The distinction, if any, between escheated funds and unclaimed funds is a distinction without a difference, you might say. That is, if you have anything to say about it at all. But a recent Florida ...

Castro Valley resident Nancy Young is $960.34 richer than she thought she was. Or so a pair of recent letters claimed. The letters -- one from a company called U.S. Claims Services in Bakersfield and ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Many people lose track of financial accounts. In New York State alone, there is more than $15.5 billion in unclaimed funds. "Escheat" occurs when unclaimed financial assets, such as those in a bank or ...

The Internal Revenue Service recently issued a ruling describing the tax treatment of individual retirement accounts that become unclaimed property. IRA owners should be aware of this ruling and ...

In Notice 2018-90, the Internal Revenue Service extends the transition relief period for the new escheated IRA federal income tax withholding and reporting rules by one year. Specifically, the ...

Barclay Palmer is a creative executive with 10+ years of creating or managing premium programming and brands/businesses across various platforms. Suzanne is a content marketer, writer, and ...

Escheated property must be claimed by heir within 5 years ...