Unclaimed Tax Refunds Await Many in New York
According to the New York’s comptroller, unclaimed tax refunds worth millions of dollars are waiting to be claimed in New York. The state is home to some of the highest volumes of unclaimed tax refunds in the country.
The New York state treasury is taking all the right steps to track and reimburse these unclaimed IRS refund, but the process has so far been slow. By a recent estimate, the state of New York currently holds nearly $10 billion in unclaimed funds which includes unclaimed tax refunds.
According to official reports, State Comptroller’s office is working tirelessly along with the state treasury and other agencies to reach out to the unclaimed tax refund owners. This collaborative effort has yielded encouraging results and this is reflected in the increasing number of inquiries and claims.
The newly launched Online Claim program of The Office of Unclaimed Funds is aimed at simplifying the process of inquiry and unclaimed IRS refund claim. New York department of unclaimed funds also enables you to post your claim if the name is absent from the online list.
New York State Comptroller’s has launched the Office of Unclaimed Funds (OUF) to increase awareness about the unclaimed funds process (that includes unclaimed tax refund). State treasury and IRS have been seeing very encouraging results and are hopeful that more inquiries will be solicited by people who have unclaimed tax refunds.
The outreach program effectively conveys the message across the state of New York by participating in a variety of public events. The New York State Comptroller’s Web Site can be accessed at www.osc.state.ny.us.
In addition to the various programs, state of New York also publishes an “Abandoned Property Supplement” of the New York State Register, which contains a list of abandoned property. This supplement is published by – New York State Department of State, 162 Washington Avenue, Albany, NY 12231.
National Association of Unclaimed Property Administrators (NAUPA), a nonprofit organization affiliated with the National Association of State Treasurers has also been helping the state treasury and IRS tax refund officials in reaching out to a large pool of citizens who had forgotten about their IRS tax refunds.
