Does the IRS Owe You Money?
Washington, D.C. - As taxpayers rushed to file last-minute returns by tonight’s midnight deadline, Congressman Brad Sherman is helping southern Californians uncover over $10,000,000 in old refunds and stimulus payments that are just waiting to be claimed by 13,050 Angelenos. Three potential claimants each stand to receive more than $250,000.
Last year, the IRS could not locate thousands of taxpayers due refunds – refunds which remain undelivered. In Los Angeles County, those taxpayer refunds average more than $1,000. A list of Californians who overpaid federal taxes and are owed money is posted on the Congressman’s web page at BradSherman.house.gov.
“Tax refunds belong in your pocket, not stowed in a cob-webbed corner of a dark safe at the IRS,” Sherman said at a press conference outside the IRS offices in the San Fernando Valley. “If there is any chance you have an unclaimed refund, check our website to see if you’re on the list.”
In many instances, the IRS found mathematical errors in taxpayers’ favor, but then could not locate the people owed the unexpected windfalls. In other cases, refund checks were undeliverable because taxpayers moved without leaving a forwarding address after graduating from college or getting married or finding a new job.
Nearly 9,000 Los Angeles residents did not receive their 2008 economic stimulus payments. Over $5 million in stimulus checks did not reach the intended Los Angeles resident with the average check totaling $608. This information is also listed at BradSherman.house.gov.
Sherman has consistently supported legislation to help the IRS do a better job of tracking down taxpayers who are owed refunds. “Waiting for taxpayers to surface is not good enough. The IRS should do more to find people who are owed refunds,” Sherman said. “Certainly the IRS should take stronger steps than it does now to reach taxpayers who are owed money.”
Sherman is a Certified Public Accountant. Before he was elected to Congress in 1996, Sherman was chairman of the California State Board of Equalization; the nation’s only elected tax commission and America’s second largest tax agency.