of mulla. So, just how did the IRS manage to get so much money that should really be in the hands of taxpayers? Glad you asked.
1. Some taxpayers don’t file because they don’t think they made enough money.
2. You worked multiple jobs and forgot to include some of the taxes collected by an employer.
3. A hot real estate market led to people buying and moving, but failing to let the IRS know where they went.
4. You got married, changed your name and forgot about taxes collected under your old name.
5. You kept bad records of tax payments and believe you paid less then you really did.
So, is there a rush to get out there and claim your tax refund? Well, yes, there is. The magic deadline is tax filing day this year. This represents the three year running period for the statute of limitations. Neither you nor the IRS can look back more than three years to fix a problem, such as this one.
2003 may seem like a long time ago, but a trip to the past can be profitable. If you could use an extra grand, and who can’t, you may be able to get it by checking your records for the year. Don’t assume you received a refund. Make sure. You might just be surprised.
Article Source: http://articlecrazy.com
Richard A. Chapo is with BusinessTaxRecovery.com - find a good accountant to save you money on taxes.
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