What about unclaimed refunds?

There could be scenarios where there wouldn’t be a need to be filing for return, although taxes have been withheld, due to low income on the other hand there are also situaions where one is eligible for refunds eventhough no tax has been withheld. The latter is called refundable earned income tax credit.

If you want to collect this money, file a return within 3 years from the return due date., failing which the money will become an asset for the treasury of the government. No penatilities would be assessed for filing a delayed return that is eligible for a refund. You could see the IRS publication and Forms section for current and previous year tax forms. A detailed information on earned income tax credit is also available on the website.

Undeliverable Refunds- Exercise Caution:

In case you did not receive a refund that was due confirm if the address given to IRS is the right one and also do not forget to check with the U.S. postal service. IRS’s ‘Where is my refund?’ feature enables you to update your address online. If you do not have a proper access to internet, do contact your tax preparer and notify IRS regarding the issue.

Following are the different things IRS.gov “en español” has provided for taxpayers this summer:

IRS.gov/Espanol is at your service all around the clock, every day IRS.gov/Espanol is accessible at any time of the day, on any day of the week for any tax-related needs or queries you have. The rich resource of information this website has ensures that individuals and businesses alike will find us unavoidable.

1. Obtain tax forms and publications in Spanish Visitors to IRS.gov/Espanol can view and download all tax forms and publications available in this website at all times of the day or night.

2. Experience the advantages of electronic filing From now onwards, you will not have to go through all the pains associated with filing their federal income tax. You can use the e-filing facility provided by IRS.gov/Espanol for online filing of your 2008 federal income tax return through October 15, 2009. Some taxpayers can use this facility for free and they can also go through the e-filing process quickly and easily. E-file is available in English or Spanish.

3. Get updates about your tax refund The online tool “¿Dónde está mi reembolso?” provided by IRS.gov/Espanol allows you to get updates about your refund no matter which way you chose to receive your refund.

4. Check your eligibility for the Earned Income Tax Credit With IRS.gov/Espanol, you can check whether or not you are eligible for EITC, which is a refundable tax credit received by employed people whose income is comparatively low. You only need to answer some questions and provide basic income information using the “Asistente EITC” to check your eligibility.

5. Find out how to avoid common scams Taxpayers will be able to find out what measures they need to take to avoid common scams like identity theft apart from familiarizing with the consequences these scams can have on their taxes.

6. IRS.gov/Espanol will be with you on financial instability The Internal Revenue Service has ensured that it will do everything possible in its capacity to help you out of your troubled waters. Whenever something unexpected like a job loss, debt forgiveness or tapping a retirement fund happens in your life you can search the website with the keyword “Qué pasa si” to find solutions regarding how to deal with the tax implications associated with the unexpected difficulty.

7. Remain updated with the help of “Multimedia Center” It is very important for the taxpayers to know about the latest amendments and new innovations made to tax-related matters. This can be achieved using the keyword “Centro Multimediático”, which will take you to video tax tips and audio podcasts on various IRS topics, which are available in English and Spanish versions.

IRS would help you to identify the Five Essentials about how to gain credit on tax for expenses spent on childcare. The Credit for Dependent and the Child Care can be availed
for the cost incurred all through the year and also especially during the hazy and idle summer days.

1.      The price of the daytime camp is a best example for the everyday expenditure

under dependent and the childcare credit unit.
2.      All night camp expenditure will not qualify.

3.      Tax benefit is for sure if the childcare taker is at your residence or at daycare

unit outside the residence and if you qualify for the credit.

4.      Actual credit depends on the individual income, which is at the qualifying expense

of 35 percent.
5.      One Qualified individual in a year can spend upto $3,000 of the non-reimbursable

expenses, similarly for more than two qualified individuals in a year can spend until

$6,000 to avail the credit.

For further details, including policy on claiming this benefit for your dependent below 13 years or more than that age whom you think is not capable to take care of self or for your partner, please go through Publication 503 of IRS, Dependent and Child Care Expenses.
The IRS publication is also made available on, IRS.gov or you can also contact

on 800-829-3676.