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FGMSD-77-9 1 (1977-08-04)

handle is hein.gao/gaobaacog0001 and id is 1 raw text is: DOCUMENT RESUME 03103 - rA21733071 rrrocedures Used by the Internal Revenue Service to Provide Taxpayers with refunds Not Initially Delivered by the Postal Servicel. FGMSD-77-9; B-137762. August 4, 1977. 6 pp. Report to Jerome Kurtz, Commissioner, Internal Revenue Service; by D. L. Scantlebury, Director, Financial and General Management Studies Div. Issue Area: Accounting and Financial Reporting (28001. Contact: Financial and General nanagement Studies Div. Budget Function: Miscellaneous: Fiuancial Management and Information Systems (1002). Organization Concerned: Department of the Treasury. Congressional Relevance: Rouse Committee on Ways and Means: Oversight Subcommittee; Senate Committee on Finance: Taxation and Debt Management Generally Subcommittee. Internal Revenue Service (IRS) procedures are generally adequate for providing undelivered refunds to taxpayers who file income tax returns in the year following the one in which the refunds were undeliverel. owevert IRS needs to taks ction 'o deliver unclaimed tax cefunds +o some taxpayers who may not file tax returns in succeeding years. Findings/Conclusions: As of December 31, 1975, IRS was holding abaut 325 million in refunds belonging to nearly 200,000 individual taxpayers whose refund checks were returned as undeliverable by the Postal Service. Followup letters have been partially successful in locating taxpayers entitled to tax refunds. Of the 352,000 refund checks returned in 1975, IRS was able to redeliver 248,000, or 71%, of the checks to the taxpayers. However, in cases whc're tax refunds are paid when taxpayers file their succeeding year returns, as much as a year could pass before the refunds are sev-. TRS ,rocedures should be designed to locate a greater number of taxpayers entitled to undelivered refinds and to do it more promptly. Recommendations: The Commissioner of the Internal Revenue Service should: (1) furnish the news media with lists of :nidividuals entitled to unlelivered tax refunds; and (2) determine if information in the Social Security Administration's benefit file would be useful in locating individuals entitled to undelivered ta- refunds, and, 4f so, develop a procedjre for using such information. (SC)

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