The Internal Revenue Service is reminding Georgians who did not file a 2009 tax return to make sure they are not owed any money from that tax year.
IRS Spokesman Mark Green said that the agency has about $27 million in unclaimed refunds awaiting just over 31,000 individuals from 2009.
Green said that people who may have unclaimed refunds waiting are those who had too little income to require them to file a tax return in 2009, but still had taxes withheld from their wages.
“Individuals in 2009 who made less than $9,350 were not required to file a tax return,” said Green. “What happens is these individuals may set aside their W-2 forms or 1099 forms with their withholding and that money (withholdings) goes back to the Treasury if those individuals do not file a return within a three-year period. Now is the time to look at W-2’s and 1099’s and you have until April 15 to file a return and claim your money.”
Green also said that those who did not file a return may also be eligible for additional credits and should check that as well.
According to Green, if a return is not filed by midnight on April 15 and the refund is not claimed, the money will go back to the U.S. Treasury.
There is no penalty for filing a late return qualifying for a refund.
The IRS did remind taxpayers seeking a 2009 refund that their checks may be held if they have not filed tax returns for 2010 and 2011. In addition, the IRS said that any refund would also be applied to any amounts still owed to the IRS or their state tax agency, or may be used to offset unpaid child support or past due federal debts such as student loans.
For more information, visit www.irs.gov or call 1-800-829-1040.