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Unclaimed IRS Checks * Does IRS have a Refund or Stimulus Check for you
The Internal Revenue Service is trying to find 279,000 recipients for more than $163 million in undelivered economic stimulus payments, according to the government. The average undelivered check is worth about $583.
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.
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Illinois Needs To Change Its Ways For Job Creation - Chicago Tribune
Washington PostIllinois needs to change its ways for job creationChicago TribuneI stand ready to work to improve our jobs climate by getting our budget under control, without more borrowing and higher...
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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.
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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.
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Online Tax Preparation General Articles about Taxes
Small Business Tax Credit - Americans with Disabilities Act
by Richard A. Chapo
Many small businesses complain when confronted with the expense of complying with the Americans with Disabilities Act. Most do not realize that there are a number of tax incentives available to offset...
Get A Tax Accountant And Leave April To The Showers
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For most US citizens, April 15 mans only one thing: it's time to pay Uncle Sam his due. And in the weeks leading up to April 15, taxpayers in the US frequently develop all the signs of tax preparation...
Need a Copy of Your Tax Return Information?
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Taxpayers have two easy and convenient options for getting copies of their federal tax return information -- tax return transcripts and tax account transcripts -- by phone or by mail.A tax return transcript...
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In the largest criminal tax case ever filed, KMPG has copped a plea to using fraudulent tax shelters to bilk the government out of 2.5 billion dollars. KMPG has agreed to pay a fine of $456 million dollars,...
Use Child Tax Credit for Tax Savings
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Now, here's a real tax savings to the individual taxpayer with dependents. The child tax credit is a direct federal income tax credit based on the number of dependent children in your family. This federal...
Tax Software Alternatives
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There are many different tax programs, which are adequate to different kinds of needs, so the users have various options. For taxpayers with more complex tax situations, TurboTax software would be the...
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Business Tax Articles of Interest
Holistic Junction's Featured School of the Week: National Massage Therapy Institute, LLC
by C. Bailey-Lloyd/LadyCamelot
Holistic Junction is honored to present National Massage Therapy Insititute, LLC as the featured school of the week. 'Welcoming you to the world of Wellness,' the National Massage Therapy Institute, LLC...
Commercial Lender Secures 100% financing for Apartment Complex
by Sam Jackson
Linda Hogan, a loan officer with Rogers Funds LLC , Commercial Lender , has announced that the firm recently closed $15,500,000 in Commercial mortgage financing for an apartment complex in Boston, MA....
Incorporate LLC
by Steve Valentino
LLC (limited liability company) provides the benefits of liability protection and pass through taxation features of sole proprietorship or partnership. Many small business owners prefer this form of corporation...
LLC vs S Corporation: Which is Better?
by Stephen L. Nelson, CPA
"S Corporation or LLC?" is a common question for new business owners. I have several people call me each week asking this.I always tell them the question is impossible to answer. And here's why. An LLC...
Should You Form a Nevada LLC?
by Simon Maher
The short answer is yes...if your business is located in Nevada. Otherwise, your best bet is to form your business entity in the state where your business operates.There many myths about forming Nevada...
Mid-State Swimming Pool Co., LLC
by Bruce Comer Jr
Mid-State Swimming Pool Co., LLC has a new web site! The new site design includes helpful information about our line of fiberglass pools, vinyl pools, pool chemicals, pool supplies, new pool owner help,...
CenterPoint-Solutions, LLC Partners With Greystone.Net, Inc.
by Patty Briguglio
CenterPoint-Solutions, LLC is pleased to announce the firms alliance with Greysone.Net, Inc. of Georgia, an organization that provides Internet and World Wide Web solutions and services for healthcare...
California Limited Liability Company - An Overview
by Richard A. Chapo
Many people are surprised to learn that the LLC business entity is a fairly recent phenomenon. Wyoming was the first state to legislate the creation of LLCs in 1977. Most states didn't jump on the LLC...
More Options to a Self Directed IRA
by Joshua Geary
If you want to have more control over your retirement accounts than what is typically found with ROTH, and Traditional IRA's: then consider the acquisition of a self-directed individual retirement account....
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