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VOL. 127 | NO. 38 | Friday, February 24, 2012

IRS Says 18,000 Tennesseans Could Get 2008 Refunds

AP

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NASHVILLE (AP) – As taxpayers prepare their income tax returns for 2011, the Internal Revenue Service is still holding millions that are owed to Tennessee residents from 2008.

IRS spokesman Dan Boone said the funds can't be refunded because more than 18,000 Tennesseans it should go to haven't filed returns from three years ago.

Refunds totaling $16,130,000 await 2008 filings in Tennessee. Nationally, the estimate is more than $1 billion for people who have yet to file for that year.

Boone said the late filing can still be done without penalty if a refund is owed, but only until April 17. After that, the money is turned over to the U.S. Treasury.

The IRS can still withhold refund checks for 2008 from taxpayers if they didn't file returns for 2009 and 2010.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 124 481 17,865
MORTGAGES 127 530 20,565
FORECLOSURE NOTICES 4 48 2,693
BUILDING PERMITS 195 891 36,836
BANKRUPTCIES 52 262 11,426
BUSINESS LICENSES 24 139 5,848
UTILITY CONNECTIONS 26 116 6,830
MARRIAGE LICENSES 26 133 4,049