Uncashed IRS Check

Date: February 22, 2011
Posted In: DLP Law

                         Jim and his son Harrison were in the attic going through boxes with the intention of throwing away a lot of the accumulated items that were taking up space. In one of the boxes, Jim found an uncashed check from the IRS to Jim\’s father. What was interesting was the fact that the check dated back to the year 1955.

ISSUE:          Harrison inquired as to whether or not, one, the check was still good and two, would interest have accrued on the $208.00 over the last fifty six years.

ANSWER:     The check that was found by Jim and his son Harrison would still be honored by the IRS although a special form would have to be used. No interest though would be owed since the IRS fulfilled their obligation of issuing a check to Jim\’s father. If in fact the IRS had never issued the check and Jim\’s father was owed the money, then interest would have accumulated over the years.

Disclaimer: The above article is for instructive purposes only and each case is fact sensitive.  Consultation with an attorney should be obtained instead of reliance upon the legal issues discussed in this column. 

Tom Cummings
Thomas P. Cummings has been a Partner with Dougherty Leventhal & Price, LLP since 1996 and has been with the firm since 1991. He focuses his practice on workers’ compensation, Social Security Disability and personal injury cases.