DC   The Internal Revenue Service estimates
that more than 1.6 million taxpayers who failed to file tax returns
for 1996 risk losing about $2 billion in refunds if they don't get
their late returns to the IRS by April 15, 2000. More than half of
them could receive $442 or more.
"The law generally provides for refunds only if taxpayers file
returns within three years of the filing deadline," said IRS Commissioner
Charles O. Rossotti. "We want people to get the refunds they deserve,
but they have to file tax returns in order to claim them."
There is no penalty for filing a late return that qualifies for
a refund; however, if a taxpayer has not filed returns for 1997
or 1998, the IRS will hold any 1996 refund due until it has also
received returns for those years.
Would you throw away $442, or more? File those overdue tax returns
it's too late.