Claim Your 2003 Tax Refund Or Lose It

Gripe about paying your taxes? If so, you are one of millions of Americans. The odd thing, of course, is millions of us also fail to get the tax refunds we are do!

Could you use some extra money to pay taxes and bills this year? You might want to look through your records to your 2003 tax return. If you were due a tax refund, did you actually get it? You might be surprised to learn that many people don’t. In fact, over 1.8 million people failed to claim billions of dollars in refunds for 2003.

Ever read those lists of the richest people in the world? You know, the billionaires like Bill Gates and Warren Buffet. Well, taxpayers are turning the IRS into a billionaire. They are doing it by failing to claim a couple billion dollars in refunds in 2003. Who would have thought people liked the agency that much?

I get a headache thinking of the things I could do with one billion dollars, much less two. I imagine the IRS feels the same way. Think of all the audits they could fund, but why the surplus?

1. You just didn’t file a tax return because of family or personal matters.

2. If you left a salaried job and opened your own business, you can easily overpay.

3. You moved and didn’t tell the IRS.

4. You got married, changed your name and forgot about taxes collected under your old name.

5. You kept bad records of tax payments and believe you paid less then you really did.

Can you imagine just throwing 1,000 out the window of your car? If you haven’t claimed your 2003 refund, you are about to do just that. After April 17th of 2007, it expires. That’s right, you lose it and the IRS gets to spend it as it wishes!

2003 may seem like a long time ago, but a trip to the past can be profitable. If you could use an extra grand, and who can’t, you may be able to get it by checking your records for the year. Don’t assume you received a refund. Make sure. You might just be surprised.

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