Hidden Secrets Behind Finding IRS Unclaimed Money

Little do most know, unclaimed IRS money or unclaimed tax refunds is a large amount of the unclaimed money pile currently sitting in the state treasuries. Unclaimed tax refunds seems like an oxymoron to most, considering the large amounts citizens have to pay to the government in taxes each year, who wouldn’t want to get their rightfully owed tax money back?

The truth is, most people in America have some form of unclaimed money sitting with the government. Unclaimed money, let alone unclaimed IRS money is a phenomenon most government officials are unable to explain. This new phenomenon has caused an uproar among the government, which has lead to the creation new divisions of state and federal governments to deal with this problem alone.

Most state governments are taking strong initiatives to spread the word about unclaimed money and unclaimed tax refunds. In 2009 alone, millions of dollars in tax refunds sit with the government, waiting to be claimed. Most of the owners of this money are still unaware they have it at all. To much surprise, there has been a limited amount of people coming forward to claim this money, which has left the government to take stronger actions in notifying the public.

When beginning the unclaimed IRS money searching process, it is best to have a list of all states where you have paid taxes. This will help narrow down the search to only those that apply. Also, any federal tax Ids, or previous years’ tax information will help ease your search for any unclaimed tax money in your name. Once these lists have been complied, log on to each states’ unclaimed property website, where searches can be conducted. Once your name has come up with unclaimed money, each state’s website will provide all the necessary information one needs to submit a claim for this money.

Finding deceased relatives unclaimed tax money might be another great resource to use when searching for unclaimed tax money. Most are unaware they are able to search for unclaimed money from deceased relatives. 8 out of 9 Americans have unclaimed money in their name, and almost every family has some type of unclaimed inheritance money waiting for them, included unclaimed IRS money. After a search is done for yourself, search for any deceased family member for their unclaimed money.

With the 2010 tax season over, it is no doubt that another few million in unclaimed tax refunds will be added to the pool of unclaimed IRS money. Utilizing these tips will only lead to an easier and more successful unclaimed tax refund search for yourself, and your family members, and increase the unclaimed funds received for each individual.