IRS says Tennesseans owed $12.8 million for 2010

IRS says Tennesseans owed $12.8 million for 2010

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By SAMANTHA MANNING
6 News Reporter

KNOXVILLE (WATE) - The Internal Revenue Service said around 16,300 Tennesseans who didn't file their tax returns in 2010 are due refunds totaling more than $12.8 million.

The IRS said those who are owed refunds have a deadline of April 15 to file their 2010 tax return in order to collect the money before it becomes the property of the U.S. Treasury.

6 News spoke with a Knoxville CPA about how people can find out whether they are owed money.

"One group are people that are legitimately owed money," CPA for Conry-Taylor & Morrow CPAs Patricia Taylor said. "They're probably students that have lost their W2s. I think that it's also people that maybe have moved or have gotten sick or for some reason haven't filed."

If you're unsure whether you filed in 2010, you can go to IRS.gov and request a tax transcript.

"In seven to ten days, the IRS will send them a transcript and they can see their W2 and what was withheld," Taylor said.

If a transcript exists, that means you did file. If not, you still need to file your taxes for that year.

The IRS said many of the Tennesseans owed money are likely people who were not required to file a tax return because they made less than the minimum income requirement. That often applies to students and other part-time workers.

There is no penalty for filing late for a refund but in taxpayers must have filed their 2011 and 2012 tax returns in order to receive the 2010 refund.

According to the IRS, more than 900,000 people who did not file a tax return in 2010 are due almost $760 million in refunds nationwide.

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