Unclaimed Property Blog

The state of Arkansas is holding onto millions of dollars in unclaimed IRS refunds and one of those checks could belong to you. This is the message the Arkansas state government would like to extend to all current and former residents. Each year at tax time, the IRS is forced to issue millions of tax refunds to residents across the state. Sometimes these checks end up lost or misplaced and that results in the state holding onto the money until the resident can come forward. If you want to learn how to claim unclaimed IRS refunds in Arkansas, let’s follow the trail of a typical tax refund as it goes from the IRS to the Arkansas Treasury account vault.

our loan refund may become lost money, but you won’t even know it unless you put in the work to find out. Every year we Americans nationwide attempt to pay all of our loans off early. Car loans, house loans, loans to start up businesses – these are the loans that keep our economy going. Yet the interest rates on these loans can be sky-high, especially if the person doesn’t have the best credit. In an effort to save money, the Americans that are able to are paying off their loans early, thus eliminating much of the interest charges. What most of these former loan holders don’t realize is that paying off loans early is one of the primary reasons lost money exists. Let’s take a deeper look into this phenomenon to determine if you are one of those lucky former loan holders.

The Illinois money problem is getting so bad that State Treasurer Dan Rutherford is stepping in to help solve the missing money problem in Illinois. Rutherford announced late last year that the ‘Cash Dash’ missing money program would be renamed ‘I-Cash’. On top of that now it is being revealed that 780,000 names have been added to the list. Can you believe that? They put this program into place to solve this ongoing money problem and ended up finding more people who have missing money out there. I guess like most other situations, it has to get worse before it can get better.

It is important to understand how deposits work so that you can protect yourself in case that money ever comes up missing. While this is a rare occurrence, deposits go missing all the time and most of the time it is actually due to a clerical error either on the part of the bank or the account holder. This is actually pretty common amongst most financial institutions. The most important thing to note is that it is possible to get money back from old deposits. Once you begin to understand how and why these types of situations could happen, investigating an old deposit you made years ago will become a simple process.

There is a Kansas unclaimed money problem occurring in the state right now and state Treasurer Ron Estes is urging all current and former residents to try and find money in Kansas. This money originates from things like court deposits, dormant checking and savings accounts, insurance benefits, oil and gas royalties, safe deposit box contents, stocks and cash dividends, utility deposits, lost wages as well as many other reasons.

With over $3B in lost funds, New Jersey is one of many states that is having a hard time reconnecting all that loot with the rightful owners. As more money flows in at alarming rates, treasury officials are at a loss as to how to combat the problem. With budget cuts and the New Jersey lost funds department sparsely run, there isn’t enough time or money to alert millions of people that they might find lost funds in New Jersey. The problem is compounded by the fact that many New Jersey residents have never heard of lost funds in New Jersey. If more residents knew about the problem and had access to a simple search, the state might not be overrun by New Jersey lost funds.

With New Yorkers facing higher rates at the pump and higher prices at the food store, many residents are taking to trying to find missing money in New York. Jobs are scarce, unemployment is high, but luckily many people still have smartphones and computers, which means that most New Yorkers have a chance to find missing money in New York from anywhere in the state.

How Are People Finding New York Missing Money?

The state of Florida could use an economic boost and according to Florida missing funds managers, that boost could come from the unlikeliest of sources. The Florida state treasury is holding onto billions of dollars in unclaimed or missing funds. This money could come from any number of sources – abandoned bank accounts, unclaimed payroll checks, tax refunds – and unless the owner comes forward, the money will rest in the Treasury, where it is kept and managed. The Florida State Treasurer’s office hopes that more people come forward to search for and claim the Florida missing funds that may belong to them. If more people come forward, the state will get the economic boost it needs and Floridians everywhere will have more cash to spend and save.

When you search for lost cash, you might find an old 401K account that has grown much larger than when you last saw it. That’s what’s happening more and more as individuals conduct searches for money that somehow become lost and then ended up in State or Federal Treasury accounts across the country. A person typically starts a 401K account because it is offered by their employer. As they continue to work, they will add to their 401K account and oftentimes the employer will match their contributions to create an even bigger sum for the future. The idea, of course, is that the person will be able to retire on the healthy sum that results from years of working for the same employer. What happens, then, when the person changes jobs? What happens to the money in that 401K? As we’ve mentioned, many are finding this lost cash years later in 401K accounts that have long been abandoned.

The Cash Unclaimed database holds millions of names of individuals and businesses that may have lost or missing money owed to them. This database wasn’t always available and this made searching for lost or missing money incredibly difficult up until a few years ago. Prior to the development of the Cash Unclaimed database, individuals and businesses had a long and arduous road ahead of them if they wanted to uncover old missing payroll checks or abandoned bank accounts – two of the many sources of lost or missing money in the U.S.