The IRS is sitting on one-billion dollars they want to get back into the hands of taxpayers nationwide. IRS spokesman for the states of Nebraska, Iowa and Wisconsin, Christopher Miller says several million belongs to taxpayers in the Cornhusker state. He says there is about $4-million waiting for 5,200 Nebraskans who didn’t file a 2008 federal income tax return. The IRS estimates that half of the refunds are over $600.
Miller says those who haven’t filed have until April 17, 2012 to do so. There is a three-year window that closes on that day. If the money is not refunded to taxpayers it becomes property of the U-S Treasury.
The IRS states if a taxpayer is due a refund that check may be held if they have not filed tax returns for 2009 and 2010. The refund will be applied to any amounts still owed to the IRS or to pay past due child support or other federal debts such as student loans.