IDAHO Currently have over $150 million available to claim.

Idaho-capitol

Encourage you to search for any unclaimed property we may be holding for you, your family or friends.We currently have over $150 million available to claim.

SINCE JANUARY 1, 2020
WE HAVE PAID OUT:

$1,878,830

Search now to see if some of it belongs to you.

 

What is Unclaimed Property?

Unclaimed Property is unclaimed or abandoned intangible property – money. Unclaimed money can be checking accounts, savings accounts, stocks, bonds, mutual funds, utility refunds, items stored in safety deposit boxes and more. The State acquires property, which in this case does not mean land, from “holders” such as corporations, business associations, utility companies, medical offices and insurance companies after there has been no customer contact for a period of time.

Why do you call it property if it is money?

Every state has an unclaimed property program so to maintain uniformity, the industry adopted the use of the word property to mean money.

How does property become unclaimed or abandoned?

There are many reasons why property becomes unclaimed. A few of these include errors made while updating a change of address, changing a name due to marriage or divorce, the death of an owner, or simply forgetfulness. Most property is considered abandoned if it has been inactive for five years. Wages and utility deposits become unclaimed after only one year.

To begin your search, enter your last name, or the name of your business. For best results, you may also enter your first name. Exact name matches will be shown first. Property for individuals with similar names to the name you entered will follow. You can select multiple properties per claim.

This is a free and secure service provided by the Idaho State Treasurer’s Office. When you are ready to submit your claim, select “View Claimed Properties” and follow the instructions provided.

In the United States, unclaimed property (money) laws began as a consumer protection effort and have evolved to protect not only the owners, but their heirs and estates as well.

People lose track of their money because of a change of address, death, or just plain forgetfulness. As part of our mission to protect consumers, we commit to reuniting Idahoans with money that has gone missing.

Each year, Idaho’s Unclaimed Property Division (UCP) receives millions of dollars in unclaimed money from businesses and organizations that have lost contact with the owners. The State of Idaho is responsible for safeguarding the money forever until claimed by the rightful owners or heirs.

Common types of unclaimed money include:

  • Dormant bank accounts
  • Uncashed checks
  • Unclaimed wages
  • Safe deposit box contents
  • Insurance claim payments or benefits
  • Stocks or bonds

By law, banks, insurance companies, or other businesses must attempt to contact the owner when money becomes abandoned. If the owner doesn’t respond, the money is considered abandoned. Businesses and organizations must review their records for unclaimed money and report the money annually to UCP by November 1.

Once lost or forgotten money is in the custody of UCP, an aggressive outreach effort begins through social media, promotions and statewide marketing coverage. Hopefully, one of those efforts is what brought you to our website today.

CLAIM YOUR PROPERTY NOW

To begin your search, enter your last name, or the name of your business. For best results, you may also enter your first name. Exact name matches will be shown first. Property for individuals with similar names to the name you entered will follow. You can select multiple properties per claim.

This is a free and secure service provided by the Idaho State Treasurer’s Office. When you are ready to submit your claim, select “View Claimed Properties” and follow the instructions provided.

 

SEARCH FOR YOUR CLAIM’S STATUS

NOTE: The Claim ID can be found on your claim form or in the email notice you received when you initiated your claim.

CLAIM STATUS

UPLOAD CLAIM DOCUMENTATION

Document Submission Requirements:

  • Uploads must be either a standard PDF, TIF, PNG or JPG file type
  • Individual files must not exceed 10MB
  • Individual files must be greater than 1 byte
  • Uploaded file names must not exceed 100 characters and must only contain letters, numbers, dashes and underscores.
  • Documents must not be password protected
  • Certain claims require original documents in order to process and therefore cannot be uploaded to the website. Please refer to your claim form to determine if your claim requires original documentation.

Please Note: To upload documents, you will be asked for the Claim ID. The Claim ID is located on your claim form in the upper right-hand corner.

UPLOAD CLAIM

SUBMIT A HOLDER REPORT

On January 1, 2020, The Internal Revenue Service’s Revenue Ruling 2018-17 will go into effect concerning withholding and reporting taxes with respect to payments from Individual Retirement Accounts (“IRAs”) to state unclaimed property programs. Holders reporting these properties should make use of the NAUPA Standard Deduction and Withholding code “TW” to represent “Income Tax Withheld.”

If you have already created your NAUPA report and simply need to submit it, click the button below.

NAUPA REPORT

I Don’t have yet & need to create a report

If you do not have access to reporting software and wish to create a manual report, click the button below. Once you click the button, you will be redirected to another tab to manually enter each owner and property.

BEGIN SUBMISSION

HOLDER PAYMENT

To search for a report, enter an FEIN into the FEIN field at right and click SEARCH. Select the report that you wish to pay. Please note that this portal can only accept payments for reports submitted through this website. If your report was submitted prior to July 9, 2018, you will have to pay by other means.

SEARCH FOR REPORT

HOLDER DEADLINES

HOLDER DEADLINES IDAHO

The Reporting Process

1. Identify the property to be reported by June 30. This includes savings and checking accounts, unclaimed wages, dividends, securities, policy benefits and any type of outstanding check, etc. For a detailed listing of property types please refer here. If the entity is not holding any reportable property at this time, file a zero report.

2. Attempt to locate the owner by sending a due diligence letter to the last known address on file.

3. Create and upload a report of all outstanding property due to the State. All reports and remittances are due by November 1.

4. Remit the associated funds and securities.

Can a holder request an extension?

The administrator may grant an extension on a case by case basis. The deadline to request an extension must be received no later than November 1, of the current reporting year. The Request for Extension form (UP-7) is found in the holder manual. Reports received after the agreed-upon extension date could be charged an annual rate of 12% interest and 5% penalty from the date the property should have been received.

What if we have never reported? Can we come forward now to become compliant with the law?

Yes, Idaho has an informal voluntary disclosure agreement (VDA) program that allows businesses that have never reported or have underreported to become compliant. You must apply for the VDA program to qualify.

 

Who is able to claim the abandoned money from a deceased relative?

If the owner of the property is deceased, the nearest living relative or heir of the deceased, or the court-appointed executor or personal representative of the estate may claim the property. If the deceased owner did not indicate a specific distribution of assets in a will or beneficiary statement, relatives have the right to claim the property in the order indicated in the Uniform Probate Code’s “Line of Consanguinity”, which is as follows:

  • The surviving spouse
  • Children
  • Grandchildren
  • Parents
  • Brothers and sisters
  • Nieces and nephews

What type of documentation must be provided to claim a deceased owner’s money?

Claims made on accounts for which the original owner(s) are deceased must include a copy of the death certificate(s) for all deceased owners listed on the account (photocopies of death certificates are acceptable). Documentation must also be included showing that the claimant is either the nearest living relative or heir of the deceased, or court-appointed executor or personal representative of the estate. If the deceased owner had a will, it should be provided.

What if my name has changed?

Documentation of the name change such as a marriage certificate, divorce decree, adoption papers, or certificate of name change should be provided.

UNCLAIMED PROPERTY LAW

Title 14 Estates of Decedents: Chapter 5, Unclaimed Property Law

Rules & Regulations 

USEFUL LINKS
Idaho’s Consumer-Owned Utilities Association

http://www.icua.coop/icua-members/

HRS Pro

http://www.wagers.net/hrs/

Holder Portal – ETM

https://www.byetm.com/

more info Source: yourmoney.idaho.gov/

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