The Unclaimed Money Database Review throws light on the harsh fact that American taxpayers are being cunningly denied the right to recover over $150 million in the form of IRS.
If you are to calculate the total amount of funds that the government owes, a whooping fifty eight billion dollars awaits your platter.
You would be surprised to find that the government owes you money that could easily run your monthly household expenses in a jiffy. It is a shame that you work so hard (toiling day and night) and yet the government is able to shave off a substantial part of your hard earned income without you even knowing about its very existence.
If you are a tax payer, you need to seek refunds from the IRS. It has been noticed that almost two hundred thousand Americans have outstanding debts from the United States government. So, how do you find your missing money?
Well, in order to do so, you need to avoid checking your phone messages or click on spammed emails that fill your inbox on a daily basis. Instead, you need to make use of the services of reputed websites such as the Unclaimed Money Database and identify the total amount of funds the IRS owes you.
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Unclaimed Money Database Review Write-Up Contents:
- What are the Highlights of this Guide?
- Various Scenarios for Claiming Your Own Money
- How does this System Work in Your Favor?
- What are the Benefits of Becoming its Member?
- How to Get Your Unclaimed Money Back from the Federal Government?
- Conclusion – My Opinion
As I have already mentioned above, you need to be proactive while determining the exact amount of your missing funds. You need to avoid paying a visit to phishing sites and instead, opt for either government websites or those that have a (.org) prefixed to their website address.
The money that the government owes you can come from a wide variety of sources that include property refunds, tax refunds and even insurance funds. The unclaimed money database provides you with a comprehensive list of missing funds that include but may not be limited to –
>>> Unclaimed properties, holocaust victim settlement fund, postal saving bonds, IRS refunds, veteran benefits, life insurance schemes, social security benefits, credit union accounts, inheritance funds, missing properties etc.
So, how do you claim your money?
If you would like your past-due funds to be sent back to you, you would be required to produce your identification proof and your social security number. In case you have made any changes to your name then, a valid proof of such a change is also required. In case you wish to recover the funds belonging to a deceased individual, you need to provide valid proof of death.
When you have furbished the required proof, you can easily hope to have the amount delivered to your doorstep. This process usually takes three months and is dependent on state policies.
Scenarios When You Have Money Waiting for You:
@ Maybe you had a bank account when you were young and have no clue of its existence. Simply look into your account files and locate the missing one. You would have a source of funds awaiting your platter.
@ Sometimes, you may have filed a dispute with the IRS and have a tax return check waiting for approval. This check has not arrived as you have not yet claimed it. This is yet another scenario of unclaimed funds in the pipeline.
@ At times, you may have unclaimed life insurance policies or veteran benefits awaiting your arrival.
@ Postal money orders are at times not delivered to the correct address. At times, you may have bonds that have gone missing. Simply, pay attention and reclaim your funds.
@ Unclaimed properties or missing inheritances are sometimes the most profitable way to ensure that your funds are flowing into your bank account.
@ If you have safe deposit boxes or unclaimed stocks that you forgot, these too need to be sought after on a priority basis.
There could be several other scenarios wherein your unclaimed funds are hidden. You simply need to make use of the Unclaimed Money Database and recover your much deserved funds at the earliest given opportunity.
How Does Unclaimed Money Database Work?
You need to simply access the home page of the website. Thereafter, you need to enter your first and your last name. Along with this, you also need to include the middle initial (if applicable). After this, you are required to enter the state wherein you reside or from where you need to extract the funds.
In order to access the vast database that tells you each and every aspect of your missing funds, you need to become a member of this database. For a meager sum of $4.95, you have access to the complete database for an entire lifetime.
Benefits of Becoming a Member of Unclaimed Money Database:
>>> First and foremost, you are provided with a unique login ID and a password. Hence, you have your own platform within the website that is completely unique in nature.
>>> Secondly, you get instant and complete access to a database that shall showcase all unclaimed assets that may be directly linked to you.
>>> The institution that is currently storing your money is revealed to you. The location and their phone number are provided to you via the website search option. Hence, you know exactly where to head.
>>> There is a list of tools as well as strategies that teach you how to claim your money back. All you are required to do is to follow the strategies mentioned in the guide and claim your money back.
How to Get Your Unclaimed Money Back From the Federal Government?
Did you know that the Federal reserve in the United States contains billions of dollars of your money. We are talking about Billions of your Dollars on an annual basis. Basically, it is your money lying with the government that has yet to be claimed by you. Even if it is worth a few hundred dollars, why should you let go of it???
What is Unclaimed Money?
When you have made a fixed deposit in your bank and forgotten about it completely then, it is termed as an unclaimed fund. This fund (regardless of the amount) is placed with the Federal Reserve. Other such unclaimed money lying with the government may include cash-backs, refund amounts, forgotten bank accounts and paychecks that have yet to be cashed.
