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What happens when you claim Unclaimed Property?

States have established processes whereby legal owners of assets can reclaim unclaimed funds. When claiming unclaimed funds that have risen in value, taxes may be assessed at the time. If you claim property, it will be treated as ordinary income and taxed accordingly unless the property is related to a tax refund.

Who is Missouri comptroller?

Comptroller Darlene Green Louis and is a member of the executive branch of city government and the Board of Estimate and Apportionment. Comptroller Green is a city-wide elected official and directs her staff to assist in the city's daily financial operations and economic development strategies.

What happens when you claim unclaimed property?

States have established processes whereby legal owners of assets can reclaim unclaimed funds. When claiming unclaimed funds that have risen in value, taxes may be assessed at the time. If you claim property, it will be treated as ordinary income and taxed accordingly unless the property is related to a tax refund.

What does the state treasurer do in Missouri?

The Treasurer of the State of Missouri is the chief financial officer of the government of Missouri. The treasurer is responsible for maintaining the state funds by investing and maintaining the state budget. The department is divided into separate divisions, unclaimed property, savings programs and investments.

Who is the current MO State Treasurer?

Scott Fitzpatrick, State Treasurer. The State Treasurer is the state's chief financial officer. The State Treasurer manages Missouri's $20 billion in annual state revenues, directs its banking services and oversees its $6.5 billion investment portfolio.

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How do I find out if I have unclaimed money in Missouri?

Go to https://treasurer.mo.gov/UnclaimedProperty/Donate.aspx to find out more. Missourians can search the Treasurer's database for their Unclaimed Property 24/7 online. You can also sign up for email alerts when new Unclaimed Property comes in matching your information.

What does the Missouri state treasurer do?

The State Treasurer determines the amount of state funds not needed for current operating expenses, and invests those funds in interest-bearing time deposits in Missouri banks, U.S. Treasury and federal agency securities, repurchase agreements, banker's acceptances and top-rated commercial paper.

How do I find money owed to me in Missouri?

To search for unclaimed funds held by the State of Missouri, click here to obtain access to the Missouri State Treasurer's unclaimed property site. Direct all questions concerning funds held by the State of Missouri to the Missouri Treasurer's Office at (573) 751-0123.

How long does Missouri hold unclaimed property?

Missouri state law requires that, once property has been determined to have been abandoned, the county treasurer holds that property in trust for the owners or the owners' heirs for a period of three years. After three years, the property is turned over to the State of Missouri, to hold in custody until returned.

How do I find out if the State of Missouri owes me money?

To search for unclaimed funds held by the State of Missouri, click here to obtain access to the Missouri State Treasurer's unclaimed property site. Direct all questions concerning funds held by the State of Missouri to the Missouri Treasurer's Office at (573) 751-0123.

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