In Time for the Holidays: FTB Seeks Owners of Tax Refunds
$10.5 Million in State Income Tax Refunds Undeliverable
The Franchise Tax Board (FTB) is trying to make the holidays a little easier for thousands of Californian taxpayers who are owed more than $10.5 million in tax refunds. However, the problem is finding the missing taxpayers.
“If you haven't received your 2005 tax refund, give us a call and we'll send it to you in time for the holidays,” said State Controller and FTB Chair Steve Westly.
This year FTB issued nearly 9.7 million refunds to California taxpayers averaging $811 per refund. More than 35,000 refunds were returned to the State as “undeliverable” by the U.S. Post Office. In many cases, the refunds were undelivered because people changed addresses between the time they filed their taxes and the refund checks were mailed.
“Taxpayers can elect to have their refunds electronically deposited directly into their bank account,” said Board of Equalization Chair and FTB Member John Chiang. “This is the surest way to avoid having their refunds returned to FTB.”
This year, more than $3.4 billion in refunds were deposited directly into taxpayers' bank accounts-a 17 percent increase over the prior year.
Taxpayers looking for a timely holiday check should call FTB at (800) 852-5711 between the hours of 7 a.m. and 6 p.m., Monday through Friday. Taxpayers may also check on the status of their refund at www.ftb.ca.gov. Once new address information is received, FTB will automatically reissue the returned refunds.