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It’s hard to believe; however, failing to file a return when due a refund is on the IRS’s list of most common mistakes. In fact, the IRS has $2.2 billion for people who have not filed a 2003 tax return. The IRS estimates that half of those who could claim refunds would receive more than $611.
Taxpayers will forfeit refunds of withheld tax if a return requesting a refund is not filed within three years of the due date. So, if you failed to file in 2003, you can still get your refund, but your claim be made by April 17. (Of course, if you have some cash coming to you, you’ll want to file for 2004 and 2005 as well.)
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