The economy is shrinking, times are hard and we are in the middle of an unprecedented pandemic. This also means that most people would not be averse to looking for additional sources of income that can guarantee their sustenance in such troubled times. One such avenue that has been gaining popularity and traction in recent times is missingmoney.com. There are reports of a few lucky internet users who have landed as much as $750,000 in unclaimed cash after just but a few clicks at the comfort of their couch.
Missing money .com is a joint collaborative effort that spans across several states working as an online-based tool designed to reconcile long lost monetary assets with their rightful owners. The rightful owner, in this case, could be you or someone very closely related to you.
Strictly legally speaking, the US law stipulates that unclaimed property can be held securely by the state until the rightful owner(s) are traced. Therefore, it is customary for states to maintain an array of searchable databases through which individuals can check to see if there are any forgotten cash deposits, bank accounts, uncashed checks or any other easily liquefiable property that is held in their name. In other words, you can say that missingmoney acts as the bridge between you and any misplaced small fortune that could luckily be owed to you.
Ideally, it is quite common for most people to live in more than one state in their lifetime. And this also implies that these folks could have misplaced monetary assets spanning more than one state, sometimes even more than five. It would be quite hectic and counterproductive to scour down the taxman records of each and every county in all 50 states in a bid to track down some bit of money which you are even assured of finding. Here’s where missingmoney org comes in quite conveniently.
As you would also imagine, it is much more time-saving to create a centralized virtual locker where-in anybody can find their rightful property in any state without having to jump through hoops or cut through bureaucratic red tape. On paper, this is exactly what www.missingmoney.com seems to be all about. Nonetheless, a deeper dive into the technicalities and inner workings of this site reveals a few mysteries that are worth unravelling.
First things first; it is imperative to stress that Missing money com only deals in ‘unclaimed property.’ Unclaimed property, in this case, refers to any monetary or near-monetary assets (such as publicly traded shares, bonds, jewelry, securities) that the government holds on behalf of somebody else for general safekeeping. These assets could have been forgotten, lost in mail or even inadvertently abandoned as in the case where the next of kin cannot be easily located by the financial institution holding the money.
Speaking of which, it is estimated that at least one out of every ten random people have unclaimed cash in their name waiting for them. And this could be you too! You’d be surprised to know that even high-ranking celebrities who have a battalion of financial managers at their beck and call sometimes land unclaimed assets via sites such as missing money dot com. And correspondingly, this is nothing to be embarrassed about or shy away from whatsoever.
At this stage, it’s probable that you may be thinking that this is almost as fictional or unlikely as winning the lottery and the numerous missingmoney.com scams floating around the interwebs does very little to convince you otherwise. Nonetheless, a quick look at the main page of this website, especially at the top end of it, can restore a bit of confidence in the quest to track down any unclaimed assets in your name through it.
The banner at the top of the site reads out boldly; ‘Provincial and state governments working in conjunction with the NAUPA (National Association of Unclaimed Property Administrators) to help you find your lost funds.’ At the very least, missingmoney.com mn looks very much like a government-operated site, except that it is not.
If you do a bit of digging, you are likely to find out that missing money.com mn is owned by a private LLC that goes by the mononym UPCH or Unclaimed Property Clearinghouse. UPCH is also a major subsidiary of ACS (Affiliated Computer Services, INC), which in turn is owned by the renowned Xerox Corporation. In any case, it is important to retaliate that nearly all states participate in updating its extensively networked database.
Having said that, as much as the ownership of missing money org can appear a bit controversial, there is no denying its immense utility in today’s fast-paced life. Just recently, the New York Times published a story narrating how a South Carolina man stumbled upon close to a million dollars in his name. The man, who before the ordeal, worked as a lowly janitor was able to turn his life around by simply being proactive enough to forage the depths of the internet for any fortune left lying about in his name.
This is a stark reminder that you don’t have to pay anyone obscene amounts of money to do a simple search of possible unclaimed assets that may belong to you. A few clicks on online-based tools like missing money com can make the difference between joining the top 1% of the society or toiling for eons while in reality you could be wealthy.
Finally, taking into consideration that there appears to be more than $44 billion USD in unclaimed assets waiting for their rightful owners, then saying that you stand at least a decent 25% chance of getting a slice of this pie is not stretching it by any means. Realistically, according to a report generated by www missing money com, the average claim paid out last year hovered around $892.
