Avoid problems with your 2002 tax refund
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.
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