Anyone who is interested in finding the unclaimed funds free of charge through the database of unclaimed property that is maintained by Arkansas’ State Auditor’s Office. Users won’t be charged any fees to find unclaimed funds or to file claims.
In addition, several federal agencies keep unclaimed funds until the proper owners or heirs have the right to claim the funds. They maintain databases online that interested individuals can browse to locate funds or assets that are not claimed in Arkansas at no cost. A few of these funds are:
Unclaimed Federal Tax Refunds
In some cases, United States residents overpay federal taxes. In this case, the IRS takes the amount that the taxpayer should have paid and then refunds the rest. But, the refund could be denied due to a variety of reasons.
An Arkansas resident is able to check the IRS Unclaimed Refunds Database to determine if they’ve not claimed tax refunds. When they discover the funds, the person is able to file a claim through the website or visit the closest IRS Office in Arkansas to learn more or call for help by dialing (800) 829-1040.
Only a person who dies as an heir or surviving family member, executor, and a court-appointed probate administrator, can claim unclaimed funds in Arkansas. However, applicants must submit evidence to prove their claim. The documents required are typically included in the claim form that is sent by the person claiming. After the office of the state auditor receives the claim form along with any supporting documents and documents, its Unclaimed Property Division will process the funds and issue an official check.