Ronald J. Cappuccio, J.D., LL.M. (Tax)

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Not Filing Tax Returns Costs Billions in Lost Refunds

| Feb 11, 2004 | Uncategorized

NOT FILING TAX RETURNS COSTS BILLIONS IN LOST REFUNDS

Nearly 2 million students, retirees and other taxpayers stand to lose $2.5 billion in refunds if they don’t act quickly to claim the money.

The Internal Revenue Service said Monday that anyone who should have gotten a refund for taxes paid in 2000 but didn’t file a return must file and claim the money by April 15.

Half of those taxpayers could claim refunds of $529 or more, the IRS estimated. That calculation does not include the earned income tax, which could make the refund even larger for some low-wage workers.

Don’t wait until it’s too late!
see: http://www.TaxEsq.com

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