Alabamians are owed money by the IRS: How to collect
- Author: Zachary Reyes Mar 02, 2017,
Mar 02, 2017, 16:14
The Internal Revenue Service (IRS) has reminded certain non-US citizens, such as global students and scholars working or receiving scholarship funds, that they may have special requirements to file a United States tax return. If a college student paid tuition, he or she may be entitled to a massive tax credit, in addition to a refund of any withholdings from a job they had.
"We're trying to connect a million people with their share of $1 billion in unclaimed refunds for the 2013 tax year", IRS Commissioner John Koskinen said.
The IRS estimates that the midpoint for potential refunds for 2013 to be $763, with half being worth more than $763 and half are less.
Wednesday, Comptroller Peter Franchot urged any Marylander who has yet to file their 2013 tax returns to do so as soon as possible and collect their refund money. The law requires taxpayers to properly address mail and postmark the tax return by that date.
Additionally, while people who earned more than the minimum threshold in 2013 technically were required to file a tax return, it's important to mention that the IRS's "failure to file" penalties only apply if the taxpayer is owed money.
Many low-and-moderate income workers may have been eligible for the Earned Income Tax Credit (EITC).
In early February, tax refunds had amounted to just 31 percent of what the IRS had sent out by the same time in 2016. "Unfortunately, there are still millions in unclaimed federal refund dollars".
Farmers and fishers choosing not to file by March 1 should have made an estimated tax payment by January 17 to avoid a penalty. So, if you think you might be entitled to a 2013 tax refund, you have until April 18, 2017 to claim it.
You can find 2013 tax forms and instructions here or by calling 800- TAX-FORM (800-829-3676).