Wednesday March 30, 2022 – Did you know that the IRS will confiscate your tax refund if you don’t file your tax return? Actually, they will hold it for three years from the date the tax return was due.
This year the IRS reports almost 1.5 million taxpayers have not filed their 2018 tax returns – worth about $1.5 BILLION in unclaimed refunds. Half of the missing refunds from 2018 are more than $813.
You must file be April 18, 2022 (April 19 if you live in Massachusetts or Maine) – unless you filed for an extension for that tax year. Then the due date for your return was October 15, 2019 and you won’t lose the refund until October 2022.
Attorney Steven A. Leahy explains the details of this little know tax quirk.
Steven A. Leahy is a tax attorney in Illinois. He is the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com.
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