Info About Estimated Tax Refund

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For consumers who opt to file for bankruptcy around tax time, the idea of losing a sorely needed tax refund check is a legitimate concern. Luckily, there are ways to prevent all or a portion of a tax return from being seized by a bankruptcy trustee to pay creditors.
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Every year, taxpayers file federal tax returns with the Internal Revenue Service, and many receive refunds. These days, as more people e-file, the money goes directly into a bank account via direct deposit. In the case of check refunds for taxes, however, taxpayers might move and forwarding orders don't always lead to the refund check being delivered.
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According to IR-2009-101, the IRS anticipates an increase in tax refunds for the 2010 filing season. Limited-time credits and deductions like the first-time home buyers tax credit and the 2009 car tax deduction for new automobile purchases are expected to fuel this increase.
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The IRS announced that it has billions of dollars for taxpayers who did not file a return for 2006 and are due a refund. Taxpayers can file un-filed returns to claim a federal refund up to three years after the original tax due date. The money the IRS holds in unclaimed refunds is returned to the United States Treasury after three years. Currently, the unclaimed refunds for tax year 2006 is due to go to the government by April 15, 2010.
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