IRS Sitting on $1.4 billion in Refunds from Unfiled 2015 Tax Returns

0

As tax season kicks into full gear the IRS recently reminded folks that they are sitting nearly $1.4 billion in tax refunds from an estimated 1.2 million taxpayers who did not file a 2015 Form 1040 federal income tax return.  However, in order to claim these refunds taxpayers must file their 2015 tax returns with the IRS no later than Monday, April 15 (except for taxpayers in Maine and Massachusetts, who have until April 17).  Interestingly, there’s no penalty for or filing a late return if you’re due a refund.

“We’re trying to connect over a million people with their share of $1.4 billion in potentially unclaimed refunds for 2015,” said IRS Commissioner Charles Rettig.

Click here to read the full release at the IRS website.

 

About Author

Director of Education & Outreach, National Real Estate Investors Association

Comments are closed.