Unclaimed 2021 Tax Refunds – Act Now and Check Your Eligibility

The Internal Revenue Service recently released information for tax payers who may be eligible for unclaimed refunds if they did not file their 2021 tax returns. These eligible tax payers must file by the April 15^th deadline in 2025 to continue to be eligible if they do not owe a tax payment for prior tax years to the IRS or a state agency. Additionally, if tax payers have not filed for 2022 and 2023 tax years, they could have 2021 refunds withheld. Tax payers have up to three years from the tax filing due date, to file returns or their refund(s) could be sent to the U.S. Treasury if filed outside of the three-year window.

Tax payers could also lose eligibility for any refundable tax credits, such as Earned Income Tax Credit (EDTC), Recovery Rebate Credit (RRC) or other applicable credit by missing the filing deadline for 2021 tax returns. According to the IRS’s  State by State estimates of individuals who may be due 2021 income tax refunds, there are approximately 116,300 people who have unclaimed refunds available and should act now. Tax payers will not receive any penalties for filing late if a refund is owed. Refer to  Publication 17, Your Federal Income Tax (For Individuals) for more information on whether a tax return needs to be filed.

If you have any questions regarding your state and/or federal tax return(s) or received a notice from the IRS, FTB, EDD or any other regulatory agency, please call or email Wilson Tax Law Group, APLC, to setup a consultation with our firm.

Wilson Tax Law Group, APLC is a boutique Orange County tax controversy law firm that specializes in representation of individuals and businesses before federal and state tax authorities with audits, appeals, FBAR, offshore compliance, litigation and criminal defense.  Firm founder, Joseph P. Wilson, is a former Federal tax prosecutor and trial attorney for the IRS and California Franchise Tax Board.  Wilson Tax Law Group, APLC, is comprised of former IRS litigators & Special Agents, and Assistant US Attorneys from the US Attorney’s Office, Central District of California, Tax Division, which at the time handled both civil tax lawsuits and criminal tax prosecutions on behalf of the United States of America.

For further information, or to arrange a consultation please contact: Wilson Tax Law Group, APLC

Tel: (949) 397-2292 (Newport Beach Office) 

Tel: (714) 463-4430 (Yorba Linda Office)

Disclaimer: This blog post is for informational purposes only and does not constitute legal, tax or financial advice. Please consult with a qualified attorney, accountant or financial advisor for specific guidance related to your circumstances.