IRS Owes Millions in Unclaimed Refunds

By Allison Linn, NBC News

IRS Owes Millions in Unclaimed Refunds

March 15, 2013 Updated Mar 15, 2013 at 10:08 AM PDT

It sounds like an e-mail scam, but this one is actually true. The Internal Revenue Service has hundreds of millions of dollars in unclaimed 2009 tax refunds, and you may be eligible for the money.

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The IRS said Thursday that it may have refunds totaling around $917 million waiting for approximately 984,400 taxpayers who didn’t file a federal tax return in 2009.

The payoff could be substantial: The IRS said half of the potential refunds are worth more than $500.

Some people don’t file a tax return because they had too little income, even though some taxes were taken out of their paycheck.

Under IRS rules, most taxpayers who don’t file a return in a given year have three years to try to claim a refund.

There is much more to this story from NBC News, to read about it CLICK HERE.

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