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Thursday, November 15, 2007

Potter Residents Have Money Coming From IRS

From Elmira Star-Gazette

More than 50 current or former residents of the Twin Tiers are on a list provided by the Internal Revenue Service of New York and Pennsylvania taxpayers who are due refund checks.

The average refund amount is $1,204 for New York taxpayers who have unclaimed funds with the feds, the IRS said.

The IRS said that in many cases, the taxpayer has moved without updating his or her address with the U.S. Postal Service or federal tax agency.

In total, 8,722 New York taxpayers are due refund checks worth about $10.5 million, the IRS said. That's an increase of about 34 percent more taxpayers due refunds than last year, the agency said. Some taxpayers have more than one check waiting for them.

The IRS said the Telephone Excise Tax Refund is partly responsible for the increase in unclaimed refund checks because some taxpayers were able to claim the one-time payment on their 2006 federal income tax returns. The payment returned previously collected long-distance phone taxes.

Besides providing the Postal Service and IRS with a current mailing address, taxpayers also are encouraged by the IRS to use direct deposit to receive their refunds. Taxpayers can sign up for direct deposit on their tax forms.

To see the full list of current or former Twin Tiers residents due refund checks, click the link
Download: N.Y. and Pa. tax refund names

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