Most undelivered stimulus payments had incorrect or incomplete addresses, according to the IRS. By law, the agency can't send out any more economic stimulus checks after Dec. 31 of this year.
However, "if you don't by chance make the deadline, and get your economic stimulus check in time, you can get it as a credit [a recovery rebate credit] on your 2008 tax return," said an IRS spokesman.
Last year 115,478 IRS income tax refund checks totaling $110 million -- an average of about $953 per taxpayer -- undelivered mainly due to unreported changes of name and/or address, typically after a move, marriage, death or divorce. In addition, each year an estimated $500,000,000 million in IRS refund checks that are delivered are not cashed and go unpaid every year.
Article to continue below----------------------------------------------
---------------------------------------------------------------------------
Special tax programs are another source of unclaimed funds. Millions of dollars in 2008 Economic Stimulus Payments will go unclaimed. These special refunds of $600 or more were sent out starting in mid May.
Taxpayers must request reissue if a tax refund check has been lost, destroyed or voided due to the passage of time -- US Treasury checks are generally negotiable one year from the date of issue. Because the funds are held by an agency of the U.S. Federal government, your name will not appear in a state unclaimed property database search.
"People across the country are missing tax refunds and stimulus checks. We want to get this money into the hands of taxpayers where it belongs," said IRS Commissioner Doug Shulman in a statement in October.
What Other Authors say about Taxes
A Guide To Tax Forms
by Carl LaFresnaye
Looking at the Internal Revenue Service's website (www.irs.gov) can be a bewildering experience. A vast array of tax forms greets you and figuring out which ones to use can be a chore. This guide is designed...
Do You Know When To File A Tax Return?
by Ken Snowie
Every year, millions of Americans dread the inevitable; they have to gather all of their receipts and records and get ready to file their Federal Income Tax Returns. When was tax season first initiated?...
Where Can You Get Answers To Your Tax Questions?
by Carl LaFresnaye
Taxes are an unfortunate part of our lives. But our tax money finances so many parts of our government, taxes are here to stay. It would be nice if taxes were cut and dried, easy to understand and easy...
How Will You Spend Your Tax Refund?
by Carl LaFresnaye
Taxes – everybody hates them. The government takes from your paycheck every weekIt can be frustrating to see how much they get right off the top. Some of that youll never see again, but your federal and...
Being Careful To Choose Legal Tax Shelters
by Carl LaFresnaye
There are some types of corporations that try to find loopholes in the tax laws that allow them to get out of paying such high taxes. There are some companies that look for tax shelters, which are ways...
Who are the CPA Moms? Your Tax Professional Forever!!!!
|
“CPA Moms - Tax Moms - EA Moms" are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some "Moms" work from home, other work from personal offices. Not all are Moms, there are some Dads. We call them Mr. Tax Moms. CPA Dads or Enrolled Agents Dads.
|
|
Each Mom is independent. Once a client starts working with a Mom, the client will keep the same “Mom” year after year regardless of where the client moves or relocates. Being in a “relaxed” environment has many advantages. Lower overhead, faster response time, more availability, etc.
|
|
|
To be a member a CPA Mom, Tax Moms, or an Erolled Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
|
|
Tax Net Inc, the parent company for all CPA Moms, Tax Moms and Enrolled Moms, developed the marketing and on-line systems to help qualified Tax Professionals who "choose" work from their “relaxed” environment and offer better service at a lower price to the consumer.
|
|
|
Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.
|
|
For reliability and dependability of Tax Net, Inc, the parent company of the “Moms” organization click on the Better Business Bureau (BBB) icon. To Join CPA Moms
|
|
