IRS has $12.8 million for Tennesseans who have not filed a 2010 - WRCBtv.com | Chattanooga News, Weather & Sports

IRS has $12.8 million for Tennesseans who have not filed a 2010 income tax return

Refunds totaling more than $12.8 million may be waiting for about 16,300 Tennesseans who did not file a federal income tax return for 2010.  However, to collect the money, a return for 2010 must be filed with the IRS no later than April 15, 2014. The law requires that the return be properly addressed, mailed and postmarked by that date.

Nationwide, almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a tax return for 2010.

There is no penalty for filing a late return qualifying for a refund, but taxpayers seeking a 2010 refund may have their checks held if they have not filed tax returns for 2011 and 2012. In addition, 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.

 

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