Taxpayers May Be Owed Money From 2001
Return Must Be Filed By Midnight Friday
Posted: 12:17 pm EDT April 14, 2005Updated: 3:19 pm EDT April 14, 2005
Friday's tax filing deadline is causing some anxiety for some last-minute filers -- especially those who could lose refunds.While millions are down to the wire on their 2004 tax returns, the window is about to close on 2001. The federal government announced it's holding more than $2 billion in refunds for people who haven't filed a 2001 tax return.
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More Info: IRS Has $2 Billion for People Who Have Not Filed a 2001 Tax Return
If you want to collect that money, that year's return must be filed with the Internal Revenue Service by April 15. If not, the money becomes property of the U.S. Treasury.The IRS said in some cases, individuals had taxes withheld from their wages or made payments against their taxes out of self-employed earnings but had too little income to require filing a tax return.They estimate that half of those who could claim refunds would receive more than $484.
Stop Procrastinating: Visit Our Tax GuideMore Info: IRS Has $2 Billion for People Who Have Not Filed a 2001 Tax Return If you want to collect that money, that year's return must be filed with the Internal Revenue Service by April 15. If not, the money becomes property of the U.S. Treasury.The IRS said in some cases, individuals had taxes withheld from their wages or made payments against their taxes out of self-employed earnings but had too little income to require filing a tax return.They estimate that half of those who could claim refunds would receive more than $484.
Previous Stories:
- April 13, 2005: Millions Expected To File Tax Extensions
- April 12, 2005: Prepare Taxes Or Visit Dentist? Poll Shows Americans Divided
- April 11, 2005: More People Paying Taxes With Credit Card
- April 7, 2005: Survey: Most Taxpayers Would Use Refund To Pay Debt
- March 30, 2005: Options Still Available As Tax Deadline Looms
- March 10, 2005: Experts: Blowing Tax Refund Not Best Idea
- March 1, 2005: IRS Announces 2005 'Dirty Dozen' Tax Schemes
- February 24, 2005: Tax Tips: Avoid Common Mistakes
- February 18, 2005: Be Wary When Selecting Tax Preparer
- January 5, 2005: How To Avoid The Top 5 Tax Mistakes
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