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Claim Your 2003 Tax Refund Or Lose It
By Richard Chappoe
Gripe about paying your taxes? If so, you are one of millions of Americans. The odd thing, of course, is millions of us also fail to get the tax refunds we are do!
Feel like taxes are too high? Of course you do. It is a god given write of Americans to complain about taxes. That being said, you lose the right to complain if you don’t follow up on money the IRS owes you. For the 2003 tax year, 1.8 million Americans have failed to do so to the tune of a whopping 2.2 billion dollars.
Ever read those lists of the richest people in the world? You know, the billionaires like Bill Gates and Warren Buffet. Well, taxpayers are turning the IRS into a billionaire. They are doing it by failing to claim a couple billion dollars in refunds in 2003. Who would have thought people liked the agency that much?
Two billion dollars is undisputedly a lot
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LinkedIn CEO out, founder to take overLinkedIn founder Reid Hoffman has retaken the reins of the fast-growing online social network for professionals and Dan Nye, the man Hoffman recruited for the job in 2007, has resigned, the company said Wednesday. Kaiser ???biobank??? lands $8.6M grantKaiser Permanente won an $8.6 million award from the Robert Wood Johnson Foundation to develop a biobank of genetic, environmental and health data that could be used to study genetic and environmental factors in heart disease, cancer, Alzheimer’s and more. Apple ordered to end French iPhone dealApple Inc. has been told by French officials that its exclusive deal to sell iPhones through France Telecom SA violates antitrust laws in that country. (AAPL) Global Asset Capital ups bid for MMC EnergyGlobal Asset Capital has raised its offer for MMC Energy Inc. to $2 per share, valuing the company at $28 million. (MMC) Calpine names new CFOCalpine Corp. has appointed Zamir Rauf chief financial officer and executive vice president effective immediately. (CPN) Virage Logic withdraws bid for LogicVisionVirage Logic Corp. has revoked its bid made in November to acquire LogicVision Inc. for $1.05 per share, in a deal that would have valued LogicVision at about $10 million. (VIRL) (LGVN) Survey: Corporate fraud, misconduct driven by pressure to succeedEthics in companies and organizations may be taking a backseat to pressures to succeed, a new survey has found. Virgin America???s founding CFO to step downVirgin America Inc. said its CFO is leaving during the first quarter of 2009, citing the commute from his New York home to the airline carrier’s Burlingame headquarters. National Venture Capital Association predicts investment slowdown into 2009The National Venture Capital Association predicts that 2009 will be another slow year for investment in venture-backed businesses throughout most sectors. Silicon Storage lowers outlook, cuts jobsSilicon Storage Technology Inc. on Wednesday lowered its revenue projection for the fourth quarter and said it would cut 120 jobs, about 17 percent of its work force. (SSTI)
of mulla. So, just how did the IRS manage to get so much money that should really be in the hands of taxpayers? Glad you asked. 1. Some taxpayers don’t file because they don’t think they made enough money. 2. You worked multiple jobs and forgot to include some of the taxes collected by an employer. 3. A hot real estate market led to people buying and moving, but failing to let the IRS know where they went. 4. You got married, changed your name and forgot about taxes collected under your old name. 5. You kept bad records of tax payments and believe you paid less then you really did. So, is there a rush to get out there and claim your tax refund? Well, yes, there is. The magic deadline is tax filing day this year. This represents the three year running period for the statute of limitations. Neither you nor the IRS can look back more than three years to fix a problem, such as this one. 2003 may seem like a long time ago, but a trip to the past can be profitable. If you could use an extra grand, and who can’t, you may be able to get it by checking your records for the year. Don’t assume you received a refund. Make sure. You might just be surprised. Article Source: http://articlecrazy.com Richard A. Chapo is with BusinessTaxRecovery.com - find a good accountant to save you money on taxes.
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