Saturday, December 22, 2007

FTB Hoping to Return Nearly $10 Million in Unclaimed Tax Refunds

Released: December 20, 2007

The Franchise Tax Board (FTB) is trying to find more than 37,000 California taxpayers who are owed $9.8 million in state tax refunds that remain unclaimed.

“California taxpayers that have not received their 2006 refund can call the Franchise Tax Board and have a quick replacement check sent.” said State Controller and FTB Chair John Chiang.

This year FTB issued nearly 10 million refunds worth more than $8.4 billion. At issue are uncashed individual refunds ranging from a few dollars to more than $68,000. In many of the cases the refund checks are returned to the FTB as undeliverable by the U. S. Post Office because taxpayers have moved between the times they filed their taxes and the refunds were mailed.

FTB automatically reissues returned refunds once a new address is received. Taxpayers who have changed addresses are encouraged to call the FTB to update their address.

Taxpayers can check the status of their refund at the FTB Website The feature is available in English and Spanish.

Taxpayers may also check the status of their refund and update their address by calling (800) 852-5711 between the hours of 7 a.m. and 6 p.m., Monday through Friday.

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