Claim Missing Money With Found Money®

Wherever you are in the world when the clock strikes Midnight, Edward Palonek hopes you are having a great time, surrounded by friendly people in a place that you want to be. Stay Safe and have fun bringing in another fantastic year, 2009.

From everyone at FoundMoney.com and the founder Edward Palonek

Edward Palonek reports that more than 9 billion dollars are unclaimed in New York State. “With rate of recovery nearing 75%, the money from unclaimed accounts could add up to close to 7 billion dollars of economic stimulus” says Palonek, founder of FoundMoney.com

People find money in many places like street corners, old jackets, but few consider the idea of finding money online. The new trend is to search for money online. While there are many websites, one stands out of the crowd. Foundmoney.com has been operating since 1994 where thousands of people have found a small fortune. Recently, someone in New York State has claimed an account worth over 4 million dollars in stocks he did know existed. The top account holders in New York are valued at $6.8 million dollars. There are some millionaires walking the streets and they don’t even know about it.

Government institutions like IRS has unclaimed money and procedure for storing and locating the owners of this money. According to http://www.irs.gov website, the abandoned property is stored according to 9.7.11.4 (05-15-2008). These section states that:

”Abandoned or other unclaimed currency or monetary instruments shall not be deposited into the Treasury Suspense Account. Abandoned or other unclaimed currency or monetary instruments may be deposited into the Internal Revenue Service (IRS) Suspense Account until an owner files a proper claim or title vests in the United States.”

Edward comments “Claiming the money from various institutions can be tricky but most are relatively easy”. IRS has a very strict procedure on claiming money as to the 9.7.11.8 section of the “Abandoned Property” manual, which state:

“The procedures relating to claims filed for abandoned or unclaimed property contained in 41 CFR 128–48.502 and 41 CFR 48.503 are similar to the petition for remission or mitigation process covered in IRM 9.7.7, Claims and Petitions”

President Obama has promised massive spending bills to stimulate the economy, perhaps one of the first agenda on the new administration list should be the re-structuring current handing and recovery of unclaimed money. “As in New York, the 9 billion dollars could go a long way to help this State” comments Edward. Currently the handling of unclaimed money by the State and other intuitions allows for a lot of fraud. As a result of various found money scams the states are making it harder for legitimate unclaimed money owners to claim their money. Foundmoney.com has seen all sort of scams and claims of unrealistic fortunes. “Be aware of the imitators who promise a large sum for a small percentage” says Mr. Palonek

Edward Palonek
HTTP://BLOG.FOUNDMONEY.COM

PRLog (Press Release) – Dec 17, 2008 – Nevada - Wondering what you can do for Christmas? You could get your picture taken with Santa at the Hyde Park Village, or you could find a box under the Christmas tree filled with money.

Edward Palonek from foundmoney says, Tampa Florida residents have approximately $21,000,000 dollars in unclaimed money that remain to be claimed. Some of this money is in the form of dormant accounts in financial institutions, insurance and utility companies, securities and trust holdings. Unclaimed Property also includes tangible property such as jewelry, coins, currency, stamps, historical items and other miscellaneous articles, from safe deposit boxes.

“With just 71,220 families in Tampa, the chances of finding money are pretty good”, says Palonek. It appears that half of these families could have some unclaimed money. This works out to be roughly a $368 per family. Some Tampa residents have more money then others.

Mr Palonek, founder of FoundMoney.com, helps to reunite people with their lost or forgotten money and was the first company on the Internet do so. Foundmoney, a company started in 1994, specializes in unclaimed money and has reunited thousands of people with their lost and forgotten money.

Here is a short list of some Tampa residents that may be able to cash in on that unclaimed money:

$13, 778 Joseph M. Cartaya
$35,818 Hellen Ernst
$25,000 Gregory Gudda
$7,302 George Wilson
$43,689 Marianna C. Omer
$5,652 John Thompson
$1,778 Iamarco Ray
$1,951 Thomas Newkirk
$8,286 David E. Myers

Even our very own Tampa General Hospital has unclaimed money, with over 16 accounts the amount is estimated to be in the range of $10,000 to $12,000. This money certainly could go towards a good cause at the Hospital, says Palonek.

To search for your name visit foundmoney.com’s website and you could find that unexpected gift full of cash.

Under this act:

Individuals and families are eligible to receive up to $600 for individuals and $1,200 for couples. A minimum of $300 per person and $600 per couple would be available to those with at least $3,000 of earned income. This relief would be available to everyone with adjusted gross income less than $75,000 for singles and $150,000 for married couples filing jointly. It will be phased out for taxpayers above those income thresholds. Taxpayers may qualify by filing a tax return for 2007 and including a valid Social Security number on their tax return.

Everyone eligible for this relief would also receive an additional $300 per child. For example, this would mean up to $1,800 of tax relief for an eligible couple with two children.

Recipients of Social Security and certain veterans' benefits are also eligible for rebates. Those who receive at least $3,000 from any combination of benefits from these programs will receive rebates. The IRS and Treasury Department will be working closely with the Department of Veterans Affairs and the Social Security Administration, along with beneficiary organizations, to ensure that all eligible individuals are able to receive their payments.

However with the IRS unable to deliver some of this money due to various database errors. Much of these errors can be attributed to incorrect mailing addresses. As such IRS has setup a hotline that you can call to claim your money.

With Christmas around the corner, a gift from Uncle Sam would be a very nice gesture. So don’t delay, call the IRS hotline at 1-866-234-2942. As always don’t forget to search for any missing money on our website as well.

December 5, 2008 – Edward Palonek, founder and CEO of foundmoney.com, announced that his unclaimed property department is teaming up with Santa Claus to alert millions of individuals and companies, that they may be the rightful owners of abandoned bank accounts, misplaced payroll checks, forgotten stocks and other unclaimed assets.

Each year, thousands of people lose track of their bank accounts, cash, stocks, bonds, refunds, royalties, safe deposit boxes and other property. People move and forget to furnish their bank, broker, employer or insurance company with a forwarding address. Losing sight of property can happen to anyone, says Mr. Palonek and Santa Claus

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