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Avoid problems with your 2002 tax refund



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The IRS is still trying to find nearly 100,000 taxpayers who are due refunds on their 2001 tax returns.  According to the IRS, the undeliverable refund checks total almost $80 million.  There are three steps you can take to help avoid problems with any 2002 tax refund you might have.

Notify the IRS when you move.  The IRS sends refund checks and correspondence to the address listed on your most recent tax return, unless you notify the Service otherwise.  When you move, send your new address to the IRS using Form 8822.  That way the IRS can send your refund to your current address and contact you if there are any problems on your return.

Use direct deposit for your tax refund.  Avoid the possibility of lost, stolen, or undeliverable refunds by directing the IRS to deposit your refund into your bank account.  The IRS doesn't charge a fee for this alternative, and you'll generally receive your refund faster than with a paper check.

Prevent a mismatch.  Carefully review your social security number and name before you file your return.  IRS computers automatically match taxpayers' names and social security numbers against the Social Security Administration's records.  If your tax return has an incorrect social security number or a name different from what's listed on your social security card, your refund will be delayed until you can set the record straight.





* The information contained in this article is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance.

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