Posted by: youngragingbull | March 14, 2013

Unclaimed 2009 tax refunds total $917M: IRS

Attention American Readers: The Internal Revenue Service says it has $917 million in unclaimed tax refunds from 2009 and time is running out for citizens to claim them!

The IRS said Thursday that refunds in excess of $500 per person are owed to nearly 1 million people who failed to file returns for 2009. Taxpayers must file their 2009 returns by April 15 to claim their refunds or else the money becomes property of the U.S. Treasury.

The IRS said there is no penalty for filing a late return that qualifies for a refund. But the agency added that refunds may be delayed if taxpayers also failed to file returns for 2010 and 2011.

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