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Gripe about paying your taxes? If so, you are one of millions of Americans. The odd thing, of course, is millions of us also fail to get the tax refunds we are do! Could you use some extra money to pay taxes and bills this year? You might want to look through your records to your 2003 tax return. If you were due a tax refund, did you actually get it? You might be surprised to learn that many people don’t. In fact, over 1.8 million people failed to claim billions of dollars in refunds for 2003. Imagine balancing your bank account and finding you had TWO BILLION dollars more than you should. Well, this is what the IRS found for the 2003 tax year. Yes, taxpayers have left a couple billion dollars on the table. This averages out to more than a grand per person that failed to claim the refunds. There are roughly 1.8 million of you. Two billion dollars is undisputedly a lot of mulla. So, just how did the IRS manage to get so much money that should really be in the hands of taxpayers? Glad you asked. 1. Some taxpayers don’t file because they don’t think they made enough money. 2. You worked on and off and forget you paid taxes during one of the on times out of your paycheck. 3. You moved and didn’t tell the IRS. 4. You got married, changed your name and forgot about taxes collected under your old name. 5. You accidentally made to quarterly payments instead of one. Can you imagine just throwing 1,000 out the window of your car? If you haven’t claimed your 2003 refund, you are about to do just that. After April 17th of 2007, it expires. That’s right, you lose it and the IRS gets to spend it as it wishes! Hate paying taxes? Hate preparing your taxes? Well, you are probably starting to really feel that way as April 17th starts to get closer and closer. You can numb the pain, however, by going back and getting your 2003 refund.
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Richard A. Chapo is with BusinessTaxRecovery.com - your resource for tax articles. Visit our refund article directory for a completely unique version of this article.
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