How is it the IRS could PAY you for 2010?

The clock is ticking for taxpayers who did not file a 2010 tax return to do so if they want to claim a refund for that tax year.

Nationally, refunds totaling almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a federal income tax return for 2010, the Internal Revenue Service announced today. However, to collect the money, a return for 2010 must be filed with the IRS no later than Tuesday, April 15, 2014.

In Virginia, IRS spokesman Mark Hanson said that the estimated number of people due refunds is 26,300 with a median amount of $568 and a potential of $22,376,000.

Some people may not have filed because they had too little income to require filing a tax return even though they had taxes withheld from their wages or made quarterly estimated payments.

In cases where a return was not filed, the law provides most taxpayers with a three-year window of opportunity for claiming a refund.

If no return is filed to claim a refund within three years, the money becomes property of the U.S. Treasury.