If you are in the prowl for missing and unclaimed assets, this is without a doubt one of the most recommended places to begin your search. In as much as there are a few missingmoney.com scams wafting around various corners of the internet, the site has proven to be quite a reliable resource when it comes to making sure unclaimed assets end up in the hands of their rightful owners.
Having said this, to squash the never-ending questions revolving around, “is missing money legit?”, the site goes above and beyond to make sure that the entire process is as transparent as possible. And one of the ways that they ensure this is by regularly updating the list of all participating states in this endeavor. You can quickly access this list by clicking the tab labelled, “Message from the Government,’ found on the extreme left of this site.
Yet, if at this juncture you are still baffled by the question of, “is missingmoney com legit?”, you might be relieved to know that the government does not necessarily have any unanimous responsibility or endorse any of the numerous ads that appear on this website. The site is also a treasure trove for several other useful tips circling around related topics such as, how one can prevent losing their money/assets in the first place. This is definitely not the usual markings of a site run by a scam-artist.
In as much as netizens keep asking,’ is missingmoney.com legit?’ In many online forums, it is imperative to recognize that such online tools are necessary in this era since not many officers of the State Treasury take it upon themselves to trace unclaimed assets back to their real owners. And even on the rare occasion that they can find these rightful owners, not all states allow the Treasury Controller to directly contact the beneficiaries.
Still on this, while some states take the initiative to sensitize the public about the importance of making regular searches in their unclaimed assets databases, others hardly make an effort. Delaware, for instance, remits less than a paltry 5% of their total unclaimed funds back to their owners while West Virginia is quite aggressive in their quest of returning these assets back into circulation. Without sites like www.missing money.com, a huge portion of the total payout made annually would never make it back to their economy.
In spite the fact missingmoney florida lauds itself as being the ‘only database and website of unclaimed funds in America’, this resources cannot exactly be described as ‘national’ since not all 50 states participate in the updating process. This implies that whenever you do a simple search on the site, you are not really surfing through each and every state file but only those which have subscribed to the NAUPA group of unclaimed assets records.
It is also crucial to have it at the back of your mind that you may be required to turn over or report any recovered missing money that is accrued through missingmoney com kentucky if you happen to a financial institution or a business. Speaking of reporting, it is interesting to see that they also have a decent reporting software on offer for those who may require its utility in the quest of landing unclaimed assets.
It may come as a surprise to you how often the average person forgets or loses track of their money or near-money assets. For instance, you’d run out of fingers if you started counting the number of paychecks that are not cashed in a timely manner per day or refunds that are not delivered because the applicant unintentionally listed the wrong address. Not to mention the sheer number of security deposits that most people ignore to claim. According to missingmoney.com review, these miscellaneous looking amounts can cumulatively add up to more than $16 billion.
The same way it is customary for people to kick off the new year by coming up with fresh resolutions, objectives and targets, it is also advisable for one to usher in the turn of a decade by visiting www missingmoney com main search cfm. This will create a culture where the society can help do its part in keeping the economy liquid by ensuring the circulation of these unclaimed assets.
Notwithstanding, there are ads on the missing money com main landing panel that seem to suggest that the website is government sponsored or receives a substantial amount of government funding. In reality, this is hardly the case. Missingmoney.com tn is entirely privately owned although it displays a prominently placed ‘consumer bulletin’ where one is encouraged to click for them to ‘receive information from the government.’
It is crucial to reiterate this fact a majority of the many missingmoney com scams that you are likely to come across in a day always seem to center on the presumption that this site bills itself as a government-sponsored project which is contrary to the truth. The ads that you come across on the website’s landing page should not be used as a sign that the federal government has given its badge of approval to dealings that the site oversees.
Thus far, a casual observer is likely to spot the glaring fact that many missing money com reviews typically list the site as being owned and run by Xerox. At the same time, the same reviews often love to enunciate how some ordinary folks came across hundreds of thousands of dollars in their name or close relative’s name. While these may be true, it should not be construed that the website is running a ‘get-rich-quick’ scheme as many missingmoney.com scams will have you believe.
At the end of the day, you will still have to put in the hard work of doing an effective search using the site then complementing your efforts by putting boots to the ground and visiting each county or state that is not a participant of this resource. This is actually the best way of quelling your doubts of whether or not missingmoney.com is legit.
