IRS has over $17M unclaimed TN tax refunds from 2012 - | Chattanooga News, Weather & Sports

IRS has over $17M unclaimed TN tax refunds from 2012

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NASHVILLE (AP) - The Internal Revenue Service says it has over $17 million in unclaimed refunds for Tennessee residents who failed to file a 2012 tax return.

The law provides taxpayers with a three-year window to claim a refund, but those wishing to collect must file their 2012 returns no later than April 18.

There is no penalty for filing a late return that qualifies for a refund.

IRS spokesman Mark Green said in a news release that the estimated median unclaimed refund for tax-year 2012 in Tennessee is $702.

If no return is filed to claim a refund within three years, the money becomes property of the U.S. Treasury.

Tax forms and instructions are available at the website on the forms and publications page, or by calling 1-800-TAX-FORM.

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