The U.S. Treasury is holding unclaimed property of more than $1 Billion in federal tax refunds for an estimated 1 million taxpayers who did not file a 2021 federal income tax return, but had 2021 federal tax withheld or paid 2013 estimated tax payments.
Here’s the problem—–anyone that has a claim to part of that $1 Billion in refunds, has to file a 2021 tax return by April 2021 or their refund becomes the property of the U.S. Treasury.
There is generally no penalty or interest when a return has a refund, if that is a concern related to filing.
Go to www.irs.gov to get 2021 tax forms and instructions.
See IRS You Tube Videos or IR-2017-72 for more information.