It is easy to be under the mistaken impression that missing momey enjoys an exclusive government endorsement since it has proven to be a site worthy of such an illustrious accolade. But according to a report from Resource Shelf, the owners of www.missingmoney.org pays the National Association of Unclaimed Property Administrators (NAUPA) a certain nominal fee in exchange for the exclusive and unfettered right to use their sole endorsement including the logo and name that you can find on the site.
While there is nothing legally or morally wrong with a private entity making a corporate decision to endorse other third-party businesses or enterprises that they believe gives them a major advantage, one would wonder if that is the whole story here. Realistically, this is one of the major talking points that the proponents of missingmoney.com hoax typically tend to raise.
Nevertheless, this is a typical misconstrued observation that is designed to raise doubts on the missingmoney legitimacy by a few pockets of netizens. Remember that the primary objective of any participating state is to ensure the safe return or repatriation of unclaimed assets to their rightful owners. This alone cannot be deemed as favoritism when you look at the bigger picture – which is how easy it has become for the average internet user to search and reclaim missing financial assets in his name.
That being said, by handing missingmoneycom exclusive endorsement and also an unrestricted use of its main database, the National Association of Unclaimed Property Administrators effectively locks out other parties from joining the fray. This may seem counterproductive in the sense that it greatly diminishes the speed at which unclaimed assets can be returned. One may even argue that it hampers the likelihood of missing money being recovered altogether!
The collaboration of naupa missingmoney com also appears questionable considering that not all 50 states in America are participants of the initiative. What’s more, even those that regularly participate in this scheme often don’t turn in all their records. So, while it could seem efficient or expedient to be able to browse through multiple websites with a single online tool, overreliance on one avenue has often proved disastrous in the recent past.
Truth be told, unclaimed assets can take many shapes and forms. And according to unclaimedmoney.com, there is more than a whopping $40 billion of it floating around in America in various states. California, for example, has more than $6 billion in ‘mising money’ that is yet to be remitted back to the owners. In these hefty-sounding stash, you are likely to come across equities, cash, diamonds, as well as gold bars or rare silver coins. Not to mention, there are even vintage bottles of alcohol listed under this category too.
Although states are mandated and tasked by the law to look for the owners of any unclaimed asset, very few of them put anything more than the bare minimum effort in this endeavor. As missingmoney com kentucky points out, there definitely exists some nature of conflict of interest in the sense that unclaimed property has in the recent times become one of the most significant revenue sources for most states.
Again, a good instance of this nature of interest is how California’s fifth largest income in 2015 was sourced from unclaimed money. Therefore, unless you make an effort to make use of resources such as missingmoney con, waiting for the state department to notify of unclaimed money in your name is not going to cut it. And even if they have plenty of sufficient data to get into contact with you, they simply don’t have the incentive to do so.
It even gets more preposterous to know some of the states even hold unclaimed money that is the name of famous celebrities under the pretext that they aren’t sufficiently staffed to trace the owners. Nonetheless, a few states have of late become more creative when it comes to remitting money that can’t be easily found through public online-based tools such as www missingmoney.
It is a well-recognized fact that many states are often too happy to hold on your unclaimed property and earn compound interest cumulatively from it. We are talking about hundreds of millions of free missing money and sometimes even a few billions of forgotten dollars at their disposal. Obviously, not many of them will be too enthusiastic or passionate to give it back quickly.
Actually, a state like Kentucky holds more than $300 million in unclaimed assets from which it earns a hefty amount of interest tax free. Now considering that most states are typically strapped for funds, this explains why many of them their efforts to trace the real owners of these funds are often quite passive. And this is what necessitated the need for a missing money site that is adapted to serve the common in the streets.
Having said that, we still have to give credit to the few states that are a tad bit creative and aggressive when it comes to returning these assets to their correct owners. Some will go as far as organizing county fairs that are specifically geared towards drawing people’s attention to the truth that there’s an upsurge of unclaimed assets and should try visit sites such as missingmoney.com va to find out whether or not they have unclaimed property in their name.
A typical example of counties taking such tremendous and commendable steps is Iowa which periodically hosts the ‘Great Iowa Treasure Hunt’ platform at their annual state fair where people are sensitized on the process of retrieving unclaimed property and missing moey in their name which is held by the state. This state does not just educate the public on the possibilities that they could have assets that they are not aware of, but also allows them to file and submit their claim on these booths and platforms that they host at the fan fairs.
