Does the IRS owe you money? - KTTC Rochester, Austin, Mason City News, Weather and Sports

Does the IRS owe you money?

Photo: MGN Online Photo: MGN Online

(CNN) -- Are you still awaiting your tax refund from 2011?

The IRS says you need to act now or else. By law, taxpayers have just three years to claim their refunds. So if they don't file their 2011 federal returns by April 15, that refund money goes to the U.S. Treasury Department.

The IRS has about $1 billion in unclaimed refunds.

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