THE DIGITAL DAILY
FASTER THAN A
SPEEDING 1040-EZ . . . MAR 2, 2000 (44
DAYS UNTIL APRIL 15TH).
Good News! You have until Midnight, Monday April 17th to file your
return this year.
Taxpayers
Could Lose $2 Billion in '96 Tax Refunds
WASHINGTON, 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 NOW,
before it's too
late.
IN TODAY'S
ISSUE
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