IRS says Tennesseans owed $12.8 million for 2010
NASHVILLE, Tenn. (AP) - The Internal Revenue Service says more than 16,000 Tennesseans who didn't file their tax returns in 2010 are due refunds totaling more than $12.8 million.
The IRS says those who are owed refunds have a deadline of April 15 to file their 2010 tax return in order to collect the money.
There is no penalty for filing late for a refund. However, in order to get the money, taxpayers have three years to file a return to claim a refund.
Nationwide, more than 900,000 people who did not file a tax return in 2010 are due almost $760 million in refunds.
If the refund is not claimed within the three-year window, the money becomes the property of the U.S. Treasury.