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Majority of people have already received their stimulus checks in the summer, but there is a vast amount of people who have yet to see anything from the IRS. This due to the fact that the IRS may not have the correct address or some other mailing problem causes the check to return to IRS. When this happens the check then becomes unclaimed. Currently there is no clear vision as to what will happen next, but various ideas bounced by the IRS suggest that these unclaimed checks will be applied as a tax refund for the following year. When looking at a state of Illinois we found that more then $5 million dollars have been returned to the IRS due to the mailing problems. In addition some families and individuals who qualify for tax refunds will not be getting their refund any time soon due to again mailing problems. The amount of these refunds is close $3.5 million.
In the current economic state this money surely could help a little in the great state of Illinois.
FoundMoney.com is keeping a track of unclaimed money and assets, this includes IRS refunds.
If you would like for IRS to have the correct address simply follow these instructions from their website
Address Change
I have moved since filing my 2007 tax return. How will my payment reach me?
A. Filing Form 8822, Change of Address, with the IRS and a change of address notice with the U.S. Postal Service will help ensure that any mail from the IRS, including your stimulus payment check, is sent to your new address. If the check has already been mailed and you did not provide the IRS with an updated address, the check will most likely be returned to the IRS. You may call the IRS at 1-866-234-2942 to provide your new address so that steps can be taken to have the check reissued.
So don't delay, update your current address and you could be getting more checks.
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