November 30, 2011 9:26 pm

$153 Million in Undelivered Tax Refund Checks

Have you received a tax refund if you are owed one? The IRS reports that it is looking for 99,123 taxpayers who are owed $153 million in refunds. Their checks were undeliverable because of mailing address errors.

If you believe that you are owed a refund check, you can follow up in two ways:

  • Call the IRS’s Where’s My Refund? line at 800-829-1954.
  • Check the IRS web site (go to www.irs.gov and click on Where’s My Refund?)

Avoid delivery problems in the future by using the direct deposit option on your 2011 tax return. If you e-file your return, this expedites receipt of your refund.

Source: IR-2011-113, 11/30/11

Tags: Refunds
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Tax Glossary

Nonrecourse financing

Debt on which a person is not personally liable. In case of nonpayment, the creditor must foreclose on property securing the debt. At-risk rules generally bar losses where there is nonrecourse financing, but an exception applies to certain nonrecourse financing for real estate.

More terms