(Part 1 of 2) In May 2007, IL State Treasurer State Treasurer Alexi Giannoulias stated that the state's "Cash Dash" program currently holds nearly 1.4 Billion dollars in Illinois unclaimed money. (...)" />

June 14, 2009

Tracking Down Missing Money in IL – Part 1 of 2

(Part 1 of 2)

In May 2007, IL State Treasurer State Treasurer Alexi Giannoulias stated that the state's "Cash Dash" program currently holds nearly 1.4 Billion dollars in Illinois unclaimed money. The only thing standing between the cash and its true owners is the knowledge that it's out there waiting to be claimed and the knowledge to find it.

Sadly beyond just IL, state treasury departments across the nation keep on taking in more unclaimed money every year than they return to the people. Due to the fact that everyone believes in the old "if it's too good to be true" saying, the majority of people refuse to believe that there are really tens of billions of dollars that can be claimed nationwide. Even for those few who have come to accept the truth about unclaimed cash, the best way to find these monies eludes them most of the time.

The Prairie is State is one of only a few states that holds over 1 billion dollars on its own, which means if you are a resident of IL then you have even greater odds of finding a claim in your name, especially after you consider that the state has just under 13 million people and there are over 10 million names on the state's IL list.

Even though there are quite a few more, IL names the following as the most common types of missing money: unpaid wages or commissions, abandoned savings and checking accounts, bonds, stock, un-cashed dividends, mutual funds, credit balances, customer deposits or overpayments, safe deposit box contents, money orders, refunds, paid-up life insurance policies, travelers checks. Anyone who has had or knows someone who might have had one of these accounts at some point in the past is encouraged to search regularly.

(to be continued)

Unclaimed property auction sends money to state school fund – Portland Tribune
Oregon’s Department of State Lands hosts an auction Saturday, June 20, in Salem of unclaimed property. The auction starts at 9:30 a.m. at Parrish Middle School, 802 Capitol St. N.E. A preview is planned Friday, Jun 19, from 1 to 4 p.m. at the …

Amending Income Tax Returns Can Save Thousands – Christian Post
Often taxpayers feel after they have filed an income tax return that they are etched in stone. Though you want this to be the case as no one likes to tax returns twice, frequently having a CPA critique your past returns, especially if you are a …

State Treasurer has tens of millions of dollars in unclaimed property (Dayton Courier)
State Treasurer Kate Marshall produced an economic stimulus plan of sorts earlier this year, telling legislators that several of them are on a list of Nevadans owed money or other items of value from an unclaimed property account — but they first must file a claim.

Mets fans search for unclaimed money (WABC-TV New York)
Many New Yorkers have money coming to them that they don't know about.

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