The IRS has over 111,893 refunds checks that could not be delivered due to incorrect mailing addresses. The total amount owed to tax payers in approximately $165 million (yes million) dollars. This equates to over $1,471 per refund.
The IRS recommends that the best way to reduce the number of undeliverable tax refund checks it to file your return electronically and opt to receive the refund by direct deposit.
The IRS stated in their November 17, 2010 press release:
“E-file combined with direct deposit is the best option for taxpayers; it’s easy, fast and safe.”
To find out if you have a refund owed to you visit the IRS.gov website and use the Where’s My Refund tool.
For tax payers who don’t have a bank account the Green1040 tax refund card is a great option for receiving state and federal tax refunds by direct deposit.
