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VOL. 127 | NO. 39 | Monday, February 27, 2012

IRS Says 18K Tennesseans Could Get 2008 Refunds

AP

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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.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 60 201 2,651
MORTGAGES 73 244 3,342
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 406 691 6,154
BANKRUPTCIES 41 181 2,127
BUSINESS LICENSES 25 98 1,015
UTILITY CONNECTIONS 35 218 2,258
MARRIAGE LICENSES 19 67 531

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