Accounting News

Thursday, December 1, 2011
$153.3 Million Returned

The IRS has reported that it could not deliver $153.3 million in refund checks due to address errors. The checks were returned by the postal service. That breaks down to 99,123 taxpayers owed an average of $1,547. This year the IRS sent out 199 million tax refunds for $358 billion.

To avoid mailing problems the best solution is to use direct deposit. Not only will the check avoid any mailing problems, it gets to you much faster, and it doesn't cost anymore. If you need any help setting this up just talk with your local accountant.

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