Unclaimed tax returns may return to GovGuam - KUAM.com-KUAM News: On Air. Online. On Demand.

Unclaimed tax returns may return to GovGuam

by Ken Quintanilla

Guam - It's been over three weeks since the Department of Administration started distributing millions in unclaimed tax refunds. But starting next month some of the unclaimed refunds may be return back to the Government of Guam.

One million dollars - that's how much out of $19 million in unclaimed tax refunds have only been processed or picked up by taxpayers who have had unclaimed refunds sitting at DOA for years. DOA director Benita Manglona said, "So I think it has been successful, we've been able to reach out to one thousand people that's a very big contribution to the economy especially to people's economy that didn't expect or know they had money sitting here at Department of Administration."

The publication of names for those with unclaimed tax refunds is the first for the government as an attempt to reach out to taxpayers. In years past, refunds unclaimed for four years would go straight back to the government. And of the 6,000 unclaimed checks, a portion date back to 2009. "So we're looking at sometime in June when those that remain unclaimed it will escheat to the Government," Manglona said.

Governor Eddie Calvo has stated he would hope taxpayers would claim their refunds before such action should take place. Legislation has been introduced to instead deposit that money into an Income Tax Refund Reserve Fund for issuance of future income tax returns. Bill 100 authored by Speaker Judi Won Pat went up for a public hearing last week. Another measure currently is on May session agenda and would appropriate $3 million escheated to the General Fund to pay for unfunded GovGuam obligations.

Manglona says she supports both measures and says GovGuam is now in a different predicament than it was a few years back when over $300 million was owed to taxpayers. She says today taxpayers are filing on time because they know this administration is working to get tax refunds out on a timely manner. "So it's sometimes hard to envision that it's really happening, that we're caught up and we're updated and we're making every effort to make sure we're updated with the tax refunds because that's our priority of our administration," she said.

For inquiries of unclaimed tax refund checks call 477-1007, 477-0080 or 475-1266 or email at unclaimed.checks@doa.guam.gov. You can also view the list of unclaimed tax refund recipients in the governor's newsletter at governor.guam.gov

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