Time is Running Out – Your Action May Be Required Now!
Something New!
When The Rightful Owner website was created many years ago, the focus was simple…..provide information and resources to assist all readers in claiming property rightfully owned, but held in places our readers might not know even existed. That single focus has worked well over the years and has allowed many readers to claim and receive property that would otherwise still be unclaimed. But, times change and so does the need to expand and enhance the focus of The Rightful Owner. While plans are still being made on how the new changes will be delivered, the expanded and enhanced focus will concentrate on areas that we believe are not being currently addressed to prevent unclaimed property from being created in the first place and to learn from the stories of those known to have created unclaimed property…….. stressing why it probably got placed into the unclaimed property classification in the first place and why it still [...]
Massachusetts State Treasury connects citizens with their abandoned property
Searching for Unclaimed Property Are you the rightful owner or heir of abandoned financial property in Massachusetts? Search for unclaimed property and find out. The Unclaimed Property Division is holding over $2.4 billion in unclaimed funds for the citizens and businesses of the Commonwealth. We hold these lost funds until they are claimed by either the original owner or their heirs. The Unclaimed Property division of the Massachusetts State Treasury connects citizens with their abandoned property such as bank accounts, uncashed checks, stocks or dividends, insurance policies, or the contents of safe deposit boxes. We hold this reported property until the rightful owner or heir claims it. Unclaimed property can include bank accounts, uncashed checks, stocks or dividends, insurance policies, or the contents of safe deposit boxes. It does not include real estate or vehicles. The state holds the property until the rightful owner or heir claims it. https://www.mass.gov/searching-for-unclaimed-property
States go after unclaimed property, use it to patch budgets
By Adam Geller and David Crary, AP National Writers When Americans lose track of money — in old, neglected bank accounts, paychecks they forgot to cash, unredeemed life insurance policies and the like — state governments are increasingly aggressive in taking control of the cash. Now, with those efforts swelling state coffers by more than $40 billion and lawmakers using some of it to patch budget holes, new skirmishes are breaking out between states and companies with their own interest in holding on to the unclaimed property. Companies accuse states of overreaching, imposing what amounts to a "stealth tax." State officials counter the businesses are more concerned with keeping the assets themselves. Both sides acknowledge it's not their money, while pointing out that many owners are unlikely ever to come forward. Critics say those rightful owners too often get short shrift. "The analogy is to finding somebody's lost wallet. In Minnesota, anyway, we give people [...]
Time is Running Out—Your Action May Be Required NOW!
The U.S. Treasury is holding unclaimed property of more than $1 Billion in federal tax refunds for an estimated 1 million taxpayers who did not file a 2021 federal income tax return, but had 2021 federal tax withheld or paid 2013 estimated tax payments. Here’s the problem-----anyone that has a claim to part of that $1 Billion in refunds, has to file a 2021 tax return by April 2021 or their refund becomes the property of the U.S. Treasury. There is generally no penalty or interest when a return has a refund, if that is a concern related to filing. Go to www.irs.gov to get 2021 tax forms and instructions. See IRS You Tube Videos or IR-2017-72 for more information.
IRS Has $760 Million for People Who Have Not Filed a 2010 Income Tax Return
WASHINGTON — Refunds totaling almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a federal income tax return for 2010, the Internal Revenue Service announced today. However, to collect the money, a return for 2010 must be filed with the IRS no later than Tuesday, April 15, 2014. "The window is quickly closing for people who are owed refunds from 2010 who haven't filed a tax return," said IRS Commissioner John Koskinen. "We encourage students, part-time workers and others who haven't filed for 2010 to look into this before time runs out on April 15." The IRS estimates that half the potential refunds for 2010 are more than $571. Some people may not have filed because they had too little income to require filing a tax return even though they had taxes withheld from their wages or made quarterly estimated payments. In cases where a return was not filed, [...]
Controller’s New eClaim Feature for Unclaimed Property Sends $1 Million to Owners
SACRAMENTO - State Controller John Chiang today announced his new online claiming feature for unclaimed property has already resulted in nearly $1.1 million in payments with an average wait time of 10 days. The new eClaim innovation, launched on January 28, allows unclaimed property ownersto claim single-owner accounts worth up to $500 without the "paper and snail-mail"process used since the unclaimed property program was established in 1959."In less than one month, nearly 15,000 unclaimed property owners were able to claimonline and quickly receive more than one million dollars owed to them without having tomail in forms and wait," said Chiang. "I am pleased that this technological advancementallows unclaimed property owners a fast and easy way to recover their lost or forgottenaccounts." Of the 24.9 million unclaimed property accounts being safeguarded by the Controller'sOffice, 18 million are eligible to be claimed through eClaim, and property owners canexpect to receive payments within 14 days. Depending on feedback [...]