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More than $19 Million in Unclaimed Tax Refunds | Business

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More than $19 Million in Unclaimed Tax Refunds

LAS VEGAS -- The IRS has more than $19 million in unclaimed refunds for Nevada taxpayers and the deadline to claim the money is nearing.

According to the IRS, the refunds are for people who did not file a tax return for 2006. The owed money equates to a median refund of about $575 for 19,000 taxpayers.

"There is about $19 million for about 19,400 Nevadans. The window of opportunity to claim this money is about to expire and they really need to act," said Jesse Weller, IRS.

To collect the money, a 2006 tax return must be filed by April 15, 2010.

"Why should I just let it go to the IRS?" said Steven Hansen a taxpayer who made the mistake of doing that once before. He's learned his lesson, and today it's a much different story.

"That could've been money for anything medical bills, even my rent."

"What I advise is it doesn't hurt to get a free estimate to see if there is a refund out there," said Randall Brody, Liberty Tax. The IRS says even those who are not required to file taxes because they made less than $3,000 in 2006 should file just in case they are due money.

"Another type of refund people aren't aware that they have coming to them is the Earned Income Tax Credit. This credit is available to people of moderate or low income," said Weller.

It's important to note that in order to collect your refund for 2006 you must have filed taxes in 2007 and 2008.

Here is a link for current and prior year tax forms. Here is a link to forms for the 2006 tax year. Taxpayers who are missing Forms W-2, 1098, 1099 or 5498 for 2006, 2007 or 2008 should request copies from their employer, bank or other payer. If these efforts are unsuccessful, taxpayers  can get a free transcript showing information from these year-end documents by calling 1-800-829-1040.

 

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