Uncashed Tax Refunds in Mississippi

More than $669,000 in tax refund checks went uncashed this year by Mississippi residents, mostly because people did not tell the Internal Revenue Service or the post office when they moved, according to the government.

If you are interested in finding out if you are due unclaiemd money, you can trust the folks at http://www.unclaimedmoney.net

Unclaimed Money Fraud

Looks like Delaware get the award for most abuse in abandoned property.

It was reported today that Delaware Finance employees may have stolen up to one millions dollars in unclaimed money. These guys were quite sneaky!

Here's an excerpt:

Finance Department employees may have stolen as much as $1 million in the last two years using an intricate fraud scheme targeting refunds for unclaimed stock certificates, bank accounts and other abandoned assets that revert to state ownership.

Abandoned financial property -- known as escheat -- is one of the state's largest revenue sources, bringing in about $364.9 million last year alone. Money comes from abandoned assets that have been dormant for five or more years or unredeemed retail store gift cards.

Because so many corporations are set up in Delaware a large volume of abandoned financial property held by banks and corporations legally reverts to Delaware. Read more...

Ever wonder how many states do not get caught doing this?

Even better reason to find your money before they screw yours up too!

Search now

Finding Texas Unclaimed Money

Texas unclaimed money is estimated to be in the multi millions.

Considering that many states try to hide these unclaimed funds from their citizens, it is refreshing to see local newspapers jumping into the action and helping resident find their unclaimed money in Texas.

The following story comes from the Daily Times:

The Texas Comptroller’s Office has published its annual list of unclaimed property, which includes the names of 152,000 people in the state who have at least $250 owed to them.

The Daily Times now has a copy of the list available at its front desk.

The unclaimed property could include a dormant bank account, a forgotten utility deposit, uncashed check, unclaimed investment income, securities, or family heirlooms from an abandoned safe deposit box.

Here is a site dedicated to helping users find their money online.
http://www.squidoo.com/texas-unclaimed-money/

To purchase unclaimed property for sale on eBay from the state of Texas, here is their eBay link.