Washington (Nov. 26, 2003) -- Internal Revenue Service commissioner Mark W. Everson reminded taxpayers they have until Dec. 5 to claim undelivered checks from this summer's advance child tax credit. After the December cut-off, taxpayers cannot claim the money until they file their tax returns next year.

Taxpayers need to update their addresses with the IRS by Dec. 5 so their checks, which total more than $50 million, can be reissued. Taxpayers who miss the cutoff won't miss their child tax credit, however: they simply claim the credit when they complete their 2003 tax return.  The IRS Web site, IRS.gov, can be used for this purpose.

"Our Web site makes it easy for taxpayers to track undelivered checks," Everson said. "Our goal is to get this money back in the hands of the people it belongs to, and we want to get the checks out as soon as possible."

"All we need is a good address," Everson said. "As soon as we get the correct address we can start the check on its way. I urge taxpayers to act before Dec. 5 for the advance payments so we can reissue the checks before the end of the year."

-- WebCPA staff

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