The Buzz

If you need a little cash to smooth your way through the recession, the tax folks at H&R Block have an idea.

Block says 1 million taxpayers did not file tax returns in 2005 and that there are $1.3 billion in unpaid refunds from 2005 waiting to be collected.

The IRS only allows three years to claim a refund, Block says, and that means the 2005 refunds will expire April 15.

“The IRS estimates (that) 14,600 of those taxpayers are Kentucky residents,” says Lezlie Shivar, Block’s Lexington district manager. “They could be due an average of $588 for a refund if only they filed a return.”

Of course, Block is eager to help you file that 2005 return, but no one says you can’t do it all by yourself and save Block’s fee.

That win-win might just make your recession a little easier to take.

This entry was posted on Friday, March 13th, 2009 at 5:57 pm and is filed under Economy, Taxes. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site. Your comments will appear immediately, but I reserve the right to delete innapropriate comments.