Losing a Fortune – By Not Filing Your Tax Returns?
Essex & Associates:: www.essexinc.biz March 28, 2011
Did you know that if you don't file your tax return within three years of the due date, you lose your entire IRS refund? Right now, there is $1.1 billion about to disappear in 2007 tax refunds.
The first thing to do this month is pester your procrastinating friends, offspring and relatives to file that 2007 tax return before April 18.
There was an American Airlines pilot who faithfully paid $10,000 each year with his extension, in addition to the withholding from his wages? He didn't bother filing a tax return for 10 years.
When he finally caught up, he had major refunds each year – and lost over $100,000 plus interest. Don't let that happen to you, or anyone you know. Unless, of course, you want to help clear up the present national debt of $14 trillion or so.
Wishing you many happy returns,
Wayne T. Essex Ph.D.
Essex & Associates
Tax, Accounting, HR, Payroll
7501 Paragon Road
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