Nearly 17,000 Oklahomans who failed to file 2008 federal tax returns are owed almost $15 million in refunds that they will lose unless they file a return by April 17, the Internal Revenue Service said Thursday.
The IRS estimates half of the refunds due to the 16,800 Oklahoma taxpayers are more than $620.
IRS Spokesman David Stell in Oklahoma City said the IRS has received W-2, 1099 forms or quarterly estimated payments from the taxpayers, but no corresponding tax returns for 2008. The most likely reason people didn't file was that they had too little income, Stell said.
“This is their deadline,” Stell said.
Those non-filers also could potentially be due even more, Stell said. Some people, especially those who did not receive an economic stimulus payment in 2008, may qualify for the Recovery Rebate Credit. Many low- and moderate-income workers also may not have claimed the Earned Income Tax Credit.
Nationally, the IRS has in its possession more than $1 billion in refunds for 1 million people who did not file a federal income tax return for 2008.
Most taxpayers who failed to file have a three-year window for claiming a refund, the agency said.
If no return is filed to claim a refund within three years, the money becomes property of the U.S.
The IRS may hold checks of taxpayers seeking a 2008 refund if they have not filed tax returns for 2009 and 2010. The refund also will be applied to any amounts still owed to the IRS, and may be used to offset unpaid child support or past due federal debts such as student loans.
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Tax forms and instructions are available on the Forms and Publications page of IRS.gov or by calling (800) TAX-FORM (829-3676). Taxpayers who are missing Forms W-2, 1098, 1099 or 5498 for the years 2008, 2009 or 2010 should request copies from their employer, bank or other payer. If these efforts are unsuccessful, taxpayers can get a free transcript showing information from these year-end documents by ordering it on IRS.gov, filing Form 4506-T, or by calling (800) 908-9946.