Refund tax? Did you mean your tax refund. I don't know, it could be me, but millions of people are searching for their "refund tax". I'm assuming they are referring to their IRS tax refund, but not to confuse anyone, that's what I am going to call it. The IRS is currently holding billions in this unclaimed money. There are two main reasons for this: 1. The person that filed the claim moved after filing it, and 2. The person never filed a claim but has overpaid on their taxes and has … [Read more...]
Free Search
There are plenty of places to do a free unclaimed money search, starting with the unclaimed funds page on this site. There you can click on any of the states links to get more information. You can also go to NAUPA. NAUPA stands for the National Association of Unclaimed Property Administrators. It is a non-profit organization affiliated with the National Association of State Treasurers and the Council of State Governments. MissingMoney, a Web site officially endorsed NAUPA contains the … [Read more...]
Pension Benefit Guaranty Corporation
The Pension Benefit Guaranty Corporation (PBGC) is an example of a federal program that is holding unclaimed funds. The PBGS is currently holding about $200 million for over 36,000 people. Many times people have pensions with companies and, for whatever reason, forget they have it or do not claim it. The PBGC helps locate people owed pension money and help them get it back. They do this with the Missing Participant Program. This locates people owed benefits from fully funded, PBGC … [Read more...]
IRS
Did you know that there is currently more than $1.3 Billion in IRS unclaimed tax money? It's true, and it belongs to over 1.3 million tax payers that did not file for a refund. There is a three year deadline, which really equates to a four year gap, between filing your money and losing it to the government. Unlike unclaimed state money which is held in perpetuity until it is claimed by it's owner, IRS unclaimed tax money goes back to the government if it is not claimed. I say … [Read more...]