While all this is happening, it is fascinating to know that some states have been too aggressive when it comes to accruing and gathering these unclaimed assets from other 3rd parties. Delaware is a good example of how militant a state can be when it comes to going after companies which they suspect are not turning over all missing oney and unclaimed property to their coffers.
Speaking of which, it is just recently in 2016 that the state of Delaware lost a major court case where they were being chastised and criticized for being over aggressive in pursuing enterprises and charging them hefty assessment fees in the process. Which, as a matter of fact, is quite ironic when you bear in mind that Delaware has been known to hold hundreds of millions of missing monry while still not doing enough to remit it back to the owners.
It could be that this is related to the fact that Delaware managed to collect more than $500 million in the financial year 2015/16 in missing mone. If this monstrous figure is anything to go by, then it implies that unclaimed assets make the biggest source of revenue when drawing up the state budget.
Still on this, one of the biggest sources of unclaimed financial assets is failed credit unions which for one reason or another collapsed. If you belonged to such entities or was once a member of a now-defunct welfare group, it is advisable to take advantage of separate resources such as missingmoney.com ny that have lately teamed up with NCUA to help people recover their lost funds. The NCUA, in this case, proves to be quite helpful especially if the credit union in question was insured in the first place.
In this case, you can track down your unclaimed assets by combing through the missingmoney com fl using your name or SSN details. It is recommended that you do this within 2 to 3 years of the failure of the credit union. That being said, you could still try this even if more time than this has passed – it does not hurt to try.
Veterans will also be delighted to know that there is a search option on missingmoney com va that is dedicated to helping veterans or their next of kin look for any insurance money or benefits that could have been paid out in their favor but lying somewhere unclaimed. And with reports emerging that states such as New York have over $14 billion USD in unclaimed, it is totally worth it spending a little time everyday making simple but comprehensive searches for your slice of this goldmine.
The conglomerate of Xerox, ACS Inc. and UPCH has been lauded by many relevant stakeholders as being a ‘significant achievement’ and a ‘streamlined service’ in the ongoing efforts of helping return unclaimed assets to their rightful owners. You only have to log on to www.missingmoney.com/main/search.cfm for you to start your pursuit for unclaimed property.
That aside, if you are still troubled with the puzzling dilemma of, ‘Is missingmoney com legit?’ it is necessary to take into consideration that the owners of this site have also taken a few steps to monetize the platform, in addition, to helping people find unclaimed assets. Notwithstanding their exclusive rights to being the face of a free service, this does not imply that they are scammers. After all, no one is compelled or forced to click on any of the prominently displayed ads on this platform.
This missing money.com review would not be complete without pointing out that although the site makes a decent amount of cash by running both related and unrelated ads, states also pay to have their database included in the search engine semantics of the site. This way, they cut the costs of having to email potential owners of unclaimed assets individually.
For starters, money is typically shelved under ‘Unclaimed Assets’ when the main holding account has been inactive for several years. This period used to determine its ‘inactive’ status can vary from state to state. According to misssing money com, a mailed check that is returned back to a financial institution without a new address listed on it can also be filed as an ‘unclaimed asset.’
Banks, according to a recent unclaimedmoney.com review, are also another common source of unclaimed funds. This is often through the checking or saving accounts that remain dormant for decades or even safety deposit boxes. Also, a corporation can also be termed as holding unclaimed assets if a employees payroll cheque has remained unclaimed for more than a given pre-determined period, and any attempts to get into contact with them have been unfruitful.
Securities brokerage and mutual funds also turn over unclaimed assets regularly if statistics from missing money review are anything to go by. This could be in the form of financial assets held in inactive and dormant accounts or mailed dividend checks that were never successfully delivered to their intended recipients. These checks, for instance, may have been logged under undeliverable where there was no current forwarding address listed as the next of kin.
Also, whenever an insurance company is unable to get into contact with the beneficiaries of a policy payout, they are required to turn over the money to the state as an ‘unclaimed asset.’ However, if you are a regular visitor of naupa missingmoney.com, you are likely to come across this kind of cash in your name if the deceased listed you as the next of kin when they were applying for policy.
The IRS, in particular, is also known to hold several millions of dollars in rebates and refunds that have been shelved as ‘unable to be delivered’ after being returned to them. A significant portion of this cash could be your money if you have recently changed your resident address without notifying the IRS in advance. By the way, this is an important talking point for those who keep wondering how relevant the efforts of missing money.com ga are to the average man.
