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$110 million looking for its rightful owners -- could you be one?

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Every time May rolls around, if I'm expecting a tax return, I start to wonder: What if the IRS got my address wrong? What if this is the time my mailman drops the letter in the gutter by accident? What if my check gets lost?

Evidently, my paranoia isn't all just imagination; every year, tens of thousands of refund checks are returned to the IRS as undeliverable. Could one of them -- or several -- be yours? The IRS is looking for 115,478 taxpayers whose refund checks were returned to them by the postal service. The checks aren't tiny, either -- they total $110 million and average just under $1,000. Some taxpayers have several checks sitting in the IRS bank account, just waiting for the government to get updated address information from you.

Update your address and check on your refund status at this IRS page; or download form 8822 to ensure the IRS has your most recent digits.

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Last updated: July 06, 2009: 09:56 AM

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