Claim Your 2003 Tax Refund or Lose It

By: Richard Chappoe

Get a nice warm feeling when your tax refund check comes in? Well, you might want to check if you got it for your 2003 taxes. Over 2 billion went unclaimed and are about to expire.

Could you use some extra money to pay taxes and bills this year? You might want to look through your records to your 2003 tax return. If you were due a tax refund, did you actually get it? You might be surprised to learn that many people don’t. In fact, over 1.8 million people failed to claim billions of dollars in refunds for 2003.

Imagine balancing your bank account and finding you had TWO BILLION dollars more than you should. Well, this is what the IRS found for the 2003 tax year. Yes, taxpayers have left a couple billion dollars on the table. This averages out to more than a grand per person that failed to claim the refunds. There are roughly 1.8 million of you.

You are probably wondering how so many people could leave tax refunds at the IRS. It is often a matter of record keeping. Most of us make mistakes here and there and they add up.

1. Your employer withdrew taxes from your paycheck, but you didn’t file.

2. You worked on and off and forget you paid taxes during one of the on times out of your paycheck.

3. Tax refunds are not forwarded by the postal office if you moved.

4. You got married, changed your name and forgot about taxes collected under your old name.

5. You kept bad records of tax payments and believe you paid less then you really did.

Expiring. It is a terrible word, but one you need to focus on. You have only 3 years to claim any refunds you are due. Since you filed 2003 taxes on April 15, 2004, the right to get the refund is about to expire. The critical date is April 17th this year, so act fast or lose the money!

Hate paying taxes? Hate preparing your taxes? Well, you are probably starting to really feel that way as April 17th starts to get closer and closer. You can numb the pain, however, by going back and getting your 2003 refund.

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Richard A. Chapo is with BusinessTaxRecovery.com - save money with tax credits.
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