IRS holding $20 million in refunds for Louisiana taxpayers, window to claim it closes April 18

The IRS owes more than $20 million to nearly 20,000 Louisiana taxpayers who failed to file federal tax returns for the 2007 tax year.  The average refund amount due Louisiana residents is more than $600. 

The money owed to Louisiana taxpayers is part of more than $1 billion owed to taxpayers nationwide.

“Some people may not have filed because they had too little income to require filing a tax return even though they had taxes withheld from their wages or made quarterly estimated payments,” the IRS announced in a press release.  “In cases where a return was not filed, the law provides most taxpayers with a three-year window of opportunity for claiming a refund. If no return is filed to claim a refund within three years, the money becomes property of the U.S. Treasury.”

The IRS says it owes $20,327,000 to 19,500 Louisiana taxpayers who failed to file 2007 federal returns.  The three-year window means these taxpayers have until April 18, 2011, to file those returns and claim their refunds.

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