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Last Updated: 10/18/2008

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Gender: Male
Status: Single
Age: 44
Sign: Libra

City: Fair Play
State: South Carolina
Country: US
Signup Date: 3/19/2006
Thursday, February 28, 2008 

Current mood:  accomplished
Category: News and Politics
  Most of us are just getting over parting with a lump of our earnings during the income tax season. Well, quite a number of Americans can actually get back some of that money. I'm talking about income tax rebates and there are millions of dollars that the IRS owes US taxpayers.

 Almost $700,000 in Mississippi unclaimed money belonging to 1,024 residents are on a list of unclaimed tax refunds released by the IRS lately. In a recent report by The Clarion Ledger, IRS spokeswoman Dee Harris said that this is mainly due to the large number of Mississipi residents who still don't have direct-deposit features for their bank accounts. Another reason for these unclaimed funds is that most people still use physical addresses rather than mailing addresses like P.O. boxes. This results in undelivered checks and notices.

The figures for unclaimed cash are even higher in New York. Not surprising since it is after all, The Big Apple. But according to The New York Post, the amount of unclaimedcash in tax rebates as of today is still  a surprising. $9.5 million belonging to several thousand New Yorkers and former residents are in the government's hands. Unclaimed tax refund make up a large portion of unclaimed properties in NY. The total amount in the unclaimed property fund in the New York State Department of Treasury has already reached around $8 billion! A recent report by the Staten Island Advance said more than $2.33 million belonging to 4,013 accounts were paid out last year on Staten Island alone.

Residents of all states should search for unclaimed funds and property since anybody can have unclaimed property money in their name.
9:24 AM
 
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