Dwelling further on this, most people have unclaimed assets that the IRS is still holding as they did not file the required taxes at the time that they were legally not supposed to. If you were employed, for instance, but your annual earnings from the job were below the legal threshold under which you were not necessitated to file a tax return, then it is possible that you had a few taxes that were excluded or withheld from every earned paycheck. Going by the majority of missingmoney.com complaints, it is possible that this money was returned to the federal government eventually.
Then, it goes without saying that if you failed to file a return during that financial year, it is possible that you failed to trigger the release of these funds to you. Moreover, as most missing money reviews expound, you could have earned below the minimum taxable threshold but still enough to qualify for an Earned Income Tax Payout. And here is where a forwarding address (which you may have failed to provide) becomes relevant.
To put matters into perspective, the IRS had more than $1 billion in undeclared and unclaimed assets for the 2010/2011 financial year alone. Now, April 2015 was the latest date which one could file a claim for this money and its unfortunate that it is not clear what exactly happens to these funds. Which, of course, reiterates the importance of taking advantage of resources such as missingmoney,com to stay up to date with any unclaimed assets that you could have out there in your name.
Speaking of taxes, there are important things to be aware of, in the event that you chance upon government missing money or even inherited stock that you were not aware of its existence. Firstly, after filling out all the correct paperwork and securing the stock, you probably already know that the quickest way of cashing it in is by selling it to the highest bidder as illustrated in many missingmoney.com reviews. Still, you are still required by the law to report the ensuing transaction including other miscellaneous details such as stock acquisition date and the sale date.
The acquisition cost, in this case, is pegged on the price of the inherited stock on the very date of death of the next of kin who left it to you. It is quite easy and straightforward to find the prices of stocks in any past date through financial sites such as Yahoo Finance, Schwab or others not listed in this missingmoney com review. Always remember that any money that is being held by a 3rd party entity other than government, such an insurance, utility or financial company such as a bank, has to be turned over to the states after a given period of time has elapsed.
As soon as the money is sent back to the state, it will then be forwarded to your last known address, and this is regardless of the amount of time you spent there. Hence, it is important to have this at the back of your mind in your quest for unclaimed funds. Ensure that you are thorough and comprehensive in every county/state you have lived in, even when you are relying on online tools such as www.missing money.com.
Searches for unclaimed assets as explained in several other missing money.com reviews should not just be restricted to your own name or residence history. You can be entitled to undeclared property or an unclaimed estate that is in somebody else’s name if you can prove that you are a legal heir of the inheritance. You can even go a step further and write to government institutions and agencies such as the IRS enquiring if they have any unclaimed money that is in your name. You can consider that part of your own independent missingmoney reviews series.
As stated earlier when answering the question, ‘ is missing money legit?’ , states may be mandated by the law to repatriate unclaimed assets back to the public, but often have more than a few conflicting priorities over the subject. The state, for example, might find it more useful to hold onto obscene amounts of unclaimed cash and earn a sizable interest from it to fund their local government expenditure than send it back to its rightful owners.
It is very easy for a state to get used to this unorthodox type of funding as demonstrated by reports generated by missingmoney com mn, where the states of Delaware and Minnesota are known to accrue several tens of millions of dollars from the chunks of unclaimed asset that they have stashed in various financial vehicles.
At this point, it is not just a question of, ‘ is missingmoney com legitimate’ or ‘is missingmoney.com a legitimate website’ but more of your ambition to net any unclaimed money owed to you. It is understandable that most of us may have their own reservation entering sensitive personal identification details such as SSN on a privately-owned site, but the gains that can be accrued from making use of such a site definitely the risk.
However, if you are still paranoid about trusting mising money com with such private information, you could restrict your searches using your official names, then narrow down the hunt yourself by visiting the states from the results physically. Even better, if your state has a dedicated website function for unclaimed property, you can continue the search to their official platform.
You may find it handy to use missing money con to find unclaimed assets, especially in these lean times. Instead of having to scour through several websites, something which can be both arduous and time consuming, the missingmoney com unclaimed money platform allows you the convenience of broadening your search to several websites at ago. All in all, there is no doubt that unclaimed property is presently a big industry and the real owners of these assets are, unfortunately, not the ones who are smiling all the way to the bank.
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