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IRS Seeks To Return Undelivered Tax Refunds
Source:
tax-news.com
- Dec 3, 2012
by Mike Godfrey, Tax-News.com, Washington
03 December 2012
The United States Internal Revenue Service (IRS) is looking to return tax refunds that were not delivered earlier this year because of mailing address errors, and suggests that the best way for an individual to verify if she or he has a pending refund is by going directly to its website and using the "Where’s My Refund?" tool.
Taxpayers who did not get their refund in the mail as expected and believe their refund cheque may have been returned to the IRS can also access a telephone version of "Where’s My Refund?"
It was disclosed that nearly three-quarters of all individual income tax filers claim a refund on their annual tax return. Although the vast majority of those refunds are issued as direct deposits, nearly 30m taxpayers request paper refund cheques.
The IRS recommends filing tax returns electronically and using direct deposit. Electronic filing eliminates the risk of lost returns and reduces errors on tax returns that can cause refund delays. Direct deposit prevents the possibility a cheque being returned to the IRS as undeliverable and ends the danger of paper cheques being lost or stolen.
READ MORE:
http://www.tax-news.com/news/IRS_Seeks_To_Return_Undelivered_Tax_Refunds_____58589.html
Category: IRS
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