Even deposits for your financial security that have been forgotten are reported to your concerned state department. These are then deposited to a fund that is termed as unclaimed. Tax refunds, pensions and saving bonds are also part and parcel of unclaimed funds that you may need to get after. Retirement plans, financial accounts, trust funds, insurance policy and dividends are also a part of unclaimed funds.
How to Get Your Unclaimed Money Back?
Well, getting your unclaimed money back from the government is the wisest thing to do. Once again, I repeat, it is not about the amount that the government owes you. It is much more about ‘you’ not letting go of what ‘you’ really own and deserve. After all, it is your hard earned money which is at stake.
Here are a few ways to get your money back:
Check Out MissingMoney and Unclaimed Database Websites:
The above mentioned websites provide information regarding your missing funds that the government possesses free of any charges. All you need to do is look-up these websites on the internet. You can look up the unclaimed money database of various states at one time via the aid of these websites.
Your name , Zip code and even the name of the state/city wherein you feel your money is missing from can be entered to ‘zero in’ on the exact amount that the state owes you. Even the range of money is offered by these websites as an added filter – for example, less than or more than $100. Simple refund amounts such as security deposit of an old electric connection that you had when you were young, can be traced here.
Simply Furbish the Proof of Rightful Ownership of the Missing Fund:
The next step is to prove to the government holding your unclaimed funds that you are indeed its rightful owner. For this very purpose, you need to ensure that you furbish your identification proof to the government. For this very purpose, you need to upload your Social Security Number, Driver’s License or Address Proof.
Money Order Claims:
If you have to claim a fund that is in the form of money order then, it is an alternate source of receiving funds (popular methods are check and cash). To claim a money order due, you need to use postal mail for dispatching your identification proof. Uploading your ID does not work here. It may take longer to reclaim your money order as compared to the usual (digital) ways.
How to Claim Unclaimed Property of Deceased Relative?
When someone dies and they forget to file the property rights to you then, the same property or asset tends to fall under the unclaimed category. Unless you reclaim this asset, you shall never be able to make use of it. This is why you need to make sure that you first dispatch your identification documents (along with the death certificate of the deceased) that relate you to the deceased property owner. Once that angle has been sorted, you need to claim the rights to the property.
How to Reclaim My Lost Money from IRS?
Tens of thousands of tax returns have yet to be claimed annually via the IRS. So, they tend to remain with the IRS as unclaimed funds. Even a simple mistake as ‘not updating your current address with the IRS’ can cause a tax refund check from not reaching you. Do remember that you have 3 years in which to claim your tax refunds from the IRS. If you delay any further, your funds can be lost forever (as they shall be handed over to the Federal Government).
How to Claim Your Unclaimed IRA and 401K Money?
You would not believe that funds kept and forgotten in retirement funds and 401K can be in tens of thousands of dollars per individual. It could be as simple a reason as forgetting about the fund altogether that forces it to slip into the ‘unclaimed funds’ category.
As it is state property, the Federal Government tends to return these back to the concerned states. The state tends to convert these unclaimed funds into liquid cash. The end result is that when you try to reclaim these funds, state authorities shall levy hefty taxes or fines on you. Nonetheless, it is worth getting your money back even if you have to pay a fee for the same.
How to Reclaim Lost Funds from Banks and Credit Unions?
Old bank accounts are usually forgotten. They contains funds that may be useful for you. To claim such funds, you need to have your checking account number (the old one). Thereafter, check the government’s official website (the FDIC website) to get access to those old accounts. Funds are also lost and forgotten under the Nation Credit Union category. The same goes to pension funds.
So, you need to reclaim these by dispatching your claim at Pension benefit Guarantee Corporation, Federal Insurance Deposit Corporation and the National Credit Union Share Insurance Fund. Get hold of your unclaimed funds at the earliest in order to utilize them for your own benefits.
How to Get Back Treasury, Life Insurance and Veteran Category Unclaimed Funds?
The Fiscal Service Bond 1048 is an ideal way to get hold of any monetary bond that is waiting to come your way. Bond money is always within the US Treasury. So, you need to get hold of it asap. Insurance companies often have funds that they need to pay you. A deceased relative may have nominated you as their heir for an insurance scheme. Veteran Insurance funds are also a part and parcel of this category. You need to make an effort to get hold of them in a timely manner.
To be very honest, I (LeanAndFit reviewer) am careful regarding my income and expenditure. I also ensure that I claim my refund from the IRS and other sources in a timely manner. Hence, I do not have any outstanding money owed to me by a third party.
Nonetheless, even as I wrote the Unclaimed Money Database Review, I came to the conclusion that hundreds of thousands of Americans are missing on their own funds. They are simply unaware of the fact that some or the other institution owes them money.
It is therefore vital that you keep a close watch over your missing funds and reclaim them as and when the need arises. Websites such as unclaimed money database is ideal for such purposes.