2013-03-21 / News

3,000 Rhode Islanders due millions from IRS

With less than a month until tax filing day, the IRS announced there is more than $3.1 million in unclaimed tax refunds waiting for 3,300 Rhode Islanders to claim before the April 15 deadline. Otherwise, the money will be forfeited to the U.S. Treasury.

The Internal Revenue Service estimates that the median potential unclaimed refunds for Rhode Islanders are about $612. According to the IRS, nationwide refunds totaling approximately $917 million are waiting for more than 984,000 Americans who did not file a federal income tax return for 2009.

The IRS said that some people may not file because they had too little income to require filing a tax return, even though they had taxes withheld from their wages or made quarterly payments. Other reasons individuals may not have filed stem from issues relating to unemployment or a mid-year change of income.

“A lot of folks are simply unaware the IRS owes them this money and I don’t want eligible Rhode Islanders to miss out,” said U.S. Sen. Jack Reed. “The good news is there is still time for people who neglected to claim their refunds to do so.”

Tax filers may retroactively file or amend updated tax returns and receive refunds for up to three years in the past. There is no penalty for filing a late return qualifying for a refund. However, individuals looking to claim their 2009 refund must have filed returns for 2010 and 2011 to be eligible. In order to obtain a refund, filers need their W-2 and the 1040 form from the year the refund is being claimed.

Rhode Islanders who need additional time to file their federal taxes may receive a penalty-free six-month extension if they file Form 4868 by April 15.

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