| A taxpayer becomes eligible for tax refunds when the | | | | must be met. These are:o The IRS will consider your |
| amount of taxes paid is more than the tax liability. Tax | | | | claim only if the postmark on your mail is prior to the |
| refunds are also known as tax rebates. There may be | | | | due date for filing tax refunds. This due date considers |
| several reasons for claiming tax refunds. This could | | | | any extension to the filing date. This mailing rule applies |
| include the need to change the filing status, report | | | | to the US Postal Service as well as other |
| extra income, change exemptions, claim tax credits | | | | IRS-designated private delivery services.o A refund |
| that have previously not been taken and claim | | | | can be claimed within two years of paying your tax or |
| additional dependents. | | | | within three years of filing your tax returns, whichever |
| Things to Keep in Mind before Filing Tax Refunds | | | | is later.o If you file a joint return with your spouse |
| Here is what you need to bear in mind while filing tax | | | | whose refunds are being withheld by the IRS due to a |
| refunds:o You should state all the justifications for your | | | | debt, you get six years from the date of the IRS |
| refund claim. This is important because in case the IRS | | | | notice for the withheld tax refunds.o You have seven |
| rejects your claim and you file a court suit, you will not | | | | years from the date of a debt or securities becoming |
| be able to argue the case on the basis of the grounds | | | | worthless to file a claim based on this.o If a taxpayer is |
| that you have not mentioned in the refund claim.o Your | | | | physically or mentally impaired and hence unable to |
| filing for a tax refund should include all supporting | | | | tackle financial dealings, the time limits are suspended. |
| documentation. Without this, the IRS will reject your | | | | In order to be eligible for this, the period of impairment |
| claim. | | | | must be expected to last for at least a year. The time |
| Time Limits for Tax Refunds | | | | limits come in affect when an impaired person has an |
| For a successful filing of tax refunds, certain time limits | | | | authorized guardian for handling his/her financial affairs. |