Category: Unclaimed Property
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Paperwork You Can Toss After Filing Your Tax Return
Once you file your 2022 tax return, you may wonder what personal tax papers you can throw away and how long you should retain certain records. You may have to produce those records if the IRS audits your return or seeks to assess tax. It’s a good idea to keep the actual returns indefinitely. But…
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Two New Ways to Claim Unclaimed Property in Illinois
In 2017, the Office of the Illinois State Treasurer and the General Assembly updated the State’s unclaimed-property law to incorporate recommendations of the Uniform Law Commission. On January 2, Treasurer Michael Frerichs announced on his Facebook page that “claiming cash and property will be a much simpler, faster process in 2018” while remaining free and secure. …