Tax Tip of the Week
900 N. Kings Highway, Cherry Hill, New Jersey 08034
856.667.4100 ·
215.563.0276 ·
Fax: 856.667.3652
Check to see if the IRS owes you money
For the week of
January 29, 2001
Are you among the missing?
The IRS is holding over 90,000 refund checks worth more than $67.4 million because it can't find the taxpayers
they belong to.
Often taxpayers move and forget to send the IRS a change of address. Or taxpayers don't provide correct addresses
on the returns they file. They get numbers transposed or provide incomplete address information.
There is no time limit on claiming these undelivered refund checks. If you think the IRS owes you money, call their
toll-free assistance line at 1-800-829-1040.
In the future, there is an easy way to ensure receiving your refund. Have the IRS deposit your refund directly
into your checking or savings account.
It is also important to file a change of address form (Form 8822) with the IRS when you move. Filing a change of
address form with the post office is not enough to guarantee delivery of an IRS refund check.
There is another important reason for keeping the IRS updated as to your whereabouts. If you fail to provide the
IRS with your current mailing address, you may not receive a notice if there are problems or adjustments to your
return. Even if the IRS can’t find you, penalties and interest will continue to accumulate on any tax due. And
you may lose the right to protest any changes made to your return as time passes.
If we can be of assistance with any of your
tax or financial concerns, please contact us.
Click here to view previous tax tips.
"Tax Tips" are published weekly to
provide useful tax information. Return to this site every week for helpful tax-cutting suggestions, tax reminders,
and current tax information.
The information contained in this site is of a general nature and should not be acted upon in your specific situation
without further details and/or professional assistance.
If you would like more information on anything in "Tax Tips," or if you'd like to be on our mailing list
to receive other tax-cutting information from time to time, please contact our office. We're here to help.
