(Part 1 of 2)

The state of California’s unclaimed money program takes in approximately three hundred million dollars each year. What’s it to you? Well, if you or someone you know is or has been a resident of the Golden State (or ever had any type of business dealings, whether you were aware of it or not), a chunk of that big heap of California forgotten funds could easily belong to you!

Under the CA unclaimed funds law, missing money like forgotten checking and savings accounts, uncashed checks and money orders, mineral deposits, salary checks, cash and stock dividends, state of California unclaimed tax refunds, gift certificates, and other assets are handed over to the Treasury Dept. if the rightful owners don’t locate them within a certain time period. This ‘dormancy period’ varies from state to state, but in California it is three years. These abandoned assets then go to the California unclaimed property div, where they sit in the state’s general fund until they are returned to the people they truly belong to. This is where state officials in-charge of the California unclaimed cash were criticized recently. It seems that they were eager to locate and take hold of the lost assets from the various establishments holding on to them but but were less than enthusiastic about tracking down the owners in the California unclaimed money database.

(to be continued)

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Unclaimed Tax Money Awaiting Hoosiers – Greensburg Daily News
Unclaimed refunds adding up to more than $1.3 billion are awaiting nearly 1.4 million people who did not file a federal income tax return for 2006, the Internal Revenue Service recently announced. However, to collect the money, a return for 2006 must …

Millions Of Unclaimed Money Awaits On NC Website (WFMY News 2 Greensboro)
The state of North Carolina has $600 million dollars of unclaimed money. That means you could have anywhere from $10…to $10,000 waiting for you…but you just might not realize you’re owed the money.

IRS may have money for those who haven’t filed 2006 tax return (Vallejo Times-Herald)
Some 160,000 Californians may lose more than $150 million in tax refunds if they don’t file their 2006 tax return by April 15, Internal Revenue Service officials announced.More than $1.3 billion in unclaimed refunds await nearly 1.

Take your royalty checks, SoundExchange begs (Los Angeles Times)
Money is piling up from digital music streams, and the nonprofit has to track down artists who don’t know. Then it has to convince them it’s not a scam. When John Boydston got an e-mail from SoundExchange saying he had several thousand dollars in unclaimed royalties, he did what most sensible people would do. He ignored it.

Unclaimed lotto, life insurance, shares and forgotten … – Adelaidenow
Between the cash sitting in forgotten bank accounts, life insurance and shares, lotto winners who are yet to come forward and money owed in inheritance, millions of dollars await their rightful owners. Australian Securities and Investments Commission …