Tax Rebate Checks Languishing at IRS

The tax rebate program that produced checks for most of the nation's taxpayers earlier this summer also resulted in a stockpile of unclaimed rebate checks which are waiting to be claimed.

Nearly 300,000 rebate checks were returned to the IRS, undeliverable due to changes of address or taxpayer name changes, many of which could have resulted from marriages or divorces.

The rebate checks were issued in amounts up to $300 for single individuals, $500 for heads of households, and $600 for married couples.

Taxpayers have until December 5 to claim the checks. Checks not claimed by that time will not be delivered and instead taxpayers will have an opportunity to claim their rebates on their tax returns in the spring.

Taxpayers who have not yet received a rebate check and who believe they are entitled to a check may call the IRS at 800-829-1040. A taxpayer who has moved should file Form 8822 with the IRS notifying the agency of the address change.

You may like these other stories...

Hertz withdraws full-year forecast, cites accounting review, challengesRental car company Hertz Global Holdings Inc. said on Tuesday it is withdrawing its full-year financial forecast and expects 2014 results to be “...
Treasury prepares options to address tax inversionsDamian Paletta of the Wall Street Journal reported on Monday that US Treasury Department officials are assembling a list of administrative options for Treasury Secretary...
Deloitte CEO Joe Echevarria to retire to pursue public serviceMichael Rapoport of the Wall Street Journal reported that Deloitte LLP CEO Joe Echevarria plans to retire later this month to pursue his interest in public...

Already a member? log in here.

Upcoming CPE Webinars

Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.