Time is running out to claim refunds

The IRS reminds taxpayers that tax refunds for the year 2011 remain unclaimed by a million taxpayers who failed to file a return for that year. The tax law provides a three-year period for claiming a refund when no return is filed. That means these individuals must file a tax return for 2011 no later than Wednesday, April 15, 2015, or their refunds will be lost.