Long Island IRS Refund

November 18, 2009 By EMI ENDO  

Quick Summary

IRS says 900 on LI are among those taxpayers due $123.5 million because checks came back "return to sender."

Photo credit: iStock File | A total of $1 million in refund checks from the IRS await Long Island taxpayers.

The IRS may be looking

for you - and you just might want to be found.

Taxpayers, including more than 900 on Long Island, are due to receive $123.5 million in refund checks that were returned because of bad mailing addresses.

"We are eager to get this money into the hands of taxpayers, so don't delay if you think you are missing a refund," IRS Commissioner Doug Shulman said in a statement. "The sooner you update your address information, the quicker you can get your refund."

A total of $1 million in refund checks await Long Island taxpayers. In Nassau, the average amount is $1,158; in Suffolk, it's $1,075.

To receive your refund, update your address. Go to IRS.gov and use the "Where's My Refund?" tool. Or call 800-829-1954 for instructions on how to update your address.

Nationally, the average amount of a returned check this year is $1,148, compared with $990 last year.

A higher number of refunds this year - likely fueled by the first-time homebuyer's credit and recovery rebate credit - has resulted in a corresponding rise in undeliverable refunds of about 16 percent.

The federal agency recommends using direct deposit to avoid undeliverable payments.

Once a year, some newspapers print the name of people owed an unclaimed IRS refund. You can see an example in this New York Daily News page.

Click here to find out if you are owed an IRS refund

Did you know that there are a few smart people out there taking advantage of this with a little known business finding unclaimed money?

They are called unclaimed money finders. Unclaimed money finders get a list of unclaimed money from the states treasury departments, and then help people and companies on the list recover their unclaimed money.

It is a very easy business as most people on the list aren't aware that they have the money being held for them.

Check out this unique and fun opportunity Who knows, you may even find your own money, besides a Long Island IRS refund!

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