - Over 97,700 taxpayers have yet to receive their
1994 refund checks according to the Internal Revenue Service. The
undeliverable refunds total over $81 million, an average of $834 per
check.
These refund checks were returned by the Postal Service because
they were unable to deliver them. Many taxpayers move and do not
give IRS their new address and thousands of other refund checks have
incorrect names or addresses.
The IRS says many taxpayers can avoid delays in getting their
refund by sending IRS a change of address -- Form 8822 -- when they
move. Also, taxpayers who file electronically can have their refund
deposited directly into their bank account. This year, for the first
time, taxpayers who file paper returns will have the option of
direct deposit by filing Form 8888 with their return. Direct deposit
eliminates the possibility of lost, stolen or undeliverable refund
checks.
Though every year there are thousands of undeliverable refunds,
the total is small compared to the total number of refunds. Last
filing season 79 million refunds were delivered averaging $1,175.
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