IRS has $110 Million in unclaimed returns

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The Internal Revenue Service is looking for 115,478 taxpayers who are due refund checks worth about $110 million.

The checks were mailed but returned as undeliverable.

The refund checks, averaging about $950 each, can be claimed as soon as taxpayers update their addresses with the IRS. Some taxpayers have more than one check waiting.

“The IRS makes it as easy as possible for taxpayers to update their addresses and claim their refunds,” said IRS spokesman Richard Morgante. “Taxpayers should not miss out on getting their money back.”

A taxpayer can also ensure the IRS has his or her correct address by filing IRS Form 8822, the change of address form. Call 1-800-TAX-FORM (1-800-829-3676) to have the form delivered through the mail.

Undeliverable refunds account for less than one-tenth of one percent of all refunds. So far in 2007, the IRS has processed nearly 105 million refunds, totaling about $240 billion.