IRS Estimates $1 Billion Could Be Waiting for Taxpayers Who Didn't File 2011 Income Tax Returns - East Idaho News
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IRS Estimates $1 Billion Could Be Waiting for Taxpayers Who Didn’t File 2011 Income Tax Returns

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Thinkstock 031115 IRS?  SQUARESPACE CACHEVERSION=1426118594661jim pruitt/iStock/Thinkstock(WASHINGTON) — Federal income tax refunds totaling $1 billion could be awaiting an estimated one million people who did not file a federal income tax return for 2011, the Internal Revenue Service said Wednesday.

“Time is running out for people who didn’t file a 2011 federal income tax return to claim their refund,” IRS Commissioner John Koskinen said in a statement. “People could be missing out on a substantial refund, especially students or part-time workers.” He also noted that “some people may not have filed because they didn’t make much money, but they still may be entitled to a refund.”

The IRS estimates that half of the potential 2011 refunds would exceed $698.

Federal law allows a three-year window of opportunity to claim a refund if they had not filed a tax return. That window for 2011 tax returns closes on April 15, 2015.


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