(Part 2 of 2) Because money is always being added to the fund, it is important to search regularly, not just one time. (...)" />

April 15, 2010

Searching For Unclaimed Assets in IL – Part 2 of 2

(Part 2 of 2)

Because money is always being added to the fund, it is important to search regularly, not just one time. Money owed to you could be added tomorrow, or next week, or next month, or depending on the type of property in 5 years if that's the proper dormancy period. Each type of property has its own dormancy period in each state, after which state laws require the holder to turn it over to the state who will then hold on to it until the true owner steps forward to claim it.

Additionally, residents of IL may be owed unclaimed money in other states even if they've never resided in or even been to them. Things like insurance overpayments when an employer uses an out of state insurance company can result in found money located in other states. Issues often also come up corporations' headquarters are in another state.

The bottom line is that the state of IL is currently home to a massive amount of money that is owed to its residents who just need to learn the correct ways to search, where to search, and how often to search. Learning these search tips from experienced funds locators in this field can greatly enhance your abilities to locate your money.

IRS holding $1.3B in unclaimed refunds – msnbc.com
Forget about your 2009 tax return for a minute. If you didn't file one for 2006, you might be missing out on some money from back then. But you're quickly running out of time to claim it. Three years ago, more than 1.4 million individuals apparently …

Del Mar Mesa board hears county treasurers property tax report, possible refunds
County Treasurer and Tax Collector Dan McAllister held the Mesa planning board in rapt attention at its April 8 meeting, explaining the local economy and property taxes for fiscal year 2009 – 2010. They were curious about the white binder McAllister passed around listing Unclaimed Property Tax Refunds, updated April 1, 2010. McAllister also explained that property tax discounts might be …

$1 credit due taxpayers required by Constitution – Honolulu Star-Bulletin
… been able to get a response from the state Department of Taxation about how much would be at stake if every qualified person did not take the credit, what happens to the unclaimed money or whether the department actually sends out $1 checks to …

Unclaimed Property Bureau Returns Record $2.4M – News Channel 2000
Florida's Bureau of Unclaimed Property said it set a state record last month when it returned $22.4 million in unclaimed property. Residents can check online to see if they are owed money or property. Unclaimed property ranges from insurance checks …

Permalink • Print • Comment

Trackback uri

http://www.illinois-unclaimed-money.com/blog/2010/04/15/searching-for-unclaimed-assets-in-il-part-2-of-2/trackback/

Leave a Comment