Thursday, April 23, 2009

What are Unclaimed Refunds?

For many a tax refund is a low priority in their minds. It is not difficult to understand how people forget that they were due a refund as it can take weeks from form submission for the payment to come through. Yet some of these unclaimed refunds are for hundreds or even thousands of dollars. People just don’t realize they are entitled to them.

While most of us know when we file our income tax returns if we will get a refund, the IRS sends out other checks later on. These are due to the information on the return not being correct. This often means that a household will actually receive two cheques, however as they were only expecting one payment it can sometimes be the case that they have moved and the second payment never reaches them.

It may be in your best interest to simply go online and find out if you have any unclaimed refunds. You can look for them by state. Should you find your name under any of those listings you can contact the entity to get more information. It may be well worth it for you to take a look as many people are pleasantly surprised when they discover various types of refunds waiting for them.

More on this business article or What are unclaimed refunds?