1 Billion Dollars in Unclaimed Refunds: Internal Revenue Service

The I-R-S has about 1-billion dollars in unclaimed refunds. And if you are still awaiting your tax refund from 2011, the I-R-S says you need to act now or else. By law, taxpayers have just three years to claim their refunds. So, if they don’t file their 2011 federal returns by April 15th, that refund money goes to the U-S Treasury.


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