Is a “Lost” Tax Refund Waiting for You?Easy-to-Use Database at ntu.org Helps You Find Out Fast!For Immediate Release January 9, 2012Pete Sepp, (703) 683-5700
(Alexandria, VA) – Whether it’s to
help pay holiday bills or help start investment plans for the New Year, a
little extra cash right now could mean a lot. That’s why it really can pay to
check out the online Tax Refund Finder, provided as a free public service on the
National Taxpayers Union’s (NTU’s) website at www.ntu.org.
This is the 11th year NTU has maintained the consumer-friendly
database, designed to be a quicker and easier way to obtain basic information on
an undelivered tax refund than the Internal Revenue Service’s (IRS’s) version.
“Hard-working Americans should
claim every dollar of a tax refund they’re legally due,” said NTU Executive
Vice President Pete Sepp. “Our database at www.ntu.org
is a handy tool for tracking down any ‘missing’ money that may be waiting for
them at the IRS.”
Despite increases in electronic
filing and direct deposit options, each year thousands of federal income tax
refund checks are returned to the IRS as undeliverable because the taxpayer has
moved, changed his or her name, or simply because the check has an incomplete
or improper address. Over 99,000 taxpayers have checks coming to them from
2011, a decline of more than 11 percent compared to the number of refunds that
were issued in 2010. However, the average value of each check is $1,547, roughly
a 5 percent jump versus 2010.
The NTU
database is designed to provide the maximum
flexibility of search options (by name, tax year, or state), so users can find
refunds that may be in limbo because of the problems described above. If they
have a refund to claim, taxpayers are directed to the IRS’s website or
toll-free number, where they can securely arrange to receive their money.
Although the IRS’s website also has an interactive refund feature, the agency
requires taxpayers to provide information that makes it challenging to use for
citizens who aren’t sure whether they have a refund coming, or who can’t
remember how much it might be. And, NTU’s database allows users to check on
whether refunds might be available for friends or loved ones (who would in turn
need to follow up with the IRS).
“An undelivered tax refund may be
‘found money’ but it certainly isn’t ‘free money,’” Sepp concluded. “A check
from the IRS represents an overpayment that someone has made to the U.S.
government. NTU’s Refund Finder is dedicated to making sure these overpayments
get back to where they belong – in the hands of taxpayers.”
The 362,000-member NTU was founded
in 1969 to work for lower taxes, smaller government, and taxpayer rights at all
levels. Note: The Refund Finder is
available at www.ntu.org. The database
may be accessed directly by going to www.ntu.org/tax-basics and clicking on the “Does the IRS Owe You
Money?” icon.