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VOL. 115 | NO. 206 | Tuesday, December 4, 2001

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IRS deadline here for tax rebates

IRS deadline here for tax rebates

The Internal Revenue Service is urging Tennesseans whose advance payment checks have been returned as undeliverable by the U.S. Postal Service to act now so their checks can be reissued before the legal deadline.

The agencys list of undelivered checks released earlier this month included nearly 6,000 advance payment checks for Tennesseans; the IRS started issuing the checks originally in July. There is extra urgency for taxpayers to act on these checks by today. After that, taxpayers cant get an advance payment check this year. Instead, theyll have to apply for it after Jan. 1 on their 2001 tax returns.

The returned advance payment total for Tennessee is $1.8 million an average of $309 per check. The returned checks represent less than 2 percent of the checks originally mailed.

"Taxpayers who want their money this year must contact IRS by Dec. 5," said IRS spokesman Dan Boone. With the holidays coming up, Im sure a check would be welcome.

Taxpayers who think they may be missing an advance payment check should first check their records or contact their tax preparer. If they believe they are missing a check, they should call the IRS, (800) 829-1040.

For most of these checks, all we need is a good address, Boone said. As soon as we get the correct address, well start the check on its way.

The added urgency for the advance payments is because the law that authorized the payments said the checks cannot be issued after Dec. 31.

That means there wont be enough time to process claims made after today. However, those eligible for an advance payment check who dont receive it before the end of the year may be able to claim it as a credit when they file their 2001 tax return starting in January.

The IRS toll-free number is open from 7 a.m. to 10 p.m. Monday through Friday.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 89 344 19,573
MORTGAGES 110 422 22,914
FORECLOSURE NOTICES 0 8,303 8,303
BUILDING PERMITS 207 838 40,029
BANKRUPTCIES 60 356 13,104
BUSINESS LICENSES 21 194 6,137
UTILITY CONNECTIONS 0 117 12,966
MARRIAGE LICENSES 15 65 4,842

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