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SC Taxpayers Haven't Claimed $11 Million for 2007

1:24 PM, Feb 28, 2011   |    comments
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Columbia, SC (WLTX) -- Tax officials say 12,400 taxpayers in South Carolina have not claimed more than $11 million for the 2007 tax year.

According to officials with the Internal Revenue Service, $11,132,000 is available to taxpayers who have not filed a tax return for 2007. They estimate that the median potential refund is $561 for South Carolinians.

IRS officials say those interested in claiming the money are required to file a 2007 federal income tax return by April 18.

Across the nation, $1.1 billion in refunds are available to those who have not yet filed their returns, and authorities say nearly 1.1 million people have not filed federal returns for 2007.

Officials say they believe that some people did not file because they had too little income to require them to file a return. Typically when a taxpayer doesn't file a return, they have a three year period to claim a refund. After those three years are up, the U.S. Treasury keeps the money.

Current and prior year tax forms and instructions are available on the Forms and Publications page of IRS.gov or by calling toll-free 1-800-TAX-FORM (1-800-829-3676).

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