Washington (Oct. 28, 2003) -- Internal Revenue Service commissioner Mark W. Everson reminds taxpayers they have until Dec. 5 to claim 115,744 undelivered checks from this summer’s advance child tax credit. After the December cut-off, taxpayers cannot claim the checks until they file their tax returns next year.

These undelivered checks are among nearly 24 million issued this summer and fall for the advance child tax credit. In all, more than $14 billion in child credit checks have been issued. “Time is running out to get an advance child credit check,” Everson said. “All we need is a good address. As soon as we get the correct address we can start the check on its way. We urge taxpayers to act before Dec. 5 for the advance payments so we can reissue the checks before the end of the year.”

Taxpayers who have moved since filing their last tax return can ensure the IRS has their correct address by filing Form 8822, Change of Address, with the IRS.

In all, the IRS has money for more than 200,000 taxpayers whose income tax refund or advance child tax credit checks were undelivered and returned to the agency. Taxpayers need to update their addresses before the IRS can reissue the checks, which total more than $118 million.

In addition to the 115,744 child credit checks worth more than $50 million, there were another 92,810 “regular” tax refund checks, those issued to refund tax overpayments, returned to the IRS as undelivered. These “regular” refund checks total more than $66 million - an average of $722 per check.

-- WebCPA staff

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