Article Date:
November 2010

Word Count:



Say Good-bye to Unclaimed Tax Refunds



I have not filed a tax return for the past five years. I’m not worried about it because I know that tax penalties are assessed based on the dollar amount owed. Since I owe nothing, I face no penalties. Do you have any thoughts on this? (J.D., Boulder, Colo.)




Yes, we have thoughts. Thanks for helping with the deficit. Unknowingly, you have made some cash gifts to the government.


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