IRS has $2.5 Billion for Individuals Who Failed to File
a 2000 Tax Return
you haven't always used me as your CPA, (I don't know
why) you could be one of the more than 2 million people
who failed to file a 2000 income tax return The IRS has
Unclaimed refunds totaling more than $2.5 billion. In
order to collect the money, however, a return must be
filed with an IRS office no later than April 15, 2004.
IRS estimates that half of those who could claim refunds
would receive more than $529. 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.
Some taxpayers may also be eligible for the refundable
Earned Income Tax Credit"
cases where a return was not filed, the law provides most
taxpayers with a three-year window of opportunity for
claiming a refund. If no return is filed to claim the
refund within three years, the money becomes property
of the U.S. Treasury. For 2000 returns, the window closes
on April 15, 2004. The law requires that the return be
properly addressed, postmarked and mailed by that date.
There is no penalty assessed by the IRS for filing a late
return qualifying for a refund."