IRS: $760 Million In 2010 Refunds Unclaimed

Source: Gregory Korte / USA Today

WASHINGTON — If the Internal Revenue Service is looking for you, it could be a good thing.

The tax agency said Wednesday it owes money to 918,600 taxpayers who did not file a 2010 tax return. Total amount up for grabs: more than $760 million.

But you have to file your 2010 tax return by April 15 to claim it. After that, the money becomes the property of the U.S. Treasury.

“The window is quickly closing for people who are owed refunds from 2010 who haven’t filed a tax return,” IRS Commissioner John Koskinen said. He said students and part-time workers often neglect to file and could be due a refund.

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