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IRS Announces Increase In Undeliverable Refunds (Tax News On The Tenth)
By Tim Hughes 2009-11-12
Last month we reported the IRS’ push to increase electronic filing by taxpayers. Last week the Service announced a compelling reason to do so for a large number of taxpayers. Namely, the IRS has received 107,831 refund checks that were returned to the IRS by the U.S. Postal Service due to mailing address errors. The total of these refund checks equaled $123.5 million.
IRS Commissioner Doug Shulman stated “We are eager to get this money into the hands of taxpayers, so don’t delay if you think you are missing a refund,” adding “The sooner you update your address information, the quicker you can get your refund.”
All a taxpayer has to do is update his or her address once. The IRS will then send out all checks due. Undeliverable refund checks average $1,148 this year, compared to $990 last year. Some taxpayers are due more than one check.
The vast majority of checks mailed out by the IRS each year reach their rightful owner. Only a very small percent are returned by the U.S. Postal Service as undeliverable.
If a refund check is returned to the IRS as undeliverable, taxpayers can generally update their addresses either over the internet or phone or via the U.S. mail. The IRS encourages taxpayers to choose direct deposit when they file their returns because it puts an end to lost, stolen or undeliverable checks. Taxpayers can receive refunds directly into personal checking or savings accounts. Direct deposit is available for filers of both paper and electronic returns.
Our office has been successful in helping taxpayers with IRS collection problems please call our office and ask for Jessie at (847) 705-7555 to talk to one of our tax attorneys and find out how we can help your client in front of IRS collections.
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