Tuesday, March 25, 2008

IRS has $1.2 billion in unclaimed tax refunds


About $1.2 billion is sitting in Internal Revenue Service coffers, waiting to be claimed by the 1.3 million taxpayers who neglected to file a 2004 tax return.

About half of the taxpayers who didn't file a 2004 return would get a refund of at least $552, the IRS estimated this month.

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