Did you file your 2009 Tax Return?

The announced that it has $917 Million for People who have not filed a 2009 Income Tax Return

The IRS claim that they are approximately 984,400 taxpayers who did not file a federal income tax return for 2009, and it estimated that if the total refund could reach in the hundred of millions of dollars. However, you must file a return for 2009 by no later than Monday, April 15, 2013.  The average refund considering those estimates are more than $500 per tax return.  (These numbers may varied depending on the taxpayer and this calculation is an arithmetic average.)

What Happens if you do not file by the due date? The money becomes property of the U.S. Treasury.

Would you be assessed with a Penalty for filing a late return that qualiifies for a refund?  No, generally there is no penalty. Although, the tax return must be "Properly filed" (IRS definition) with the IRS.

What happens if I already owe money to the IRS? The refund will be applied to any amounts still owed to the IRS or their state tax agency, and may be used to offset unpaid child support or past due federal debts such as student loans.

Contact your CPA if you have not filed your 2009 tax return.

Source: http://IRS.gov




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